May 11, 2017 - 8:45 AM EDT
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Oil & Gas Solutions Provider Adopts Future-Ready Financial Processes Built on Intacct Cloud ERP Software

Vaquero Midstream Turns to BTerrell Group and Intacct for Multi-Entity Visibility and Effortless Scalability

SAN JOSE, Calif., May 11, 2017 /PRNewswire/ -- Intacct, the innovation and customer satisfaction leader in cloud ERP software, today announced that Vaquero Midstream, a provider of custom natural gas processing solutions, adopted Intacct in order to establish scalable back office best practices, including multi-entity operations, capital project costing, and sophisticated purchasing controls. Intacct partner BTerrell Group helped the company quickly implement the cloud-based ERP system, establishing a smooth monthly financial close, detailed project visibility, personalized financial dashboards, and custom reporting.

Intacct Logo. (PRNewsFoto/Intacct)

In a new case study published today, Intacct highlights the results Vaquero Midstream achieved by deploying Intacct's cloud ERP solution to build a foundation for rapid expansion. The full customer profile is now available for download https://online.intacct.com/rs/intacct/images/cs_vaquero.pdf. Here is a quick overview:

Vaquero Midstream's Results with Intacct:

  • Scaled easily during rapid expansion
  • Gained visibility to make informed strategic spending decisions
  • Software paid for itself in <2 months based on business value alone

Highlighted comments from Sandra Fendley, chief accounting officer, Vaquero Midstream:

"We adopted Intacct early on because of its robust financial accounting capabilities across the board, which are helping us to scale effortlessly without hiring a lot of back office staff as the company grows. Intacct's multi-entity general ledger, account payables, granular reporting, and other capabilities are all very intuitive, and we love that the system is cloud-based, so it doesn't require any IT support."

"One of the great benefits of Intacct is how easy it is to build and extract whichever financial metrics we need. We can rapidly produce trusted information about any particular piece of the business and have an accurate picture of individual projects, monthly operating spend, as well as invested capital."

"By showing volume-related operational data on gas production during pre-determined phases alongside the associated revenue, Intacct makes it easy to determine which revenue is linked to a particular production month as opposed to the month when the accounting occurred. Additionally, in just one report, we can look at our produced volumes alongside monthly pricing references to get a clear pictures of why our revenue is up or down."

About Intacct
Intacct is the innovation and customer satisfaction leader in cloud ERP software. Bringing cloud computing to finance and accounting, Intacct's innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by organizations from startups to public companies, Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, subscription billing, contract management, revenue recognition, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.

Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765. Connect with Intacct on LinkedIn, Facebook, Twitter, Instagram, and YouTube.

Intacct and the Intacct logo are trademarks of Intacct Corporation. All other company and product names mentioned herein may be trademarks of their respective owners.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/oil--gas-solutions-provider-adopts-future-ready-financial-processes-built-on-intacct-cloud-erp-software-300455605.html

SOURCE Intacct


Source: PR Newswire (May 11, 2017 - 8:45 AM EDT)

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