SevOne Turns to Intacct’s Cloud Financial Applications to Support Global Expansion

SevOne, a fast-growing software company, moved from QuickBooks to Intacct to automate financial processes, ensure vendor-specific objective evidence (VSOE) compliance, and gain real-time visibility into key financial metrics.

Intacct’s sophisticated multi-entity system minimizes duplicate data entry in SevOne’s consolidations, revenue recognition, and financial close processes, and delivers a thorough picture of the company’s financial performance anytime, anywhere. With Intacct, SevOne saves $50,000 annually in finance salary costs, completes its global consolidations two days faster each quarter, and closes its monthly books in half the time.

Intacct’s multi-entity architecture makes consolidations a breeze for us. Intacct’s comprehensive automation also lets us work much faster, so we’ve avoided hiring additional headcount on our finance team, saving the company $50,000 every year.
Gina Keller
Director of Accounting
SevOne

Previous business challenges

  • Fast-growing software company needed a full-featured financial management and accounting system to streamline processes
  • Required multi-entity, multi-currency capabilities to support global business expansion
  • Wanted a user-friendly and remotely accessible solution that could minimize reliance on Excel
  • Needed to maintain VSOE compliance for deferred revenue recognition

Results with Intacct

  • Cloud financial management solution modernized and streamlined financial processes, saving $50,000 annually by reducing finance staffing needs
  • Sped global consolidations by over two days, and cut monthly close by half
  • Flexible, real-time reporting provides greater insight into financial operations across departments, from any location
  • Templates and recurring journal entries ease complex revenue management while increasing data accuracy
INDUSTRY
  • Software & SaaS