Fast growing software and SaaS companies need to be able to use their resources effectively, freeing up cash flow and accounting for decisions quickly in order to keep growing. Unfortunately, manual, paper-based processes too often stand between these companies and the value they help their clients recognize. One such example of this was Code42, whose expense management, accounts payable, invoice processing, and accounting headaches were slowing them down—before they found Concur Connectors by Brittenford.
Code42 is a global enterprise SaaS provider of endpoint data protection and security to more than 39,000 organizations, including the most recognized brands in business and education. Code42’s highly secure cloud solutions enable IT and security teams to limit risk, meet data privacy regulations and recover from data loss, no matter the cause.
Challenges: Manual Invoice Processing and Expense Management Costs 15 Days of Labor Each Month
However, with the company processing more than 350 expense reports per month, Code42’s accounting team was bogged down with the company’s manual expense process.
“We’d have to go through each paper report, tally and verify the data and then manually enter it into Intacct before manually cutting the check,” says Kevin Wright, Code42’s Accounts Payable Manager. “There are only two of us in accounting, and while we were able to keep up with the demand, it took us fifteen days to process expenses.”
Already using Concur, Code42 was looking to automate, integrate, and speed up its processes without costly custom development or manual manipulation.
“We knew we wanted a fully automated system that would allow us to export our data from Concur and bring it directly into our general ledger without manual intervention,” Wright says.
Results: Three-Week Implementation Maps 5 Accounts and Saves Time
Code42 turned to Brittenford and our InvoiceConnect solution, and within just three weeks, Code42’s fully automated solution was deployed. “We have five different bank accounts because we operate different entities in Europe, Australia and the U.S., so our only challenge was ensuring we were correctly mapping to those accounts,” Wright says. “We only had to make a couple tweaks which didn’t take long at all.”
Learn more about Code42’s journey to automated accounts payable here: http://www.brittenford.com/resources/case-studies/accounts-payable-erp-integration/
Learn more about InvoiceConnect for Intacct here: http://www.brittenford.com/software-solutions/intacct-connectors/