SAN JOSE, Calif., Jan. 23, 2018 (GLOBE NEWSWIRE) -- Sage Intacct, the innovation and customer satisfaction leader in cloud financial management solutions, today announced that Quaero, a software-as-a-service Customer Data Platform (CDP) provider, selected Sage Intacct for more nimble financial processes. By adopting Sage Intacct, Quaero is enabled to track costs and income at a granular level. In addition, Quaero shortened its financial close to a single day since automating all of its accounting workflows.
Why Sage Intacct?
Quaero has undergone a number of business transformational changes since its founding in 1999. Using the previous system, the company’s finance team was burdened with significant manual reporting. With Sage Intacct, the finance team has benefited from a more automated and robust approval workflow that provides organizational efficiencies with repeatable day-to-day and monthly financial processes.
“We wanted an ERP system with flexible reporting and the ability to manage our project costing needs,” said Quaero CFO Robert Bales. “Sage Intacct was exactly what we were looking for – all the accounting bells and whistles, in the most intuitive, holistic, and scalable cloud solution on the market.”
Since moving from Oracle to Sage Intacct, Quaero has realized significant benefits including:
Gaining Flexibility to Manage Business Transition: Quaero can easily configure the software to support precise time keeping, expense reporting, accounts payable, accounts receivable, and general ledger needs and start invoicing in less than four weeks.
Financial and Operational Transparency: Quaero’s project managers have gained real-time insight into project profitability and delivery margins. They can track costs at a granular level, drill down into details as needed, and make better estimates and decisions.
Productivity and Accuracy: By automating all month-end journal entries and cutting nearly a full day of accounting work, the finance team reduced its monthly close from seven days to one. The efficiencies provided by Sage Intacct led to a cost savings of $50,000 per year in labor costs.
“Now that we’ve been able to automate so many processes in Sage Intacct, I can spend less time on the nuts and bolts of finance and more time overseeing other key responsibilities, like legal, IT, and HR," said Robert Bales. “More importantly, we now enjoy timely, trusted financial and operational information that has a direct impact on how we run the business.”
For more detail see the Quaero case study on the Sage Intacct website.
About Sage Intacct
Sage Intacct is the innovation and customer satisfaction leader in cloud Financial Management. With the powerful combination of Sage and Intacct, the Sage Business Cloud offers the best capabilities of both companies. Bringing cloud computing to finance and accounting, Sage Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by organizations from startups to public companies, Sage Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Sage Intacct to their clients. The Sage Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered through the cloud.
Sage Intacct is based in San Jose, California and an entity of Sage, the market and technology leader for integrated accounting, payroll and payment systems, supporting the ambition of entrepreneurs and business builders and a FTSE 100 business. For more information on Sage Intacct, please visit www.sageintacct.com or call 877-437-7765. Connect with Sage Intacct on LinkedIn, Facebook, Twitter, Instagram, and YouTube.
About Sage
Sage (FTSE:SGE) is the global market leader for technology that helps businesses of all sizes manage everything from money to people – whether they’re a start-up, scale-up or enterprise. We do this through Sage Business Cloud - the one and only business management solution that customers will ever need, comprising Accounting, Financials, Enterprise Management, People & Payroll and Payments & Banking.
Our mission is to free business builders from the burden of admin, so they can spend more time doing what they love – and we do that every day for three million customers across 23 countries, through our 13000 colleagues and a network of accountants and partners. We are committed to doing business the right way, and giving back to our communities through Sage Foundation.
Find out more at www.sage.com/en-us.
Sage Intacct, Intacct and the Sage Intacct and Intacct logos are trademarks or registered trademarks of Sage Intacct, Inc. and/or its affiliates. Other company and product names mentioned herein may be trademarks of their respective owners. The use of the word “partner” does not imply the existence of a legal partnership relationship.
Press Contact:
Brittany Benson
bbenson@intacct.com
Sage Intacct
408-620-3928
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