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Weave untwists its financial management with Sage Intacct

Multi-channel communications platform to the dental industry streamlines its financial reporting using Sage software and puts the focus on growth

Growth held back by simple software

Weave had expanded its customer base to over 2,000 — with plenty more growth in the pipeline. That remarkable success was pushing the limits of a QuickBooks application that Weave had installed upon its launch. There was no way the business could scale on QuickBooks and there was a clear need to upgrade to a more robust and sophisticated financial management platform.

I saw our growth trajectory and growth potential and knew we needed capabilities far beyond what we had with our previous accounting system.

Joel Meriwether
Director of Finance

Time savings allow for lean growth

Despite tremendous growth, Weave has maintained a lean three-person accounting and finance team while capitalizing on Sage Intacct automation for subscription billing, revenue recognition, accounts payable and receivable, and deferred revenue management. The breakthrough efficiencies have enabled Weave to cut its monthly close time by 75%, from 20 days to just five.

We would have needed to add 10 new people to handle processes that are automated in Sage Intacct. To keep doing things the old way would have been a staff-killer.

Joel Meriwether
Director of Finance

Partners in growth

With newfound time, the finance team has evolved from number-crunching chores to being a strategic partner in business growth. Dimensional reporting in Sage Intacct makes it easy for Weave to report on key metrics such as customer acquisition cost, customer lifetime value, and customer churn.

I view Sage Intacct as a partner in a common goal of growth — helping us drive that growth, sustain that growth, and analyze the growth.

Joel Meriwether
Director of Finance

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