Intacct Broadens Reach into Services and Project-Based Businesses

Published on August 10, 2010 in Computer & Electronics, Computer Software, Internet, Technology

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Unveils New Cloud Computing-based Project Accounting Application, New Partnership with Clarizen, and Significant Ease of Use Enhancements

SAN JOSE, Calif. (August 10, 2010) –

Intacct today announced greatly expanded offerings for service and project-based businesses with the introduction of Intacct Summer 2010. Intacct Summer 2010, the latest release of the award-winning, cloud computing-based Intacct Financial Management and Accounting System, showcases a new Project Accounting application designed to maximize the performance and profitability of services organizations, a new partnership with Clarizen for integrated advanced work management capabilities, a new and simplified user interface, plus more than one hundred customer and partner driven enhancements.

“It is absolutely clear that leveraging cloud computing to connect service delivery employees with finance and business management will bring major benefits to service and project-based organizations of all sizes,” said Daniel Druker, SVP of Marketing and Business Development at Intacct. “Intacct Summer 2010 will help service based businesses improve cash flow, become more profitable, make better and faster decisions and at the same time deliver better service to their clients.”

Introducing Intacct Project Accounting
Intacct Summer 2010 is highlighted by the general availability of Intacct Project Accounting, the first complete, cloud computing-based project accounting application built on a deep and robust financial management and accounting foundation. [http://us.intacct.com/pr/intacct_project_acct] Intacct Project Accounting is a comprehensive set of tools that unify, automate and streamline the financial and operational processes in the service delivery lifecycle. Combined with Intacct’s award-winning cloud-based financial management and accounting applications, Intacct Project Accounting enables service businesses to maximize their performance and profitability, provide better service to their clients, and enjoy improved financial visibility and better real-time decision making.

New Partnership with Clarizen
For large services organizations with advanced project management and work management needs, Intacct has inked a new partnership with Clarizen, a leading provider of cloud project and work management solutions. [http://us.intacct.com/pr/clarizen_partnership] Under a new joint development, marketing and sales agreement, the two companies will integrate Intacct’s financial management and project accounting applications with Clarizen’s work management application, and will collaborate to bring the joint solution to market.

The joint Intacct-Clarizen solution will allow service employees to initiate, track, and manage the delivery of their projects in Clarizen, while the finance team leverages Intacct for invoicing, revenue recognition, employee expenses reimbursement, reporting and financial analysis. The companies are collaborating to seamlessly integrate the two systems, so service and project-based businesses can confidently and cost-effectively deploy these two best of breed, award-winning, cloud-based applications together.

New, Simplified and Streamlined User Interface and 100+ Enhancements
Intacct Summer 2010 features a redesigned and simplified user interface. Intacct is focused on continuously improving user experience and increasing user adoption and productivity by making it easy for any employee, subcontractor or other stakeholder to access and use the system. Enabling the broadest range of employees to leverage cloud computing to remotely participate and collaborate in automated and streamlined business processes helps companies improve overall productivity and reduce costs.

The cloud computing model allows Intacct to deliver enhancements monthly and major new features quarterly. Intacct clients leverage Intacct’s customer portal to suggest and vote on enhancements, which are quickly delivered by Intacct’s engineering team. In addition to Intacct Project Accounting, integration with Clarizen and a simplified user interface, Intacct Summer 2010 also includes more than one hundred customer and partner driven enhancements.

Industry Analysts Weigh In
“Our research shows that the service firms that use automated and integrated processes across their service delivery and financial systems are significantly more successful than their counterparts,” said Jeanne Urich, managing director at SPI Research, a leading workforce productivity research and consulting firm. “Unfortunately, the same research also shows that the vast majority of small and mid-sized services firms are stuck using homegrown and disjointed solutions or no formal systems at all. Intacct Project Accounting and the integration between Intacct and Clarizen provide mid-sized services firm with an opportunity to reap the benefits of leveraging an easy-to-use, integrated solution to maximize project performance and profitability.”

Availability
Intacct Summer 2010, including Intacct Project Accounting, is available immediately and can be purchased directly from Intacct or through Intacct’s partner network.

About Intacct
Intacct is the market and technology leader in web-based financial management and accounting applications for businesses and CPA firms. Bringing cloud computing to finance and accounting, Intacct’s award-winning applications are the preferred financial applications for AICPA business solutions. Intacct applications are used by thousands of businesses from startups to public companies and are designed to improve company performance and make finance more productive. The Intacct system includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via cloud computing.

Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765.

Media Contacts:

Peter Olson
408-878-0951
polson@intacct.com
Twitter:Intacct_Peter

Source: Intacct

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