Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Challenges Sage Intacct's Multi-Entity So ware Supports Global Expansion Launched in Canada five years ago, Resson helps customers optimize their crop yield through a predictive analytics platform that uses close proximity imagery to detect canopy coverage, pests, and diseases. The business grew rapidly during its first few years, established a U.S. office in Silicon Valley, and received funding from strategic partners in the food and agriculture industry and well-known venture capital firms. Today, Resson runs its finance, administration, and marketing out of the U.S., with engineering and operations in Canada, which requires a robust global financial management solution. Previously, the company had two different single-user accounting systems—one in Canada and one in the U.S.—and it was challenging to access the data they needed. The finance team had no good way to produce consolidated reports, and was wasting time with a lot of duplicate data entry and copying/pasting into Excel. Dirk Wierema, the director of finance at Resson, said, "We adopted Sage Intacct because we wanted to automate as much manual accounting as possible so we'd be primed to scale without additional headcount. In order to do so, we needed a cloud- based, multi-entity, multi-currency solution that would bring efficiency to reduce the burden of managing our financials, as well as flexibility to meet our future reporting needs. We looked at Microso Dynamics GP as well, but the decision to go with Sage Intacct was a no brainer as soon as we saw our first demo." Solutions Financial Transparency Improves Decision Making and Accountability With the Sage Intacct financial management solution, Resson's executive team can make more timely decisions based on accurate data and predictive analytics, e.g. how to best invest the company's recent venture funding in key verticals or new crops to build its presence and drive growth. Wierema uses the so ware's powerful report writer to generate balance sheets, income statements, and cash flow reports, as well as historical spend analysis and budget forecasts— which enables real-time financial reviews during board and management meetings. Company Overview Resson is a bioinformatics and predictive analytics company that uses large scale data analytics, together with drones and swarm robotics, to help large and small agriculture companies, agricultural service providers and individual growers across three countries boost productivity and profits with near real-time predictive analysis for crop management. Executive Summary Previous So ware: • QuickBooks Results with Sage Intacct: • So ware paid for itself in <5 months • Scaled easily with rapid growth • Data-driven insights improved decision-making and accountability • Saved days of work by streamlining financial processes • Shortened financial close by >50% Sage Intacct's Multi-Entity So ware Supports Global Expansion Resson C A S E S T U D Y

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