Reflexis Systems, Cutsforth Products and RAMS Group Deploy Intacct’s On-Demand Financial Applications

Published on September 11, 2006 in Computer & Electronics, Computer Software, Internet, Technology

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More Small and Midsize Businesses Select Intacct for Easy Integration, Multi-Company Consolidation and Other Key Features Lacking in Most On-Demand ERP Systems

SAN JOSE, Calif. (September 11, 2006) –

Intacct Corporation, the leader in on-demand financial applications, today announced that Reflexis Systems Inc., Cutsforth Products Inc. and RAMS Group are among the latest small and midsize businesses to deploy Intacct’s Web-based financial, supply chain, business intelligence and project management suite. Refusing to settle for limited product functionality, weak integration services and lack of multi-company support, more than 2,000 companies across a range of industries today rely on Intacct to reduce IT costs, manage rapid growth and increase profitability.

Instead of costly upfront license fees, Intacct charges users only a low monthly subscription fee to access the financial applications anytime, anywhere on the Web. The software-as-a-service model effectively eliminates the cost of additional hardware, software and IT staff.

As Intacct customers acquire new entities and expand past regional geographies, the ability to add users, integrate additional systems and manage multiple subsidiaries and business units rise in priority. Intacct’s customization and integration services enable companies to connect third-party applications and automatically synchronize data with each entry.

Information across the entire organization is displayed in real time on role-based dashboards, which can be configured for the CEO, CFO, COO, VP of Sales, and other managers and employees. Users can view and drill down into the specific key metrics to discover new revenue opportunities, identify costly inefficiencies and improve business performance. The result is increased profitability.

“We are seeing an emerging trend of customers who demand freedom of choice in how to buy and build their business-management suites,” said Robert J. Jurkowski, CEO and president of Intacct. “From startups to publicly traded multinationals, companies of all sizes want to decide for themselves which sales force automation, human resources and accounting solutions to integrate and use. The notion that mid-market companies can grow and succeed with a single application, built for small businesses, is a bit far fetched.”

Recent Intacct customers include:

Toronto-based RAMS Group provides managed billing and provisioning for Internet service providers (ISP), wireless Internet service providers (WISP), voice over IP, Web hosting, application service providers (ASP), software as a service (SaaS), cable and telecommunications companies.

“We evaluated NetSuite and quickly realized that it wouldn’t take long before we would have outgrown its hosted solution,” said Eduardo Arroyo, vice president of operations at RAMS Group. “The ability to add and manage multiple users, applications, currencies and business units makes Intacct the last financial application we will ever need. In addition to our preferring Salesforce.com’s CRM application, NetSuite wanted us to standardize on its billing system, which is a severely trimmed-down version of the enterprise billing and provisioning solutions we sell.”

Reflexis Systems, based in Norwood, Mass., provides Web-based precision workforce management solutions for leading retailers, including Barnes & Noble, Circuit City, Dick’s Sporting Goods, Pep Boys, Staples and The Home Depot.

“As a rapidly growing company with global operations, we need an on-demand financial application suite that scales as we grow and supports our distributed organization,” said Daniel M. Clarke, CFO of Reflexis Systems. “Intacct enables us to set up and run international operations in Europe, India and the United States, each with its own account structure, business processes, currencies, taxes and regulatory requirements.”

Cutsforth Products, of Cohasset, Minn., sells products and services to the industrial and power generation industries.

“Intacct gives us the freedom to integrate Salesforce.com’s CRM, ADP’s payroll and other critical best-of-breed applications we need to successfully grow our business,” said Robert Cutsforth, CEO of Cutsforth Products. “We thoroughly researched other business-management suites, but found that they are either cost prohibitive or lack basic business functionalities required in the light manufacturing industry.”

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, supply chain, 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 as you grow makes Intacct the last financial management suite you’ll ever need. 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.

About RAMS Group
RAMS Group provides comprehensive Managed Billing and CRM Services for service providers. RAMS Group offers low cost of ownership, pre-integrated products, customized solutions and outsourcing services that enable companies to accelerate growth, build customer trust, orchestrate operations that will in turn build customer loyalty, reduce churn, increase ARPU and set in place the framework to capitalize on time-to-market and market share expansion. For more information, visit RAMS Group at www.rams-group.com

About Reflexis Systems, Inc.
Reflexis helps major retailers turn strategy into action with the integrated RetailAction(TM) suite of Retail Execution Management solutions. Staples, The Home Depot, Food Lion, Dick’s Sporting Goods, B&Q, Circuit City, and many other Retail 500 chains are relying on Reflexis to help them deliver on their retail brand promise every day. Reflexis customers have reported dramatic improvements in store-level compliance with corporate strategies, empowering them to increase average sales ticket and improve field and store management throughout their chains. Reflexis provides its solution using either a license or SaaS model. For more information, visit http://www.reflexisinc.com
Bill Akerson
Intacct Corporation
(408) 878-0938
pr@intacct.com
Robert DeMers
RAMS Group
(416) 607-5727
robert.demers@rams-group.com
Keshav Shrivdasani
Reflexis Systems, Inc.
(781) 278-9919
keshav.shrivdasani@reflexisinc.com

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

Source: Intacct

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