SOURCE: Intacct Corporation

March 13, 2007 07:00 ET

Intacct Named "Best for Replacing QuickBooks" by Inc. Magazine

"Complex Accounting Made Easy"

SAN JOSE, CA -- (MARKET WIRE) -- March 13, 2007 -- Intacct Corporation, a leader in on-demand financial applications, today announced that Intacct Small Business has been recognized by Inc. Magazine as "Best for Replacing QuickBooks." An article in the current issue titled "Winning the Numbers Game: Software to Boost the Bottom Line," lauds Intacct Small Business, a web-based financial management application suite for, "its ability to handle complex and specialized accounting tasks automatically."

"Inc. ranks #1 for top management and business purchase decision-makers with readers of all publications in the US," said Mike Braun, CEO of Intacct Corporation. "Their endorsement is important to us, our prospects and our customers. We're very proud of this recognition."

"Why are so many companies looking to replace QuickBooks?" said Michael Mankowski, senior vice president at Tier1 Research, a division of the 451 group. "In a word: growth. Growing companies reach a point where multiple people need to collaborate on financial processes. The Internet allows for increased collaboration and applications that take advantage of that capability to gain a leg up on their rivals. Single user desktop versions of software like QuickBooks don't provide that collaborative functionality. Geography is also an issue. Even small businesses today have employees located in many locations. A web delivered solution like Intacct provides easy access for everyone with the sophistication and controls needed at a low monthly price."

Customers agree. "As a rapidly growing company, we were challenged to find a financial solution that would continue to meet our needs," said Tim Dick, Vice Chairman of Hawaii Superferry. "With 10 employees rapidly growing to over 200, we had outgrown QuickBooks and needed sophisticated multi-user functionality across the entire value chain from purchasing to marketing and did not want the high acquisition and maintenance costs and overhead of owning and managing a traditional full-function ERP system such as Microsoft Dynamics that would have cost $100,000 up front. After an extensive evaluation, we chose Intacct over the alternative web-based solution from NetSuite. Intacct's accounting functionality was deeper and stronger, it is far easier to use and configure, and the support we received was excellent."

Small businesses across industries are rushing to deploy web-native on-demand financial software to accelerate their growth. Intacct Small Business is meeting this need by providing companies with anytime, anywhere access to real-time information about their businesses, including sales, expenses and profit margins by product line. Intacct Small Business is selected repeatedly by these businesses for a variety of reasons, including:

--  An On-demand architecture providing anytime, anywhere access and the
    ability to quickly and easily add users, features and locations without
    lengthy and costly upgrades
--  Complete audit capability for all transactions, granular permission-
    based controls and Intacct's SAS 70 Type II certification assist a
    company's GAAP and Sarbanes-Oxley compliance efforts
--  Comprehensive configurable dashboards and statistical reports allow
    CEOs, CFOs and other managers to make better day-to-day decisions in real
    time
--  Seamlessly integrated project and resource management tools that
    display information from a company's services business to control and
    forecast project costs and revenues
--  Streamlined and automated order-entry processing that moves data
    through the order-to-cash process based on definable business processes,
    eliminating duplicate data entry.
    

About Intacct

Intacct provides on-demand financial management system applications for more than 2,000 small and midsize businesses. Thousands of users at companies ranging in size from startup to public companies pay a monthly subscription fee to access the first SAS 70 Type II certified financial, supply chain, business intelligence and project management suite on the Web. Intacct's financial management system supports all your business units, each with its own account structure, business processes, currencies, taxes and regulatory requirements and provides unparalleled top-down visibility and control. As a company grows, SAS 70 Type II certification and documented processes also support Sarbanes-Oxley compliance for public companies. The ability to add more users, applications and business units as you grow makes Intacct the last financial management suite you'll ever need. Headquartered in San Jose, California, with operations in Bangalore, India, Intacct is a privately held company funded by Deloitte & Touche, Emergence Capital Partners, Goldman Sachs, Hummer Winblad Venture Partners and JK&B Capital.

For more information visit www.intacct.com or call 877-437-7765.

Contact Information

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