Press Release

SevOne Turns to Intacct’s Cloud Financial Applications to Support Global Expansion

Fast-Growing Software Company Saves $50,000 Per Year and Cuts Monthly Close Time in Half with Intacct

SevOne logo

SAN JOSE, Calif. – April 17, 2013 – Intacct, a leader in cloud financial management and accounting software, today announced SevOne moved from QuickBooks to Intacct to automate financial processes, ensure vendor-specific objective evidence (VSOE) compliance, and gain real-time visibility into key financial metrics. Intacct’s sophisticated multi-entity system minimizes duplicate data entry in SevOne’s consolidations, revenue recognition, and financial close processes, and delivers a thorough picture of the company’s financial performance anytime, anywhere. With Intacct, SevOne saves $50,000 annually in finance salary costs, completes its global consolidations two days faster each quarter, and closes its monthly books in half the time.

In a new client case study published today, Intacct highlights the results SevOne achieved by switching to Intacct’s cloud financial applications. Here is a quick overview of the profile:

Previous Business Challenges Faced by SevOne:

  • Fast-growing software company needed a full-featured financial management and accounting system to streamline processes
  • Required multi-entity, multi-currency capabilities to support global business expansion
  • Wanted a user-friendly and remotely accessible solution that could minimize reliance on Excel
  • Needed to maintain VSOE compliance for deferred revenue recognition

Results with Intacct:

  • Cloud financial management solution modernized and streamlined financial processes, saving $50,000 annually by reducing finance staffing needs
  • Sped global consolidations by over two days, and cut monthly close by half
  • Flexible, real-time reporting provides greater insight into financial operations across departments, from any location
  • Templates and recurring journal entries ease complex revenue management while increasing data accuracy

Highlighted Comments from Gina Keller, Director of Accounting at SevOne:

“Intacct’s multi-entity architecture makes consolidations a breeze for us. Intacct’s comprehensive automation also lets us work much faster, so we’ve avoided hiring additional headcount on our finance team, saving the company $50,000 every year.”

“We love that Intacct offers us a full set of financials for our multi-entity structure, with remote access for our executives and auditors, as well as a very intuitive interface. Because Intacct can plug into any other business application we choose down the road, we know it will support our evolving business needs without locking us into one vendor for all our systems.”

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 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 [@]
Twitter: @PeterOlsonPR

Brittany Benson

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


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