Intacct Financial Management Suite Picks Up Steam in the Software Industry

Published on July 10, 2006 in Computer & Electronics, Computer Software, Internet, Technology


Dozens of Software Makers Have Recently Deployed Intacct to Take Advantage of Real-Time Access to Critical Business Information

SAN JOSE, Calif. (July 10, 2006) –

Intacct Corporation, the leader in on-demand financial applications, today announced that OrderMotion, Inc. and JME Software, LLC are among dozens of software companies that have recently deployed Intacct’s financial management suite to run their business operations.

All three Intacct suites–Intacct Xpress, Intacct Small Business and Intacct Enterprise–provide software companies with anytime, anywhere access to real-time information about their businesses, including sales, expenses and profit margins by product line. Information on Intacct’s dashboards can be configured for each specific role in the organization, allowing CEOs, CFOs and other managers to make better day-to-day decisions by analyzing and sharing accurate key metrics directly from their desktops. Users can easily integrate third-party applications, such as CRM, HR and e-commerce, to display information from all their business software on Intacct’s role-based dashboards.

In addition, Intacct provides a complete set of advanced financial features to successfully run a software business. To overcome complex financial issues specific to the software industry, Intacct recently added revenue recognition. With each sales transaction, Intacct automatically creates revenue recognition schedules, which can be modified throughout the period. Other advanced financial features Intacct provides include deferred revenue management, advanced billing, renewal management, pricing management and revenue forecasting.

“Few financial management suites for small and midsize businesses provide the insight and advanced financial capabilities that Intacct has built into its solution,” said Robert J. Jurkowski, CEO and president of Intacct. “After almost 25 years in enterprise applications, I can safely say that the software vendors who settle for an on-premise solution or on-demand suite lacking role-based dashboards and advanced financial features, such as revenue recognition, are put at a real disadvantage compared to Intacct’s customers.”

Software companies who have standardized on Intacct include:

OrderMotion, a Web-based order and fulfillment management system for multi-channel retailers, is deploying Intacct across its operations in New York, Boston and Toronto. OrderMotion is also integrating Intacct as a private-labeled back office module in its retail software-as-a-service solution. “We turned to Intacct for a financial management suite that will scale as quickly as we grow,” said Donny Askin, CEO of OrderMotion.

“We were so impressed with Intacct’s deep functionality that we decided to add it to our order and fulfillment management system, taking to market an integrated best-of-breed solution that outperforms many of our competitors’ off-the-shelf packages.”

JME Software, of Sugar Land, Texas, is getting ready to launch a next-generation enterprise solution later this year. To manage its distributed business units, JME Software selected Intacct as its first financial application.

“Intacct provides our executives worldwide with a flexible portal to easily monitor the company’s performance,” said Brian Helman, CFO at JME Software.

About Intacct Corporation
Intacct provides on-demand financial applications for more than 2,000 small and midsize businesses. Over 8,000 users at startups and public companies pay a monthly subscription fee to access the first SAS 70 Type II certified financial management, supply chain management, business intelligence and project management suite on the Web, which enables corporations to comply with Sarbanes-Oxley. 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 and business units on demand makes Intacct the last financial suite you’ll ever buy. 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

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

Source: Intacct

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