Customer Case Studies

Customer Profile Case Study: VelocityEHS | 1 Executive Summary Previous Solution: • QuickBooks Results with Sage Intacct: • So ware paid for itself in ~3 months • Financial automation saved 3+ weeks/month of manual work • Avoided $160,000 in annual headcount costs • Scaled easily with company's 30% growth The strong efficiencies and visibility we gain with Sage Intacct easily recoup the cost of the so ware in just over three months every year. In particular, we've implemented powerful automation for revenue recognition, collections, and payment entries that have freed up three full-time accounting employees – at an annual savings of around $160,000. –Heather Norum, Director of Accounting VelocityEHS Robust, Cloud-Based ERP Supports Ongoing Growth A er a series of multi-national acquisitions, the combined businesses that make up VelocityEHS have become the leading provider of cloud environment, health, safety (EHS), and sustainability so ware. An Actua (Nasdaq: ACTA) company, VelocityEHS continues to grow rapidly and is held to the high reporting and compliance standards of a publicly held business. Given this environment, it became more challenging to continue running the business on QuickBooks, and the organization's finance team went in search of full-featured financial management so ware. "We recognized that we needed a robust, cloud-based ERP solution to effectively handle the exponential growth of our customer base and transaction volume," said Heather Norum, director of accounting at VelocityEHS. "Having previous experience with NetSuite, my CFO and I considered that option, but in the end selected Sage Intacct for its more flexible dimension-based reporting, as well as its ability to greatly improve our revenue recognition and seamlessly handle multiple foreign currencies." Automated Revenue Recognition & Consolidations Boost Productivity By implementing Sage Intacct, VelocityEHS completely modernized its tedious revenue recognition process. Rather than spending a full day working through revenue calculations in a 20,000-line, error-prone spreadsheet at the end of each month, everything is streamlined in Sage Intacct. As a result, the company has full visibility into each step of its order-to-cash process, and has sped its monthly close by three days. VelocityEHS easily plugged its homegrown order management system into Sage Intacct using a simple application programming interface (API). Now, all sales orders are pushed to the financial system, which saves around two weeks of person-hours per month that had been spent keying in order a er order – no small task for a company with around 1,500 new transactions every month. The Sage Intacct Collections modules also automates dunning le ers to shorten the cash cycle and avoid at least

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