SOURCE: Intacct

Intacct

February 28, 2011 10:30 ET

Eide Bailly Expands Portfolio With Intacct Cloud Financial Applications

Top 25 Accounting Firm to Offer Intacct in Both Its Consulting and Outsourced Accounting Practices

SAN JOSE, CA--(Marketwire - February 28, 2011) - Intacct, a leader in cloud financial management and accounting applications, today announced an expanded sales, marketing and development relationship with Eide Bailly, one of the nation's 25 largest CPA firms. The firm, which already leverages Intacct in its business process outsourcing practice, sees Intacct as a key component to strengthening its cloud services portfolio by adding "one of the best cloud applications on the market."

Eide Bailly has been serving clients across the United States since 1917. The company's nearly 39,000 clients are serviced by 1,200 experienced professionals who operate from 19 service centers in nine states. Eide Bailly offers its clients a full array of services ranging from accounting, assurance and tax to specialized business advisory support. The firm has extensive expertise in numerous industries. The firm sees Intacct as an ideal fit for its clients in the professional services, real estate management and wholesale industries, as well as with franchises and nonprofit organizations.

"We're seeing increased interest in cloud computing among our largest and most sophisticated clients, and we're working very hard to develop strong relationships and expertise that will enable us to be a premier provider of cloud solutions today and in the future," said Victor Puchi, CPA and director of Accounting Services for Eide Bailly. "We've been very impressed with Intacct in our outsourced accounting practice and see this new phase in our relationship as a logical evolution. Our expanded connections with Intacct will provide new growth opportunities for the firm and a deeper portfolio to service clients."

Eide Bailly is organizing itself to be a primary resource for clients as they move critical systems to the cloud, and Intacct is viewed as being key to this initiative. In electing to extend its relationship with Intacct, Eide Bailly noted that the product's strong reporting functionality and global consolidation features will reduce administrative time spent by clients to manage their business and gain greater insights into their financial performance. The firm sees Intacct's customizable dashboards as a powerful tool for its clients, in particular those with more complex business models that rely heavily on KPIs to manage their business proactively.

Another key focus area for Eide Bailly are Intacct's sophisticated tools for individualizing, extending and integrating the system to precisely match the needs of specific clients. Eide Bailly plans to leverage Intacct's cloud-based development tools to build repeatable solutions for their target industries, as well as to develop entirely new applications that can be marketed and sold to multiple clients.

"We've been big fans of Intacct for many years and we're excited to have an opportunity to develop an even deeper relationship," added Puchi. "Intacct has put together an outstanding Channel Program that is squarely focused on helping firms grow and enabling them to better serve their clients."

"I'm very excited to welcome another Top 25 CPA firm to the Intacct Business Partner Program," said Taylor Macdonald, vice president of Channels for Intacct. "We continue to see strong momentum in this area, as there are significant benefits for these firms using Intacct across both their accounting services and consulting practices. Eide Bailly has a strong reputation in the industry and we expect our expanded relationship to deliver huge benefits across the board."

About Eide Bailly
Eide Bailly is ranked as one of the top 25 largest CPA firms in the nation. The firm provides a full array of services, including tax, audit, accounting, employee benefits, financial services, technology consulting, forensic accounting and investigative services and business and industry specific consulting services. The firm has offices located in Phoenix, AZ; Fargo and Bismarck, ND; Sioux Falls and Aberdeen, SD; Tulsa, Norman and Oklahoma City, OK; Billings, MT; Grand Junction, Frisco, Vail, Boulder, Golden and Denver, CO; Boise, ID; Dubuque, IA; and Mankato and Minneapolis, MN. For more information, please visit www.eidebailly.com.

About Intacct
Intacct is a 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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