Intacct Web-based Accounting Service Provides Powerful Financial Drill-down Feature

A Drill-down Tool, With Features Found Only in Complex and Expensive

Accounting Systems, Gives Intacct Users Financial Details in Seconds

Apr 10, 2001, 01:00 ET from Intacct Corporation

    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
     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
 respective owners.

SOURCE Intacct Corporation