Evariant Deploys Intacct's Best-in-Class Cloud Financial Management System to Improve Business Operations

Fast-Growing SaaS Company Gains Sophisticated Revenue Recognition and Intuitive Reporting and Dashboards

News provided by

Intacct

Mar 25, 2015, 08:45 ET

SAN JOSE, Calif., March 25, 2015 /PRNewswire/ -- Intacct, a leader in cloud financial management and accounting software, today announced that Evariant, one of the fastest-growing SaaS companies in the healthcare provider market, replaced QuickBooks with Intacct for more robust reporting, revenue recognition, and financial controls. With Intacct, Evariant has streamlined its order-to-cash, purchase-to-pay, and monthly financial close processes, while benefitting from greater visibility through multi-dimensional dashboards for specific executives and departments.

In a new case study published today, Intacct highlights the results Evariant achieved by switching to Intacct's cloud financial applications. The full case study is available for download at: http://us.intacct.com/customer-success-stories/evariant. Here is a quick overview of the profile:

Previous Business Challenges Faced by Evariant:

  • Required a flexible financial management solution to streamline revenue recognition
  • Wanted to automate time-consuming manual processes and minimize Excel workarounds
  • Needed to integrate financial management with existing Salesforce CRM
  • Looking for departmental reporting and dashboard capabilities for greater visibility into dynamic operations

Results with Intacct:

  • Best-in-class system automated revenue recognition and other financial processes
  • Saved $75,000 annually from reduced auditing and consulting costs, thanks to improved financial controls
  • Reduced monthly close by four weeks and shaved 20 days off DSO, while saving hours of duplicate data entry each week 
  • Gained ability to easily track, manage, and report on profitability and other financial trends across departments and projects

Highlighted Comments from James Orsillo, chief financial officer at Evariant:
"We are firm believers in the cloud and knew we needed a system that would take our financial operations to the next level, while plugging easily into other best-of-breed applications. Intacct was the clear choice for us over NetSuite, Microsoft Dynamics and QuickBooks, because it delivered far superior time-to-value, flexibility to integrate with our application ecosystem, and time-saving revenue recognition capabilities."

"By implementing Intacct's sophisticated workflows and audit-quality controls, we're saving around $75,000 each year from reduced auditing and consulting costs."

"My favorite things about Intacct are its flexibility and scalability – I know this financial platform can grow with us. As we continue to expand our business and evolve our unique ecosystem of applications over time, I'm confident that Intacct will be adaptable enough to integrate with any tools that become relevant for us down the line, such as new systems for enterprise performance management or human resources."

Additional Resources:

About Intacct
Intacct is the cloud financial management company. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. Intacct accounting software, in use by more than 8,500 organizations from startups to public companies, 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, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.

Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765. Connect with Intacct on LinkedIn, Facebook, Twitter, Google+, and YouTube.

Intacct and the Intacct logo are trademarks of Intacct Corporation. All other company and product names mentioned herein may be trademarks of their respective owners.

Photo - http://photos.prnewswire.com/prnh/20120123/SF39551LOGO

SOURCE Intacct

Related Links

http://www.intacct.com

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