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Customer Profile Case Study: Evariant | 1 Executive Summary Previous Solution: • QuickBooks Results with Sage Intacct: • Saved $75,000 annually in auditing and consulting costs • Reduced monthly close by 4 weeks • Shaved 20 days off DSO • Cut hours of duplicate data entry each week We needed a system that would take our financial operations to the next level, while plugging easily into other best-of- breed applications. My favorite things about Sage Intacct are its flexibility and scalability – I know this financial platform can grow with us. –James Orsillo, CFO, Evariant In Search of Flexibility to Support Future Growth A leading so ware-as-a-service (SaaS) company serving the healthcare provider market, Evariant was founded in 2008 and has grown headcount and topline revenue at rates exceeding 75% for several years. As a young business running on multiple instances of QuickBooks, its finance team was unable to do robust department-level reporting or bring together offline processes and financial statements into one unified system. The company needed to transition from an Excel-based revenue recognition system to one that could support complex revenue management as the business grew. Because QuickBooks was not integrated with the company's Salesforce CRM system, Evariant's finance team spent hours every week manually re-entering sales orders from Salesforce into QuickBooks. "Sage Intacct was the clear choice for us over NetSuite, Microso Dynamics and QuickBooks. It delivered far superior time-to-value, flexibility to integrate with our application ecosystem, and time-saving revenue recognition capabilities," said James Orsillo, chief financial officer at Evariant. Gaining Sophisticated Revenue Management With Sage Intacct, the company benefits from having best-in-class accounting applications, along with a workflow management system for be er process compliance. As a result, Evariant has taken its monthly financial close from six weeks down to fi een days. By integrating Sage Intacct with Salesforce, Evariant has also streamlined its entire order-to-cash process. The company migrated its Excel-based revenue recognition models to Sage Intacct, which now powers one unified, automated revenue management process from the time sales orders are first created, through ongoing billing, forecasting and renewals. By improving its accounts receivables practices, Evariant cut twenty days off its days sales outstanding (DSO). The business also saves a lot of time in its purchase-to-pay process because of Sage Intacct's intuitive approval flow and ability to a ach supporting documents. These streamlined, embedded processes easily comply with auditors' requirements for complete transparency. "By implementing Sage Intacct's sophisticated workflows and audit-quality controls, we're saving around $75,000 each year from reduced auditing and consulting costs," noted Orsillo.

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