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Intacct Kicks Off Customer and Partner Conference With Record Quarterly Results, Surpasses 5,000 CustomersCompany Announces 70% Year-Over-Year New Business Growth in Q1, and New Integrations With Paychex and Microsoft Dynamics CRM (October 27, 2011)
LAS VEGAS, NV -- (Marketwire) -- 10/27/11 -- Intacct Advantage 2011 -- The unstoppable momentum of the Intacct family continues! Today, in front of a record-breaking audience at the company's annual customer and partner conference, Intacct announced impressive customer and partner growth milestones plus record results for the company's first fiscal quarter, ended September 30. The company also announced multiple new partnerships, headlined by a new sales, marketing and development partnership with Paychex, plus new integrations with Microsoft Dynamics CRM from LBMC Technologies and best in class cloud applications from Avectra and docAssist.
Customer and Partner Momentum
Intacct today announced that the company and its partners have already signed more than 1,000 new customers so far in 2011. More than 5,000 organizations around the world with more than 30,000 operating entities are now using the Intacct system. Intacct's best in class applications and channel friendly business model have prompted more than 300 partners to join forces with Intacct. More than 30 of the Top 100 Value Added Reseller (VAR) and CPA firms in the United States are in attendance at Intacct Advantage 2011.
Intacct's Strong Business Growth Continues
For its first fiscal quarter, Intacct and its partners delivered all time record results, headlined by 70% year-over-year growth in new customer business. Intacct's focus on client success and satisfaction drove near perfect customer retention for the quarter. Existing customers also expanded their commitments to Intacct by adding new modules and deploying the system to new users in record numbers.
"Intacct continues to deliver record setting results with tremendous customer growth, an expanding army of world class partners, unprecedented customer satisfaction and unmatched product innovation," said Robert Reid, President and CEO of Intacct. "Intacct Advantage 2011 is all about celebrating the amazing success that our customers, our partners and our firm are enjoying from the cloud computing revolution. It's a truly exciting time to be a part of the Intacct family."
Intacct and Paychex Integration
Intacct and Paychex, Inc. today announced a new sales, marketing, and development partnership to help small and mid-sized businesses across the United States become more effective and efficient in their finance, payroll and human resources functions. The two firms are working to further integrate Paychex outsourced payroll processing services with the Intacct cloud-based financial accounting software.
The combination of Paychex payroll and Intacct financial solutions provides tremendous value to joint clients by streamlining manual processes and data flow. Shared data solutions save time, and increase both data accuracy and visibility. Automation and access to actionable real-time data provides the competitive advantage that companies are looking for in difficult economic times.
Additional New and Expanded Partnerships
Intacct also announced several new and expanded partnerships today, including:
Intacct and Avectra, a leading web-based Social CRM provider in the association and not-for-profit market, today announced an expanded sales, marketing, and development partnership. The expanded alliance will drive deeper integrations between Avectra and Intacct to deliver a comprehensive cloud-based Social CRM and financial management solution for trade associations, professional societies, REALTOR® associations, faith-based organizations as well as not-for-profits such as charities, cultural institutions and foundations. The partnership affords Avectra customers the opportunity to recognize additional operational efficiency throughout the organization, minimize costs and gain control of their finances by seamlessly accessing powerful financial management and accounting applications built on the robust Intacct cloud platform.
Intacct and docAssist today announced a new partnership to streamline key financial and document management processes. Under this partnership, docAssist will integrate its document management solution with Intacct's cloud financial management applications, enabling Intacct customers to simplify the management of key accounting processes such as accounts payable. Businesses can typically reduce operating costs more than 40% using docAssist.
Intacct and LBMC Technologies announced an expanded partnership whereby LBMC will integrate Intacct's cloud financial management and accounting applications with Microsoft Dynamics CRM and Hyland OnBase. In integrating Intacct with Microsoft Dynamics CRM 2011, LBMC will connect clients' financials with their customer relationship management tools to eliminate paperwork and the manual re-entry of data, plus streamline their order fulfillment process. Integrating OnBase's suite of enterprise content management tools with Intacct will augment the cloud-based Intacct business and financial system with document imaging, workflow, business process automation, and compliance tools.
"One of our core beliefs at Intacct is that, for the first time, cloud computing makes it possible for companies to confidently select and cost effectively deploy the best business applications for every one of their departments," said Daniel Druker, senior vice president of Marketing and Business Development at Intacct. "That's why we focus on delivering the world's best financial management and accounting system, and we're partnering with the world's most innovative software companies to integrate their applications with Intacct. The end result is unmatched choice and productivity for all of our mutual clients."
Record-Breaking Attendance at Intacct Advantage 2011
Today's announcements were made in front of a record-breaking crowd at Intacct Advantage 2011, being held this week in Las Vegas. Customer and partner registration for Intacct Advantage 2011 increased by more than 60% over last year's event.
Intacct also welcomed 23 partners as sponsors and exhibitors for the event, including Sererra as the Platinum Level sponsor and 2C Processor USA, AICPA, Clarizen and CPA2Biz as Gold Level sponsors. Silver Level sponsors included Adaptive Planning, Aria, Avalara, Avectra, Bill.com, Capital Payments, DBSync, docAssist, LBMC Technologies, and Paychex. Other sponsors included BridgeView Software, CFO Rapid Fire, ExpenseCloud, Faye Business Systems Group, Fujitsu, InnoVergent, Intacct Forms Center and McGladrey.
Be sure to follow the events at Intacct Advantage 2011 on Twitter using the conference hashtag: #ADV2011. Additional information on the conference is available at http://us.intacct.com/advantage2011.
Intacct is the cloud financial management company. 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 more than 5,000 organizations from startups to public companies and are designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers offer Intacct to their clients. The Intacct system includes accounting, contract management, revenue management, project and fund accounting, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via cloud computing.
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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