Intacct Web-Based Accounting Service Offers Speed and Ease of Migration From Older Accounting Systems

Users of Mid-Market Accounting Programs Can Migrate to Intacct's Web-Based

Service in Minutes Rather Than Months

Feb 28, 2001, 00:00 ET from Intacct Corporation

    LOS GATOS, Calif., Feb. 28 /PRNewswire/ -- Intacct Corporation, the
 leading provider of professional-strength, web-based accounting and related
 online business services, today announced Comma Separated Value (CSV) upload
 capability for users of mid-market accounting programs.  Now, with Intacct's
 Click & Grow(TM) utility, all existing accounts, transactions, employee,
 vendor, and customer data, as well as other vital business information, can be
 automatically transferred into a secure Intacct database.  Users of any
 accounting software program with export functions can migrate to the Intacct
     "Businesses have long realized the unprecedented efficiencies provided by
 integrated web-services.  But, until now, migrating data from traditional
 accounting programs has been a time-consuming and costly process," said
 David C.  Thomas, CEO of Intacct Corporation.  "Intacct's data upload
 capabilities allow small and mid-sized businesses instant access to our
 full-featured, web-based accounting which provides general ledger, accounts
 payable, accounts receivable, and human resource functions. "
     Checklist Simplifies Migration
     Intacct eases migration to its system by providing clients with a Company
 Set Up Checklist.  The 22-step checklist enables businesses to systematically
 set up their company within one screen.  Each step--from the creation of a
 chart of accounts and departments to uploading general ledger transactions to
 configuring accounts receivable -- is thoroughly documented and easy to
 follow.  Additional account information can be added at any time by simply
 returning to the checklist.
     All relevant checklist steps are import enabled.  The client merely points
 and clicks, then Intacct's system retrieves the data from the user's
 computer.  Strict security protocols are followed, and clients control which
 files Intacct may access.
     Instant feedback provides safeguards
     Intacct designed several safeguards into the upload service.  Instant
 feedback on imported data makes import failures easier to resolve.  Should
 data be uploaded in an incorrect format, Intacct's system saves the failed
 data rows in a separate error file, which is then available for download.
 Changes can be made and the same file reloaded.
     "Most uploads provide users with an error log but then require you to
 begin the upload process all over again.  The time savings with Intacct's
 process is dramatic," said Thomas.
     About Intacct Corporation
     Intacct Corporation is the first company to provide professional-strength,
 web-based accounting and related online business services.  Intacct is
 designed for companies that need more than an entry-level PC-based
 accounting package but want an alternative to complex, IT-intensive
 client/server solutions.
     Offered on a monthly subscription basis, the Intacct service can be
 accessed via any browser.
     Intacct was founded in June 1999 by accounting software pioneer
 David C. Thomas, developer of one of the first PC-based accounting systems.
 Intacct is funded by venture capital firms Hummer Winblad Venture Partners,
 JK&B Capital, and Caltos Capital LLC, as well as by Goldman, Sachs & Co,
 Deloitte & Touche LLP, and Matsushita Electric Industrial Co. Ltd.

SOURCE Intacct Corporation