Press Release

GoGuardian Uses Sage Intacct to Increase Operating Cash Flow by $7 Million

Educational Software Provider Invests in Scalable Growth Strategy and Reduces Close by 80%

Thanks to Sage Intacct, we reduced our monthly close from 31 days to five, while reducing days sales outstanding (DSO) from 59 days to 29 and pulling in an additional seven million dollars in operating cash. These significant improvements allowed the company to invest in headcount for product development, push out fund-raising by eight months, and further develop a reseller channel to reach more schools. By automating our full range of accounting workflows, Sage Intacct helped us scale easily even as our sales doubled.

SAN JOSE, Calif. –  March 8, 2018 – Sage Intacct, the innovation and customer satisfaction leader in cloud financial management solutions, today announced that GoGuardian has used Sage Intacct, a solution available in Sage Business Cloud, to increase financial workflow efficiencies, resulting in a software ROI of more than 800 percent in the first year alone.

GoGuardian, an award-winning cloud-based software suite, provides Chromebook management solutions to help educators maintain control over their school district’s 1:1 technology programs. Serving over four million students and 120,000 educators in all 50 US states since 2014, GoGuardian helps school leaders keep the internet safe and open - empowering students to discover and grow their digital citizenship.

Why Sage Intacct?

As GoGuardian grew to serve more students and educators than ever, their finance team found they could no longer rely on their current solution and a third-party accounting firm to support their rapid growth. GoGuardian brought their accounting solution in house and selected Sage Intacct to streamline financial workflows and enhance real-time visibility into financial and operational metrics.

“We had outgrown Quickbooks and wanted a robust system that could automatically process contracts as purchase orders are received, bill customers, accept payments, post to the general ledger, do revenue recognition, and produce financial reports,” said Elliot Woo, director of accounting at GoGuardian. “After evaluating Oracle NetSuite as well, we found that Sage Intacct’s user interface was superior, along with being more affordable. We were pleased with the software’s Salesforce integration, quick implementation, and helpful training offerings.”

GoGuardian worked with RKL eSolutions to implement Sage Intacct, realizing several significant benefits, including:

Increased cash flow through operational efficiency: By utilizing Sage Intacct to automate its entire order-to-cash process, GoGuardian’s finance team eliminated a 5,000-line contracts and revenue spreadsheet, reduced their monthly close by 80 percent, and pulled in an additional seven million dollars in operating cash.

Heightened investment in scalable growth strategies: GoGuardian utilized their increase in operating resources to invest in headcount for product development, push out fundraising by eight months, and further develop a reseller channel to reach more schools.

Enhanced financial data to inform business decisions: Using the dimensions capabilities within Sage Intacct to track, tag, and add valuable business context to the company’s financial data, GoGuardian’s finance team can provide fast answers and key metrics to company management and outside investors, informing strategic growth decisions.

“Our investors are very happy and confident about our plans because we can be transparent about our financial results on a monthly basis, which results in more productive board meetings,” shared Woo. “Now, we spend more time reviewing financials and analyzing data, and we’re able to instantly answer ad hoc financial questions from anyone.”

For more information on how GoGuardian uses Sage Intacct, view the full case study here.

About Sage

Sage exists to knock down barriers so everyone can thrive, starting with the millions of Small and Mid Sized Businesses served by us, our partners and accountants. Customers trust our finance, HR and payroll software to make work and money flow. By digitizing business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology and experience to tackle digital inequality, economic inequality and the climate crisis.

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