Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Company Overview Jobvite is leading the next wave of recruitment innovation with Continuous Candidate Engagement (CCE), a candidate-centric recruiting model that helps companies engage candidates with meaningful experiences at the right time, in the right way, from rst look to rst day. Focused exclusively on recruiting soware since 2006 and headquartered in San Mateo, Jobvite has thousands of customers including LinkedIn, Schneider Electric, Premise Health, Zappos. com, and Blizzard Entertainment. sandalschurch.com. Executive Summary Previous Soware: • Intuit QuickBooks Results with Sage Intacct: • Increasing billing 5% via beer visibility into renewals • Speeding quote-to-bill cycle by 30% • Improving gross margin 1% • Increasing nance team eciency by 25%, while reducing reporting errors and audit risk • Scaling back oce easily despite 2X company growth Challenges Scaling with 2X Revenues Despite Increasing Complexities Jobvite, an industry leader in best-of-breed recruiting soware, is growing rapidly as it drives forward the next wave of recruitment innovation. Five years ago, the company's nance team made the smart decision to upgrade its accounting soware from Intuit QuickBooks to Sage Intacct in preparation for this growth. Recently, the company started an up-market shi towards mid-sized and enterprise customers. As a result of transitioning beyond small and medium businesses – as well as Jobvite's global expan- sion to India and China – the team's revenue recognition, multi-currency, and multi-entity needs all became quite a bit more complex. Given these challenges, they decided to extend their use of Sage Intacct to include the system's advanced features for subscription billing, revenue manage- ment and global consolidations. Solutions Multi-Currency Contract Management Speeds Billing Cycle 30% Once Jobvite's new entities and contracts were up and running on Sage Intacct, the nance team slashed the monthly close time in half, began producing GAAP nancials on a regular monthly ca- dence, and increased productivity by around 25 percent. Most notably, they accelerated the billing cycle by around 30 percent. "Sage Intacct's subscription billing capabilities save us lots of time that we used to spend manually tracking renewals, managing complex billing terms, and doing currency conversions for customer invoices," shared Lisa Schulz, Jobvite's corporate controller. "Now we're more accurately and consistently invoicing our customers all over the world in their local curren- cies and we have beer visibility into renewals, which is boosting our overall billing around ve percent." Jobvite's revenue recognition processes are greatly streamlined in Sage Intacct, enabling compli- ance with the new ASC 606 revenue recognition guidelines as well as dual book reporting for man- agement and other stakeholders. In addition, the system's multi-entity, multi-currency functionality makes the company's global consolidations a breeze. Finally, Jobvite is integrating Sage Intacct with best-of-breed apps like YayPay for predictive accounts receivables and Coupa for accounts payables and expense management. Transforming a Business with Financial Insight & Automation Jobvite C A S E S T U D Y

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