Case Study: Olive Software
"I have nothing but glowing things to say about Nextage. I can't say enough about them. They are very good people, very customer oriented and they're certainly competent."
Susan Davis, Chief Financial Officer, Olive Software
Olive Software is a leading provider of digital publishing solutions that enable organizations to publish rich, interactive, and searchable media by automatically transforming documents into intelligent content components, or micro-content. The company was founded in the year 2000 and has offices in the US and in Israel.
"The people at Nextage make all the difference. I couldn’t ask any more from our Controller, Amy Nisman. She is intelligent, responsive, responsible and a pleasure to work with. Ofer Katz must be very good at hiring and training his staff."
Susan Davis,
CFO, Olive Software
Founded: 2000
Description: Document Creation Software
Offices: Colorado, US
Kfar Saba, Israel
Challenge
In early 2010, the company was re-establishing some of its divisions and undergoing cost reduction. An organization the size of Olive Software requires all roles of the finance professional chain but to differing degrees. Often it means a little bit of bookkeeping, a little bit of controlling a little bit of CFO services. Finding an in-house professional willing or able to do the variety of roles needed is difficult.
The idea of contracting an outsourced accounting firm was brought to the table by one of the members of Olive's management and though the team was divided on the matter, they had eventually decided to hire Nextage.
Solution
Olive software has branches in the US and in Israel. The company's CFO, Susan Davis, oversees the entire financial operation. Nextage began working with Olive Software in February 2010 taking care of 90% of all bookkeeping and accounting requirements of the Israeli subsidiary.
Amy Nisman, Nextage's assigned controller to Olive Software has brought great value. For some companies, the main concern when considering outsourcing an accounting service involves response speed issues. If the employee is not working in-house, it may cause gaps in response and delays in treatment of matters.
Nextage is very client-oriented and the team works effectively to reduce that time gap and assure that there is not a question or an issue that goes unanswered. Besides providing the high attentiveness of a skilled professional, Amy Nisman and Susan Davis, have worked out a system of reporting that delivers the required financial data in advance. Efficiency is maximized and issues relating to time and location are resolved.
Additionally, Nextage's assigned controller has assisted in making Israeli accounting issues better understood. This is important for a company that has to manage offices in different countries, owing to different accounting systems.
Nextage's large professional team has vast experience in all aspects of the financial operation of a business. This is one of the advantages any organization that hires Nextage enjoys. Any single professional working for a company is backed up by a pool of knowledge. When a question arises for the assigned controller regarding any financial issue in Olive Software, there is always additional expert support to be reached on the spot.
Results
Olive Software continues to employ Nextage for most of its accounting and bookkeeping requirements and enjoys a great service. The entire management team is now fully convinced that contracting Nextage has paid off.
Case Studies & Testimonials