Press Releases

SAN JOSE, Calif. – June 28, 2011 –
Intacct, a leader in cloud financial management and
accounting software,
today announced that Canyon Ridge Christian Church is replacing its on-premises QuickBooks software with Intacct's cloud financial management
and accounting applications. This large and fast-growing faith-based organization is anticipating that the switch to Intacct will significantly
reduce manual data entry and enhance visibility into financial performance. Conversion to the Intacct system will minimize the church's reliance
on IT staff and free up the finance team to focus on projects that better support the church's spiritual charter.

Located in northwest Las Vegas, Nevada, Canyon Ridge is a congregation of more than 6,000 people. The church is growing rapidly, but dependence
on QuickBooks® was an obstacle to its expansion. Church administrators found that the resources required to use and support QuickBooks were
excessive, and the system's basic reporting tools limited the church's insight into program spending and stewardship of funds. For example,
about 50 percent of the finance team's time was spent just entering data manually into QuickBooks, and they had to export data to Microsoft
Excel for reporting, which wasted time and created the potential for data inaccuracies in reports.

"We are growing quickly but our development has been a little hamstrung by the limitations of QuickBooks," said Gay Lynn Martin, finance director
for Canyon Ridge Christian Church. "Graduating to Intacct will allow us to automate important processes and enhance reporting in a way that makes
critical financial data more easily accessible to budget owners and our leadership team. Intacct's cloud architecture and Internet delivery model
will also help to reduce the burden on our busy IT staff."

Intacct will provide immediate improvements to Canyon Ridge when it comes to streamlined
financial processes and enhanced reporting. Intacct will enable Canyon Ridge to more easily capture granular financial and operational data in
exactly the same way they manage the church. They can then use Intacct's pre-built, customizable dashboards, reports and analytics to gain
greater visibility into church operations. This will eliminate Canyon Ridge's reliance on Excel and enable
every approved stakeholder to view reports and dashboards securely in real time, from anywhere, with just a web browser and an internet connection.

Intacct also provides organizations like Canyon Ridge with rich fund accounting, allowing them to track and manage an unlimited number of sources
of funds - including grants, endowments, or donations — all the way through the eventual uses of those funds. This provides excellent stewardship
and compliance, coupled with instant visibility into how the church's financial resources are both being acquired and utilized.

Another area that was important to Canyon Ridge in its selection of a new financial system was the ability to manage multiple operating entities.
While the church is currently operating as a single financial entity in a single location, they have plans for expansion that will make it critical
for a single system to provide automated financial management across an unlimited number of operating units and locations. Intacct provides the
flexibility for Canyon Ridge to set up additional operations and locations as separate entities, so each can manage their financials locally and
independently while the church headquarters maintains central visibility and control. Since everything is stored centrally in Intacct, the church
can easily access consolidated financial information from all entities with the click of a button.

"QuickBooks was a good fit when we were starting out, but now we need a more robust financial management system. We're looking forward to using a
professional accounting system with our move to Intacct," said Martin. "Intacct provides all the functionality we need today and allows us to grow
into the more advanced functionality, like multi-entity management, over time. Intacct will enable us to double the productivity of our finance
team while providing better overall control and visibility into the use of our funds. With Intacct, we can continue to grow without the need to
immediately add headcount to our finance team — providing a nice savings to the church."

Churches, ministries, dioceses, federations, synagogues and nonprofits in general around the world have faith in Intacct to manage collections
and donations, deal with strict requirements for using funds responsibly, take care of an increasingly distributed employee and volunteer workforce,
and provide guidance and insight to executive staff and board members. For additional information on how Intacct can help nonprofit organizations
improve their performance, please visit http://us.intacct.com/solutions/nonprofits.php.

About Intacct

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 thousands of 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 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.

Media Contacts:

Peter Olson

408-878-0951

polson@intacct.com

Twitter:Intacct_Peter