Intacct Overview

Status: Actively Maintained & Sold

We represent Intacct because it is without a doubt one of the top cloud-based accounting business applications available worldwide – Period. How good are the financials? Good enough that it’s a preferred application by the American Institute of Certified Public Accountants. And consider that this was the first time in the AICPA’s 100+ year history that it recognized a single technology vendor as a preferred provider.

Consider that traditional ERP vendors have to spread their R&D spend across dozens of modules while Intacct who remains focused on their core accounting system can focus that investment into what matters most for financial executives – the core system they demand to run their business. Further, unlike other vendors with multiple product lines – Intacct has one – just one – allowing them to focus entirely on making it the absolute best product available.

Unlike aging ERP vendors, Intacct is one of the new breed of applications built for the cloud from its inception with no legacy code and designed for integration making it easy to connect to line of business applications and specialized third party business systems.

With over 11,000 customers, Intacct is the clear choice and new industry leader for accounting-driven businesses and organizations. Designed for single entities or complex businesses with hundreds of individual entities, Intacct requires zero IT infrastructure investment with a very low annual cost resulting in a very real return on investment for most companies within the first year.

One last point – CPAs love Intacct so much because they often use it in their own firms and since it’s cloud-based – they can access client’s Intacct systems online for tax and audit services without leaving the office or having to request reports.

Accounting Brochure          Overview Video

We were attracted to Intacct for a variety of reasons, but it was Intacct’s revenue management capabilities that really stood out for us. It used to take our finance team a significant amount of time each month to manage our revenue recognition. Now, I can look at my Intacct dashboard for real-time information.

Intacct History

Founded in 1999 in San Jose, CA, Intacct was literally one of the first accounting applications designed from the ground-up for the cloud – before everyone was even talking about the cloud. It’s clear from the company name that it’s focused on its core as Int represents the Internet and acct stands for accounting.

Industry leaders are taking notice of Intacct which as received countless awards for innovation including the Top 20 Cloud Software & Apps Vendors, 20 Coolest Cloud Software Vendors of 2012, CPA Practice Advisor 5-Star Review, and Nucleus Technology ROI Award (to name just a few).

With more than 500 employees, Intacct is perhaps just starting to hit its stride bringing on more and more partners and expanding its customer base nationally and internationally.

Target Industries

With over 11,000 customers, Intacct is the clear choice and new industry leader for professional service organizations, non-profit and membership associations, software and technology businesses, franchises, retail and hospitality businesses, senior living centers, religious institutions, private schools and educational organizations, investment and wealth management companies, wholesale distribution and ecommerce companies, and aviation businesses.

In fact, it’s ideal for any company that has a great business application they love that either doesn’t have backend accounting or the financial system is simply too limited to handle their accounting needs.

Professional Services Automation: Intacct includes Project Accounting and Time and Expense modules for built-in project accounting with milestone billing and complex project management and reporting. Other options for PSA are available in the Intacct Marketplace.

Non-Profit & Membership Associations: Non-profits used to have very limited accounting choices. They could buy one of the industry-specific applications on the market designed for their specific needs but they were forced to run on the desktop and had almost no options for third party add-ons or they could try to make a general accounting application work for their needs but configuring their general ledger just right to manage funds, grants, and other complexities of their particular industry. But no more. Intacct is killing the competition in the not-for-profit software market with the best of both worlds – cutting-edge technology with non-profit industry functionality. Further, integration with Salesforce.com provides new opportunities to manage memberships with bidirectional integration to Intacct for member-based organizations and clubs.

Accounting CPA Firms: Progressive CPA firms must provide high-value strategic support to clients while managing their own finances. Intacct offers an Accountants Program providing firms with online access to their clients’ books and Intacct can connect to specialized firm-management applications providing a more comprehensive accounting solution for in-house financial transactions and reporting.

Software & Technology: Very few legacy ERP systems supported the needs of software and technology firms. The few that did are as extinct as the dinosaur. Intacct is by far the best option with specialized revenue recognition to handle the complexities of software licenses, subscriptions, and renewals as well as consulting, implementation, and development projects. You can even integrate to Zuora, the industry-leading subscription billing system for SaaS applications. The Intacct Digital Board Book provides a holistic view of subscriptions including performance, financial data, and key metrics.

Healthcare & Senior Living Centers: Healthcare companies across a broad spectrum of services utilize Intacct for their financials but it’s especially well-suited for senior living centers with sophisticated accounting and reporting to manage financials by entity, facility, and down to the department level. Further, Intacct connects seamlessly with MatrixCare by MDI Achieve, adding accounts payable and general ledger functionality to the leading web-based EHR solution for long-term care and senior living organizations.

Wholesale Distribution & eCommerce: Intacct continues to invest in advancing the inventory management and order management modules making it a very attractive solution for wholesale distributors. Further, seamless integration with Salesforce.com closes the loop between prospecting and customer management and ecommerce options like Magento extend the system for online sales and customer self-service.

Religious Institutions: 1 Corinthians 4:2: Moreover, it is required of stewards that they be found trustworthy. Proverbs 3:9: Honor God with your wealth, and with the first fruits of all your produce. Finances are a huge part of every religious institution and church leadership has a responsibility to minimize costs to maximize investments into the works of the Church. Technology costs and unnecessary labor are huge costs that many churches struggle to manage. That’s why so many religious institutions love Intacct. Cloud accounting means that there is no infrastructure to purchase or to maintain. The simple user interface makes it easier to learn. And the financials are designed to provide insight to help the organization minimize costs across the organization.

Franchise Businesses: Manage the finances of your entire franchise business with insights into each franchise location and rolled-up consolidated views of financials. Most business software supports multiple companies but none are designed the way Intacct is to manage franchise businesses with information for the franchise business and corporate management with separate books for independent franchise owners to manage their day to day business all from the same system! Staff at each franchise location can perform specific financial processes based on roles and permissions. And everyone can be on the same page with easy integration and anywhere, anytime access to real-time information.

Aviation Businesses: Aviation businesses are complex and geographically dispersed making Intacct the perfect solution for access anytime, anywhere, and on any device. Financials support multiple books for different legal entities with built-in consolidations and dimensions to simplify your chart of accounts while providing a new way to analyze financials by location, department, project, or other criteria making it easy to adapt to change when you add or remove a new location or department. And Intacct’s unique design makes it easy to integrate to specialized aviation business applications for maintenance, scheduling, and quality management.

Private Schools & Education: Private schools and educational institutions historically have been underserved by accounting technology. Few options were available that provided the deep financial features they needed along with the functionality to integrate to various external applications for maintenance and operations, curriculum, learning management, enrollment, and other departments. Intacct is the solution you’ve been waiting for. The financials are amazing and incredibly flexible and the open API architecture makes it a breeze to connect to other systems.

Retail & Hospitality: It doesn’t matter if you’re operating a single storefront or independent hotel or if you have hundreds of storefronts or hotel locations – Intacct can help you manage your business better. The financials are extremely flexible providing insights into sales and inventory availability with multiple options for point of sale, payment processing, and sales tax. Salesforce integration enables you to better understand your customers, guests, and prospects. And best of all, you can keep the reservation or inventory management systems you use today and simply connect them to Intacct to get the financial management functionality you demand to manage your business effectively.

Target Company Size

The beautiful part of Intacct and SaaS cloud accounting software is that it is truly scalable unlike any other business application. Yeah – you’ve heard that before from everyone else. But it’s true. Some of the smallest Intacct users only have a few people accessing the software while some of the largest have hundreds of users inside the software every single day. Intacct defines their target market as companies with between 5 to 2000 employees.

Small Companies & QuickBooks Alternative

Companies and organizations outgrowing QuickBooks are a perfect fit for Intacct which offers much deeper accounting functionality, better integration with specialized third party applications, and a very low entry-level cost starting at under $10,000 annually. Now that might sound like a lot to a small company but consider that you don’t have to buy a server, you never have to upgrade your operating system, you don’t have to hire IT staff, and you don’t have to license or administer a database. Those costs alone will easily add up to much more than your investment in Intacct.

Larger Enterprises & Holding Companies

Intacct has a very unique way of managing multiple companies where each entity can operate independently inside the same system with 100% built-in consolidations to the parent entity. Further, the pure SaaS deployment makes it the perfect solution for geographically dispersed businesses. You can manage headquarters in Erie, PA; a distribution center in Kalamazoo, MI; service centers in Asheville, NC and Topeka, KS; and a sales office in Knoxville, TN – all from the same system without any overhead for hosting, virtual private networks, or server farms. And that’s just within one company. You could manage a holding company and literally hundreds of subsidiary businesses inside Intacct with a real-time consolidated view of financials – something that’s simply not available in traditional systems unless you’re ready to pay millions for SAP or Oracle.

Technology

It’s a true Software-as-a-Service application sold as a low annual subscription requiring no servers, operating systems, databases, or any other infrastructure. If you have an Internet connection and you can log into Intacct anywhere, anytime, on any device. The application runs on their own Intacct cloud infrastructure  featuring open APIs making it easy to connect to other systems – on-premise or on the cloud. In fact, it’s so easy that 75% of Intacct customers have integrated it with at least two other applications. This is a true best of breed model. Start with the best possible accounting system and then pick and choose the best business applications available for each area of your business – supply chain management, human resources, customer relationship management, and more.

Intacct features automatic quarterly upgrades that are 100% hands-off with no business disruption and no costs for upgrade consulting. You have no servers to buy, no operating system compatibility issues to worry about, and no databases to administrate. Intacct is plug-and-play. You sign up and login and start configuring the software with your partner. It’s that simple. The platform leverages Oracle as the underlying database and delivers world-class security, backups, disaster recovery, redundancy, and multiple measure to protect your data automatically.

Intacct guarantees 99.8 % uptime, airtight data security, and comprehensive disaster recovery. They even publish this live uptime information to their website for prospects and customers to view in full transparency. They’ve completed exhaustive SSAE 16 SOC1 Type II audits and are certified by Trustwave, Digicert, and other leading security agencies. Multiple Fortune 100-class data centers are managed by Century Link in Santa Clara, CA and by Quality Technology Services (QTS) in Sacramento, CA. Each data center is monitored 24/7/365 and provides full data recovery within 24 hours in the event of major disaster.

Legacy systems ported to the web on a hosting platform tend to be slow. In contrast, Intacct is incredibly responsive with page loading well under a second on average. That’s faster than many desktop applications!

Using Intacct’s Customization or Platform Services tools, many customers can create truly amazing customized business applications without ever writing a line of code. More advanced customizations and development projects require knowledge of HTML, JavaScript, and PHP or the expertise of a partner like e2b teknologies that specializes in cloud-based business application integration and development.

Global Markets

Intacct is a phenomenal accounting application for companies and organizations in North America, the Caribbean, and some international, English-speaking countries. It fully-supports multiple currencies and multiple locations. However, it is not multi-lingual and it may not comply with some international accounting standards in different countries. Contact us for more information about Intacct for companies and organizations that have international business requirements.

Modules

Intacct is primarily comprised of three types of modules: financials, services, and distribution but it can easily be extended through third party applications and Salesforce.com to adapt to many other industries.

Core financials include General Ledger, Accounts Payable, Accounts Receivable, Cash Management, Reporting & Dashboards, Digital Board Book, and Collaborate for intra and inter-departmental communication within the business application. Optional advanced financial modules include Multi-Entity Management & Global Consolidations, Contract & Subscription Billing, Sales & Use Tax, Fixed Assets, Vendor Payment Services, and Check Delivery Service. Dozens of integrated extensions are available in the Intacct Marketplace including A/R credit and collections automation, credit card and merchant services, retail and point of sale, budgeting, human resources, payroll, document management, grants management, fundraising, fund accounting, donor management, allocations, school billing, EFT, and more.

Distribution applications include Purchase Order (included in core), Order Management (included in core), Inventory Management, and Sales & Use Tax. Marketplace extensions include sales commissions, warehouse management, manufacturing, electronic data interchange (EDI), ecommerce, rental management, requisitions and procurement,

Service modules center on the powerful Project Accounting application and integrated Time & Expense Management, and Contract Revenue Management modules. Extended application from third party developers include timesheets, service contracts, property management, and independent PSA applications that integrate to Intacct accounting offering service companies alternatives to the built-in project accounting system. New applications are added to the marketplace all the time with many options to grow each area of your business.

Customers

Intacct attracts customers from all walks of life including small unknown companies who’ve had enough with QuickBooks to some of the most respected businesses in the world.

Some of the 11,000 customers who love Intacct every day include Marketo, GrubHub, Kayak, Meetup, Guidewire, Puppet Labs, Atlanta Convention & Visitors Bureau, Faith Promise Church, USA Fencing, University Clinical Health, Mozilla (makers of Firefox), and the NCAA Big 10 Conference.

Customers across the board are realizing tremendous return on investment by maintaining or reducing staffing costs; elimination of IT infrastructure costs; and streamlined processes and reporting.

Intacct Cost & ROI

With pricing starting at less than $10,000 for a few users, Intacct is incredibly cost-effective considering there is zero need to purchase servers or licenses for databases or operating systems and you need NO ONE to maintain the system eliminating costly IT management overhead.