Rise Interactive Upgrades Financial System with Intacct Cloud Financial Management and Accounting Software
SAN JOSE, Calif. – June 13, 2011 –
Intacct, a leader in cloud financial management and
accounting software,
today announced it has added Rise Interactive, a full-service Internet marketing services agency, to its rapidly expanding base of
professional services industry clients. Rise, which specializes in data driven
online marketing services such as search engine optimization, paid search, display/banner advertising and web analytics for a stable
of national brands like Dale Carnegie Training, Abt Electronics, Claire's and ULTA, needed a new financial system to provide improved
financial visibility and streamline financial processes.
Rise had been using an industry-focused project management solution with basic accounting functionality as its financial platform.
However, the system wasn't built to handle the sophisticated accounting operations that had become necessary given the agency's consistent
revenue growth.
"Our business has taken off, and we needed an accounting platform capable of accommodating that growth," said Carl E. Petersen, senior
financial manager for Rise Interactive. "We looked at all the top cloud accounting software on the market, including NetSuite, and concluded
that Intacct was the best fit for our organization. The product is robust and flexible, and it was designed to serve the needs of project-based
businesses like ours. We also liked that Intacct was only focused on being the best financial application and wasn't trying to be a massive
suite of products including CRM, e-commerce, etc."
One of the areas of critical importance to Rise in selecting its new financial system was the ability to classify transactions and other data
along a variety of dimensions for more granular financial and operational reporting. Intacct's General Ledger supports up to a dozen different
hierarchical dimensions, so every transaction in the system can be captured, reported and analyzed with up to 12 key business drivers. This
provides greater business visibility and enables Rise to filter data to display it in different ways from financial statements to tax reports
to managerial reports and dashboards, all without resorting to creating hundreds of different General Ledger accounts.
Rise also liked that Intacct offered a financial system that was flexible enough to work with their current processes, while also improving those
financial processes that needed to be streamlined. For example, Rise clients often pay for media buys in advance and the finance team has to manage
and reconcile these funds as they are used. In the past, this process was very complex and time consuming, requiring several applications that
increased the risk for errors. With Intacct, Rise can easily manage all of this reconciliation from within one system.
"We were coming off a system that was hindering our ability to perform essential financial management tasks. With Intacct we are getting a powerful
cloud accounting platform that gives us better controls, more accurate data and greater visibility into financial performance," said Petersen. "We
looked at the total cost of ownership and found that Intacct will be much less expensive than our previous system or any of the other new solutions
we evaluated. Intacct will also allow us to scale our business without significantly expanding headcount in the finance department, providing an
outstanding return on our investment."
To learn more about how Intacct helps professional services and project-based businesses, please visit
http://us.intacct.com/solutions/professional_services.php.
About Rise Interactive
Rise Interactive (http://www.riseinteractive.com) is an Internet marketing agency focused
on driving qualified traffic and revenue to its client base of national consumer brands. Rise does this crafting unique strategies that map to client's
business goals, implementing that strategy, and continuously optimizing performance. Its specialized services include
search engine optimization (SEO),
paid search,
affiliate marketing,
display advertising,
e-mail marketing,
social media,
reputation management, and
web analytics consulting.
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.
Media Contacts:
Peter Olson
408-878-0951
Twitter:Intacct_Peter
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