Intacct Launches Seven Industry-Specific Financial Management Suites

Market Wire, November, 2006

Intacct Corporation, the leader in on-demand financial applications, today launched seven industry-specific financial management suites. Delivered as a subscription service over the Internet, Intacct provides small and midsize businesses with preconfigured financial business processes for the software, services, retail, wholesale, hospitality, nonprofit and franchise industries.

In addition to transactional functionality, such as general ledger, accounts payable, order entry, project management and e-commerce, Intacct comes with executive dashboards that can be personalized to display role-based information for the CEO, CFO, VP of Sales and business managers. To investigate a specific transaction, users simply click the graphical chart on the dashboard, drill down in the transaction and download the source document. As business conditions change, Intacct's customization and integration services give customers the power to add new software and update company-wide processes.

"Working closely with customers and partners in key industries, we have identified the essential functionalities and process flows required for each segment," said Robert J. Jurkowski, CEO and president of Intacct Corporation. "One of the major tenants of software as a service is customers' freedom of choice to build the enterprise applications they need to succeed in their specific markets. Combined with our customization and integration tools, Intacct's industry suites give users the ideal solution to grow and profit. We will expand the number of industry editions as we build new functionalities and integrate additional partner solutions into Intacct."

Available immediately, Intacct offers the following seven industry suites:

Intacct for Software Companies

A growing number of software companies pay a monthly subscription fee to access Intacct for Software, an on-demand financial management suite developed specifically for application vendors that want to grow, profit and comply with GAAP and Sarbanes-Oxley. Overcome complex financial issues with revenue recognition, contract management and advanced billing features. Run your operations more effectively with Web-based project management. Ease your growth pains with multi-entity management and multi-currency consolidation. The ability to add users, applications and business units as you scale makes Intacct the last financial software you'll ever need.

Intacct for Business Services Companies

Intacct combines project management, resource management and financial management in an on-demand enterprise solution that helps services companies profit by accurately estimating projects, delivering services on time and exceeding customer expectations -- again and again. Our highly customizable business processes are tailored to your specific industry requirements and best practices. Revenue recognition and complex billing optimize your cash flow throughout the project lifecycle. Intacct for Business Services is delivered as a monthly subscription service over the Internet, enabling your company and its people to share data, work closely with clients and make smart decisions faster.

Intacct for Wholesale Companies

Slimmer profit margins, fiercer price competition and growing cost pressures are forcing distributors to find new ways to improve the business processes around marketing and selling, taking orders and shipping, invoicing and supporting packaged wholesale goods. Intacct for Wholesale addresses the needs of small and midsize wholesale companies in a wide range of segments, including food service and grocery, industrial and consumer goods, technology and healthcare.

Intacct for Retail Companies

Intacct provides online retailers with a perfectly integrated suite of Web-based financial management and e-commerce applications. With Intacct for Retail, merchants have a turnkey solution to improve cash flow, optimize inventory management and ensure a great customer shopping experience. To combat big-box retailers, small and midsize merchants use Intacct's financial management, order capture, fulfillment, inventory, payment processing, database management and reports generation. Customers pay neither for hardware nor software. The Intacct for Retail suite is delivered as a monthly subscription service over the Internet and integrates to any Web site and Point-of-Sale (POS) device.

Intacct for Hospitality

Your job is to take care of guests. Our job is to take care of you. Intacct for Hospitality, a Web-based financial, supply chain and business intelligences suite, is built to accommodate the most complex distributed hotel, restaurant and tourism services chains. Multi-entity management and consolidation support all your hotels and business units and enable you to run per-bed profitability reports, see live store-by-store comparisons and post intra and inter-company transactions. Add management and front desk systems and automatically synchronize date with each entry. With Intacct's fine-grain user permission controls, staff can enter information for their specific departments, without accessing the rest of the system, giving you a secure real-time view of the entire operation.