Case Study
Rapid Ratings improved their month-end by 4 days after using Sage Intacct.
RapidRatings improved their month-end by 4 days after using Sage Intacct. CHALLENGE RapidRatings went live with Sage Intacct in October 2015. During the implementation of a new accounting software solution, it is common to evaluate internal business processes. After reviewing their cash-to-order process they wanted to reduce the manual effort surrounding the invoice creation process. RapidRatings was using Excel to manage their invoicing process, which led to avoidable errors, end-of-the month bottlenecks, and an exorbitant amount of wasted time. They needed a solution that could: • Automate the creation of invoices • Automate revenue recognition and commission expense in accordance with ASC 606 • Reduce the manual efforts of their accounting department and sales team SOLUTION I