An innovative company focused on the nexus of security and networking, Q1 Labs
is the developer of QRadar, the industry’s most powerful network security management platform. QRadar integrates previously disparate network and security
functions into one solution. Moving their headquarters from Canada to the U.S.,
while preparing for tremendous growth, revealed a need to improve accounting
practices and procedures. To help implement superior accounting processes, Q1
Labs utilized Paragon Software Solutions, a Microsoft® Certified Business Solutions Partner, which provides sales, installation, customization, training and support
for Great Plains software. With Paragon’s expertise, Q1 Labs planned and implemented smoothly the integrated solution that offers powerful financials, accounting
and other customized solutions.
Founded in 2001, Q1 Labs is an innovative company focused on the nexus of security and networking. Their QRadar product integrates previously disparate
network and security functions into one solution. Its unique combination of Network Knowledge and Security Intelligence provides enterprises with threat
mitigation, compliance support, policy enforcement, operational efficiency and continuous improvement of security posture. QRadar cuts through the clutter created by multiple point products to find, isolate, prioritize and fix offenses. It solves the problem of disparate security tools that do not work effectively
together to stop threats before they affect the business. This convergence ties the impact of security threats directly to specific business assets and services,
reduces acquisition and operation costs and increases accuracy. QRadar Network Security Management is the command-and-control center needed for true enterprise security.
Challenged with moving their headquarters from Canada to the U.S., in conjunction with a round of venture financing and preparing for rapid company growth, Q1 Labs turned to Paragon Software Solutions.
Paragon Software Provides a Breadth of Knowledge
During the move of their headquarter location, Q1 Labs realized that their general ledger system would not scale up to meet the company’s growing needs. But that wasn’t all.
“We had to address very complex, multi-currency accounting issues, implement new accounting processes and automate our accounts payables and receivables,” commented Bob Fincke, Vice President of Finance at Q1 Labs, who
also has 20 years of high-level finance experience for multiple high technology companies. “Additionally, we uncovered some non-standard accounting practices that needed to be fixed. With the relocation, we had very little time to address the issue of a new accounting system.”
Fortunately, Fincke had worked with Paragon Software Solutions at three other companies and knew about their extensive knowledge,
as well as the experience they had which could facilitate Q1 Labs’ challenge of implementing a new system, quickly.
Paragon Software is a full-service software business partner that ensures implementing the best solutions by:
- Interviewing employees to identify where specific solutions need to be implemented
- Recommending solutions for various manufacturing, field service and accounting processes, including “out-of-the box” and customized solutions
- Identifying areas where it makes sense to change functional processes within an organization rather than customizing software to match the organization’s processes
- Aiding in the product evaluation process
- Helping to collectively identify the right solution, setting realistic schedules and implementing the product that makes the best business sense
- Providing software training for employees, as well as on-going technical support and consultation