Case Study: VelocityEHS achieves $160,000 in annual savings through automation with Sage Intacct

VelocityEHS speeds up its financial reporting with Sage Intacct

VelocityEHS, formed in 2015 from the merger of MSDSonline and KMI, provides cloud-based environment, health & safety software to over 12,000 customers worldwide. After rapid growth, multinational acquisitions, and public-company reporting requirements, the finance team outgrew QuickBooks and needed a robust, cloud ERP with flexible dimension-based reporting, stronger revenue recognition, and multi-currency consolidations.

Implementing Sage Intacct automated revenue recognition, collections, and lockbox entries, integrated via API with their order system, and cut a 20,000-line spreadsheet close into a streamlined process. The company shortened its monthly close by three days, saved more than three weeks of manual work per month, avoided a full-time collector, freed three accounting headcounts (about $160,000 annually), and recouped the software cost in roughly three months while easily scaling with 30% growth.

VelocityEHS

Heather Norum

Director of Accounting