Intacct Grows New Customer Bookings by Nearly 40 Percent
Capitalizes on Growing Demand for Cloud Financial Software from Companies
Outgrowing QuickBooks or Migrating from Outdated On-premises Systems
SAN JOSE, Calif., July 25, 2013
SAN JOSE, Calif., July 25, 2013 /PRNewswire/ --Demand for cloud financial
softwarehas never been higher and Intacct is helping to drive a sea change
away from outdated, on-premises systems from the likes of Microsoft and Sage.
Continuing its string of outstanding growth, Intacct today delivered
strongresults for the company's full fiscal year, ended June 30. Intacct's new
customer bookings were the largest in the company's history, increasing by 38%
over the prior year.
Intacct, a leader in cloud financial management and accounting software,
delivered strong execution across all channels and the company's growth rate
continues to outpace other cloud financial software vendors. When looking at
business from the channel, Intacct's partners delivered notable results,
adding 50% more new customer accounts during the past year than the prior
year. Company-wide results from existing customers also remained impressive,
with Intacct customers adding users and additional applications in record
amounts during the year – a reflection of Intacct's high customer satisfaction
As the economy picks up, businesses have moved back into high growth mode.
This is increasing the number of companies outgrowing the capabilities of
entry-level systems like QuickBooks and looking for a more robust financial
system. In addition, companies saddled with clunky on-premises financial
systems from vendors like Microsoft and Sage are progressively looking to move
to a cloud financial system to streamline processes, increase visibility, and
accelerate their growth.
"Intacct is currently in a significant growth mode, just trying to keep up
with the high demand for our best-in-class cloud financial software," said
Robert Reid, CEO of Intacct. "Companies have moved beyond focusing on just the
cost savings and automation associated with cloud financial software, and now
also want a system that can help them grow even faster. Our impressive
financial results and continued high levels of customer satisfaction are a
true reflection of the innovative functionality provided by our system that
enables CFOs to truly transform their business."
Industry watchers are also increasingly taking note of Intacct's performance.
During the past three months alone, Intacct was named to an impressive array
of Top Company listings, including the Red Herring 100, JMP Securities Top
100, AlwaysOn OnDemand 100, and the AlwaysOn Global 250.
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, in
use by more than 6,000 organizations from startups to public companies, 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
recognition, project and fund accounting, inventory management, 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. Connect with Intacct on LinkedIn,
Facebook, Twitter or YouTube.
Intacct and the Intacct logo are trademarks of Intacct Corporation. All other
company and product names mentioned herein may be trademarks of their
Contact: Peter Olson, Intacct, 408-878-0951, firstname.lastname@example.org,
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