RapidRatings’ is a US-based alternative rating, research and analytics firm that enables organisations to most effectively assess the financial health of their customers, suppliers and investments. With its disruptive approach of using sophisticated analytics to assess the financial health of both public and private companies, RapidRatings has showed its value during the 2008 global financial crisis, and has expanded quickly ever since. The business achieved consistent 50% growth for each of the past few years, established a product development team in Ireland and data research group in Australia, and continued to grow its domestic teams in New York and Massachusetts.
Previously, the RapidRatings’ finance team wasted a lot of energy on error-prone, Excel-based workarounds and keeping the company’s Salesforce CRM system up to date. Their QuickBooks software simply wasn’t robust enough to support RapidRatings’ quote-to-cash, invoicing, currency conversion, commissions, or revenue recognition needs. These cumbersome processes created month-end bottlenecks that—along with the company’s increasingly complex reporting and budgeting needs—became more tedious as the business scaled, so the team decided to make the switch to Sage Intacct’s cloud-based financial management solution.
Download the Case Study below to find out about how Sage Intacct solved RapidRatings’ complex reporting and budgeting needs and so much more.