SAN JOSE, Calif. – Feb. 6, 2017 – Intacct
, the customer satisfaction leader in cloud ERP software, today announced that Yardstick, Canada’s leader in online training and testing, selected Intacct to automate a wide range of financial processes and ensure better-informed decisions in support of its continued expansion. By using Intacct to streamline data entry and other accounting tasks, the company cut its financial close in half and gained powerful operational insights into revenue-generating activities, all while dramatically freeing up finance team capacity.
Yardstick was recently named the 11th fastest growing company in the province of Alberta. In a new case study published today, Intacct highlights the results Yardstick achieved by switching to Intacct’s cloud ERP applications to support their rapid expansion.
Yardstick’ Results with Intacct:
- Avoided $100,000 in annual headcount costs
- Halved monthly financial close
- Gained visibility for better decision-making
- Software paid for itself in 4 months
Highlighted comments from Salma Kaida, project accountant at Yardstick:
“It had become painfully clear that we’d outgrown QuickBooks. We wanted a system that would grow with us – through powerful automation, a multi-entity architecture, and web services APIs. After narrowing our choices down to FinancialForce and Intacct, we were confident that Intacct would best meet our particular needs, especially seamless integration with Salesforce and our proprietary e-commerce system.”
“With Intacct, our financial close was cut in half, and that extra time is huge for us because we’re a small team. We’re savings five days of work for four people, which gives us back 20 days of work each month that we can put into more strategic activities.”
“If we hadn’t adopted Intacct’s cloud-based ERP software, we would’ve needed to grow our team by at least a couple full-time employees, at annual cost of around $100,000 each year. Since making the switch, we have created more capacity for value-added work and our small team even managed to absorb a huge acquisition without hiring any more accountants.”
“Since adopting Intacct, we’ve had a major shift in terms of how we think of ourselves as a finance department. Historically we were like a vault – a trustworthy, reliable keeper of the record, but our role has evolved to being stewards of accurate data that informs the right business decisions. We’re putting more timely information into the hands of managers, and supporting activities that actually generate revenue.”