The Intacct Customer Success Awards recognize organizations that have used Intacct to dramatically improve business and financial operations, as well as their bottom lines. As a group, these companies saved hundreds of thousands of dollars, fine-tuned key business processes, and significantly enhanced financial visibility using Intacct cloud financial management and accounting applications. The award winners are selected each year from among thousands of fast-growing small and midsize businesses worldwide, following a thorough evaluation of each candidate’s business use-case.
A software company for the global property and casualty insurance industry, Guidewire Software moved to Intacct in 2006. Using Intacct, Guidewire has reduced its consolidations process from two to four days to less than ten minutes per month. Guidewire also gained insight and visibility into their financial performance, allowing the company to improve the accuracy and frequency of its revenue forecasts. With Intacct’s order management capabilities, Guidewire revolutionized its invoicing process, resulting in automation of multi-year contract invoice tracking and revenue recognition. The greatest gain for Guidewire, however, was its ability to provide timely and detailed data for SEC reporting to investors and bankers during and after its IPO process. If Guidewire had not used Intacct during its IPO, the finance team estimates they would have needed a 40% larger staff to execute the necessary SEC reporting requirements.
Renal Ventures Management
A leading provider of dialysis services, Renal Ventures has nearly doubled in size since implementing Intacct in 2009. Even with this strong growth, using Intacct has enabled the finance department to be more productive and efficient, growing the core accounting team by only one person over that time period. For example, Renal Ventures automated its consolidations and eliminated its use of Excel, reducing processing time by 25% while also improving data accuracy and freeing finance managers to work on more strategic projects. Renal Venture also took advantage of Intacct’s robust reporting features to track key performance indicators that blend business and financial data, helping executives make more informed decisions using metrics like revenue per treatment, supply costs per treatment, and labor hours per treatment.
A mobile workforce management software company, TOA Technologies has grown 300% since graduating from QuickBooks to Intacct in 2008. The company adjusted to its rapid pace of growth by using Intacct to automate various financial workflows and transaction processing. TOA accountants now process more transactions and empower executives around the globe with timely information. Intacct has also helped TOA more accurately calculate cost of goods sold to determine customer and project profitability. Based on an independent return on investment (ROI) analysis from Nucleus Research, TOA recovered the cost of its initial Intacct investment after just 2.5 months, and the company is generating an average annual benefit from Intacct of more than $300,000.