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Skytap - United States

Skytap takes flight with Sage Intacct

Cloud service provider gains financial transparency and streamlines its accounting processes using Sage software.
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New software required to sustain growth

One of the Inc. 5000 fastest growing private companies, Skytap expanded operations to over a dozen locations in the U.S. and U.K. Its finance team initially used QuickBooks software, which required a significant amount of manual data entry, as well as cumbersome quarterly budget exercises in Excel.

It was a no-brainer to us that Sage Intacct’s audit-ready, multi-entity, multi-currency consolidation capabilities could meet our current needs.

Frank Colich
CFO

Deeper financial analysis

Skytap is taking advantage of Sage Intacct’s unique dimension capability, which enables users to tag individual transactions with key operational details. This makes it easy for the company to filter, group, and organize its financial data for deeper analysis.

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.

Frank Colich
CFO

Supporting growth

Sage Intacct has helped Skytap to streamline its accounting processes and adopt new rigor and industry best practices throughout the finance function. Soon after adopting Sage Intacct, the company closed a major round of venture capital funding, which prompted an increase in spending to support Skytap’s growth.

Sage Intacct has been a boon to our organization as we’ve grown and I expect it will continue to scale with us beautifully, even when we eventually go public.

Frank Colich
CFO

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