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Snapsheet Gains Flexibility to Support Future Growth
Snapsheet was created to change the world of auto claims appraisals. Its revolutionary new mobile app and dispatch platform helps insurance carriers settle claims in hours instead of days. As the company began to accelerate growth, Snapsheet’s finance team recognized the importance of modernizing its own internal processes.
The company’s rapidly growing billing volumes made it nearly impossible for the team to manually record each insurance estimate as a revenue transaction, which was a requirement of its previous QuickBooks accounting software. And since QuickBooks could not integrate with the company’s back-end claims management system, Snapsheet needed a more efficient way to manage bulk billing. In addition, its finance team spent hours on manual Excel workarounds just to ensure that payments were applied to the correct customer claims and carrier invoices.
Previous business challenges
- Automate complex billing
- Gain actionable insight
Results with Intacct
- Avoided $140,000 in annual headcount costs
- Saved 30 hours/week managing A/R
- Scaled easily with 6X revenue growth