Press Release

Global Scholarly Association Switches to Intacct to Automate End-to-End Financial Processes and Gain Deeper Insight

Crossref Implements Multi-Currency, Multi-Dimensional Reporting with Intacct’s Cloud ERP Software

We’ve streamlined our financial processes across the board, which saves about $45,000 in headcount each year despite our 53% revenue growth and significant transaction volume increase since adopting Intacct. More importantly, we’ve reduced potential errors and liability by having more accurate, reliable financial data about our business in Intacct.”

SAN JOSE, Calif. – June 1, 2016 – Intacct, a leading provider of best-in-class cloud ERP software, today announced that Crossref, a nonprofit membership organization for scholarly publishers, switched to Intacct to optimize several financial processes and ensure trusted financial reporting. With Intacct, Crossref streamlined its invoicing, revenue recognition, accounts receivables, currency conversions and monthly close processes, while adopting dimension-based reporting that fosters data-based decision making across the organization.

In a new case study published today, Intacct highlights the results Crossref achieved by switching to Intacct’s cloud ERP applications. The full customer profile is available for download. Here is a quick overview:

Crossref’s Results with Intacct:

  • $45,000 in annual headcount savings 
  • Saving 50+ hours monthly with streamlined processes
  • Scaling easily despite membership and revenue growth

Highlighted comments from Lisa Hart, director of finance and operations at Crossref:

“After deciding to make a switch and narrowing down our options to NetSuite and Intacct, we felt that Intacct was the right financial management choice for us because of its unique multi-ledger approach as well as its strategy to easily integrate with other best-of-breed tools. What’s made us love Intacct even more over time has been the personal attention that the company’s expert, dedicated team provides at every step along the way.”

“We’ve streamlined our financial processes across the board, which saves about $45,000 in headcount each year despite our 53% revenue growth and significant transaction volume increase since adopting Intacct. More importantly, we’ve reduced potential errors and liability by having more accurate, reliable financial data about our business in Intacct.”

“Thanks to the financial insight we have in Intacct, we can confirm the viability of new offerings quickly—even for products that are revenue neutral, but strategically contribute to Crossref’s mission to serve the scholarly community. This type of reporting has been invaluable for both our board of directors and senior staff, who monitor our income across various streams in order to help make critical hiring and pricing decisions.”

About Intacct

Intacct is the customer satisfaction leader in cloud ERP software. Bringing cloud computing to finance and accounting, Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 11,000 organizations from startups to public companies, Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, 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, Instagram, Google+, and YouTube.

Media contacts

Peter Olson

Phone: 408-878-0951
Email: polson [@] intacct.com
Twitter: @Intacct_Peter

Brittany Benson

Phone: 408-620-3938
Email: bbenson [@] intacct.com
Twitter: @brittanybbenson

Finn Partners

Phone: 415-905-4000
Email: intacctteam [@] finnpartners.com
Twitter: @finnpartners