Tenzing chooses Intacct for financial insight

Intacct said that Tenzing implemented Intacct´s best-in-class cloud ERP software to help the business scale in order to meet growing customer demand.

Tenzing is an e-commerce specialist that delivers scalable infrastructure, fast networks, and managed services to over 400 customers around the world, and has been listed as one of Profit 500´s fastest-growing Canadian companies for seven years in a row. As the business expanded over time, Tenzing adopted a mish mash of disconnected financial applications and processes, including QuickBooks for core accounting, a separate billing database, a custom purchasing program, and extensive Excel spreadsheets for tracking prepaid and deferred revenues.

As part of the Intacct implementation, Tenzing used Intacct´s pre-built integration with Salesforce to connect its ERP and CRM systems to improve data accuracy and minimize the need for Excel. Using Intacct´s time and expense tracking capabilities, the finance team has also cut in half the amount of time it spends managing that process.

As Tenzing automates additional financial workflows with Intacct, they have also achieved significant productivity improvements across revenue management, accounts receivable, and accounts payable. At the same time, the company is capturing more data about every invoice and transaction, enabling a deeper understanding of the company´s profitably. With Intacct´s reporting and analytics capabilities, the team can slice and dice its data to answer crucial questions like “is this data center profitable,” “which line of business generates the most profit,” and “how much does each employee cost?”

Intacct provides cloud ERP software. Bringing cloud computing to finance and accounting, Intacct´s award-winning applications are the preferred financial applications for AICPA business solutions.