SAN JOSE, Calif., Jan. 28, 2016 /PRNewswire/ -- Intacct, a leading provider of best-in-class cloud ERP software, today announced it continues to accelerate its growth rate with impressive results across all sales channels. New bookings for the company's second fiscal quarter of 2016 (which ended December 31) increased 47% over the same period in the prior year. For the first half of the company's fiscal year, Intacct delivered an overall increase in new bookings of 45%.
The second quarter was highlighted by strong growth in both new customer bookings and add-on sales to existing customers. The growth in add-on sales is a direct reflection of Intacct's outstanding customer satisfaction. In the most recent G2 Crowd report on Accounting Software, Intacct was the only mid-market solution to be placed in the Leaders Quadrant and earned the distinction of having the highest customer satisfaction score at 97 – significantly above competing solutions including FinancialForce (65), Sage 100 ERP (48), NetSuite (45), and Microsoft Dynamics GP (14). These results are based entirely on verified customer reviews.
During the quarter, Intacct and its channel partners closed deals with a record number of new customers. Intacct continues to see strong demand from fast-growing companies across a range of vertical markets, including Software/SaaS, Services, Healthcare, Hospitality, and Nonprofit organizations.
Intacct partners continue to play an important role in the company's growth. In the second quarter, Intacct's channel partners achieved several milestones, including the largest number of customer deals in a quarter and the largest number of partners closing multiple deals in one quarter.
"While there may be volatility in the stock market, Intacct continues to execute at a high level across the business and delivered a growth rate of nearly 50% this quarter because we empower companies with insights to grow their business," said Robert Reid, CEO of Intacct. "We remain focused on providing midsized companies with a cloud ERP system that offers unmatched functionality for streamlining financial processes and gaining deep business insights. This enables our customers to be more agile than their competitors and win in the marketplace. Layer on top of that our high levels of customer service and you have a formula for happy customers and sustained success."
Intacct's business success can also be attributed to attracting outstanding employees and keeping those employees happy. In the past year alone, the company increased headcount by more than 40% and doubled the size of its headquarters in downtown San Jose. During the past quarter, Intacct received two additional top workplace distinctions – being named to the list of the San Francisco Bay Area's Best and Brightest Companies to Work For in 2015, as well as being named a silver winner in the Best Place to Work (medium-sized company) category in the in Best in Biz Awards. To learn more about current job openings at Intacct, please visit the Intacct Careers Page.
Intacct is a leading provider of best-in-class cloud ERP software. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 10,500 organizations from startups to public companies, Intacct is designed to improve company 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, cash management, purchasing, vendor management, financial consolidation, subscription billing, revenue recognition, project accounting, fund accounting, inventory management, 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.