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AcQuia - UNITED STATES

Sage Intacct helps Acquia stay cashflow positive

Open-source digital experience provider increases operational cash flow and makes better informed decisions with Sage Intacct

Preparing for ASC 606 compliance in the midst of international expansion

As Acquia expanded internationally, its manual financial processes became increasingly cumbersome and error prone. After adopting Sage Intacct several years prior for more complete, forward-looking reporting, the finance team wanted to get better at deferred and unbilled reporting and gain visibility into its net deferred revenue balances, in preparation for ASC 606.

Sage Intacct’s contracts capabilities makes our lives easier with improved order entry, automatic links between deferred revenue accounts, and ASC 606 compliance.

Bret Belcastro
Revenue Controller

Establishing a single source of truth for smart revenue management

Sage Intacct serves as Acquia’s single source of financial truth and automates forecasting for billings, cash, and revenue, enabling the business to better manage its 1,600 contracts and easily comply with the new ASC 606 revenue requirements for software companies.

Sage Intacct’s revenue recognition solution lets us keep everything centralized and does a good job of handling different revenue recognition templates.

Bret Belcastro
Revenue Controller

Improving cash predictability for investment decision making

Acquia uses Intacct’s dimensional reporting to slice and dice revenue and expense data by product, region, customer, contract, and more, providing budget-to-actuals data much faster for leaders to review. This insight has seen the organization accelerate operational cash flow by $36m and gain the confidence to make better-informed decisions about investments for the future.

Our CEO and investors are focused on staying cash flow positive ; the visibility we have in Sage Intacct has enabled significant improvements in our cash predictability.

Bret Belcastro
Revenue Controller