Intacct Launches Intacct MAX for QuickArrow

Published on January 26, 2009 in Computer & Electronics, Computer Software, Internet, Technology

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New Module Seamlessly Connects Intacct and QuickArrow to Deliver a Single, Integrated Quote-to-Cash Process for Professional Services Organizations

SAN JOSE, Calif. (January 26, 2009) –

Intacct, a leader in on-demand financial management and accounting applications, today unveiled Intacct MAX(TM) for QuickArrow as part of its launch of Intacct Winter 2009, the latest edition of the Intacct financial management system. Designed to dramatically improve the productivity and financial performance of businesses with professional services organizations, Intacct MAX for QuickArrow delivers pre-packaged integration between Intacct and QuickArrow, a leading Professional Services Automation (PSA) solution, and works together with Intacct’s already widely deployed pre-packaged integration with salesforce.com.

Managing a profitable professional services business without integrated PSA and financial management can be challenging and time-consuming. Project-related data becomes trapped in siloed systems and spreadsheets, making accounting for those projects difficult. Billable hours are not fully tracked and expenses that should be charged to clients are not always fully captured. Billing clients accurately and recognizing revenue appropriately are manual and challenging. Basic questions like customer and project profitability can be difficult or impossible to answer. Intacct MAX for QuickArrow helps bridge the gap between sales, the service delivery team and the finance organization by streamlining and automating the quote-to-cash process to ensure accurate and timely billing, expense management, revenue management, and employee reimbursement.

What’s New

* Intacct has launched Intacct MAX for QuickArrow, an add-on application module for Intacct that complements the already available Intacct MAX(TM) for Salesforce to streamline the quote-to-cash process for companies in the services sector, such as consulting and professional services firms, as well as companies across all industries with professional services organizations.
* Through seamless, pre-built integration between Intacct and QuickArrow, Intacct MAX for QuickArrow uses Web Services to enable bi-directional synchronization of information between the QuickArrow PSA solution and Intacct’s financial applications – speeding processes and removing the chances for data re-entry errors.
* Intacct MAX for QuickArrow enables business leadership to make proactive decisions based on real-time actionable information about the profitability and success of clients and projects, and helps Finance effectively track cash flow, billing and collections.
* Intacct MAX for QuickArrow further strengthens the Intacct on-demand ecosystem by delivering another certified integration between best-of-breed Software as a Service (SaaS) applications.
o Intacct has previously launched Intacct MAX for Salesforce, as well integration with leading SaaS companies such as Adaptive Planning, Avalara, Boomi, Bill.com and SpringCM through the Intacct-Ready(TM) partner program.

Key Business Benefits
Intacct MAX for QuickArrow delivers significant business benefits for joint customers, including:

* Improved visibility by enabling real-time information and actionable insight into a company’s services projects and finances
* Increased productivity by eliminating time-consuming and error-prone duplicate data-entry
* Expanded automation by complementing Intacct MAX for Salesforce to deliver a single, fully-automated and integrated quote-to-cash business process that spans the Sales, Services and Finance teams
* Timely and accurate revenue recognition by streamlining the project tracking, accounting and billing processes
* Improved employee satisfaction by expediting and better managing the employee expense reimbursement process
* Minimizes IT and support costs by delivering vendor-supported and maintained integration between market leading on-demand solutions from salesforce.com, QuickArrow and Intacct.

Availability
Intacct MAX for QuickArrow is available immediately and can be purchased directly from Intacct or through Intacct’s network of CPA, financial outsourcing and business solution provider partners.

Comments on the News
“Intacct MAX for QuickArrow continues our strategy of providing companies with a robust ecosystem of pre-integrated SaaS applications to run their business,” said Betsy Bland, vice president of product marketing at Intacct. “Unlike single vendor suites, that often feature a conglomeration of mediocre solutions, Intacct allows its clients to choose the individual best of breed solutions that best meet their needs – where integration is jointly developed, maintained and supported by Intacct and its partners.”

“For companies with billable professional services organizations, the combination of Salesforce.com for CRM, QuickArrow for Professional Services Automation and Intacct for Financial Management is a best of breed on-demand trifecta,” continued Betsy Bland. “Intacct MAX for QuickArrow, along with our existing Intacct MAX for Salesforce, bridges the gaps between sales, services and finance by pre-integrating Salesforce, QuickArrow and Intacct, allowing each part of the organization to use their favorite, most productive on-demand applications. With Intacct and our partners Salesforce and QuickArrow, no one has to make single vendor suite compromises anymore.”

“The launch of Intacct MAX for QuickArrow is another significant milestone in our relationship with Intacct,” said Kevin Bury, CEO of QuickArrow. “In a SaaS world, the responsibility for ensuring successful integrations falls on the vendors, not our clients. This seamless integration between our applications will enable businesses to increase profits by eliminating error-prone, manual processes and provide immediate visibility into the utilization of their Services organization. Intacct and QuickArrow are excited to offer companies the option to streamline and automate the quote-to-cash process.”

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 or call 877-437-7765.
Media Contact:
Peter Olson
Tel: 408-878-0951
Email: polson@intacct.com

Source: Intacct

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