SOURCE: Intacct


December 06, 2010 10:30 ET

The Great Books Foundation Uses Intacct to Improve Financial Operations

New Case Study Highlights How Intacct Helps Nonprofit Organization Save Thousands of Dollars While Facilitating Future Growth

SAN JOSE, CA--(Marketwire - December 6, 2010) - Intacct, a leader in cloud financial management and accounting applications, today announced the Great Books Foundation is using Intacct to improve its operations. Intacct provides Great Books with a robust set of cloud computing-based financial applications that have improved financial processes as well as given the organization greater insight into operations. With Intacct, Great Books has streamlined its order-to-cash process, halved its monthly close process to one week and dramatically shortened the year-end close -- saving the organization thousands of dollars.

In a new client case study published today, Intacct highlights the results the Great Books Foundation is enjoying from its switch to Intacct. The full case study is available for download at Here is a quick overview of the profile:

Previous Business Challenges Faced by the Great Books Foundation:

  • Needed a flexible and full-featured financial management, accounting and inventory management system to support ongoing growth
  • Wanted to integrate financial management with existing Sugar CRM, osCommerce e-commerce and other enterprise systems
  • Looking to implement a cloud-based solution to increase ROI and minimize demands on small IT team

Results with Intacct:

  • Streamlined financial processes and improved operations for inventory management and professional development programs
  • Developed a fast and integrated order-to-cash process
  • Halved monthly close process to one week and dramatically shortened the year-end close, saving thousands of dollars in audit fees
  • Improved operations and reduced postage costs, saving staff time and thousands of dollars per year
  • Shifted to cloud-based financial management solution, eliminating software and reducing demands on IT staff

Highlighted Comments from James Linday, VP and CFO of the Great Books Foundation:

"The magic of Intacct is its flexibility. We were able to easily customize standard features to meet the unique needs of our business."

"Intacct helps us save both time and money through automated and streamlined processes; and we can now devote those resources to expanding the reach and success of the Great Books Foundation."

"I would recommend Intacct to organizations with unique industry needs or any organization in general. Having a cloud-based financial management system delivers more benefits than we had expected while reducing the demand on our IT team."

For additional information on Intacct's cloud financial management and accounting applications, please visit

About Intacct
Intacct is a 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 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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