Intacct Winter 2009 Broadens Market for On-Demand Financial Management with New Products, Features and Pricing

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


Unsurpassed Global Business Management Fully Integrated Professional Services Automation Breakthrough Ease of Use and Adoption New Pricing for QuickBooks Graduates

SAN JOSE, Calif. (January 26, 2009) –

Intacct, a leader in on-demand financial management and accounting applications, today unveiled Intacct Winter 2009, the latest edition of the Intacct financial management system. Intacct Winter 2009 is highlighted by the delivery of the most comprehensive global business management capabilities available in any Software as a Service (SaaS) financial system, the introduction of two new applications – Intacct Global Consolidations and Intacct MAX(TM) for QuickArrow – plus breakthrough new ease of use features, a 66 percent reduction in the cost for QuickBooks® users to graduate to Intacct and more than 100 client and partner-driven features and enhancements.

What’s New in Intacct Winter 2009

* Intacct Global Consolidations, a new application that dramatically simplifies, automates and speeds the financial consolidation reporting and analysis process – one of the most complex and time-consuming financial tasks – at a fraction of the cost of today’s on-premises financial applications. Intacct clients can now:
o Effectively manage financial and operational information across complex, global organizations, regardless of location or currency, in real time
o Increase the speed, efficiency and compliance of the financial consolidation process through extensive automation and live, on-line access to all information across any business unit and at every level of detail
o Instantly report and analyze financial and operational data from every level of the corporate hierarchy and from every business unit, in any country and in any currency
o Gain insight into operational details by drilling down from consolidated corporate results all the way to individual transactions in any business unit
o Read the full Intacct Global Consolidations product announcement here.
* Intacct MAX(TM) for QuickArrow, a new application that combines Intacct with QuickArrow, a leading professional services automation solution. Designed to dramatically improve the productivity and financial performance of businesses with professional services organizations, Intacct MAX for QuickArrow helps bridge the gap between sales, the service delivery team and the finance organization. Intacct MAX for QuickArrow also works together with Intacct MAX(TM) for Salesforce, Intacct’s already widely deployed pre-packaged integration with Intacct clients can now:
o Gain efficiency by deploying a single, automated quote-to-cash business process for their professional services business
o Improve margins with real-time visibility into the profitability of projects and clients
o Stop revenue leakage by ensuring that all project related expenses are captured, accounted for, billed, and paid to the vendor or employee
o Automate billing and revenue recognition by tying project completion milestones together with financial processes
o Read the full Intacct MAX for QuickArrow product announcement here.
* Breakthrough ease of use and adoption brings Intacct a new user interface, leveraging Adobe Flex®, which increases productivity and effectiveness for all users and is designed to be particularly compelling for businesses that are ready to graduate from QuickBooks or other entry-level accounting systems. Intacct clients can:
o Access any part of the Intacct system in a single click through new customizable task-oriented menus and business process maps
o Find critical information immediately via new “Google-like” search for instant access to any data, process or transaction in any application
o Personalize the Intacct experience with a new dockable favorites bar that stores links to most frequently used applications, business processes and data
o Eliminate complexity and ensure adoption as Intacct automatically adapts to their unique business processes and configuration
* New pricing and implementation options that are designed to make Intacct even more attractive to businesses that are ready graduate from QuickBooks or other entry-level accounting systems. This reduces the first year cost to subscribe and migrate to Intacct by up to 66 percent. And unlike with on-premises systems, with Intacct there are no capital costs and no costs to implement hardware or software technology.
o Intacct pricing now begins at just $400 per month, a 50 percent reduction versus Intacct’s prior starting prices
o Selected Intacct Business Solution Providers are now offering fixed-price migration services from QuickBooks to Intacct for less than $2,000, a reduction of up to 80 percent from prior implementation charges

Intacct Winter 2009 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
“With more than a thousand companies leveraging Intacct’s extensive multi-entity and multi-currency capabilities today, Intacct is already the leader in automating the financial management of complex organizations,” said Mike Braun, president and CEO of Intacct. “Intacct Winter 2009 extends this lead in a major way and opens new markets for on-demand financial applications. Businesses will be amazed because many of these capabilities have never been possible with on-premises systems, at any price.”

“We’re working hard to make it a no-brainer for companies that are stretching the capabilities of QuickBooks to graduate to Intacct,” said Betsy Bland, vice president of product marketing at Intacct. “With Winter 2009, we’ve made great strides in delivering compelling functionality, high productivity and tremendous ease of use. Together with our Business Solution Providers, we’ve reduced the cost to graduate from QuickBooks to Intacct by two thirds. There has never been a better time to make the move to on-demand financials.”

“The process of managing a global organization like Vovici, operating across three continents and in six currencies, is extremely complex and time-intensive. Gaining real-time visibility is also challenging,” commented Hanne Dietrich, revenue manager at Vovici. “Intacct Global Consolidations is an intuitive and easy to use application that will enable us to dramatically accelerate our financial consolidation and close processes, and more easily gain real-time insight into our global business.”

“Today’s challenging economic environment is driving more and more businesses to evaluate and adopt SaaS alternatives that offer greater functionality at a lower total cost of ownership than traditional financial applications,” noted Jeffrey M. Kaplan, managing director of THINKstrategies, Inc. and founder of the SaaS Showplace. “Intacct Winter 2009 provides critical financial management capabilities without the upfront or ongoing costs, complexities, risks and distractions of legacy, on-premise software.”

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 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 or call 877-437-7765.
Media Contact:
Peter Olson
Tel: 408-878-0951

Source: Intacct

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