Intacct Rides Cloud Computing Momentum to Record Yearly Results

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Intacct grows new customer bookings by nearly 50 percent in 2012; adds record number of new customers in most recent quarter.

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There is no doubt that 2012 was the year cloud financial applications went mainstream

Sererra, a premier VAR and cloud consulting group, congratulates Intacct on their record results for calendar year 2012. Over the past twelve months, Intacct,a leader in cloud financial management and accounting software, increased new customer bookings by more than 47% over 2011. In the company’s second fiscal quarter, ending December 31, Intacct rode strong momentum from companies outgrowing QuickBooks and those looking to switch from outdated mid-market on-premises software to secure a record number of new customer additions. All of this points to increasing momentum in the cloud financials market as gains in other business application areas, such as customer relationship management and human resources, are now reaching core financials.

Existing customers also voiced their satisfaction and deepened their commitment to Intacct. Add-on business with current Intacct customers remained strong, with these companies adding new users and subscribing to additional Intacct applications in record numbers during 2012.

"There is no doubt that 2012 was the year cloud financial applications went mainstream,” said Robert Reid, CEO of Intacct. “While on-premises financial software growth is essentially flat, cloud vendors continue to grow rapidly. With new customer additions at an all-time high, we are seeing increased demand for our award-winning financial applications. In addition, as the cloud partner of choice for the channel, we continue to see momentum across both traditional resellers and top accounting firms. Intacct customers will receive a slate of significant product enhancements in 2013 that will extend the value of their investment and provide the opportunity for accelerated growth for Intacct and our partners.”

Reflecting more broadly on 2012, Intacct achieved many significant milestones, including one of the strongest channel programs of any cloud financial vendor. Included in this channel program is Sererra Consulting Group, a Top 100 VAR and one of Accounting Today's Technology Pacesetters.

About Sererra
Sererra is a leading Green IT technology and management consulting firm focusing on delivering turnkey business solutions for firms worldwide. A provider of SaaS based technology for ERP, CRM and eCommerce needs, Sererra’s core areas of expertise emphasize business process engineering, systems implementation, integration and custom software development including cloud-based business processes for a wide range of industries. As an Intacct provider and integrator serving the mid-market with hundreds of implementations, Sererra provides clients with a complete unified integrated solution that enables business to grow more profitably.

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 management, project and fund accounting, inventory management, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via cloud computing.

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Julie Bodine, Marketing Director
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