Intacct Adds Another 1,000 New Subscribers in
SAN JOSE, Calif. — October 17, 2006 — Intacct Corporation, the leader in on-demand financial applications, today announced that it has signed up more than 1,000 new subscribers for its Web-based financial management suite in the first quarter of fiscal 2007, which ended September 30. More than 9,000 subscribers at 2,000 small and midsize companies now use Intacct’s Web-based financial, supply chain, business intelligence and project management suite to run their back-office operations.
The strongest demand comes from application providers that leverage the Intacct® for Software Companies suite to grow, profit and comply with GAAP and Sarbanes-Oxley. Software companies overcome complex financial issues with Intacct’s revenue recognition, contract management and advanced billing features. The project management application helps software companies deliver superior customer service and optimize cash flow. As they grow, software companies can easily add new users, applications and business units to Intacct.
“The transition to the software-as-a-service model, where revenue is based on subscriptions instead of upfront license fees, adds complexity to software companies’ financial management,” said Robert J. Jurkowski, CEO and president of Intacct. “To help our customers succeed, we provide them with exactly the same business processes and internal controls that Intacct has used to become one of the fastest-growing software companies.”
In addition to computer software companies, Intacct has signed up new customers in a wide range of industries, including professional services, computer hardware, computer services, construction, wholesale and distribution, e-commerce, health care, manufacturing, non-profit, retail and more. Recent Intacct customers include:
Abound Networks
Acopia Networks
Anacapa Marketing Services
Atlanta Refrigeration Services
BuildLinks
CapStone Partners
Core Security Technologies
CRS Business Associates
GAC Solutions
GetActive Software
Hague Quality Water
Hawaii Superferry
Masonic Grand Lodge of California
Navis
NetLook
Northland Hearing Centers
Packet Design
Platinum Communications
Quench Fine Wines
REDI Desarrollos Inmobiliarios
Reflexis Systems
SecureEdge Networks
Sonopia
Zend Technologies
In addition to a growing direct sales force, about 50 percent of Intacct’s new business is generated by its partner network, which comprises Salesforce.com, IBM, value-add resellers, accounting outsourcers and vertical software solution providers. Intacct’s three Salesforce.com AppExchange products—Order Management, Expense Management and Financial Management—allow customers to tightly integrate their sales operations with Intacct’s financial, order entry, purchasing, inventory and project management applications. The result is a complete on-demand application suite that gives small and midsize companies a 360-degree view of their business.
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