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Paychex and Intacct Announce Partnership to Benefit Small and Midsized BusinessesOutsourcing and Software Leaders Integrate Applications, Automate Financial Management, Saving Time and Improving Accuracy (October 27, 2011)
LAS VEGAS, NV -- (Marketwire) -- 10/27/11 -- Intacct Advantage 2011 -- Paychex, Inc. (NASDAQ: PAYX), a leading provider of payroll, human resource, and benefits outsourcing solutions, and Intacct, a leading provider of cloud financial management and accounting software, today announced a sales, marketing, and development partnership to help small and mid-sized businesses across the United States become more effective and efficient in their financial and payroll functions. The two firms are working to further integrate Paychex outsourced payroll processing services with Intacct's cloud-based financial accounting software.
In today's challenging economy, business executives are finding ways to apply the value of developing technologies in order to reduce operating costs and seize revenue opportunities. "Web solutions are providing additional ways to create business efficiencies and to deliver outstanding service to our clients," says Andy Childs, vice president of Marketing at Paychex.
The combination of Paychex payroll and Intacct financial solutions provides additional value 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 can provide a competitive advantage that companies are looking for.
Using Paychex and Intacct together is easy. When a client chooses to leverage this partnership, each time a company runs their payroll, totals are posted and visible within the Intacct system. Users work with real-time data, visible through custom screen displays and reporting outputs.
"Our customers gain tremendous efficiencies by using cloud computing and Intacct to transform finance; and Paychex extends this transformation across human resources, payroll and benefits," said Daniel Druker, senior vice president of Marketing for Intacct. In every finance organization there are processes that should be automated but are not, and transferring payroll data to a company's financial management system is one of them. "The new product integration will improve productivity, reduce costs and provide better business visibility, all of which are critical to small and mid-sized businesses in today's economy. We can't think of a better partner than Paychex and we are delighted to join forces with them to the benefit of businesses across America."
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers' compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 564,000 payroll clients nationwide as of May 31, 2011. For more information about Paychex and our products, visit www.paychex.com.
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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