SaaS Brief

Tiff's Treats and SailPoint Grow with Sage Intacct

November was full of big wins for Sage Intacct customers! Here are two great growth stories from Sage Intacct customers SailPoint and Tiff’s Treats.

SailPoint IPO

Last month, SailPoint had an incredibly successful IPO.

SailPoint is the leader in enterprise identity management and gives organizations the ability to enter new markets, scale their workforces, embrace new technologies, innovate faster, and compete globally. So it’s no surprise that their customers are among the world’s largest companies in virtually every industry, including: nine of the top banks, seven of the top retail brands, six of the top healthcare providers, six of the top property and casualty insurance providers, and six of the top pharmaceutical companies.

According to TechCrunch, SailPoint's stock "went up eight percent in its debut on the New York Stock Exchange. The company raised $240 million; after pricing its shares at $12, it saw them rise to $13 on its first day of trading."

SailPoint’s relationship with Sage Intacct goes back more than five years to 2012, when one of our top partners, AcctTwo, implemented Sage Intacct as SailPoint's accounting and financial management software.

AcctTwo recently recapped SailPoint's growth and successful IPO, noting this is, “Yet another indication of the power of Sage Intacct for companies ranging from start-ups and small businesses, to midmarket organizations, all the way to public companies.”

Congratulations, SailPoint!

Tiff’s Treats New Funding Round

Austin based cookie delivery company, Tiff’s Treats, closed on $25 million in funding in mid-November to accelerate its national expansion.

Tiff’s Treats started off small, founded by former University of Texas at Austin students, Leon and Tiffany Chen, in 1999. Today, Tiff’s Treats boast more than 700 employees at 34 stores in Texas and Atlanta, with exciting plans to soon open a store in Nashville as well.

Tiff’s Treats may be known for making sweet treats, but it’s also making its mark as a tech company that is utilizing a custom, proprietary ordering and delivery platform. This, combined with tools like Slack, Asana, Sage Intacct, and HotSchedules and more, make their delicious cookies not their only innovation. Sage Intacct is honored to be such a core piece of the company’s technology backbone.

To date, Tiff’s Treats has raised $50 million in funding. The company’s latest investment round is led by Morgan Stanley Expansion Capital.

What a great story, Tiff’s Treats! Congratulations!

Interested in learning how to elevate your organization’s success? Or are you considering raising a seed round or filing for an IPO? We have plenty of great stories where Sage Intacct has helped public companies achieve outstanding results, such as:

  • Save 40 percent on IPO-related costs
  • Gain daily visibility into revenue and treasury activities—instead of waiting 30-45 days
  • Trim 2 days off the close process and cut 50+ hours of data entry each month while improving accuracy
  • Triple revenues, triple the number of international entities, and grow the number of employees by 1500%—while slashing quarterly consolidation time from 12 days to less than one hour

Learn more here.

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