Accounting
Oil and Gas Solution Provider Adopts Intacct
In a new case study, 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 ...
May. 12, 2017
Cloud accounting and ERP software maker Intacct has 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.
In a new case study, 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.”