Intacct: Realizing the Efficient Financial Processes through Cloud

CIO VendorRobert Reid, CEO
In today’s technologically evolving world, successful accounting firms must provide high-value strategic support to multiple offsite clients, plus run a tight ship in house. One key to maximizing the profitability of their client’s accounting practices is reducing time-consuming manual efforts and another is ditching high-maintenance technology in favor of a modern, cloud-based financial management solutions. San Jose, CA based Intacct is providing best-in-class cloud ERP software bringing cloud computing to finance and accounting, making them the preferred financial applications for American Institute of Certified Public Accountants (AICPA) business solutions. In use by more than 10,500 businesses from startups to public companies, Intacct's software is designed to improve an organization’s 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, contract management, revenue management, project and fund accounting, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the internet via cloud computing. “Our customers drive our business at Intacct and we have built a culture where everyone strives to do their best, and do it in an innovative way. That is how we create the most value for our customers, and that is what gets us most energized,” says Robert Reid, CEO of Intacct.

Intacct’s core financials automate a firm’s most important processes, reducing reliance on spreadsheets, and giving greater visibility into the real-time business performance. Intacct’s online accounting software is built on a multi-dimensional general ledger, giving clients’ visibility into their whole business and taking the solution way beyond the realm of most cloud ERP software programs. With endlessly flexible reporting power, one can see the information, their way, and with an extraordinary depth of financial features, organizations’ can automate all their important activities, including the entire procure-to-pay process and the entire order-to-cash process.

Our customers drive our business at Intacct and we have built a culture where everyone strives to do their best, and do it in an innovative way


Intacct accounting software also adapts to the organizations’ unique requirements, saving IT costs with no hardware to install and zero-impact upgrades. The solution also protects data with enterprise-grade security and backup and disaster recovery.

The software’s report and dashboard feature include both operational and financial metrics, and can be segmented by project, product, location, or any business driver according to the clients’ needs. Built-in reports make it easy to meet a client’s regulatory reporting requirements, and can create client-specific reports without coding or spreadsheet work. Reusable templates allow firms’ to define reports once and leverage them across multiple clients so organizations don't have to re-invent the wheel with each client. The accounting software for CPA firms provides best-in-class accounting capabilities and easy integration to CRM, payroll, and other point solutions. “It automates client management and allows data to automatically flow between multiple systems. Spend less time entering data and correcting mistakes and has more time to provide trusted advisor services,” adds Reid.

The software also provides organizations the power to make strategic decisions with real-time SaaS metrics that go beyond GAAP metrics captured in an automated process. The metrics for the SaaS business are delivered via a dashboard as performance cards, reports, charts, and graphs that you can use to spot trends, compare to benchmarks, drill down into the source data, and more. For the days to come the company wants to continue bringing unmatched finance expertise to the clients’ worldwide. “We are focused on our customer’s success, Intacct has the highest customer satisfaction in the industry and we want to continue with the position,” concludes Reid.