December 11, 2002 (New York and Los Gatos, Calif.)— Intacct Corporation, the leading provider of online professional accounting solutions, and Outsource Partners International, Inc. (OPI), a leading provider of finance & accounting outsourcing services, announced today that the two companies are working together to bring online accounting software and services to multi-location businesses, including franchises, retail chains, and professional services organizations.
"OPI's alliance with Intacct represents the teaming of two companies that are focused on providing multi-location clients with a state of the art accounting solution," said Clarence Schmitz, OPI's Chairman and CEO. "OPI is committed to offering enhanced finance and accounting services that reduce costs and improve financial reporting. This alliance is a continuation of our commitment to expand our web-enabled accounting services, enabling a whole new group of clients to focus on their core business competencies."
"The professionals at OPI have tremendous experience in helping businesses to cost effectively improve their financial processes, and we are pleased that OPI has selected Intacct to be a significant part of its web-based solutions," said Intacct CEO, David C. Thomas. "The multi-location capabilities that we have built into the Intacct accounting system are a huge benefit to OPI clients that have locations around the country or the world."
Because the Intacct accounting system is built for the web, accounting systems at each business unit can be set up and configured remotely within a matter of hours, rather than weeks often required for client/server or packaged systems. And because each business unit's or store's accounting system is securely connected with the parent system, financial managers at company headquarters have access to real-time financial data for all of their locations, greatly enhancing their financial management capabilities. With the Intacct system, OPI will provide its clients with an accounting solution that incorporates fully integrated general ledger, accounts receivable, accounts payable, human resource, payroll, expense reporting, as well as other related business services.
About Intacct Corporation www.intacct.com
Intacct Corporation is the leading provider of online professional accounting solutions. The Intacct accounting system is designed for companies that need more than an entry-level PC-based accounting package but want an alternative to complex, IT-intensive client/server solutions. Offered on a monthly subscription basis, the Intacct accounting system can be accessed via any current web browser and is both PC and Mac compatible.
About Outsource Partners International www.opiglobal.com
Outsource Partners International, Inc. (OPI) is a leading provider of finance and accounting outsourcing services for large and medium size companies. OPI provides outsourcing services for all or selected portions its client's internal accounting functions, such as accounts payable, accounts receivable, payroll and financial reporting. OPI also offers tax return preparation services and document management solutions.
OPI's proprietary service model combines experienced on-site staffing with web-enabled technologies, document imaging systems and offshore transaction processing. The company's state-of-the-art solutions and proven methodology enable clients to substantially reduce cost, improve financial reporting and focus on their core businesses.
On May 16, 2002, OPI expanded its service capabilities through acquisition of the Business Process Outsourcing national practice of KPMG, LLP. OPI operates through five offices in the US and its shared services center in Bangalore, India. For more information about OPI's finance and accounting solutions, visit www.opiglobal.com.
