Akonix Systems to Manage International Growth with Intacct’s On-Demand Financial Applications

Published on September 27, 2006 in Computer & Electronics, Computer Software, Internet, Technology

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Provider of World’s Most Deployed IM Security Products Wants Freedom of Choice to Connect Intacct to Any Business Software, Including Salesforce.com’s CRM

SAN JOSE, Calif. (September 27, 2006) –

Intacct Corporation, the leader in on-demand financial applications, today announced that Akonix Systems, Inc., provider of the most widely deployed instant messaging (IM) security and compliance products, is using Intacct’s Web-based financial management suite to run its rapidly growing worldwide operations. Akonix, whose products provide corporate customers with security and compliance for employee use of instant messaging for more than one million people across over 1,000 organizations, joins more than 2,000 businesses that today rely on Intacct’s subscription-based financial, supply chain, business intelligence and project management suite for reduced IT costs, easy scalability and increased profitability.

Instead of costly upfront license fees, Intacct charges Akonix only a low monthly per-user subscription to access the financial applications anytime, anywhere on the Web. The software-as-a-service model effectively eliminates the cost of additional hardware, software and IT staff.

With worldwide sales and research offices, Akonix turned to Intacct for a financial management suite that could support multiple companies, each with its own account structure, business processes, currencies, taxes and regulatory requirements. While maintaining discrete operations in the United States, Europe and Asia, Akonix can share consolidated financial information across the entire organization in real time on role-based dashboards, which are configured for the CEO, CFO, VP of Sales, and other managers and employees. Users can view and drill down into the specific key metrics to discover new revenue opportunities, identify costly inefficiencies and improve business performance.

Akonix is also integrating Intacct with Salesforce.com’s customer relationship management (CRM) software to complete the sales cycle — from lead to cash — in one Web-based business-management suite. Users can track leads, generate quotes, verify pricing and inventory, convert quotes to orders, track fulfillment, manage invoices, monitor customer satisfaction and book revenue. Intacct’s integration and customization services automatically synchronize information between the two applications with each data entry.

“As we continue our rapid worldwide growth in the IM security, compliance and management market, it is essential that we have the appropriate financial tools available in real time,” said Chuck Kimmel, chief financial officer at Akonix. “Intacct provides us with a feature-rich, Web-based application that integrates with our CRM software to give Akonix the most efficient and cost-effective financial management tools available.”

“Intacct is the only on-demand financial management suite that can scale at the accelerated pace of Akonix’ stellar growth in the global IM management market,” said Robert J. Jurkowski, CEO and president of Intacct. “With Intacct at the core of its back-office and Salesforce.com in the front-office, Akonix has built a best-of-breed business-management suite to run everything from sales, order entry and purchasing to accounting, inventory and customer support.”

About Akonix Systems, Inc.
Akonix is the most deployed IM security product in the world, enabling Global 1000 companies to deploy productive, enterprise-wide IM that is secure, compliant and managed.

Worldwide over one million people across hundreds of organizations in the Financial Services, Telecommunications, Energy, Technology, Healthcare and Entertainment industries use Akonix products. With more than 20 patent applications, Akonix’s 360° Security provides the industry’s only automatically-updated protection to block viruses and malware for both enterprise and public IM systems. Akonix has certified partnerships with all leading IM and presence providers including America Online, MSN, Yahoo!, Reuters, IBM, Microsoft, Jabber Inc., Antepo, and Bloomberg.

An IM industry first, the Akonix IM Security Center provides real-time information about spyware, worms, viruses and other vulnerabilities that target IM and P2P networks. The company issues monthly and quarterly IM threat watch reports to track key trends and vulnerabilities.

For further information on the company, please visit http://www.akonix.com.

About Intacct Corporation
Intacct provides on-demand financial applications for more than 2,000 small and midsize businesses. Over 9,000 users from startups to public multinationals pay a monthly subscription fee to access the first SAS 70 Type II certified financial, supply chain, business intelligence and project management suite on the Web–which enables corporations to comply with GAAP and Sarbanes-Oxley. Together with its strategic business partners, Intacct also offers a wide range of enterprise software to help companies of all sizes run their entire operations with one integrated application suite. Intacct supports all your business units, each with its own account structure, business processes, currencies, taxes and regulatory requirements. The ability to add more users, applications, currencies and business units as you grow makes Intacct the last financial management suite you’ll ever need. Headquartered in San Jose, California, with operations in Bangalore, India, Intacct is a privately held company funded by Deloitte & Touche, Emergence Capital Partners, Goldman Sachs, Hummer Winblad Venture Partners and JK&B Capital.

Bill Akerson
Intacct Corporation
(408) 878-0938
pr@intacct.com

Intacct is a registered trademark of Intacct Corporation. Other names may be trademarks of their respective owners.

Source: Intacct

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