SOURCE: IntelAccount

July 09, 2007 14:26 ET

IntelAccount Announces Contracts With Area Huntington Learning Centers for Accounts Payable Processing Services

MINNEAPOLIS, MN--(Marketwire - July 9, 2007) - IntelAccount, Inc., a provider of Web-based accounts payable processing and document management services to small- and mid-sized businesses, announced it has entered into contracts with three Twin Cities-based Huntington Learning Centers (HLC) franchise owners representing seven HLC locations.

"Payables took too much of my time," said Bill Goldenberg, owner of HLC franchises in Edina and Minnetonka. "IntelAccount processes my invoices and pays my vendors for a lot less than the cost of a bookkeeper. And having all my documents scanned and available online from any computer means I can find information quickly from either store or even when I am traveling. The fact that my company is 'greener' by using less paper just sweetens the deal."

The IntelAccount Process

IntelAccount automates the entire accounts payable and expense-report management process from receipt of documents through electronic payment and online document storage. IntelAccount's technology delivers Web-based invoice routing and approval, electronic payments to vendors and employees, and digital document storage so documents are never lost and archived documents are retrievable in seconds by any authorized user. Scanned and entered daily, accounts payable data and images are accessible 24/7 through a secure Web interface reducing an expensive, labor-intensive process to one-step invoice approval. Clients save up to 70 percent over internal accounts payable processes.

"Big Business" Service for Small- and Mid-Sized Businesses

"Accounts payable is a huge hidden cost -- as much as $24 per invoice processed, draining profit and productivity from every company regardless of size. With IntelAccount's Web-based accounts payable processing services, that cost can be significantly reduced and the process improved for small- and mid-size organizations," explained David Crane, CEO and founder of IntelAccount. "Now every organization can obtain the same benefits -- savings, improved productivity, process control and data security, and reduced fraud exposure -- enjoyed by the largest global companies and focus more time and resources on growing the business."

About IntelAccount

IntelAccount is a leading provider of Web-based accounts payable processing and document management services to small- and medium-sized organizations. The company is based in Minneapolis and has another office in Long Island, N.Y. Founded in 2005, the organization provides finance and accounting outsourcing (FAO) services including accounts payable and expense report processing, electronic payment and digital document management services, saving organizations up to 70 percent over their internal costs. IntelAccount is a 2007 winner of the Upsize Growth Challenge and 2006 Minnesota Cup Business Competition Finalist. For more information visit www.intelaccount.com.

Contact Information

  • Contacts:
    David Crane
    CEO
    IntelAccount, Inc.
    (612) 605-3161 ext.706
    Email Contact

    Sarah Cothran/Elin Raymond
    The Sage Group, Inc.
    612.321.9897
    Email Contact