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SAN JOSE, Calif. – April 17, 2013 – Intacct, a leader in cloud financial management and accounting software, today announced SevOne 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.
In a new client case study published today, Intacct highlights the results SevOne achieved by switching to Intacct’s cloud financial applications. Here is a quick overview of the profile:
Previous Business Challenges Faced by SevOne:
Results with Intacct:
Highlighted Comments from Gina Keller, Director of Accounting at SevOne:
“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.”
“We love that Intacct offers us a full set of financials for our multi-entity structure, with remote access for our executives and auditors, as well as a very intuitive interface. Because Intacct can plug into any other business application we choose down the road, we know it will support our evolving business needs without locking us into one vendor for all our systems.”
Intacct is the innovation and customer satisfaction leader in cloud ERP software. Bringing cloud computing to finance and accounting, Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 11,000 organizations from startups to public companies, Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.