LOS GATOS, Calif., April 10 /PRNewswire/ -- Intacct Corporation, the
leading provider of professional-strength, web-based accounting and related
online business services, today delivered financial drill-down power
previously available only in high-end accounting systems. The financial
drill-down feature allows CPAs, CFOs, and other managers to view the details
behind summary entries in balance sheets and other financial reports at the
click of a mouse.
Available immediately as a free upgrade to Intacct users, the drill-down
feature makes financial reports virtually transparent. While other packages
allow simple drill-downs on line items, Intacct delivers drill-down on every
value and provides hierarchical drill-down through summary totals to
individual transactions. The reach of the drill-down feature extends even to
transactions found in other modules.
Without the drill-down feature, a CFO might need to request a report from
the vice president of sales, who in turn might need to contact a regional
sales manager -- a process that could take hours or even days to complete.
"Intacct is a repository of valuable financial data, and the new financial
drill-down feature leverages that value by letting users quickly and easily
retrieve gems of financial information," said David Thomas, CEO of Intacct
Corporation. "Summary financial reports -- which were sometimes a closed
window that hid important details about trouble spots or opportunities -- now
offer CPAs and executives a clear view into their organizations."
Drill-down feature enhances reports
The financial drill-down feature also benefits customers who use Intacct's
report wizard to generate standard and tailored reports. Now when customers
produce financial reports the drill-down feature is automatically
Standard and custom reports can also now be easily printed, allowing
customers to store or forward important documents as hardcopies. By taking
advantage of the Portable Document Format (PDF), Intacct allows all reports
generated by the report wizard to be printed exactly as they appear on the
Automatic free upgrades
The financial drill-down feature is the latest in a series of free
upgrades. A steady stream of service upgrades is a key advantage of Intacct's
web-based offering. While buyers of shrink-wrapped software wait for
scheduled releases, Intacct customers enjoy constantly improved service
because upgrades are automatically available as soon as they are ready. In
addition, every upgrade is fully integrated into the Intacct service.
About Intacct Corporation www.intacct.com
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 Hummer Winblad Venture Partners, Goldman Sachs & Co.,
JK&B Capital, Deloitte & Touche LLP, Matsushita Electric Industrial Co. Ltd.,
and Caltos Capital LLC.
NOTE: All rights reserved. All other trademarks belong to their
SOURCE Intacct Corporation