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Background

AlphaSense is a financial research tool used by knowledge professionals worldwide. AlphaSense selected AcctTwo over other cloud and on-premises solutions to meet the needs of their organization.

Previous Business Challenges

  • AlphaSense used multiple accounting systems, requiring their finance team to make heavy use of Excel to consolidate the company's financials.
  • Deferred revenue was managed outside the accounting system.
  • The company plans to add more entities, and their former accounting system was unable to adequately manage multiple entities or scale with the company's growth.

Benefits Realized With AcctTwo

  • AcctTwo's solution is powerful and scalable, allowing AlphaSense to add additional entities with ease.
  • AlphaSense can now integrate their ERP with Salesforce and automate their order-to-cash process.
  • AlphasSense can easily manage expense amortization, report both for GAAP and IFRS, and removes various manual and error-prone tasks from Excel.

Highlighted Comments from AlphaSense's Senior Accountant

"The time it takes to accomplish everything I need – revenue recognition, billings, royalty and commissions, sales orders to invoices – is 1/10th of the time it took previously," said Gina Clinton, Senior Accountant at AlphaSense. "It’s fantastic. There are so many benefits from having everything in one system – we don’t have to manage multiple Excel spreadsheets to compile our financials." 

"Communication from the AcctTwo support team was excellent," Clinton went on to say. "They were always available when we needed them. I would definitely recommend AcctTwo."

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"The time it takes to do everything I need is 1/10th of the time it took previously."

- Gina Clinton, AlphaSense