SOURCE: Intacct

Intacct

August 24, 2010 10:30 ET

RedVision Systems Graduates From QuickBooks to Intacct for Improved Financial Visibility

Property Research Leader Selects Intacct to Eliminate Inefficient Mix of Excel Spreadsheets and Multiple Copies of QuickBooks

SAN JOSE, CA--(Marketwire - August 24, 2010) -  Intacct, the leader in cloud financial management and accounting applications, today announced RedVision Systems has replaced QuickBooks with Intacct as its financial management system. RedVision selected Intacct for its flexible and extensible General Ledger, better ease of use, rich reporting and analytics, and proven, built-in integration with salesforce.com's CRM applications. After an extensive evaluation, RedVision chose Intacct over NetSuite and SAP Business ByDesign.

RedVision Systems, a national provider of real property research solutions, had been struggling with a financial management solution that consisted of Excel spreadsheets and four instances of QuickBooks. As the company grew, this combination became increasingly unworkable and they set out to find a more comprehensive and scalable financial management system. RedVision wanted a solution that was cloud-computing based, integrated with Salesforce CRM and offered world-class reporting and analytics capabilities.

"It became painfully clear we had outgrown the capabilities of QuickBooks and needed a more full-featured accounting and financial management system," said Gregory Thompson, vice president of finance and corporate development at RedVision Systems. "We evaluated Intacct, NetSuite and SAP's Business ByDesign and chose Intacct because it offered the most impressive set of financial applications that were also the most cost-effective and easy to use. We also liked that Intacct provides and supports the best integration with our salesforce.com CRM applications, and felt Intacct offered a solution that fit our needs today, while providing the flexibility to scale with us as we grow."

Thousands of companies have found themselves in a similar position as RedVision and made the jump from QuickBooks to Intacct. For companies outgrowing an entry-level financial solution like QuickBooks, Intacct provides everything they need to continue growing their business -- proven, deep and mature financial management and accounting applications, real-time financial visibility and control, reliable web-based access and a low total cost of ownership. 

In the past, RedVision's financial data was spread across multiple silos of information including spreadsheets and disparate QuickBooks files. There was no easy way to get to a single source of financial truth. With Intacct, RedVision now has real-time, accurate and consistent visibility into financial and operational data -- all in one place.

Intacct's flexible reporting and analytics capabilities were particularly important to RedVision. Intacct's built-in financial reporting wizard allows RedVision to create unlimited variations of reports and graphs, including income statements, balance sheets, budget variance reports, financial and operational ratios, gross margin, statements of cash flow and more. Users can also create customized dashboards that contain exactly the information they need or want to review, ensuring the most important and relevant business insights are always at their fingertips. If they need to further analyze data, Intacct enables users to easily drill down from summary financial reports to any level of detail including specific balances, journals or sub-ledger transactions. 

"The reporting capabilities in Intacct really make my job a lot easier, as I no longer have to cobble together data in Excel from multiple sources just to create basic financial reports," commented Thompson. "We now have a full complement of easily customizable reports and analytics, and our management team loves having real-time access to current financial and operational data via the dashboards. It is allowing us to make smarter, more informed decisions for the business without having to invest in additional add-on reporting tools."

RedVision is also using Intacct MAX™ for Salesforce to seamlessly connect Intacct with the company's Salesforce CRM applications. This integration streamlines the lead to cash process and eliminates a significant amount of duplicate data entry, making both the sales and finance teams more efficient and effective. In addition, this integration is fully developed and supported by Intacct, so there is no requirement for RedVision to invest in additional IT integration tools. 

"It wasn't hard to justify the decision to move to Intacct, as we could easily see the business value it would deliver," said Thompson. "The more we use the system, the more we find additional ways to improve our financial processes and increase efficiency. Having a robust system like Intacct makes the entire finance team more productive -- allowing us to save money by holding off adding headcount as we continue to grow."

To learn more about how Intacct helps companies with "Life after QuickBooks," please visit http://us.intacct.com/solutions/quickbooks_users.php.

About Intacct
Intacct is the market and technology leader in web-based financial management and accounting applications for businesses and CPA firms. 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 cloud computing.

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

Intacct and the Intacct logo are trademarks of Intacct Corporation. All other company and product names mentioned herein may be trademarks of their respective owners.

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