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SAN JOSE, Calif. – May 4, 2015 – Intacct, a leading provider of best-in-class cloud ERP software, today launched Intacct Subscription Billing, a complete solution for B2B SaaS companies to automate the critical billing and accounting processes around subscription lifecycle management.
Built on the Salesforce1 Platform, Intacct Subscription Billing was created in response to evolving subscription revenue models which can significantly increase the volume and complexity of order management and accounting processes. Higher billing volumes increase the risk of billing inaccuracies if reviewer controls don’t scale with volume increases. Generating invoices manually or within disconnected systems exacerbates the problem, leading to unacceptable levels of billing accuracy.
Intacct Subscription Billing helps streamline the complete subscription management lifecycle by automating recurring billing, payment, and order processes. The solution enables users to bill accurately and on-time with preset billing runs. The solution automatically bills clients at the invoice due date while accounting for payments within Intacct. By managing the entire lifecycle for recurring revenue and billing, manual errors are dramatically reduced, and the company’s quote-to-cash process is simplified.
Further, using Intacct’s best-in-class revenue management capabilities, Intacct Subscription Billing automatically captures new subscription details and marks the data under the appropriate recognition rules independent of billing and pricing terms. By utilizing these subscription lifecycle management tools, users can set up triggers for renewal orders near the subscription end date, reducing churn and increasing the opportunity for up-sell.
“Intacct Subscription Billing was designed to meet the unique requirements of B2B subscription businesses, and specifically built on the Salesforce1 Platform so that the solution would work with our customer’s existing quote-to-cash processes and not require a costly CRM implementation,” said Robert Reid, CEO of Intacct. “Intacct Subscription Billing is built to remove the complexity and reduce the time and effort associated with recurring billing and payment processing while ensuring that B2B subscription businesses are able to easily address their sophisticated revenue recognition requirements.”
“Nearly every industry is being reshaped by the growing adoption of subscription services which require a new approach to track billing and other financial information,” said Jeffrey M. Kaplan, Managing Director of THINKstrategies, Inc. and founder of the Cloud Computing Showplace. “Intacct’s new Subscription Billing capabilities can help organizations better manage the more dynamic business processes associated with subscription services.”
To learn more visit: http://www.intacct.com/subscription-billing.
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.