Demand for cloud financial software has never been higher and Intacct is helping to drive a sea change away from outdated, on-premises systems from the likes of Microsoft and Sage. Continuing its string of outstanding growth, Intacct today delivered strong results for the company’s full fiscal year, ended June 30. Intacct’s new customer bookings were the largest in the company’s history, increasing by 38% over the prior year.
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Intacct Grows New Customer Bookings by Nearly 40 Percent
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Intacct Grows New Customer Bookings by Nearly 40 Percent
Capitalizes on Growing Demand for Cloud Financial Software from Companies
Outgrowing QuickBooks or Migrating from Outdated On-premises Systems
SAN JOSE, Calif. – July 25, 2013 – Demand for cloud financial software has never been
higher and Intacct is helping to drive a sea change away from outdated, on-premises systems
from the likes of Microsoft and Sage. Continuing its string of outstanding growth, Intacct today
delivered strong results for the company’s full fiscal year, ended June 30. Intacct’s new
customer bookings were the largest in the company’s history, increasing by 38% over the prior
year.
Intacct, a leader in cloud financial management and accounting software, delivered strong
execution across all channels and the company’s growth rate continues to outpace other cloud
financial software vendors. When looking at business from the channel, Intacct’s partners
delivered notable results, adding 50% more new customer accounts during the past year than
the prior year. Company-wide results from existing customers also remained impressive, with
Intacct customers adding users and additional applications in record amounts during the year –
a reflection of Intacct’s high customer satisfaction levels.
As the economy picks up, businesses have moved back into high growth mode. This is
increasing the number of companies outgrowing the capabilities of entry-level systems like
QuickBooks and looking for a more robust financial system. In addition, companies saddled with
clunky on-premises financial systems from vendors like Microsoft and Sage are progressively
looking to move to a cloud financial system to streamline processes, increase visibility, and
accelerate their growth.
“Intacct is currently in a significant growth mode, just trying to keep up with the high demand for
our best-in-class cloud financial software,” said Robert Reid, CEO of Intacct. “Companies have
moved beyond focusing on just the cost savings and automation associated with cloud financial
2. Intacct Grows New Customer Bookings by Nearly 40 Percent
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software, and now also want a system that can help them grow even faster. Our impressive
financial results and continued high levels of customer satisfaction are a true reflection of the
innovative functionality provided by our system that enables CFOs to truly transform their
business.”
Industry watchers are also increasingly taking note of Intacct’s performance. During the past
three months alone, Intacct was named to an impressive array of Top Company listings,
including the Red Herring 100, JMP Securities Top 100, AlwaysOn OnDemand 100, and the
AlwaysOn Global 250.
About Intacct
Intacct is the cloud financial management company. Bringing cloud computing to finance and
accounting, Intacct’s award-winning applications are the preferred financial applications for
AICPA business solutions. Intacct applications, in use by more than 6,000 organizations from
startups to public companies, are designed to improve company performance and make finance
more productive. Hundreds of leading CPA firms and Value Added Resellers offer Intacct to
their clients. The Intacct system includes accounting, contract management, revenue
recognition, project and fund accounting, inventory management, purchasing, vendor
management, financial consolidation 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 or
YouTube.
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Intacct and the Intacct logo are trademarks of Intacct Corporation. All other company and product names mentioned
herein may be trademarks of their respective owners.