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SAN JOSE, Calif. – Dec. 18, 2014 – In front of a record-breaking audience at the recent Intacct Advantage 2014 customer and partner conference in Orlando, Intacct announced the winners of its 2014 Customer Success Awards. During a customer-focused keynote session, Intacct CEO Robert Reid presented this year’s awards to several companies including Ten-X and Borderfree (Nasdaq: BRDR). These award winners have streamlined financial processes, increased business insights, managed rapid expansion, and saved tens of thousands of dollars in reduced financial staffing needs using Intacct cloud financial management and accounting software.
The Intacct Customer Success Awards recognize organizations that have used Intacct to dramatically improve business and financial operations, as well as their bottom lines. The award winners were selected from among the thousands of fast-growing midsize businesses worldwide that use Intacct, following a thorough evaluation of each candidate’s business use-case. Here is a closer look at these companies:
Ten-X is the nation’s leading online real estate marketplace, having sold more than $26 billion in residential and commercial assets. Over the past few years, the company has grown to more than 900 employees and completed 100,000 residential and commercial property sales nationwide. In February 2013, Ten-X made the decision to switch from Sage to Intacct to streamline finance processes and gain greater visibility into their business.
The move to Intacct has enabled Ten-X to scale accounting functions and reporting with increased volumes, without the need to expand its finance team at a similar rate. Intacct has also helped provide Ten-X with expedited financial information to assist management in decision making—providing consolidated results in real time for analysis purposes. This enables their accounting group to be more involved with analysis of information and not just producing numbers on reports. This has assisted with more timely in-depth reviews with the operational groups leading to decision that have positively impacted expense control.
Additional benefits achieved with Intacct include:
Borderfree (Nasdaq: BRDR) is a leader in international cross-border ecommerce services, operating a proprietary technology and services platform that enables retailers and brands to easily market and sell to consumers in every corner of the globe. Borderfree processes millions of dollars in international sales volume for its customers and has expanded its customer base to include over 160 retail and brand ecommerce sites. In March of this year, just three months after going live on Intacct, Borderfree celebrated one of the most important milestones in the lifecycle of any company: the successful completion of its initial public offering.
Borderfree is constantly taking action to optimize the consumer experience and adding carriers, payment methods, and other supportive services on a regular basis. Intacct provides Borderfree with the ability to analyze the effectiveness of these initiatives and steer the course of change to provide value and effectiveness to both the consumer and merchant.
Other benefits achieved by moving to Intacct include:
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.