Press Releases
OnShift Selects Intacct for Cloud-based Accounting and Financial Management
SAN JOSE, Calif. – Apr. 4, 2011 –
Intacct, a leader in cloud financial management and
accounting software, today announced that OnShift, a leading provider of staff scheduling and shift
management software for the healthcare industry, has implemented Intacct. The move will enable OnShift, which increased customer acquisition
by more than 500 percent last year, to automate its critical billing, revenue management and financial reporting functions — saving the
company significant time and money. OnShift will also use Intacct's built-in integration
with salesforce.com to streamline its quote to cash processes.
Rapid growth, a desire for streamlined financial processes and a need to automate manual processes were the drivers that made OnShift
upgrade from QuickBooks to Intacct. One of the critical needs for OnShift was gaining the
ability to automate the management of billing and revenue. The accounting team had been calculating recognized revenue in spreadsheets and
then making corresponding manual journal entries in QuickBooks. These off-line manual processes were time-consuming.
With Intacct, OnShift can now easily define reusable revenue recognition templates and rules, and Intacct will automatically generate amortization
schedules and apply them across contracts, orders or line items. Revenue recognition becomes
completely automated, saving OnShift time and effort.
"We were attracted to Intacct for a variety of reasons, but it was Intacct's revenue management capabilities that really stood out for us," said Mark
Woodka, CEO of OnShift. "It used to take our finance team a significant amount of time each month to manage our revenue recognition. Now, I can look
at my Intacct dashboard for real-time information."
Dashboards, reporting and analytics are critical for OnShift, as they manage their rapidly growing business against a variety of key performance
indicators (KPIs). Intacct's multi-dimensional financial system enables OnShift to build real-time dashboards that contain the information each
executive, employee or other approved user needs or wants to review — including both financial and non-financial performance metrics.
"We've been really impressed with how easy it is to create and customize the reports and dashboards in Intacct," added Woodka. "I'm not a programmer,
and I can easily add components to my dashboard in a matter of minutes, and we can easily customize the dashboards for different ways of viewing information."
OnShift is an extensive user of salesforce.com's CRM applications. Using Intacct and Salesforce CRM together,
OnShift will be able to streamline its quote to cash processes. With Intacct's built-in, bi-directional data synchronization and unified workflow with
Salesforce, key information is automatically and continuously updated between the two systems.
Intacct will also enable OnShift to implement cost controls by automating purchasing and expense management processes. Instead of using spreadsheets for
purchasing and employee expenses, Intacct includes anywhere, anytime access to web-based purchase requisitions and employee expense management for the
company's increasingly distributed workforce. Intacct allows OnShift to define and automate online approval workflows, ensuring timely routing of expense
reports and compliance with company-prescribed policies — saving the company money and reducing the workload for the finance team.
For more information on how Intacct helps companies see "Life after QuickBooks".
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 www.intacct.com or call 877-437-7765.
Media Contacts:
Peter Olson
408-878-0951
Twitter:Intacct_Peter
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