Customer Case Studies

Vera Whole Health


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© 2019 Sage Intacct, Inc. All rights reserved. 877-437-7765 Company Overview Vera Whole Health is a national leader in advanced primary care via work-site care centers. Its model is uniquely designed to help people achieve optimum social, psychological and physical well- being – an outcome that's neither probable nor affordable within the current sick-care system. Vera is the first work-site care center in the United States to earn a Certificate of Validation by the Validation Institute for sound population health cost outcomes. Executive Summary Previous So ware: • Intuit QuickBooks Results with Sage Intacct: • Scaled financial processes during a period of rapid growth • Maintained gross margin targets while expanding to new business models • Increased finance team efficiency by 25% and reduced audit risk • Slashed project and departmental reporting from 10 days to 10 minutes Challenges Best-in-Class Financials Support 2X Growth Founded just over a decade ago, Vera Whole Health operates work-site care centers for employ- ers and insurers in 8 states. In recent years, rapid growth increased the organization's complexity, requiring more sophisticated financial management. Brian Goldrick, Vera's Director of Accounting, noted, "QuickBooks was not well-suited for an organization that had doubled its operations year over year for the last three years. We needed a system that could more easily manage our transac- tion volumes and automate manual data entry, while providing be er internal controls." Vera started on its journey to transform finance by replacing spreadsheet-based budgeting and forecasting with Adaptive Insights. Next, the team went in search of another best-in-class system that could provide a hub for their entire financial environment, with spokes out to specialized tools like ADP for payroll, Concur for expenses, and Salesforce for CRM, along with any applications Vera adopts in the future. A er selecting and deploying Sage Intacct as this foundation, Vera's finance team was able to effortlessly support the company's 2X growth, while increasing their productivity and rapidly delivering profit-driving visibility for the business. Solutions Multi-Entity Financial Solution Drives 25% Efficiency Gain and 70% Faster Close The team implemented Sage Intacct across all three legal entities, revamped Vera's chart of accounts, and connected the system with Adaptive Insights. This modernized budgeting and ac- counts payables processes – enabling a 70% faster financial close and improving overall account- ing efficiency by 25%. Goldrick shared, "We made the right choice in picking Sage Intacct's robust capabilities over its top competitors. We especially like that it connects to our other systems, streamlines our financial processes, provides flexible reporting, and reduces our audit risk with segregation of duties." Vera also uses Sage Intacct's project accounting so ware to handle costing, expenses, and billing across 70 projects that span multiple departments at any given time. Thanks to Sage Intacct's dimensions capability and seamless integration with Adaptive Insights, the accounting team easily conducts budget versus actuals analysis on any project or department. "In minutes, we can provide real-time information on how each department is doing with their budget or how a new Care Centers Accelerate Time-to-Insight by 10X to Help Reinvent Healthcare Vera Whole Health C A S E S T U D Y

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