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Success Story: Voltage Security

Success Story: Voltage Security


Voltage Security Moves its Finances On-Demand with Intacct


Challenges 

  • Wanted to reallocate in-house resource to customer facing rather than internal initiatives 
  • Needed a scalable solution to keep up with its ambitious growth plans 

Results with Intacct 

  • Web-based delivery provided anytime, anywhere access and saved the company the expense of hosting the solution on-premise 
  • Better real-time visibility into the company's finances 
  • Easy financial consolidation and automatic translation from local currencies into US dollars 

Problem
Forward-thinking since its inception, Voltage Security realized that it would gain the greatest value from allocating its precious in-house resources - for example, servers, IT administration, training and IT support + to customer-facing rather than internal initiatives. This meant finding a hosted solution for the company's financial management needs. 

This solution would need to be scalable because Voltage Security has ambitious growth goals. They did not want to have to migrate to a more robust solution as Voltage Security fulfilled those goals - for example, with the addition of international subsidiaries. 

Solution
Critical to Voltage Security, Intacct's financial management applications are on-demand. This Web-based access is the most cost-effective and flexible way for Voltage Security to provide its staff with anytime, anywhere access - an important consideration for a company whose staff includes telecommuters and road warriors. 

Voltage Security also values Intacct's reporting capabilities. At the end of each month, the finance department creates several reports, including income and expenses, cash flow and other financial statements for its own use. In addition, it generates budgetary analyses that it shares with other departments in the company such as Engineering, Marketing, Sales, QA and Services. 

Support for multiple entities is another key strength of the Intacct solution. This allows Voltage Security to consolidate financial results from its international subsidiaries with automatic translation from their local currencies into U.S. dollars. 

Result
Intacct delivered on expectations, providing the requisite scalability as well as anytime, anywhere access. Voltage Security also reports that Intacct has been easy to customize and intuitive to use - perhaps surprisingly so for a solution that is so comprehensive and feature rich. 

Just as important, by alleviating the need for Voltage Security to support a financial management solution in-house, Voltage staff is now free to focus on more strategic concerns that either serve customers directly or generate higher value for the company in other ways.