SlideShare a Scribd company logo
– more –
FOR IMMEDIATE RELEASE
Press Contact:
Peter Olson
Intacct
408-878-0951
polson@intacct.com
http://www.twitter.com/intacct_peter
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Outgrowing QuickBooks or Migrating from Outdated On-premises Systems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higher and Intacct is helping to drive a sea change away from outdated, on-premises systems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
Intacct Grows New Customer Bookings by Nearly 40 Percent
Page 2
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.
# # #
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.

More Related Content

More from Intacct Corporation

2017 0413 webinar_financial_reporting
2017 0413 webinar_financial_reporting2017 0413 webinar_financial_reporting
2017 0413 webinar_financial_reporting
Intacct Corporation
 
2017 0223 webinar_nonprofit_accountability
2017 0223 webinar_nonprofit_accountability2017 0223 webinar_nonprofit_accountability
2017 0223 webinar_nonprofit_accountability
Intacct Corporation
 
2016 1117 webinar_the_benefits_of_project_accounting
2016 1117 webinar_the_benefits_of_project_accounting2016 1117 webinar_the_benefits_of_project_accounting
2016 1117 webinar_the_benefits_of_project_accounting
Intacct Corporation
 
2016 0505 webinar_subscription_lifecycle
2016 0505 webinar_subscription_lifecycle2016 0505 webinar_subscription_lifecycle
2016 0505 webinar_subscription_lifecycle
Intacct Corporation
 
2016 0317 webinar_coa_nfp
2016 0317 webinar_coa_nfp2016 0317 webinar_coa_nfp
2016 0317 webinar_coa_nfp
Intacct Corporation
 
2015 1029 webinar_meet_the_tech_savvy_cfo
2015 1029 webinar_meet_the_tech_savvy_cfo2015 1029 webinar_meet_the_tech_savvy_cfo
2015 1029 webinar_meet_the_tech_savvy_cfo
Intacct Corporation
 
Intacct infographic -_are_you_prepared_for_asc_606
Intacct infographic -_are_you_prepared_for_asc_606Intacct infographic -_are_you_prepared_for_asc_606
Intacct infographic -_are_you_prepared_for_asc_606
Intacct Corporation
 
Intacct webinar tech_savvy_cfo_visibility
Intacct webinar tech_savvy_cfo_visibilityIntacct webinar tech_savvy_cfo_visibility
Intacct webinar tech_savvy_cfo_visibility
Intacct Corporation
 
2017 0308 webinar_project_accounting_pst
2017 0308 webinar_project_accounting_pst2017 0308 webinar_project_accounting_pst
2017 0308 webinar_project_accounting_pst
Intacct Corporation
 
2017 0228 webinar_revenue_management
2017 0228 webinar_revenue_management2017 0228 webinar_revenue_management
2017 0228 webinar_revenue_management
Intacct Corporation
 
2016 1208 webinar_mastering_your_transition
2016 1208 webinar_mastering_your_transition2016 1208 webinar_mastering_your_transition
2016 1208 webinar_mastering_your_transition
Intacct Corporation
 
2016 1109 webinar_coa_nfp
2016 1109 webinar_coa_nfp2016 1109 webinar_coa_nfp
2016 1109 webinar_coa_nfp
Intacct Corporation
 
Financial Metrics That Mean to Nonprofits
Financial Metrics That Mean to NonprofitsFinancial Metrics That Mean to Nonprofits
Financial Metrics That Mean to Nonprofits
Intacct Corporation
 
Stop Reporting Like It's 1999
Stop Reporting Like It's 1999Stop Reporting Like It's 1999
Stop Reporting Like It's 1999
Intacct Corporation
 
Zuora and Intacct Launch Integrated Solution
Zuora and Intacct Launch Integrated SolutionZuora and Intacct Launch Integrated Solution
Zuora and Intacct Launch Integrated Solution
Intacct Corporation
 
Confirmation.com Switches to Intacct for Multi-Entity Cloud Financial Management
Confirmation.com Switches to Intacct for Multi-Entity Cloud Financial ManagementConfirmation.com Switches to Intacct for Multi-Entity Cloud Financial Management
Confirmation.com Switches to Intacct for Multi-Entity Cloud Financial Management
Intacct Corporation
 
Intacct Honors Top Partners
Intacct Honors Top PartnersIntacct Honors Top Partners
Intacct Honors Top Partners
Intacct Corporation
 
Intacct Cloud Financial Applications Provide Foundation for Expansion at Isla...
Intacct Cloud Financial Applications Provide Foundation for Expansion at Isla...Intacct Cloud Financial Applications Provide Foundation for Expansion at Isla...
Intacct Cloud Financial Applications Provide Foundation for Expansion at Isla...
Intacct Corporation
 
CrowdStar Eases Complex Revenue Recognition and Improves Financial Reporting ...
CrowdStar Eases Complex Revenue Recognition and Improves Financial Reporting ...CrowdStar Eases Complex Revenue Recognition and Improves Financial Reporting ...
CrowdStar Eases Complex Revenue Recognition and Improves Financial Reporting ...
Intacct Corporation
 

More from Intacct Corporation (19)

2017 0413 webinar_financial_reporting
2017 0413 webinar_financial_reporting2017 0413 webinar_financial_reporting
2017 0413 webinar_financial_reporting
 
2017 0223 webinar_nonprofit_accountability
2017 0223 webinar_nonprofit_accountability2017 0223 webinar_nonprofit_accountability
2017 0223 webinar_nonprofit_accountability
 
2016 1117 webinar_the_benefits_of_project_accounting
2016 1117 webinar_the_benefits_of_project_accounting2016 1117 webinar_the_benefits_of_project_accounting
2016 1117 webinar_the_benefits_of_project_accounting
 
2016 0505 webinar_subscription_lifecycle
2016 0505 webinar_subscription_lifecycle2016 0505 webinar_subscription_lifecycle
2016 0505 webinar_subscription_lifecycle
 
2016 0317 webinar_coa_nfp
2016 0317 webinar_coa_nfp2016 0317 webinar_coa_nfp
2016 0317 webinar_coa_nfp
 
2015 1029 webinar_meet_the_tech_savvy_cfo
2015 1029 webinar_meet_the_tech_savvy_cfo2015 1029 webinar_meet_the_tech_savvy_cfo
2015 1029 webinar_meet_the_tech_savvy_cfo
 
Intacct infographic -_are_you_prepared_for_asc_606
Intacct infographic -_are_you_prepared_for_asc_606Intacct infographic -_are_you_prepared_for_asc_606
Intacct infographic -_are_you_prepared_for_asc_606
 
Intacct webinar tech_savvy_cfo_visibility
Intacct webinar tech_savvy_cfo_visibilityIntacct webinar tech_savvy_cfo_visibility
Intacct webinar tech_savvy_cfo_visibility
 
2017 0308 webinar_project_accounting_pst
2017 0308 webinar_project_accounting_pst2017 0308 webinar_project_accounting_pst
2017 0308 webinar_project_accounting_pst
 
2017 0228 webinar_revenue_management
2017 0228 webinar_revenue_management2017 0228 webinar_revenue_management
2017 0228 webinar_revenue_management
 
2016 1208 webinar_mastering_your_transition
2016 1208 webinar_mastering_your_transition2016 1208 webinar_mastering_your_transition
2016 1208 webinar_mastering_your_transition
 
2016 1109 webinar_coa_nfp
2016 1109 webinar_coa_nfp2016 1109 webinar_coa_nfp
2016 1109 webinar_coa_nfp
 
Financial Metrics That Mean to Nonprofits
Financial Metrics That Mean to NonprofitsFinancial Metrics That Mean to Nonprofits
Financial Metrics That Mean to Nonprofits
 
Stop Reporting Like It's 1999
Stop Reporting Like It's 1999Stop Reporting Like It's 1999
Stop Reporting Like It's 1999
 
Zuora and Intacct Launch Integrated Solution
Zuora and Intacct Launch Integrated SolutionZuora and Intacct Launch Integrated Solution
Zuora and Intacct Launch Integrated Solution
 
Confirmation.com Switches to Intacct for Multi-Entity Cloud Financial Management
Confirmation.com Switches to Intacct for Multi-Entity Cloud Financial ManagementConfirmation.com Switches to Intacct for Multi-Entity Cloud Financial Management
Confirmation.com Switches to Intacct for Multi-Entity Cloud Financial Management
 
Intacct Honors Top Partners
Intacct Honors Top PartnersIntacct Honors Top Partners
Intacct Honors Top Partners
 
Intacct Cloud Financial Applications Provide Foundation for Expansion at Isla...
Intacct Cloud Financial Applications Provide Foundation for Expansion at Isla...Intacct Cloud Financial Applications Provide Foundation for Expansion at Isla...
Intacct Cloud Financial Applications Provide Foundation for Expansion at Isla...
 
CrowdStar Eases Complex Revenue Recognition and Improves Financial Reporting ...
CrowdStar Eases Complex Revenue Recognition and Improves Financial Reporting ...CrowdStar Eases Complex Revenue Recognition and Improves Financial Reporting ...
CrowdStar Eases Complex Revenue Recognition and Improves Financial Reporting ...
 

Recently uploaded

2015pmkemenhub163.pdf 2015pmkemenhub163.pdf
2015pmkemenhub163.pdf 2015pmkemenhub163.pdf2015pmkemenhub163.pdf 2015pmkemenhub163.pdf
2015pmkemenhub163.pdf 2015pmkemenhub163.pdf
CIkumparan
 
Resolutions-Key-Interventions-28-May-2024.pdf
Resolutions-Key-Interventions-28-May-2024.pdfResolutions-Key-Interventions-28-May-2024.pdf
Resolutions-Key-Interventions-28-May-2024.pdf
bhavenpr
 
What Ukraine Has Lost During Russia’s Invasion
What Ukraine Has Lost During Russia’s InvasionWhat Ukraine Has Lost During Russia’s Invasion
What Ukraine Has Lost During Russia’s Invasion
LUMINATIVE MEDIA/PROJECT COUNSEL MEDIA GROUP
 
Hogan Comes Home: an MIA WWII crewman is returned
Hogan Comes Home: an MIA WWII crewman is returnedHogan Comes Home: an MIA WWII crewman is returned
Hogan Comes Home: an MIA WWII crewman is returned
rbakerj2
 
04062024_First India Newspaper Jaipur.pdf
04062024_First India Newspaper Jaipur.pdf04062024_First India Newspaper Jaipur.pdf
04062024_First India Newspaper Jaipur.pdf
FIRST INDIA
 
Hindustan Insider 2nd edition release now
Hindustan Insider 2nd edition release nowHindustan Insider 2nd edition release now
Hindustan Insider 2nd edition release now
hindustaninsider22
 
Gabriel Whitley's Motion Summary Judgment
Gabriel Whitley's Motion Summary JudgmentGabriel Whitley's Motion Summary Judgment
Gabriel Whitley's Motion Summary Judgment
Abdul-Hakim Shabazz
 
Acolyte Episodes review (TV series)..pdf
Acolyte Episodes review (TV series)..pdfAcolyte Episodes review (TV series)..pdf
Acolyte Episodes review (TV series)..pdf
46adnanshahzad
 
EED - The Container Port PERFORMANCE INDEX 2023
EED - The Container Port PERFORMANCE INDEX 2023EED - The Container Port PERFORMANCE INDEX 2023
EED - The Container Port PERFORMANCE INDEX 2023
El Estrecho Digital
 
Letter-from-ECI-to-MeiTY-21st-march-2024.pdf
Letter-from-ECI-to-MeiTY-21st-march-2024.pdfLetter-from-ECI-to-MeiTY-21st-march-2024.pdf
Letter-from-ECI-to-MeiTY-21st-march-2024.pdf
bhavenpr
 

Recently uploaded (10)

2015pmkemenhub163.pdf 2015pmkemenhub163.pdf
2015pmkemenhub163.pdf 2015pmkemenhub163.pdf2015pmkemenhub163.pdf 2015pmkemenhub163.pdf
2015pmkemenhub163.pdf 2015pmkemenhub163.pdf
 
Resolutions-Key-Interventions-28-May-2024.pdf
Resolutions-Key-Interventions-28-May-2024.pdfResolutions-Key-Interventions-28-May-2024.pdf
Resolutions-Key-Interventions-28-May-2024.pdf
 
What Ukraine Has Lost During Russia’s Invasion
What Ukraine Has Lost During Russia’s InvasionWhat Ukraine Has Lost During Russia’s Invasion
What Ukraine Has Lost During Russia’s Invasion
 
Hogan Comes Home: an MIA WWII crewman is returned
Hogan Comes Home: an MIA WWII crewman is returnedHogan Comes Home: an MIA WWII crewman is returned
Hogan Comes Home: an MIA WWII crewman is returned
 
04062024_First India Newspaper Jaipur.pdf
04062024_First India Newspaper Jaipur.pdf04062024_First India Newspaper Jaipur.pdf
04062024_First India Newspaper Jaipur.pdf
 
Hindustan Insider 2nd edition release now
Hindustan Insider 2nd edition release nowHindustan Insider 2nd edition release now
Hindustan Insider 2nd edition release now
 
Gabriel Whitley's Motion Summary Judgment
Gabriel Whitley's Motion Summary JudgmentGabriel Whitley's Motion Summary Judgment
Gabriel Whitley's Motion Summary Judgment
 
Acolyte Episodes review (TV series)..pdf
Acolyte Episodes review (TV series)..pdfAcolyte Episodes review (TV series)..pdf
Acolyte Episodes review (TV series)..pdf
 
EED - The Container Port PERFORMANCE INDEX 2023
EED - The Container Port PERFORMANCE INDEX 2023EED - The Container Port PERFORMANCE INDEX 2023
EED - The Container Port PERFORMANCE INDEX 2023
 
Letter-from-ECI-to-MeiTY-21st-march-2024.pdf
Letter-from-ECI-to-MeiTY-21st-march-2024.pdfLetter-from-ECI-to-MeiTY-21st-march-2024.pdf
Letter-from-ECI-to-MeiTY-21st-march-2024.pdf
 

Intacct Grows New Customer Bookings by Nearly 40 Percent

  • 1. – more – FOR IMMEDIATE RELEASE Press Contact: Peter Olson Intacct 408-878-0951 polson@intacct.com http://www.twitter.com/intacct_peter 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 Page 2 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. # # # 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.