LAS VEGAS, Nov. 12, 2015 /PRNewswire/ -- Intacct Advantage 2015 -- In front of a record-breaking audience at the 2015 Intacct Advantage customer and partner conference, Intacct today announced the winners of its 2015 Customer Success Awards. During a keynote session focused on accelerating customer success, Intacct CEO Robert Reid presented this year's awards to four deserving companies: DonorsChoose.org, Marketo, Solutionreach, and System One. These award winners have eliminated hundreds of hours of manual processes, increased business insights, managed rapid expansion, and saved hundreds of thousands of dollars in reduced financial staffing needs using Intacct's best-in-class cloud ERP 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. Intacct received a record number of submissions for the awards this year, and narrowed the nominees down to 12 finalists. The four award winners were selected following a thorough evaluation of each candidate's business impact. Here is a closer look at these companies and their results with Intacct:
DonorsChoose.org is an online charity that makes it easy for anyone to help students in need. Founded in 2000, teachers at 68 percent of all the public schools in America have now created at least one project request on DonorsChoose.org, and close to two million people have donated more than $370 million to fund more than 630,000 projects. In 2013, Donorschoose.org made the switch from Blackbaud to Intacct's cloud ERP software to help streamline processes, gain alignment between their partnership and finance teams, and increase visibility into their operations.
One of the biggest struggles DonorsChoose.org had before moving to Intacct was revenue recognition for their corporate grants. Their previous financial system was not integrated with Salesforce.com—so finance had no visibility into when grants were received by their partner team. Since moving to Intacct, they've been able to significantly streamline this process by connecting Intacct and Salesforce to eliminate duplicate data entry and gain complete visibility into the grant lifecycle in a timely and accurate basis.
Additional benefits achieved with Intacct include:
- Transformed accounts payable process by reducing the time from five to eight hours per week, to just one hour—an improvement of over 500%
- Eliminated manual check-writing with the Intacct Check Delivery Service powered by American Express, saving 10 hours of work each month
- Leveraging Intacct dashboards to increase visibility into financial and operational metrics, improving decision making to support and grow their mission
Marketo is the leading provider of engagement marketing software and solutions. The company moved from QuickBooks to Intacct in 2011 and completed a successful IPO in 2013. Marketo has grown significantly in that time, with revenues increasing from $14 million in 2011 to an estimated run rate of more than $200 million this year. Marketo uses Intacct as the financial hub of an integrated best-in-class system that also includes leading solutions such as Salesforce, Workday, Coupa, Nexonia, and Host Analytics, among others.
Prior to Intacct, Marketo was struggling with a lack of internal controls on their financial system, unwieldy workflows, and manual revenue recognition and close processes. Intacct has enabled Marketo to streamline processes and eliminate manual data re-entry. This has enabled them to grow the business without adding finance staff at the same pace—saving significant headcount costs and allowing them to focus employees on more value-added tasks.
Additional benefits from Intacct include:
- Integration between Intacct, Salesforce, and multiple other systems eliminates duplicate data entry, improves the quality of information, and speeds financial processes
- Able to complete monthly close process faster
- Gained better visibility into key financial metrics to improve decision making to support their growth initiatives
Solutionreach offers cloud-based solutions for total patient engagement, serving health care providers such as dentists, physicians, and optometrists. The company has grown revenues 50 percent consistently over the past several years, and as this growth accelerated, its finance team needed a modern financial system. They moved from QuickBooks to Intacct's cloud ERP software to more efficiently handle the company's exploding B2B subscriptions revenue model, while providing greater visibility into business performance.
Solutionreach was able to establish a highly-efficient subscription lifecycle management process that has more than kept pace with its thirty-fold increase in monthly subscription volumes. Using Intacct's revenue recognition capabilities and Intacct Subscription Billing, along with other best-in-class applications like Salesforce CRM, Solutionreach was able to streamline its subscription lifecycle management process. Intacct also provides increased visibility and insight to help the finance team confidently report SaaS metrics, revenue, and overall expenses for each new market the business enters—enabling Solutionreach to make smart decisions about when to hire and expand into new vertical markets.
Additional results since switching to Intacct include:
- Eliminated 100+ hours of manual work each year by integrating Intacct and Salesforce
- Cut their monthly close process by two-thirds
- Gained $100,000 in headcount savings through streamlined processes
System One is a leading provider of specialized workforce solutions and integrated services, and stands as one of the largest professional staffing firms in the U.S., with more than 6,000 employees across 50+ offices. The company has more than tripled revenue since 2008 and switched from Oracle to Intacct in 2013, looking for a cloud ERP system that would help streamline processes and improve their reporting and analysis capabilities.
With Intacct, System One has significantly streamlined its processes and enabled its existing staff to move away from tedious data entry to more strategic activities. In addition, Intacct's reporting capabilities have streamlined the report creation process and eliminated work previously done in Excel spreadsheets. Intacct delivers the flexibility to easily create custom reports and enables the company to spend more time analyzing financial and operational data, instead of rekeying data to manipulate in spreadsheets.
Additional benefits from Intacct include:
- Eliminated 40 hours per month in time spent creating reports
- Saving $60,000 per year in staffing costs through streamlined processes
- Ability to grow the business via acquisitions and quickly integrate those companies onto the Intacct system
"Customer success and satisfaction is our core tenet at Intacct and it's a primary component of our business model," said Robert Reid, CEO of Intacct. "I was very excited by the business success of this year's award winners, as much of it is attributed to their improved financial processes and increased business insight. We recognize DonorsChoose.org, Marketo, Solutionreach, and System One as our 2015 Customer Success Award winners. We are focused on delivering innovative cloud ERP software that dramatically accelerates their growth and these companies are incredible examples of the great things our customers achieve."
Intacct is a leading provider of best-in-class cloud ERP software. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 10,500 organizations from startups to public companies, 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 Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.
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