Press Release

Member Business Solutions Implements Intacct to Modernize Financial Processes and Gain Operational Insight

Professional Services Organization Saves More than 100 Hours Monthly by Streamlining Billing and Reporting

MBS logo
We chose Intacct over NetSuite and others because it gave us an easy-to-use interface in an integrated AP, AR, project accounting, and general ledger system that we knew would scale our finance workflows easily as our company grows

SAN JOSE, Calif. – August 19, 2015 – Intacct, a leading provider of best-in-class cloud ERP software, today announced that Member Business Solutions switched to Intacct in order to scale time-consuming billing processes and increase visibility into key financial and operational metrics. MBS chose Intacct over NetSuite to simplify complex project billing and establish granular reporting for departments, service lines, customers, and employees. With Intacct, MBS shortened its monthly close, dramatically reduced time spent on reporting, and decreased revenue leakage.

In a new case study published today, Intacct highlights the results MBS achieved by switching to Intacct’s cloud ERP applications. The full case study is available for download at: http://us.intacct.com/customer-success-stories/member-business-solutions. Here is a quick overview of the profile:

MBS’ Results with Intacct:

  • Eliminated over 70 hours each month from billing processes
  • Saved 30 hours per month on reporting and responding to ad-hoc requests for financial data
  • Slashed monthly close by more than two-thirds
  • Decreased revenue leakage by streamlining project billing

Highlighted comments from Cori Schmidt-Zdrazil, vice president of finance at MBS:

“Intacct is transforming our organization by giving each of our leaders 100% visibility into the financial and operational metrics they’re responsible for, which helps them take greater ownership over their respective areas of the business.”

“We went looking for a cloud-based solution that would provide the financial reports we needed out-of-the-box. We chose Intacct over NetSuite and others because it gave us an easy-to-use interface in an integrated AP, AR, project accounting, and general ledger system that we knew would scale our finance workflows easily as our company grows.”

“Intacct gives us brand new capabilities when it comes to managing project fees from a bunch of different sources, like vendor invoices, expense reports, sales orders, etc. We’ve reduced revenue leakage because everything hits the right client invoice, and we don’t ever worry about missing something that’s billable.”

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