Fast-Growing Clinical Trial Business Moves to Intacct’s Cloud ERP to Manage Complexity and Improve Decision-Making

Intacct cloud ERP software
Photo: Intacct cloud ERP software

Intacct Helps Services Organization Increase Productivity and Visibility by Eliminating Financial Silos

Intacct, the customer satisfaction leader in cloud ERP software, today announced that CTI Clinical Trial and Consulting Services (CTI), a worldwide clinical research organization, adopted to Intacct to support complex project reporting and global consolidations. Intacct provides a robust financial solution that delivers labor cost visibility for informed employment decisions, and saves time for the company’s finance team by streamlining CTI’s expense and time management, financial close, and purchasing processes.

In a new case study published today, Intacct highlights the results CTI achieved by switching from Sage Peachtree to Intacct’s cloud ERP solution. The full customer profile is now available for download: Here is a quick overview:

CTI’s Results with Intacct:

  • Software paid for itself in <4 months
  • Saved 30 hours/month managing the monthly close
  • Cut project reporting time by 16 hours/month
  • Avoided one full-time finance employee

Highlighted comments from Brian Lawrence, senior director, finance and taxation, CTI:

“When our team went in search of a new accounting solution, we were looking for cloud-based options that would be more scalable, flexible, and intuitive for our teams around the world. Intacct was a no-brainer for us because, unlike NetSuite and the other vendors we looked at, it met all of our requirements for integrated time and expense management and multi-entity consolidations, and was robust and adaptable enough to grow with our business over time.”

“Intacct robust automation frees up our team for more strategic work and better alignment with business partners, and has slowed our need to hire new finance headcount as we grow. In fact, since going live on Intacct, we’ve effortlessly kept pace even as the company doubled its overall headcount and added eight new international entities.”

“Intacct lets us run utilization, efficiency, and expense reporting at the project, task, department, or customer level for granular transparency into our labor costs and profitability across various operational categories. This valuable insight helps CTI’s leaders manage existing employees’ workloads, as well as project future employment needs based on upcoming projects and proposals.”

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