Case Study: Code42 achieves $100,000 in annual accounting time savings and halves monthly close with Sage Intacct

Code42 ‘get it done and do it right’ with Sage Intacct

Code42, a SaaS provider that detects and protects against insider threats for more than 50,000 organizations, outgrew its entry‑level QuickBooks and spreadsheet-based accounting as revenue accelerated from $25M toward $100M. The finance team faced slow, manual processes for multi-entity consolidation, revenue recognition and reporting, with monthly closes taking up to 15 days and limited visibility for management and investors.

By implementing Sage Intacct (including the Contracts module) and integrating with Salesforce, Avalara, FloQast and Adaptive Insights, Code42 automated revenue recognition, consolidated entities in minutes, and achieved ASC 606 compliance. The company saved the equivalent of roughly two full‑time accountants (~$100,000), cut the monthly close to seven days, reduced multi-entity consolidation from three hours to 15 minutes, and gained faster cash flow and analytics to support 4x revenue growth to $100M.

Code42

Grant Christianson

Controller