LOS GATOS, Calif. January 8, 2004 — Intacct Corporation, a leading online accounting services provider, announced the release of three new software services that address specific needs for companies of all sizes to utilize sophisticated web-based accounting software to streamline productivity and increase ROI. In releasing Intacct Eledger®, Intacct Enterprise®, and Intacct MEGA®, Intacct continues to make "one-size-fits-all" packaged software obsolete. Intacct Eledger is targeted for small businesses seeking to reduce costs and integrate sophisticated functionality; Intacct Enterprise is a broader-featured solution that powers the accounting for mid-size companies; and, institutions can easily manage multi-entity holdings with Intacct's patent-pending MEGA accounting solution. Intacct solutions, along with IBM's trusted e-business hosting centers, provide companies anytime, anywhere access to real-time financial data at a low, monthly subscription cost.

"Since the launch of our on-demand services in 2000, our customers began asking for service offerings that would match their different business models. Our new service offerings were just what the customer ordered", said Intacct CEO David C. Thomas.

Unlike traditional client/service packages, which require expensive IT administration and regular purchases to cover upgrades, Intacct's services take advantage of IBM's e-business on demand initiative. IBM provides the servers and manages data at a secure hosting center that offers high-speed Internet access, unparalleled security and around-the-clock services. Intacct provides powerful and sophisticated online accounting services for a simple, usage-based monthly subscription fee. Called "Accounting on Demand," this new software services model allows companies to be up running with the most sophisticated and secure accounting infrastructure at a fraction of the time and cost of in-house development.

Intacct Eledger
Intacct Eledger's flexible accounting capabilities deliver integrated General Ledger, Accounts Payable, Cash Management, and Employee Expenses modules. Without worrying about installation, upgrades or costly upfront licensing fees, Intacct Eledger allows small businesses to pass the savings on to their bottom-line. And smaller businesses can grow into bigger ones with the knowledge that Intacct Eledger can scale to the more powerful Intacct Enterprise or Intacct MEGA.

Intacct Enterprise
Providing truly scalable services to growing mid-size companies, Intacct Enterprise features the precision of automated workflows, custom real-time consolidations and granular permissions to in-house users, contract employees, or to partners anywhere in the world. Using the power, simplicity and global reach of the Internet, and relying on the trusted security of an IBM e-business hosting center, Intacct Enterprise allows mid-level businesses to stay in touch with financials at anytime from anyplace. Mid-level organizations can grow knowing that Intacct can, within the same day, convert to the more advanced Intacct MEGA solution in a fast, seamless and secure transition that will be all but invisible to the end-user.

Intacct Mega
Intacct MEGA (Multi Entity General Accounting) is a revolutionary, patent-pending solution that allows distributed organizations to effortlessly handle the accounting of each business entity or subsidiary. Intacct MEGA allows for a top-level organizational view, or a zoomed-in view of each entity. Whether the organization includes a number of similar businesses or disparate subsidiaries, Intacct MEGA allows users the flexibility to centralize certain accounting tasks and distribute others to specific entities. Managers can use Intacct's Slide-in™ technology to generate reports for any entity, or for the whole organization. Financials can also be consolidated and Intacct MEGA features multi-currency functionality for foreign operations.

About Intacct Corporation

Intacct delivers on the promise of Web-based ERP solutions for distributed companies and ISVs. Through highly secure online access to Intacct’s applications, customers can manage real-time business processes anywhere, anytime through a simple Web browser. Deployed on IBM’s e-business Hosting infrastructure, Intacct’s services allow companies to focus on their core business and eliminate the need to invest in complex and expensive IT infrastructure and software. Intacct partners with leading ISVs that leverage Intacct’s business application platform by adding proprietary value and delivering complete industry-specific solutions for retail, professional services, wholesale distribution, government and other industries. Headquartered in Los Gatos, California, Intacct is successfully delivering its ERP On Demand solutions to more than 1,800 customers. www.intacct.com

Bill Akerson
Intacct Corporation
pr@intacct.com
(408) 878-0938

Intacct and ERP On Demand are trademarks of Intacct Corporation