Leading CPA Firm N. Cheng and Company Uses Intacct to Improve Service to Not-for-Profit Clients

Published on July 14, 2009 in Computer & Electronics, Computer Software, Internet, Technology


Firm Looks to Cloud Accounting Software to Increase Collaboration with Clients and Gain Greater Insight for Strategic Decision-Making

SAN JOSE, Calif. (July 14, 2009) –

Intacct, a leader in cloud financial management and accounting applications, today profiled leading CPA firm N. Cheng and Company’s use of Intacct to gain real-time access to client data from anywhere, improving efficiency and increasing collaboration with clients. Intacct has also helped the firm greatly improve reporting, allowing them to offer more strategic advice to clients looking to maximize business success.

N. Cheng, a New York City based Financial Management Services firm, specializes in not-for-profit, healthcare, international and government work, but also provide services to an increasing number of educational organizations and for-profit companies. With staff working from multiple locations and clients spread across the U.S. and internationally, N. Cheng needed a way to establish and maintain real-time connections with its clients so financial information could be accessed at any time and from any location.

From early on, N. Cheng identified that cloud computing was the future of technology for the CPA industry and was an early adopter of Intacct. The firm was attracted by Intacct’s ability to deliver 24-hour data access, superior reporting capabilities and support for multiple clients in a single system. N. Cheng also knew that it didn’t want to have to put forth a lot of IT resources and budget to support a variety of on-premises software solutions.

“We are committed to the success of our clients, so they can focus on their commitments to those in need,” said Steve Jorgensen, principal, financial management services at N. Cheng & Company. “Intacct delivered a way to improve our business as well as to improve the services we provide to our clients. Since we first signed up in 2001, Intacct has helped us reduce the time and effort it takes to complete the financial management services we provide – making us more productive and saving our clients money.”

Intacct’s flexible, cloud-based accounting software enables instantaneous information sharing with clients so N. Cheng can fulfill its role as a strategic part of its clients’ finance operations. For example, clients or N. Cheng staff alike can now easily view accounts payable status and cut checks as necessary, as all financial data resides in a central location. This concurrent access eliminates the need for the many phone calls, faxes and emails that were required previously to coordinate between client and firm – saving both N. Cheng and its clients a tremendous amount of time. In addition to greater efficiency, this helps N. Cheng focus its efforts on the activities that provide the most value to clients.

Since deploying Intacct, N. Cheng has also enjoyed the ability to quickly and easily create reports that enable them to provide more strategic advice to clients. Intacct makes it easy for staff at N. Cheng to create reports and dashboards that reflect the real-time performance of the clients’ business. Drill-down capabilities also allow users to dig into the data behind the reports. The Intacct applications facilitate seamless collaboration between N. Cheng staff and their clients to ensure all aspect of the clients’ operations are optimized and meeting government guidelines.

“Intacct has revolutionized our business, transforming us from providing traditional after-the-fact accounting services to a leading firm of forward thinking, proactive advisors,” commented Jorgensen. “Intacct’s financial management applications give us the ability to quickly view, understand and take action in real-time to respond to our clients’ changing business conditions. This has enabled us to increase both our clients’ and our own success.”

To download a full case study on N. Cheng and Company’s use of Intacct, please visit http://www.intacct.com/downloads/NChengCompany.pdf.

Intacct Accountants Program
The American Institute of Certified Public Accountants (AICPA) and its subsidiary CPA2Biz have named Intacct their preferred provider of financial applications, and CPA2Biz is now the exclusive distributor of Intacct to the CPA profession. To learn more about the Intacct Accountant Edition or how to join the Intacct Accountants Program, please visit http://www.cpa2biz.com/intacct.

About N. Cheng and Company
N. Cheng and Company is a CPA firm offering audit and financial management services. Experienced, open-minded, collaborative and hard-working personnel combined with the latest technology enables N. Cheng to provide clients with an array of solutions designed to support specific business needs, overall health and growth. For more information, visit www.ncheng.com.

About Intacct
Intacct is a market and technology leader in on-demand financial management and accounting applications. 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 Software as a Service.

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

Media Contact:

Peter Olson

Source: Intacct

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