Customer Story
Maxio’s Finance Team Implements NetSuite in Just Four Weeks
Maxio is a billing and financial operations platform purpose-built for B2B SaaS companies. We automate billing, subscription management, collections, and reporting to help our customers stop chasing dollars and focus on what's next.
At Maxio, we utilize our own platform to run our financial operations, and we use the same integrations as our customers.
Similar to many of our customers, as we continued to grow, we saw the need to upgrade our general ledger from QuickBooks to NetSuite.
Because we kept billing, revenue recognition, and reporting in Maxio, utilizing NetSuite as a general ledger only, our finance team was able to implement our new GL in four weeks.
According to Maxio’s VP of FP&A Tina Christofferson and Staff Accountant Schael Scenti, our transition from QuickBooks to NetSuite was seamless due to:
Already having Maxio implemented internally and using it daily
The Maxio implementation team’s vast NetSuite experience
Our financial data was well organized within both QuickBooks and Maxio
Integrating Maxio with NetSuite has numerous benefits
Similar to many of our customers, Maxio’s finance team chose to leverage NetSuite as a general ledger for greater financial control and better visibility into entities and business lines. When paired with Maxio, we’re able to see SaaS metrics and analytics and really drill down into business performance.
According to Christofferson, using the two systems together has sped up our reporting time significantly. NetSuite's financial reporting and Maxio’s SaaS metric reporting enable us to estimate future expansion and contraction, giving us a better idea of future cashflows and which levers we can pull to drive future growth.
We actually were able to complete our implementation into NetSuite within about four weeks… I think one of the most valuable parts of that was we already had Maxio implemented. Our revenue is done through the Maxio system, so it was pretty seamless to get GL information uploaded into NetSuite.
Shael Scenti, Maxio
Staff Accountant
Using Maxio and NetSuite together really helps us manage cash properly and make sure we have insight into what's going to happen in the next three months along with what's going to happen over the next year with the ARR reporting.
Tina Christofferson, Maxio
VP of FP&A
What are your biggest financial challenges?
You can’t expect to build a highly profitable SaaS company through manual processes alone—especially when it comes to managing your finances.
This guide shows you how Maxio automates accountants, controllers, and SaaS finance leaders' day-to-day workload, and how it can eliminate your financial headaches for good.