SOURCE: Intacct

Intacct

November 22, 2010 10:30 ET

Fitness Formula Clubs Uses Intacct to "Shape Up" Its Fifteen Business Entities

Move to Cloud Financials From Intacct Enables Health and Fitness Club Network to Streamline Financial Processes and Improve Financial Controls

SAN JOSE, CA--(Marketwire - November 22, 2010) - Intacct, a leader in cloud financial management and accounting applications, today announced Fitness Formula Clubs (FFC) is using Intacct to more effectively manage its business. Intacct provides FFC with the ability to separately manage finances for all 15 of the company's business entities in a single system, while maintaining centralized control. In addition, Intacct's automated consolidation, streamlined workflows and robust reporting capabilities enable FFC to enhance its financial controls and significantly improve financial insight. FFC selected Intacct over NetSuite and Microsoft Dynamics GP.

In a new client case study published today, Intacct highlights the results Fitness Formula Clubs is enjoying from its switch to Intacct from Sage BusinessWorks. The full case study is available for download at http://us.intacct.com/pr/ffc. Here is a quick overview of the profile:

Previous Business Challenges Faced by Fitness Formula Clubs:

  • Needed a flexible financial management system to support fast growing multi-location business, with 15 separate business entities in all
  • Wanted to eliminate need for exporting data to Excel and to improve overall reporting
  • Looking to implement a cloud-based solution to maximize ROI and minimize demands on small IT team

Results with Intacct:

  • Streamlined financial processes and improved financial controls across its 15 business entities
  • Gained ability to easily create custom reports that provide greater insight into the business
  • Cloud-based financial management solution doesn't require deploying and maintaining software; needs no IT staff support

Highlighted Comments from Brian Singleton, CFO of Fitness Formula Clubs:
"We're thrilled with Intacct because it gives us a full-featured financial management system without requiring us to constantly manage, monitor and maintain software."

"Compared to other solutions we looked at, Intacct simply had everything we wanted, allowing us to get far more for a lower total cost of ownership."

"Intacct offers features that are helping us put new processes in place to get our financial operations in top shape -- putting us in control, rather than having to work within the limitations imposed by our previous financial system."

"Intacct had an immediate impact on our business, solving many of the problems we had with financial management and helping to streamline processes to make managing our business far easier than before."

For additional information on Intacct's cloud financial management and accounting applications, please visit http://us.intacct.com/products/intacct.php

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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