Customer Case Studies

Customer Profile Case Study: Certus Energy Solutions | 1 Executive Summary Previous Solution: • QuickBooks Results with Sage Intacct: • Gained granular insight into department and location performance • Cut financial close by 1/3 • Saved 70+ hours/month on A/P and reporting • Avoided $400,000 in annual headcount costs • So ware paid for itself in <2 months Sage Intacct and Adaptive Insights help us make be er, more accurate business decisions by enabling us to drill down to find out where we're profitable and where we're not—and make adjustments quickly. For instance, we're improving budgeting decisions by monitoring spending at a detailed level, and can even pull up future P&L views to analyze the potential impact of mergers or acquisitions we're considering. –Eric Williamson, CFO, Certus Energy Solutions Moving to the Cloud for Powerful Reporting Certus Energy Solutions was launched in 2013 to provide drill tubing rentals and inspection services to the oilfield industry. A er an initial period of growth, the oil and gas downturn hit, and the company's finance team started receiving more complex reporting requests from their private equity firm. As Certus' financial package evolved, the team spent more and more time pulling data from QuickBooks and manipulating it in a 75-tab, error-prone Excel spreadsheet. Eventually, it was clear they needed a be er financial management solution in order to continue meeting investor expectations. A er considering various options, Certus chose Sage Intacct's cloud financial management so ware and worked with Sage Intacct consulting partner, BTerrell Group, to configure the system to its needs and establish financial best practices. BTerrell integrated Sage Intacct with specialized tools like Uplevl for accounts payable automation and Adaptive Insights for budgeting and planning. "We couldn't be happier with our decision to adopt Sage Intacct, because it offers robust reporting capabilities, and the folks at BTerrell have been extremely helpful and knowledgeable," noted Eric Williamson, CFO of Certus Energy Solutions. "Our small finance team has already gained incredible efficiencies and we appreciate the convenience of Sage Intacct's easy access to timely financial insight in the cloud." Slicing and Dicing Financials to Inform Decision-Making Sage Intacct's dimensions capability provides a flexible financial foundation that helps Certus track and report on both financial and operational data, while simplifying the company's chart of accounts. Rather than working around a rigid structure of classes and levels in QuickBooks, the team simply "tags" transactions in Sage Intacct with values like department, location, customer, or vendor. This agile approach adds business context to the company's data and makes it easy to get fast answers on a wide range of topics. Regarding this granular visibility, Williamson shared, "Our locations and departments are the lifeblood of our business, and we use Sage Intacct's dimensions to dissect our P&L 32 different ways – such as by different types of rental equipment or inspection services. We can slice and dice

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