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Actian Gains Future-Proof Scalability for Global Growth with NetSuite


Actian

Company

Actian

Location

Redwood City, Calif.

Industry

Software

Applications Replaced

Intacct

Solutions

NetSuite OneWorld
Financial Planning

IMPLEMENTATION PARTNER

NetSuite Professional Services


“NetSuite gives us an enterprise-grade back office that can scale. We're much better equipped to handle growth, complexity, revenue recognition, billing and planning than we were with Intacct.” Actian

Customer Success

  • Actian has achieved future-proof scalability for rapid global growth since implementing NetSuite OneWorld to replace Intacct in August 2014.
  • NetSuite OneWorld enables real-time transparency across multiple subsidiaries and countries for the leading provider of big data analytics solutions, with more than 10,000 customers.
  • Actian has faster, more flexible global financial reporting and consolidation across 12 subsidiaries, including offices in Germany, Australia, Brazil, the U.K., India, France and Netherlands.
  • Robust and sophisticated capabilities to transact in more than 12 currencies across Europe, Asia and Australia enables rapid growth for global software vendor.
  • Actian has also improved its handling of VAT, GST and other foreign taxation requirements, compared to its previous Intacct system.
  • With NetSuite OneWorld, Actian has simplified management of complex subsidiary units created by its acquisition of Pervasive Software, ParAccel and Versant.
  • NetSuite revenue recognition streamlines reporting of complex revenue streams from subscription, perpetual and term licensing of both cloud and on-premise software products.
  • Flexible, accurate billing through NetSuite enables Actian to meet diverse customer billing requirements while eliminating the manual work that was needed previously.
  • Actian has a seamless lead-to-cash process with tight integration between NetSuite and Salesforce.com CRM, compared to manual work required with Intacct.
  • NetSuite Financial Planning module, powered by Adaptive Insights, enables data-driven budgeting, forecasting.

Challenges

  • Reaching a crossroads with a six-year-old Intacct system, Actian sought enterprise-level ERP capabilities to strengthen financial controls, heighten visibility and improve preparedness in advance of a potential IPO.
  • Intacct could not provide consolidated reporting at the detailed level that Actian needed to meet the requirements of its complex business.
  • Intacct's limitations in foreign currency reporting, country-specific tax compliance and integration with Salesforce.com CRM undermined confidence in the system and forced manual workarounds.

Solution

  • Used by more than 1,000 software companies, NetSuite offered a proven solution for the fast-growing Actian, vs. the alternative of attempting to customize its Intacct application.
  • NetSuite Professional Services team provided "phenomenal" services in helping Actian map out, implement and optimize its OneWorld solution.
  • Actian and NetSuite partnered to develop a integration connector between NetSuite and Salesforce.com, now commercially available to other NetSuite customers.
  • Solution from NetSuite partner Avalara enables Actian to seamlessly handle sales tax compliance and remittances across dozens of U.S. tax jurisdictions.

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