Case Study: AlphaSense

Background

AlphaSense is a financial research tool used by knowledge professionals worldwide. AlphaSense selected Sage Intacct 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.

Reasons for Selecting Sage Intacct and AcctTwo

• Sage Intacct is powerful and scalable, allowing AlphaSense to add additional entities with ease.
• AlphaSense can now integrate Sage Intacct with Salesforce and automate their order to cash process.
• Sage Intacct allows the company to better manage expense amortization, easily report both for GAAP and IFRS, and removes various manual and possibly 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."