Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Challenges Preparing to Scale with Robust Cloud ERP Skytap offers an innovative cloud service for application modernization that helps IT organizations around the world increase their efficiency. One of the Inc. 5000 fastest growing private companies, Skytap has expanded operations to over a dozen locations in the U.S. and U.K. Its finance team initially used QuickBooks so ware, which required a significant amount of manual data entry, as well as cumbersome quarterly budget exercises in Excel. They knew this approach couldn't sustain Skytap's rapid growth trajectory, and decided to upgrade to a more powerful cloud ERP solution. A er considering Financial Force and NetSuite, the finance team decided to implement Sage Intacct in order to meet these needs. Skytap's CFO, Frank Colich, noted, "I knew Sage Intacct would work best for us, because it had made my previous job significantly easier from the first day we rolled it out, to the day we were acquired and had to integrate our data into the parent company's financials." He also pointed out that Sage Intacct's ability to scale gives him confidence the solution will support Skytap's evolving requirements over the long term. "We'll be expanding globally in the future, and it was a no brainer to us that Sage Intacct's audit-ready, multi-entity, multi-currency consolidation capabilities could meet our current needs and still be flexible enough for more complex transactions and issues that will arise as our company grows," he added. Solutions Financial Transparency Fuels Faster Growth A er a quick implementation, Skytap took advantage of Sage Intacct's unique dimension capability, which enables users to tag individual transactions with key operational details. This makes it easy for the company to filter, group, and organize its financial data for deeper analysis. Skytap's finance team now produces more granular reporting for a wide variety of initiatives across the business – such as specific projects, departments, locations, vendors, and more. For example, they used Sage Intacct to help the vice president of IT operations analyze and forecast infrastructure spending – one of the cloud company's biggest cash outlays. A custom report breaks out costs in several useful ways, including Skytap's own data center spending versus outsourced, production-related versus R&D expenses, etc. The IT team can now monitor specific budget-to-actuals amounts for each data center, technology vendor, and type of technology they use. As a result, IT has timely access to accurate information and can make much be er, faster decisions about how to utilize resources around the globe, e.g. by increasing or reducing capacity in certain data centers based on their cost efficiency. Company Overview Skytap is a public cloud provider that extends cloud and DevOps strategies to traditional workloads to help enterprises realize their business goals. The company uniquely supports application modernization with production-ready development, so ware testing, and training environments that work the same way as an on-premises data center. Executive Summary Previous So ware: • QuickBooks Results with Sage Intacct: • Gained visibility for faster, be er decision-making • Shortened monthly close by 17 days • Avoided $300,000 in annual headcount costs • So ware paid for itself in <3 months Preparing to Scale with Robust Cloud ERP Skytap C A S E S T U D Y

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