Intacct Consolidates Software Firm’s Accounting Processes and Delivers Accurate Data in Less Time
As the IT management consultant SevOne has consistently increased bookings and revenues over the past five years, it was time for the accounting department to find a financial management system that could better serve its needs than QuickBooks.
One of the biggest issues for SevOne was QuickBooks’ lack of support for multiple business entities. “As a software company, we need to comply with vendor-specific objective evidence (VSOE) revenue recognition requirements for deferred revenue forecasts, perpetual licenses and annual maintenance revenues,” claims Gina Keller, director of accounting at SevOne. “And, as we signed on more and more large customers, we wanted the ability to configure invoices easily so we could meet their specific requirements.”