Intacct Wins More Accounting Outsourcer Clients with Industry-Leading ERP On Demand Solution
LOS GATOS, Calif., February 28, 2005 Intacct Corporation, the leading provider of ERP On Demand, today announced that more accounting firms have switched to ERP On Demand — Outsourcer Edition as the platform for delivering outsourced accounting services over the Internet. Powered by IBM e-business Hosting services, ERP On Demand helps accounting firms increase revenues, enter new markets, provide higher profit margin consulting services and boost clients’ operational productivity. Among the companies migrating to ERP On Demand — Outsourcer Edition are Top 100 accounting firm SS&G Financial Services (Cleveland), Langan Associates, PC (Arlington, Virginia), Haney Accountants, Inc. (Roseville, California) and CMA Outsourcing, LLC (Bloomington, Minnesota).
Intacct delivers ERP software — financial, supply chain, professional services automation and business analytics — as services over the Internet for a monthly, usage-based subscription fee. In addition to eliminating the heavy costs and complex management of premise-based systems, companies turn to Intacct for deep financial management functionalities, ease of use and seamless integration with best-of-breed applications, including CRM, payroll and e-commerce.
“Intacct enables accounting firms to overcome the obstacles of distance and move up the revenue value chain from bookkeepers to virtual CFOs,” said Robert J. Jurkowski, CEO of Intacct. “To date, we have helped over 200 accounting firms grow their market share through innovative service offerings, increased profit margins and reduced overhead.”
ERP On Demand — Outsourcer Edition is a unique platform for accounting firms to serve customers anywhere in the world by managing their financial operations from a centralized location. Once data is entered into the system, firms can adjust numbers, generate customized reports and provide financial consultation based on real-time information. Source documents are attached to each transaction for online approval and audits. Private-branding, multi-entity and multi-currency capabilities are additional features.
Below are a few examples of the business benefits Intacct’s clients have reaped from using ERP On Demand. For more information on how accounting outsourcers leverage Intacct, please visit: http://www.intacct.com/clients_outsourcers.html
SS&G Financial Services — Outsource business grows 75%.
Accounting firm reported 75% growth in its outsourcing business when back-end operations could be managed remotely for multi-unit restaurant franchises, such as Papa John’s Pizza, Damon’s Grill, Qdoba Mexican Grill and Romano’s Macaroni Grill. With real-time visibility into each restaurant, SS&G also acts as a virtual CFO, providing the franchisees with valuable consulting services.
“The restaurant business is starving for accounting outsource services,” said Brad Saltz, Director at SS&G Financial Services. “Intacct ERP On Demand gives us the platform to satisfy the market’s appetite, using a secure, reliable and profitable solution.”
Langan Associates — New accounts are set up in days.
Rather than months of installing and configuring hardware and software, the country’s largest accounting firm to exclusively serve the not-for-profit industry can set up new clients in a few days. Boasting a client list of over 350 organizations, Langan simply clones charts of accounts, migrates data and provides online access when national associations add regional chapters.
“The CFOs have told us the migration to Intacct is the smoothest financial systems migration they have ever experienced,” said Nat Bartholomew, partner at Langan Associates. “Switching accounting systems is always dangerous. But with no new hardware or software to configure, we quickly upload the files to Intacct’s open platform without any data loss.”
Haney Accountants — Customer base expected to double.
Originally limited to acquiring customers based in Northern California, Haney Accountants this year expects to double the number of homeowner association clients. The firm can now deliver accounting, budgeting and human resource services to housing complexes throughout the West Coast.
“We have built the business around the Intacct application because it is the only solution out there that allows us to be a paperless, virtual controller,” said Donald Haney, CPA, president of Haney Accountants.
CMA Outsourcing, LLC — 25% productivity boost for customers.
Handing off back office accounting tasks to CMA Outsourcing allows customers to turn their attention to core front office business tasks. On average, a customer can expect productivity — time spent in the front office — to increase by 20% to 30% when CMA manages the back office.
“Outsourcing is a great complement to our portfolio of services, such as tax and advisory services,” said Michael Robb, principal at CMA Outsourcing. “Being able to provide Web-based outsourced accounting services across a variety of industries give us an attractive advantage over our competition.”
Intacct provides four ERP On Demand solution suites:
ERP On Demand — Multi-Entity Edition
The first on-demand business solution with multi-unit management applications to run distributed enterprises, such as restaurant franchises, retail chains and global corporations.
ERP On Demand — Enterprise Edition
Powerful ERP applications delivered as a service for small and mid-size businesses to customize workflow and manage business operations anywhere, anytime.
ERP On Demand — Outsourcer Edition
Accounting and business services outsourcers use ERP On Demand to manage financial and operational processes for clients worldwide. No need to leave the office, maintain on-premise hardware and software, hire and train client-site staff.
ERP On Demand — ISV Edition
ISVs integrate vertical applications into Intacct’s ERP platform, providing clients with comprehensive solutions by fusing back-end and front-end applications.
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