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velocity ehs - UNITED STATES

VelocityEHS speeds up its financial reporting with Sage Intacct

Provider of cloud environment, health, safety, and sustainability software automates its financial management using Sage software.

Struggle to keep up with reporting & compliance standards

VelocityEHS was growing rapidly and needed to meet the high reporting and compliance standards of a publicly held business. Given this environment, it became more challenging to continue running the business on QuickBooks, and the organization’s finance team went in search of full-featured financial management software.

We recognized that we needed a robust, cloud-based ERP solution to effectively handle the exponential growth of our customer base and transaction volume.

Heather Norum
Director of Accounting

Modernized financial management

By implementing Sage Intacct, VelocityEHS has completely modernized its tedious revenue recognition process. Rather than spending a full day working through revenue calculations in a 20,000-line, error-prone spreadsheet at the end of each month, everything is streamlined, expediting the monthly close by three days.

The strong efficiencies and visibility we gain with Sage Intacct easily recoup the cost of the software in just over three months every year.

Heather Norum
Director of Accounting

A 3D view of the financials

VelocityEHS’ leadership uses an at-a-glance Sage Intacct dashboard where it can view cash balances, net income, and operating expenses by department or location – all alongside handy data points like the parent company’s stock ticker. In short, the solution has provided a platform for more informed decision making.

I love that Sage Intacct gives us a 3D view of our financials, so that on any given P&L report we can look at our revenue by product.

Heather Norum
Director of Accounting

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