Actian Gains Future-Proof Scalability for Global Growth with NetSuite
Company
Actian
Location
Redwood City, Calif.
Industry
Software
Applications Replaced
Intacct
Solutions
NetSuite OneWorld Financial Planning
IMPLEMENTATION PARTNER
NetSuite Professional Services
“NetSuite gives us an enterprise-grade back office that can scale.
We're much better equipped to handle growth, complexity, revenue recognition, billing and
planning than we were with Intacct.” Actian
Customer Success
Actian has achieved future-proof scalability for rapid global growth since implementing
NetSuite OneWorld to replace Intacct in August 2014.
NetSuite OneWorld enables real-time transparency across multiple subsidiaries and countries
for the leading provider of big data analytics solutions, with more than 10,000 customers.
Actian has faster, more flexible global financial reporting and consolidation across 12
subsidiaries, including offices in Germany, Australia, Brazil, the U.K., India, France and
Netherlands.
Robust and sophisticated capabilities to transact in more than 12 currencies across Europe,
Asia and Australia enables rapid growth for global software vendor.
Actian has also improved its handling of VAT, GST and other foreign taxation requirements,
compared to its previous Intacct system.
With NetSuite OneWorld, Actian has simplified management of complex subsidiary units created
by its acquisition of Pervasive Software, ParAccel and Versant.
NetSuite revenue recognition streamlines reporting of complex revenue streams from
subscription, perpetual and term licensing of both cloud and on-premise software products.
Flexible, accurate billing through NetSuite enables Actian to meet diverse customer billing
requirements while eliminating the manual work that was needed previously.
Actian has a seamless lead-to-cash process with tight integration between NetSuite and
Salesforce.com CRM, compared to manual work required with Intacct.
Reaching a crossroads with a six-year-old Intacct system, Actian sought enterprise-level ERP
capabilities to strengthen financial controls, heighten visibility and improve preparedness
in advance of a potential IPO.
Intacct could not provide consolidated reporting at the detailed level that Actian needed to
meet the requirements of its complex business.
Intacct's limitations in foreign currency reporting, country-specific tax compliance and
integration with Salesforce.com CRM undermined confidence in the system and forced manual
workarounds.
Solution
Used by more than 1,000 software companies, NetSuite offered a proven solution for the
fast-growing Actian, vs. the alternative of attempting to customize its Intacct application.
NetSuite Professional Services team provided "phenomenal" services in helping Actian map
out, implement and optimize its OneWorld solution.
Actian and NetSuite partnered to develop a integration connector between NetSuite and
Salesforce.com, now commercially available to other NetSuite customers.
Solution from NetSuite partner Avalara enables Actian to seamlessly handle sales tax
compliance and remittances across dozens of U.S. tax jurisdictions.