SAN JOSE, Calif. – March 23, 2017 – Intacct, the customer satisfaction leader in cloud ERP software, today announced that Patreon, a membership platform that helps artists and content creators earn ongoing revenue directly from their fans, implemented Intacct to manage continued hyper-growth. Intacct provides comprehensive financial and operational insight into the health of Patreon’s business and streamlines its financial processes—delivering a full payback in under three months.
To extend the power of Intacct and drive better forecasting, Patreon recently implemented AppComputing BudgetEngine, a pre-integrated application available on the Intacct Marketplace. Supporting a more formal, efficient budgeting process, the integration between Intacct and BudgetEngine lets the company monitor budget-to-actuals in real-time, manage department forecasting, and drill into specific expenses as needed. Patreon also boosted productivity by connecting Intacct with other best-in-class tools to streamline previously cumbersome workflows like payroll, credit card reconciliations, and cash management.
In a new case study published today, Intacct highlights the results Patreon achieved by switching from QuickBooks to Intacct’s cloud ERP solution to support its rapid expansion. The full Patreon customer profile is now available for download: https://rc.sageintacct.com/customer-case-studies/patreon. Here is a quick overview:
Patreon’s Results with Intacct:
- Cut monthly close in half
- Minimized time spent on data entry and reporting
- Improved forecasting and decision-making
- Software paid for itself in less than three months based on business value alone
Highlighted comments from Alan Federman, head of finance at Patreon:
“We’re still a young company and our business model will likely evolve over time. One of the reasons we went with Intacct initially was because we knew it could support not only all of the capabilities we need today, but also everything we’ll require tomorrow. This very smart decision to adopt best-in-class ERP is the reason I’m able—even as a single-person finance team—to stay ahead of our growth and prepare for possible future expansion overseas.”
“As a small, hyper-growth company, even minor changes we make can be magnified quickly, and speed is always of the essence. That’s why it’s so important that we keep a handle on the impact of each decision, so we’re not running blind as we make essential investments in our growth. Intacct and AppComputing’s integrated solutions foster business agility by giving all of our leaders visibility into Patreon’s financial position at any point in time.”
“BudgetEngine and Intacct have greatly improved our forecasting by providing transparency into the sensitivity of certain costs. For example, if we want to accelerate hiring for five specific positions into an earlier quarter, we can review granular salary and benefit details and see in minutes exactly how different start dates would impact our cash, working capital, etc.”