SOURCE: Intacct


November 29, 2011 10:30 ET

Equation Technologies Adds Intacct to Expand Cloud Computing Across Canada

Top Sage VAR Adds Intacct to Its Portfolio, Says Nearly All New Customers Want Cloud-Based Financial Applications

SAN JOSE, CA--(Marketwire - Nov 29, 2011) - Intacct, a leading provider of cloud financial management and accounting software, today welcomed Equation Technologies to the Intacct Business Partner Program. Based in Toronto, Equation is one of the largest ERP Value Added Resellers in Canada and ranks #63 on the 2011 Accounting Today Top 100 list of North American VARs. Equation, a top Sage VAR for many years, is adding Intacct to its portfolio because nearly 100% of the inquiries it has received from prospective clients this year have been for cloud-based applications.

"The cloud is the future of our firm and for most of our clients," said Pat Wade, president of Equation Technologies. "We're excited to offer true cloud applications -- Intacct's system is multi-tenant, offers superior functionality and is built exclusively for the cloud. Our clients want a financial system that delivers great applications, is highly customizable, doesn't require costly IT, and offers regular upgrades without disruption to their business. What they don't want is a hosted copy of their old on-premises software. We believe that we have reached a tipping point with cloud computing and are seeing demand for cloud financial management and accounting platforms like Intacct growing rapidly."

Equation has offered ERP software, systems integration, and custom development services to mid-sized companies since 1985. Partnerships with Deltek and Sage have allowed Equation to help clients manage their finances, projects, people, customer relationships and other key assets. The firm has been named one of Accounting Today's Top 100 VARs in each of the past eight years, and is a member of the Sage Leadership Academy and a two-time recipient of the Sage President's Circle Award.

Equation was attracted to Intacct for a number of reasons, including the strength of its applications, the capabilities of its development platform, and the quality of Intacct's partner program. Equation expects Intacct's multi-currency and multi-entity functionality to be a huge asset for its clients in the financial services industry as well those with distributed and multi-national businesses. Meanwhile, Intacct's project accounting and Services Resource Planning applications will be very attractive to professional services firms and other project-based businesses. Finally, Intacct's fund, grant, and donor accounting make it a great fit for nonprofits, faith-based organizations and membership associations.

"We really like that Intacct is all about making financial management and accounting easier and even fun again -- how great is it to be able to use your iPad to access your financial system," said Pat Wade. "Intacct really impressed us with its strong core financials and fit for our target markets. We also like that the system is designed to be flexible -- allowing for tailoring and customizations to meet the exact needs of our customers."

Equation also raved about the Intacct partner program, which stresses quality over quantity, protects partner territories, and views the channel as the best way to deliver value to clients.

"We evaluated all the leading cloud financial applications vendors and spoke to several large firms that have also become Intacct business partners before making our own decision," said Annette Balgord, vice president of Equation Technologies. "Across the board, Intacct's partners had nothing but positive things to say about the product, the people and the opportunity with Intacct. They noted Intacct's strong product architecture, approachable management team and the vast client demand for cloud computing. From what we've seen so far, we couldn't agree more. We see Intacct as a key component of growing our business in our key industries."

"Microsoft and Sage partners continue to turn to Intacct to gain access to true cloud-based financial applications. They understand that the cloud-washing of old legacy on-premises software coming from their current publishers isn't good for either them or for their clients," said Taylor Macdonald, vice president of Channels for Intacct. "Equation is a great addition to our partner program. Pat, Annette and the entire Equation team have a strong background in our target markets and provide a new local presence for expanding our footprint across Canada."

About Equation Technologies
Equation Technologies has been a leader in the implementation of ERP technology, systems integration and advanced custom development since 1985. Equation provides solutions for financial and professional services, corporate head offices, and nonprofit organizations. Partnerships with proven technology leaders, including Sage, Deltek, Intacct and Avectra allow Equation to help clients effectively manage finances, projects, people, constituent relationships, and assets. The company has received numerous awards including Sage President's Circle, Accounting Today magazine's "Technology Pacesetter," and the Sage Customer Excellence Award for its high level of client satisfaction. Equation Technologies has developed a reputation for combining creative thinking with technological competency to achieve powerful solutions. They assist clients to achieve their business objectives by providing solution design, product evaluation and selection, project implementation, education, and support. Equation also offers advanced custom development for extending and enhancing the applications they support.

About Intacct
Intacct is the cloud financial management company. 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 organizations from startups to public companies and are designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers offer Intacct to their clients. The Intacct system includes accounting, contract management, revenue management, project and fund accounting, 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 or call 877-437-7765. Connect with Intacct on LinkedIn, Facebook, Twitter or YouTube.

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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