Before Financial Controller Charles Dye joined Blue Ridge, the company was only using Maxio for revenue recognition and some limited reporting.
They were outgrowing Quickbooks (their GL at the time), and wanted to make the switch to NetSuite. They needed an integration that could push all their customer data, such as open invoices, customer legal names, and billing information, directly from Maxio into their new GL, NetSuite.
Thankfully, Maxio can do that.
Dye also helped Blue Ridge optimize Maxio to handle their sales order process, enable e-invoicing, collection cadences, sales tax management, and prepaid and fixed asset management.
According to Dye, the most valuable reporting function for Blue Ridge is the subscription momentum report, which allows them to drill down into their active ARR, segment new business, expansion, contraction, churn, and lost ARR. They can also look at the FX gains or loss on any of their customers they bill in a foreign currency.
Thanks to the seamless integration between the two systems, Blue Ridge was able start pushing customer data from Maxio into NetSuite in record time. Blue Ridge now uses NetSuite for all their GL needs, while Maxio handles their revenue recognition, reporting, invoicing, CRM integration, sales tax management and more.Integrating the two systems has increased overall data accuracy, saving the finance team time and enabling them to focus on more strategic areas of the business.
Maxio’s robust reporting allows us to better manage our goals. We gain a lot of time and efficiency. Now we can leverage our finance team in different areas of the business to help make strategic decisions to achieve the overall company targets.
- Charles Dye, Financial Controller at Blue Ridge Solutions