search icon

Ontra - United States

Ontra grants jurisdiction for financial transformation to Sage Intacct

Legal tech firm slashes close time in half and gains scalability amid global business growth with Sage Intacct

Legacy system of accounting in Excel required urgent modernization

To support the company’s hypergrowth, Ontra needed to overhaul its accounting processes which Excel. A lack of integration between Excel and Ontra’s proprietary platform meant hours of manual uploads of invoice data. Cash reconciliations were problematic, and reporting was challenging with loads of custom coding and complex workarounds.

We quickly outgrew Excel. Although it is a great tool, it’s not purpose-built for accounting and it couldn’t scale with our business.

Andy Lujan
VP of Finance

A 50% efficiency gain in cash reconciliations

Since implementing Sage Intacct, Ontra has seen many benefits. The accounting team reduced the time needed to close the books each month from up to three weeks to 10 days, roughly a 50% reduction, while four hours of manual data uploads into Excel every month has been reduced to just 20 minutes. At the same time, Ontra can apply payments at invoice level, improving the data granularity for reporting.

Sage Intacct has gracefully supported our growth and met our challenging monthly close requirements, whereas our Excel based solution would clearly have broken by now.

Khalid Ghafari
Controller

Pivotal to finance modernization and scalability

CFO Jeff heaps high praise on how Sage Intacct is delivering the key capabilities Ontra were looking for in a financial software provider. He says Sage Intacct has deftly handled the massive and growing volume of data being generated by the firm’s proprietary legal platform and sees the system as pivotal to the tech firm’s future expansion and scalability.

We wanted [and got] a financial management vendor that was similarly tech-forward with an open API and cloud platform that’s agile and scalable enough to grow with us.

Jeff Bohl
CFO