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Wistia - United States

Wistia tunes into smarter financial management with Sage Intacct

Video software maker cuts its monthly close time and reduces payroll entry work using Sage software
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Growth puts pressure on the finance team

Wistia had more than doubled its workforce, having grown its customer base to over 20,000 paying customers. The strong growth meant more manual work and complexity for the finance team using a combination of QuickBooks Online and Excel, while the business lacked the robust reporting and visibility it needed to fuel continued growth.

With the small three-person finance team taking up to 15 days to close the books, it was time to upgrade to a more scalable platform.

Kevin Neary
Controller

Switching to push-of-a-button financial management

In less than four months on Sage Intacct, Wistia has cut its monthly close time nearly in half, from 15 to eight days. Sage Intacct’s integration with the ADP payroll solution saves about five hours a month from previous manual work. Meanwhile, seamlessly uploading journal entries with Sage Intacct has been a “huge timesaver,” as has creating monthly board reports.

Now with Sage Intacct, I literally push a button. That’s been the biggest impact for me… I couldn’t be happier with the reporting in Sage Intacct.

Kevin Neary
Controller

Finance becomes strategic

Besides speed, the depth of reporting at Wistia’s disposal is much greater through dimensionality in Sage Intacct. Wistia has new insights into its spend on cloud application vendors, consultants, and office expenses, opening opportunities for cost savings. The company is also tracking key metrics to fine-tune business performance.

We’re spending less time on routine accounting and more time supporting the business in a strategic role so that they can make informed decisions.

Kevin Neary
Controller