SOURCE: Intacct

Intacct

February 15, 2011 12:00 ET

Synergy Business Solutions Expands Portfolio With Intacct

Top Microsoft Dynamics SL Partner Adds Intacct's Cloud Project Accounting and Financial Management Applications to Meet Needs of Project-Based Businesses

SAN JOSE, CA--(Marketwire - February 15, 2011) - Intacct, a leader in cloud financial management and accounting applications, today announced that Synergy Business Solutions has joined the Intacct Business Partner Program. Synergy, a Microsoft Gold Certified Dynamics SL partner, sees Intacct's comprehensive, cloud-based financial management and project accounting applications as a perfect fit for the project-based businesses in which it specializes. The firm expects that its partnership with Intacct will jumpstart a new phase of growth driven by the accelerating adoption of cloud computing by both its clients and prospects.

Synergy has tremendous experience delivering solutions to project-based organizations, including professional services, architecture, construction, engineering, and government contracting firms. The company also has deep expertise in the pharmaceutical, research and distribution sectors.

A Microsoft "Partner of the Year" award winner or finalist five out of the last six years, Synergy sees the new sales, marketing and development partnership with Intacct as a way to fuel its growth by adding cloud computing based applications to its portfolio. The firm completed an in-depth review of all major cloud based ERP, financial management and project accounting applications and selected Intacct for its depth of functionality as well as the flexibility of Intacct's visual development platform for customizing the system and building new applications.

"We have been extremely impressed with both Intacct's applications and the company, and feel they are a great fit for our clients and prospects," said Jered Cady, executive vice president for Synergy Business Solutions. "We evaluated all of the major cloud-based alternatives and Intacct really rose above the crowd with the knowledge, experience, energy and enthusiasm the management team brings to the table. Furthermore, Intacct's extensive client roster and strong reputation in the industry made the decision to partner with Intacct an easy one for our team."

"We are particularly impressed with Intacct's project accounting capabilities, which are vital for the project-driven businesses on which Synergy focuses," stated Stephen J. Toth, Synergy's president. "We sees Intacct Project Accounting improving the agility, productivity and profitability of our clients by leveraging the Internet to connect service delivery employees in real time while delivering instantaneous business visibility and control to finance and company management."

Synergy also plans to use Intacct's cloud-based development tools to provide customized offerings to match the specific needs of individual clients and also to build new complementary applications that the firm can market and sell nationwide.

"We have very high expectations in terms of the impact this partnership will have on our sales and services revenue," commented Cady. "We see many opportunities to extend the Intacct system with added services and new applications that will enable us to develop a consistent and recurring revenue stream -- all while helping our clients collect cash faster, deliver projects more profitably and get their hard work done more easily than ever before."

"Synergy Business Solutions has been a top member of the Microsoft Dynamics SL community for many years and we are excited to be their first cloud computing-based partner," said Taylor Macdonald, vice president of Channels for Intacct. "Synergy is extremely well-respected in the industry and we see a huge opportunity for them to quickly develop significant and high margin ongoing revenue streams by combining their deep expertise with Intacct Project Accounting to deliver compelling cloud solutions for project-based businesses."

About Synergy Business Solutions
A Microsoft Gold ERP Partner with operations on the U.S. West Coast, Synergy Business Solutions provides comprehensive software solutions to a wide variety of industries including those engaged in project-focused work. Through either Intacct's cloud-based solution or Microsoft Dynamics SL's on-premise or hosted solution, Synergy helps organizations that have outgrown their systems and procedures or identified cumbersome processes, to operate more efficiently while effectively managing projects, resources, time, financials, and growth. Through flexible, integrated, and Web-accessible solutions, Synergy delivers insight, visibility, and control to an organization's managers. Synergy's method of prototyping systems with real company data allows organizations to see how the solution can meet their business needs before they purchase. For more information, visit www.synergybusiness.com or call 800-481-8590.

About Intacct
Intacct is the 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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