From NetSuite to DualEntry: How Virsec Streamlined Multi-Entity Accounting and Cut ERP Costs

About Virsec

Virsec is a cybersecurity pioneer redefining how software is protected. The company's application-aware workload protection platform stops sophisticated attacks at the first point of insurgence, securing software as it executes, in real time. Backed by more than $137 million in funding from investors including former Cisco Chairman and CEO John Chambers and former EMC Chairman and CEO Mike Ruettgers, Virsec holds 50+ patents and serves customers across critical infrastructure and global enterprise.

But like many high-growth technology companies, Virsec's back office was carrying more weight, and more cost, than it needed to.

The Challenge: Enterprise ERP Overhead Without Enterprise Headcount

Virsec's accounting ran on NetSuite, administered through a third-party firm at a premium price. The setup was heavy for the company's stage: a lean finance function supporting two legal entities (US and India) across two currencies, with a fractional team handling the close.

When Ignition Consultants took over Virsec's finance and accounting function, pairing FP&A leadership with Jessica (Shisi) Peng as fractional controller and an offshore bookkeeping team, they re-evaluated the stack from the ground up.

Going back to QuickBooks wasn't an option. "There were two reasons Virsec couldn't go back to QuickBooks," Peng explains. "The reporting isn't very good, and most importantly, they have two entities. QuickBooks doesn't support multi-entity at all."

But the classic next step, NetSuite or Sage Intacct, meant legacy-ERP pricing, slow offshore support queues, and batch-based processes built decades ago. Virsec needed the multi-entity capability of an enterprise ERP with the intuitiveness and economics of a modern platform.

The Solution: An AI-Native ERP Built for fast scaling companies

Virsec became one of DualEntry's early customers, migrating both entities onto the platform. What sold leadership was straightforward: clean, intuitive reporting and the ability to produce departmental P&Ls out of the box, exactly what the CEO wanted to see every month.

For the accounting team, the wins showed up in the daily workflow:

Multi-entity consolidation and intercompany eliminations. DualEntry handles Virsec's US-India intercompany eliminations automatically and intuitively. "Elimination, the intercompany part, is much easier and much more intuitive with DualEntry," says Peng, contrasting it with the antiquated batch processing required by legacy systems.

Reporting you can actually work with. "The ability to slice and dice your balance sheet or income statement, that's really good, and it's really easy to do," Peng says. Drilling from a financial statement down to individual transactions takes seconds.

Reliable bank reconciliation. DualEntry's bank rec is robust and fast, giving the team a dependable close-out on cash every month.

Bulk uploads and amortization schedules. DualEntry built bulk upload for revenue recognition entries at Peng's request. "That's a feature you definitely don't get in QuickBooks. It made life a lot easier." Flexible amortization scheduling replaced spreadsheet-driven manual work.

Granular permissions and period close. With a distributed team of external bookkeepers, controls matter. Opening and closing periods in DualEntry is "intuitive and at a sufficiently granular level, on par with NetSuite and Sage Intacct," Peng notes, while remaining easy enough that a team trained on QuickBooks ramped quickly.

Support that answers. "With the legacy ERPs, you send a support ticket and get a response a long time later," Peng says. "With DualEntry, it's a US-based team. Someone you can refer to by name, report an issue to, and actually get responses. I highlight that even on customer reference calls."

The Results

• Two entities, one system: automated intercompany eliminations and consolidated reporting across the US and India, replacing a costly managed-NetSuite arrangement
• Departmental P&Ls and self-serve reporting delivered to leadership every month
• A streamlined close run by a lean fractional team
• Meaningful cost savings versus the prior third-party NetSuite arrangement

Betting on the Platform That's Moving Forward

For Peng, who has implemented and worked across nearly every system in the mid-market ERP landscape, the difference with DualEntry isn't just where the product is today. It's the trajectory. Legacy players are standing still or, in some cases, shipping changes their users actively dislike. DualEntry ships fast and listens faster.

Choosing an ERP used to mean buying the biggest, oldest system you could afford and bending your team around it. Virsec's bet was different: pick the AI-native platform that fits how a modern, lean finance team actually works, and let the product grow with you. A year in, that bet is paying off.