Through a series of acquisitions, the combined businesses that now make up VelocityEHS have become the leading provider of cloud environment, health, safety (EHS), and sustainability software. As an Actua (Nasdaq: ACTA) company, we continue to grow as our own entity while also being held to the high reporting and compliance standards of a publicly held business. Given this environment, it became more challenging to continue running our business on QuickBooks. As a result, I went on a search for a full-featured financial management software solution.
We wanted a robust, cloud-based enterprise resource planning (ERP) solution that could effectively handle the exponential growth of our customer base and transaction volume. Having previous experience with NetSuite, my CFO and I first considered that as an option. In the end, however, we decided upon Intacct because it provided more flexibility with regards to financial and operational reporting, it offered the ability to greatly improve our revenue recognition process, and the fact that it could seamlessly handle multiple foreign currencies with ease.