SOURCE: Intacct Corporation

May 01, 2007 07:00 ET

Intacct Wins 2007 CODiE Award for Best Financial Software Solution

Partner Salesforce.com Also Receives Top Honors

SAN JOSE, CA -- (MARKET WIRE) -- May 1, 2007 --Intacct Corporation, a leader in on-demand financial applications, today announced that its Intacct Enterprise application was named as the winner of the 2007 CODiE Award for "Best Financial Software Solution" by the Software & Information Industry Association (SIIA). Intacct was selected for the 2007 CODiE Award over Intuit's QuickBooks and other nominees selected from a large field of entrants. Many prominent Intacct competitors did not even receive finalist nominations. The award is Intacct's second significant recognition in two months. In March, Inc. Magazine named Intacct the "Best for Replacing QuickBooks."

Ron Kresha, CFO of Atomic Learning, an Intacct customer and SIIA member, believes the award is well-deserved. "We're not surprised Intacct was recognized over QuickBooks -- far from it. We selected Intacct to replace QuickBooks when we found Intacct delivers superior remote access, automated deferred revenue management, and outstanding reporting and budgeting tools that let us see our data in a way that makes sense for our business needs. That Intacct was able to offer all this in an on-demand solution made it the only product worthy of serious consideration. Having won a previous CODiE award, we know that while being a finalist is an honor, winning is a truly special recognition."

Intacct's strategic CRM partner salesforce.com won CODiE awards for "Best CRM Solution" and "Best On-Demand Platform."

"We are honored to receive the 2007 CODiE Award for Best Financial Software Solution," said Mike Braun, Intacct CEO. "This confirms what customers tell us repeatedly: Intacct is the logical choice for companies that have outgrown QuickBooks and that wish to avoid lengthy, costly and frequently unsuccessful deployments of on-premise software. Our seamless integration with salesforce.com gives customers an unbeatable combination of award-winning on-demand solutions to run their businesses."

The CODiE Awards are a software industry institution, celebrating outstanding achievement and vision in the software, digital information and education technology industries. CODiE Award finalists are selected by representatives from the software and information industry trade press, mainstream technology writers, analysts, consultants and subject-matter experts. Winners are selected by a vote of SIIA members. Products nominated in the Best Financial Software Solution category must automate business financial management including AP/AR, general ledger, budgeting, resource allocation and reporting.

"I applaud all the companies selected as winners or finalists in the 22nd annual CODiE Awards," said Ken Wasch, SIIA President. "The software and information industry continues to move at a dizzying pace, and being recognized by your peers for getting to and staying at the head of the pack in such a dynamic environment is a major accomplishment. It is one of the reasons why the CODiE Awards hold such a special place in our industry."

Businesses across industries are accelerating deployment of web-native on-demand financial software to fuel their growth. Intacct 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 is the choice of 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
    
--  An integration with Salesforce that lets users create accurate sales
    quotes and orders, verify pricing and inventory, and track fulfillment from
    within Salesforce
    
--  Streamlined and automated order-entry processing that moves data
    through the order-to-cash process based on definable business processes,
    eliminating duplicate data entry
    
--  Seamlessly integrated project and resource management tools that
    display information from a company's services business to control and
    forecast project costs and revenues
    
--  Comprehensive configurable dashboards and statistical reports allow
    CEOs, CFOs and other managers to make better day-to-day decisions in real
    time
    
--  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
    

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, SAS70 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.

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