Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Company Overview i3 Verticals (NASDAQ: IIIV) is a technology and integrated payments provider for a range of industry verticals throughout the United States. The company processed approximately $11.3 billion in total payment volume over the last year and completed its initial public oering in June 2018. Executive Summary Previous Soware: • Intuit QuickBooks Results with Sage Intacct: • Scaled eortlessly with a CAGR of 53.4% since 2014 • Increased nance team eciency by 16X, while preparing for IPO • Shortened nancial close cycle by 45% Challenges Preparing for Massive Scale with a Multi-Entity Financial System Back in 2012, i3 Verticals recognized a huge market opportunity in the convergence of soware and payments. Since then, the payments provider has gained rapid adoption amongst small and mid-sized businesses, as well as strategic verticals. Aer primarily outsourcing its back-oce in the early years, i3 Verticals hired new nance leaders, who built out a corporate team and established critical processes to support the business' highly acquisitive model. Sco Meriwether, i3 Verticals' senior vice president of nance, shared, "As we prepared for mas- sive scale, we needed a SaaS-based, multi-entity general ledger system we could grow into. Our requirements were to get everything onto a unied chart of accounts, gain the ability to easily add entities as we completed acquisitions, and ensure we'd be ready for SEC-compliant reporting when the time came to go public." The team looked at Microso Great Plains and Oracle NetSuite, but felt Sage Intacct's exibility and intuitive interface made it the ideal nancial system of record for i3 Verticals. Solutions Managing Rapid Revenue Growth with Minimal Overhead In the years since deploying Sage Intacct, i3 Verticals has acquired over 20 companies, grown at a compound annual growth rate of over 50 percent to $300 million in revenues, and completed a successful initial public oering – all with only eight accountants. With Sage Intacct's powerful automation and improved data accuracy, the nance team cut their typical monthly close cycle by 45 percent, and met their rst 10-Q SEC ling deadline with ve days to spare. i3 Verticals can now integrate new acquisitions into its core nancial operations without delay. "Acquisitions are a big part of our DNA, and we tend to move very quickly as an organization. With Sage Intacct, we can take over a company's nance function on day one of an acquisition closing, and have their nancials consolidated into our next month's close. We just spin up a new entity in the system, show their sta accountants the application's easy-to-use workows, and have them start making entries immediately," said Meriwether. Public Company Manages Dramatic Growth with Sage Intacct i3 Verticals C A S E S T U D Y

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