OpSource improves global business management and streamlines revenue recognition with Intacct.
OpSource is a technology firm that helps Software-as-a-Service (SaaS) and web companies develop and deploy applications more effectively. The company needed a system that would help them improve financial controls, simplify close and consolidation processes, and automate those processes they were forced to do manually. In evaluating Intacct, OpSource wanted to:
Support multi-entity and multi-currency management.
Improve revenue recognition processes and reporting to gain global visibility.
Find a solution that could integrate CRM and financial applications to streamline operations and reduce days sales outstanding (DSO).
Intacct provides all the functionality a growing company like OpSource needs to efficiently manage our global financials. Our close and consolidation process across our four entities now takes only days versus weeks.
Keith Adams, CFO, OpSource
Since choosing Intacct, OpSource has added global business management capabilities that support financial operations in four locations around the world. The multi-entity and multi-currency capabilities help ensure Opsource can independently manage finances by country, or get a global view of the entire business. Intacct has helped the company:
Shorten the close and consolidation process from weeks to just days
Automate the revenue recognition process for greater efficiency
Streamline processes using tight integration between Intacct and Salesforce CRM