Case Study: SecurityScorecard readies for IPO, cuts close time 80% and boosts cash flow 20% with Sage Intacct

Sage Intacct helps SecurityScorecard scale and prepare for IPO with ease

SecurityScorecard, a U.S. SaaS leader in cybersecurity ratings and advisory services, was scaling rapidly in 2021 with international expansion, multiple entities and currencies, and IPO plans—creating complex accounting, tax and consolidation challenges. The company needed scalable, user‑friendly finance software that could integrate with existing systems and handle growth without adding headcount.

SecurityScorecard implemented Sage Intacct with integrations (Avalara, Salesforce, Coupa, banking, Wipfli AssetEdge, etc.), enabling a 700% increase in transaction volume with the same small finance team. Close times fell from about a month to 6–7 days (≈80% faster), one person now handles ~8,000 transactions across 2,000 customers, and DSO dropped 20% (52 to 43 days), unlocking $5.5M in operating cash—supporting profitable international growth and IPO readiness.

SecurityScorecard

Terry Nwosuocha

Vice President-Corporate Controller