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Zest AI taps into economies of scale thanks to Sage Intacct

Rapid-growth AI pioneer closes a $15m round of funding off the back of Sage software streamlining financial management and providing visibility.

SaaS pivot puts pressure on finance team

After nearly a decade perfecting its own underwriting algorithms, Zest AI decided to sell its machine learning models as a service for other lending organizations. Even prior to this SaaS pivot, Zest AI’s finance team struggled to manage and consolidate high-volume financials across 11 different entities using a heavily customized version of QuickBooks Online.

The company was going through a rebirth, and saw a great opportunity to put scalable processes, financial controls, and the right software in at the ground level.

Walter Luceno
Director of Accounting

Overhauling the monthly close

One of the first changes Zest AI has made with Sage Intacct is to overhaul the monthly close process and establish a single chart of accounts across all entities. By replacing time-consuming Excel-based revenue and reconciliation schedules and eliminating manual report preparation, the finance team has shortened their close cycle by one-third.

As a direct result of the software solutions we have in place, we can redirect our time from accounting maintenance to strategic projects.

Walter Luceno
Director of Accounting

Single source of truth

Another significant advantage of Sage Intacct is having a single source of truth for all financial information. As Zest AI expands, its management has become more focused on cost control and has a better understanding of profitability across different contract types, leading sales to focus on landing larger contracts as opposed to higher volumes of deals.

With Sage Intacct, we now have accurate, timely financials in any managerial format we want, so everyone has more confidence in the numbers.

Walter Luceno
Director of Accounting

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