Confirmation.com Switches to Intacct for Multi-Entity Cloud Financial Management Audit Confirmation Company Automates Financial Processes, Gains Real-Time Visibility, and Dramatically Lowers IT Costs with Intacct
SAN JOSE, Calif., Nov. 11, 2013 /PRNewswire/ -- Intacct, a leader in cloud financial management and accounting software, today announced that Confirmation.com has switched from Microsoft Dynamics GP to Intacct's cloud-based financial system to streamline its financial processes and reporting across three entities. Intacct is helping Confirmation.com to eliminate several Excel worksheets, and gain real-time visibility into key financial and business metrics.
Confirmation.com provides secure electronic audit confirmation services, processing over $1 trillion in confirmation information annually for a majority of public companies, as well as private companies, non-profits, and government agencies. As the company grew, it began looking for a more flexible solution to its financial management and accounting needs.
"After several years of using the Microsoft Dynamics GP system, we recognized the benefits to be had by switching to a pure cloud-based solution," said Melanie Burress, controller at Confirmation.com. "We selected Intacct because it could handle our needs—such as more flexible reporting, automated processes, streamlined consolidations, and remote access—right out of the box, without requiring several add-ons like Dynamics."
Confirmation.com is in the process of deploying Intacct with the help of their technology and business consulting firm and Intacct partner, LBMC Technologies. Intacct will replace several laborious financial processes, such as the company's previous method of preparing cash flow statements by downloading data from a separate reporting system and using Excel to manipulate the format. With Intacct's extensive pre-built report library, Confirmation.com will now be able to easily produce the cash flow reports it needs without any additional work.
"Helping Confirmation.com to realize the benefits of the Intacct solution is very rewarding," said Stacy Schuettler, managing partner of LBMC Technologies. "Not only will Melanie and her team be able to take advantage of the streamlined financial processes and enhanced reporting, but due to the power and flexibility of Intacct Web Services, we are creating a customization that will provide a more robust and efficient integration with their online billing systems."
Intacct will also help Confirmation.com to maximize the speed and efficiency of several key financial management processes through comprehensive automation, and will provide a complete picture of the organization's financial performance at any time and from any location. In addition, Confirmation.com will reduce the total cost of ownership of its financial management system and free up valuable time to focus on its business by eliminating hardware costs and reducing its software and IT costs and maintenance burden.
"We are so excited to get up and running on Intacct—it will be nice to move our financials into the 21st century," commented Burress. "Intacct's modern, easy to use cloud software will help us dramatically streamline our cash flow reporting and easily manage our three separate entities without complex consolidation work. This is the type of financial system we need to manage our growth going forward."
"As a preferred provider within CPA2Biz's family of cloud-service partners, Confirmation.com has firsthand knowledge of Intacct's commitment to innovation and customer success," said Erik Asgeirsson, president and CEO of CPA2Biz, the technology subsidiary of the American Institute of CPAs (AICPA). "This is a great endorsement of Intacct and a good strategic decision by Confirmation.com."
To learn more about how Intacct helps software organizations improve productivity, please visit http://us.intacct.com/your-business/your-industry/software-saas-accounting-software.
Confirmation.com is the creator and world's leading provider of secure electronic audit confirmation services. It processes over $1 trillion in confirmation information annually for a majority of public companies, as well as private companies, non-profits and government agencies. In addition to its bank confirmation solution, the company provides solutions for more than 30 different types of audit confirmations including accounts receivable confirmations. Confirmation.com is the Preferred Provider of Electronic Confirmations for the AICPA Trusted Business Advisor™ Solutions Program and is endorsed by the American Bankers Association. Confirmation.com has also received numerous awards including being a multi-year alumnus on the Inc. 500 list for 2010 and 2011. Several hundred In-Network responding companies including all of the Top 10 banks in the U.S. and over 11,000 accounting firms in more than 100 countries trust Confirmation.com for their audit confirmation needs. For more information, visit www.confirmation.com.
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 7,300 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 accounting, fund accounting, inventory management, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via cloud computing.
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.
SOURCE Intacct Corporation