SAN JOSE, Calif. – January 23, 2018 – 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.