Press Release

Evariant Deploys Intacct’s Best-in-Class Cloud Financial Management System to Improve Business Operations

Fast-Growing SaaS Company Gains Sophisticated Revenue Recognition and Intuitive Reporting and Dashboards

Evariant Logo
By implementing Intacct’s sophisticated workflows and audit-quality controls, we’re saving around $75,000 each year from reduced auditing and consulting costs.

SAN JOSE, Calif. – March 25, 2015 – Intacct, a leader in cloud financial management and accounting software, today announced that Evariant, one of the fastest-growing SaaS companies in the healthcare provider market, replaced QuickBooks with Intacct for more robust reporting, revenue recognition, and financial controls. With Intacct, Evariant has streamlined its order-to-cash, purchase-to-pay, and monthly financial close processes, while benefitting from greater visibility through multi-dimensional dashboards for specific executives and departments.

In a new case study published today, Intacct highlights the results Evariant achieved by switching to Intacct’s cloud financial applications. The full case study is available for download at: http://us.intacct.com/customer-success-stories/evariant. Here is a quick overview of the profile:

Previous Business Challenges Faced by Evariant:

  • Required a flexible financial management solution to streamline revenue recognition
  • Wanted to automate time-consuming manual processes and minimize Excel workarounds
  • Needed to integrate financial management with existing Salesforce CRM
  • Looking for departmental reporting and dashboard capabilities for greater visibility into dynamic operations

Results with Intacct:

  • Best-in-class system automated revenue recognition and other financial processes
  • Saved $75,000 annually from reduced auditing and consulting costs, thanks to improved financial controls
  • Reduced monthly close by four weeks and shaved 20 days off DSO, while saving hours of duplicate data entry each week 
  • Gained ability to easily track, manage, and report on profitability and other financial trends across departments and projects

Highlighted Comments from James Orsillo, chief financial officer at Evariant:

“We are firm believers in the cloud and knew we needed a system that would take our financial operations to the next level, while plugging easily into other best-of-breed applications. Intacct was the clear choice for us over NetSuite, Microsoft Dynamics and QuickBooks, because it delivered far superior time-to-value, flexibility to integrate with our application ecosystem, and time-saving revenue recognition capabilities.”

“By implementing Intacct’s sophisticated workflows and audit-quality controls, we’re saving around $75,000 each year from reduced auditing and consulting costs.”

“My favorite things about Intacct are its flexibility and scalability – I know this financial platform can grow with us. As we continue to expand our business and evolve our unique ecosystem of applications over time, I’m confident that Intacct will be adaptable enough to integrate with any tools that become relevant for us down the line, such as new systems for enterprise performance management or human resources.”

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 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.intacct.com or call 877-437-7765. Connect with Sage Intacct on LinkedIn, Facebook, Twitter, Instagram, and YouTube.

Media contacts

Peter Olson

Phone: 408-878-0951
Email: polson [@] intacct.com
Twitter: @Intacct_Peter

Brittany Benson

Phone: 408-620-3938
Email: bbenson [@] intacct.com
Twitter: @brittanybbenson

Finn Partners

Phone: 415-905-4000
Email: intacctteam [@] finnpartners.com
Twitter: @finnpartners