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SAN JOSE, Calif. – Nov. 12, 2013 – As the economy continues to regain its footing, more and more companies have entered a phase of extreme growth. Intacct, a leader in cloud financial management and accounting software, helps these fast-growing businesses to both optimize their increasingly complex accounting processes and gain real-time financial and operational insights to guide their future.
Widely celebrated as some of the most rapidly growing technology companies, customers like Bizo, ProKarma, and Meetup are using Intacct to maximize the speed and efficiency of their financial management workflows. By automating everything from their financial close and reporting to project accounting, revenue management, procurement, time and expense capture, and other bookkeeping activities, these businesses are able to do more with less. The increased productivity Intacct provides enables companies to scale dramatically while keeping their finance teams lean.
As organizations expand, they are often faced with managing multiple offices, territories, business lines, or legal entities, as well as various currency conversions. In the booming software and technology industries, they also need to meet complicated revenue recognition requirements for subscription business models. As a result, it becomes more challenging for financial leaders to keep up with their books day-to-day, let alone stay agile and focus on planning for the long term. Intacct’s flexible applications meet these challenges by increasing productivity, enabling oversight and controls, and ensuring accuracy and compliance with financial regulations.
For example, business audience marketing leader Bizo is a high flier on Inc. Magazine’s fastest-growing private companies list – experiencing an impressive 819% growth over the past three years. Brenda Luebbers, Bizo’s director of finance and human resources, noted, “We are continually amazed by Intacct’s ability to support our financial management needs as we scale our business. Intacct’s flexibility allows our small team to be more agile, even with our most tedious undertakings. For example, we were able to fly through our 2012 audit requests because Intacct keeps all the backup details we need right in the system.”
ProKarma, a fast-growing IT services company that has seen its employee count jump to well over 1600, is a great example of how Intacct helps accelerate growth by enabling better business decisions. “Intacct has done a stellar job of handling our complex global business structure as we’ve expanded globally,” said Craig Stack, CFO of ProKarma. “Because Intacct is flexible enough to support both our financial management and project accounting needs worldwide, we operate with greater efficiency and visibility into things like optimizing our staffing and maximizing project profitability, which helps us drive growth.”
Another example of the value Intacct delivers as companies grow comes from Meetup, the world’s largest network of local groups with nearly 15 million online members in 196 countries. “We’ve consistently grown more than 20 percent year-over-year since we implemented Intacct in 2010, and the efficiencies we’ve gained have allowed us to keep up without adding any headcount to the finance team,” shared Jurate Baubliene, finance manager at Meetup. “Intacct’s robust revenue recognition capabilities help us easily comply with complex GAAP requirements and the ability to automate processes has almost halved our monthly close – allowing us to spend more time on value-added activities.”
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.