Intacct Delivers Record Financial Results Again, Despite Economic Turmoil

Published on October 22, 2008 in Computer & Electronics, Computer Software, Internet, Technology

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On-Demand Financial Management Solution Proves Attractive to Companies Looking to Lower Total Cost of Ownership and Improve Financial Visibility

SAN JOSE, Calif. (October 22, 2008) –

While many on-premises software vendors are reporting slowing demand for their solutions, Intacct, a leader in on-demand financial management and accounting applications, continues to experience explosive growth. Today, Intacct announced another quarter of record growth in its first fiscal quarter of 2009, ended September 30, 2008. Intacct increased its new business by nearly 80 percent over the same period last year, which was a record quarter for Intacct at the time.

CEOs and finance executives of small and medium sized businesses are increasingly concerned about managing their business through the worsening economic climate. As the economy turns sour, it is more critical than ever to have a robust financial management and accounting system in place that provides:

* Real time financial and operational visibility across the business
* Proactive management of cash, receivables, payables and inventory
* Reduced labor costs by automating manual processes
* Minimal operating and capital costs via Software as a Service (SaaS) delivery

Thousands of companies facing these challenges use Intacct as their financial system of record. Intacct delivers Software as a Service accounting and financial applications that provide unmatched financial visibility and control for small and mid-sized businesses. The SaaS delivery model is particularly attractive in a tight economy because it offers companies the lowest total cost of ownership, as well as zero capital costs, extremely low start-up costs and the lowest risk for companies that need to move to a new financial system.

About Intacct
Intacct is a market and technology leader in on-demand financial management and accounting applications. The company’s award-winning solutions are used by thousands of businesses, from startups to public companies, and are designed to improve company performance and make finance more productive. Intacct automates key business processes from order entry through cash collection and procurement through vendor payment. The Intacct system includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Web via Software as a Service. Intacct is the only on-demand financial management solution seamlessly integrated with salesforce.com. As a company grows, Intacct’s deep and mature applications, SAS 70 Type II certification, and documented processes support Sarbanes-Oxley compliance for public enterprises.

Intacct is headquartered in San Jose, California, with operations in Bangalore, India. For more information, please visit www.intacct.com.
Media Contact:
Peter Olson
Tel: 408-878-0951
Email: polson@intacct.com

Source: Intacct

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