Customer Case Studies

Customer Profile Case Study: Energy Water Solutions | 1 Executive Summary Results with Sage Intacct: • Easily scaled business processes with minimal staff • Gained valuable budget and profitability insight for decision-making • So ware paid for itself in <7 months The best thing about working with Sage Intacct and AcctTwo is that they are laser-focused on their core competencies of delivering the very best financial management solutions. Because of this, we can rest assured that EWS' accounting is well taken care of, and redirect time and money towards optimizing the equipment that drives revenue for our business. –Bill Weathersby, Chairman and CEO of Energy Water Solutions Flexible ERP Scales with Market Fluctuations With an aggressive vision to treat the world's produced water and make it an incremental source for energy and agriculture, Energy Water Solutions (EWS) helps oil and gas producers lower costs, while ensuring good environmental stewardship. As the price of oil has fluctuated dramatically in recent years, so has the water management firm's business. Fortunately, EWS made the smart decision at its inception to outsource all back-office functions in order to minimize overhead and stay focused on its core competency. "From the very beginning, we wanted to conserve as much capital as possible for building our water recycling equipment, as opposed to spending it on operating expenses like establishing a data center with server infrastructure, or hiring a bunch of IT and finance staff," said Bill Weathersby, chairman and CEO of EWS. "At the same time, we knew that we'd be raising a lot of money quickly, so we needed experienced finance resources and a scalable, turnkey ERP solution that could grow with us over the long term. The combination of our trusted finance outsourcing partner, AcctTwo, and Sage Intacct's flexible, cloud-based ERP so ware has proven to be a perfect fit for our company." Automated, Outsourced Processes Ensure Business Agility AcctTwo recommended Sage Intacct's robust ERP solution, and helped EWS get its key financial workflows automated on the system – including accounts payable, accounts receivable, cash reconciliation, book-to- bill, purchasing, capital allocation, depreciation amortization, expense management, and the monthly financial close. By establishing these modern, efficient processes, the company was able to weather major market changes without laying off or adding back any back-office staff. Instead, EWS simply dialed up or down AcctTwo's workload as needed. Weathersby noted that the company's day-to-day accounting transactions kept running just as smoothly when the business downsized as oil prices dropped to $30 per barrel, and later started growing again. He a ributes this to the team's forward-thinking approach to implementing

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