Childrens’ Creative Learning Centers Goes Online with Intacct’s Web-Based Financial Management Applications

Published on October 24, 2006 in Computer & Electronics, Computer Software, Internet, Technology

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Intacct and Childcare Online Services Team Up to Provide CCLC with Integrated Financial and Childcare Management Software as a Service

SAN JOSE, Calif. (October 24, 2006) –

Intacct Corporation, the leader in on-demand financial applications, today announced that Childrens’ Creative Learning Centers, Inc. (CCLC), one of California’s leading providers of employer-sponsored childcare and early childhood education, is using Intacct’s Web-based financial, supply chain and business intelligence software to manage the finances of its 18 childcare centers in California and Colorado.

CCLC is integrating Intacct with an on-demand childcare management suite from Childcare Online Services (COS), a provider of Web sites, online marketing, e-newsletters, automatic tuition collection, and time-and-attendance tracking software for the childcare industry. Combining Intacct and COS allows CCLC to cost-effectively run the operations of its preschools, including several on-site or near-site centers at Fortune 500 companies.

Parents using CCLC’s services receive automatic email reminders, read online newsletters, check schedules and view pictures of their kids’ activities via a secure login on the CCLC Web site. Employers can register and request backup care directly on the CCLC Web site.

CCLC can efficiently and accurately manage the finances of its growing network of childcare facilities. While CCLC directors at each center manage tuition billing and payments online, accounting staff at the company’s home office in Sunnyvale, Calif. consolidates the books and analyzes business performance on a per-location basis.

“The COS and Intacct online solution enables us to work more productively and more cost-effectively,” said Kelli Stricker, director of finance at CCLC. “It also gives us access to more accurate financial information. These are key issues for optimizing our business, especially while the company is in rapid-growth mode.”

“Our productivity has significantly improved using the COS-Intacct solution,” said Ty Durekas, CEO of CCLC. “With Intacct’s financial management applications, we now can access our financial data from virtually anywhere, anytime. Intacct has given us the ability to monitor our business information on a real-time basis and run reports on demand. In addition, the COS services allow us to manage every aspect of our center business operations online.”

“CCLC’s adoption of the COS-Intacct on-demand business solution is setting the trend for how successful and fast-growing childcare companies are taking advantage of Web-based technology to be more competitive and better serve their clients,” said Simon Ho, president of COS. “Historically, cost constraint and lack of IT resources have caused childcare organizations to fall behind in adopting technology. Because the COS-Intacct software suite is delivered as a monthly subscription service over the Internet, childcare providers can leverage the Web to support their businesses without making big IT investment.”

About Childrens’ Creative Learning Centers
Childrens’ Creative Learning Centers develops childcare solutions for employers and manages childcare programs throughout the United States. Each program is designed to meet the needs of the families we serve. More information can be found at www.cclc.com.

About Childcare Online Services
Childcare Online Services (COS) provides Web-based Childcare Management Software as a Service to the childcare industry. The services include all essential functions for childcare operations from the front to the back office, including functional Web sites, online marketing, eNewsletters, online family accounting, automatic tuition collection, and time and attendance tracking for both parents and staff. These functions are fully integrated, highly automated and 100% Web-based. COS services help providers gain a competitive advantage by increasing parent satisfaction, reducing operational cost, and allowing directors to manage the business anywhere, anytime. The service is very affordable to childcare providers and no software purchase, maintenance and upgrade is required. Headquartered in Cupertino, California, COS has development and customer support operations in Chennai, India.

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’s financial management system 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

Cindy O’Mara
CCLC
(888)552-2288
comara@cclc.com

Simon Ho
Childcare Online Services
(408) 963-9004
simon@childcareos.com

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

Source: Intacct

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