1/7/2024 0 Comments Best bookkeeping software 2017![]() ![]() “We had to make sure the right authorizations were in place so we could manage buying behavior. With Intacct’s purchase order software, the finance team was able to automate procurement work streams and strengthen purchasing controls. Soon after adopting Intacct, the company closed a major round of venture capital funding, which prompted an increase in spending to support Skytap’s growth. And by using Intacct’s recurring templates, they can now get invoices out the door in the first three days of the month - a tremendous improvement over their previous billing process, which took a full two and a half weeks. For example, by eliminating manual journal entries, the team was able to slash its monthly close cycle from 20 business days to just three. In addition to all of these visibility improvements, Intacct helped Skytap to streamline its accounting processes and adopt new rigor and industry best practices throughout the finance function. “Being able to quickly get all of our key financial data to the board is priceless, because we need it in order to make critical hiring and capex decisions that help grow the company.”īest-in-Class Automation Brings Tremendous Efficiency “We get a lot of kudos from our board about how amazingly streamlined and fast Skytap’s whole process is when it comes to closing our books, vetting the financials, and assembling a robust reporting package for them each quarter,” said Colich. As a fast-growing startup, Skytap is expected to live up to the financial scrutiny of its investors and board of directors. ![]()
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