SOURCE: Intacct Corporation

April 24, 2006 09:02 ET

Intacct Successfully Completes SAS 70 Type II Audit

SAN JOSE, CA -- (MARKET WIRE) -- April 24, 2006 -- Intacct Corporation, the leader in on-demand ERP, today announced that its ERP On Demand™ suite has received the Statement on Auditing Standards No. 70 (SAS 70) Type II Service Auditors' Report from a nationally recognized accounting firm. Undergoing the audit helps ensure that Intacct delivers its Web-based financial management, supply chain, professional services automation and business intelligence applications in accordance with standards established by the American Institute of Certified Public Accountants (AICPA).

"Intacct's financial and business applications are developed and delivered in adherence with established best practices," Robert J. Jurkowski, CEO and president of Intacct. "For our customers, it means they will not have to spend time and money sending their own auditors to evaluate Intacct in order to satisfy financial reporting and controls obligations under the Sarbanes-Oxley Act."

The SAS 70 also reports on processes and controls critical to Intacct's channel partners, including software makers that integrate Intacct and business process outsourcers that manage clients on ERP On Demand.

SAS 70 is a widely recognized, third-party review standard developed by the American Institute of Certified Public Accountants to allow service providers to report on their control activities and processes to customers and customers' auditors. A formal report including the audit firm's assessment is issued to the service provider at the conclusion of the SAS 70 review. Intacct intends to renew its SAS 70 certification annually.

About Intacct Corporation

Intacct delivers financial, supply chain, professional services automation and business intelligence software as an on-demand service to more than 2,200 midsize customers. Built on a multi-tenant Web infrastructure, ERP On Demand lowers IT costs, enhances business process flexibility and increases profitability for emerging and public companies with multiple locations and multi-currency operations. Intacct's platform services for application, data and process integration and customization enable enterprises to extend ERP On Demand, and software makers to embed a private-labeled back-office suite. Headquartered in San Jose, California, with operations in Bangalore, India, Intacct is a privately held company funded by Deloitte & Touche, Goldman Sachs, Hummer Winblad Venture Partners and JK&B Capital.

Intacct and ERP On Demand are trademarks of Intacct Corporation. Other names may be trademarks of their respective owners.

Contact Information

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    Alf Abuhajleh
    Intacct Corporation
    (408) 878-0954
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