Customer Case Studies

Customer Profile Case Study: Plexxi | 1 With Sage Intacct, we've gained a world-class product in an easy-to-use package without the huge expense of a traditional ERP system like Oracle or SAP. It's a great solution for managing a complex, high-growth business model like ours – providing visibility and process improvements that will help us further accelerate our growth. –Laurie Riedel, VP, Finance & Administration, Plexxi The Need for New Financial So ware to Support Future Growth An emerging star in the rapidly growing so ware-defined networking market, affinity-driven networking provider Plexxi has raised nearly $50 million in venture financing. As the company moved out of its development stage, it was clear that Plexxi's small finance team would no longer be able to keep up with tasks like purchasing, disbursements, and expense classifications using its previous combination of QuickBooks and cumbersome spreadsheets. "We went looking for a financial management system that could scale with us from zero to hundreds of millions of dollars in revenue, and Sage Intacct was the clear choice," said Laurie Riedel, vice president of finance and administration at Plexxi. "Sage Intacct provides comprehensive and easy-to-use accounting functionality, extensive consolidations and reporting capabilities, and the flexibility to integrate with our Salesforce CRM so ware and any other business application we implement down the road." Process Improvements Drive Cost Savings Working with Sage Intacct's implementation team, Plexxi's in-house resources easily configured Sage Intacct's purchasing, cash management, inventory, order entry, expense management, and reporting capabilities to support the company's specific needs. It quickly transitioned all of these complex financial workflows to the system's automated processes, eliminating massive amounts of data entry and minimizing the company's reliance on Excel spreadsheets. "Using Sage Intacct's transaction definitions and approval rules around capital, expense, and inventory procurement, we've dramatically streamlined our purchase-to-pay process," said Kenny Mitchell, Plexxi's controller. "We would have needed an additional full-time person just to keep up with our rapidly growing purchasing volumes if we were still using QuickBooks, but now this disbursement-heavy accounting happens systematically as we receive goods and invoices." The finance team also reduced the amount of time it spent on classifying and entering expense reports from five to just one day per month. And despite a huge increase in the volume of data they were managing, the team was able to keep Plexxi's monthly close process to the five days it achieved when it was a much smaller company. Executive Summary Previous Solution: • QuickBooks Results with Sage Intacct: • Eliminated nearly 200 person-hours of data entry • Improved visibility into financial and operational metrics • Achieved cost savings from delayed finance staffing needs

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