LAS VEGAS, Nov. 11, 2015 /PRNewswire/ -- Intacct Advantage 2015 – Intacct, a leading provider of best-in-class cloud ERP software, today announced a new partnership with ADP® to empower midsized companies to streamline their back-office processes. As part of the new relationship, the two companies will integrate Intacct's cloud ERP software with ADP Workforce Now®, a comprehensive HCM suite built to reduce administrative chores and help keep companies compliant.
The integration between Intacct and ADP will help midsized companies reduce errors and eliminate rework. Companies will be able to easily sync employee data and post payroll entries from ADP to their General Ledger within Intacct. Instead of typing payroll data twice, information can be securely uploaded into Intacct with a few mouse clicks—dramatically reducing the chance for errors and saving significant time and effort.
System One, a leading provider of specialized workforce solutions and integrated services, has already benefitted from an integration of Intacct and ADP for more than a year. As a staffing company, it has to process payroll for approximately 6,500 employees each week and issue over 15,000 W-2 forms at the end of the year.
"We used to have to hand key all of our new-hire paperwork and payroll details into two systems, which was time consuming and introduced the potential for errors," said Tim Kelly, VP of Finance for System One. "By integrating Intacct and ADP, we have been able to streamline our back-office processes and avoid hiring additional staff as we've grown. This translates into about $60,000 in savings for us each year."
"Today's tech-savvy finance executives are looking for new ways to leverage technology to boost staff productivity and give their company flexibility for the future," said Scott Lumish, VP of Business Development at Intacct. "As a company grows, any areas of the business that lack automation become potential breaking points and can trigger a vicious cycle of inaccurate data, longer close processes, and slower decision-making. By integrating Intacct and ADP, we're helping our joint customers eliminate inefficiencies and drive increased automation into their back-office processes to facilitate growth."
"When HR leaders spend hours a week rekeying data between multiple back office systems, employee engagement can take a back seat. This, in turn, can have a negative effect on both company culture and business growth," said Amit Jain, Division VP, Strategy & Business Development for ADP's Major Account Services business. "By streamlining all of their HCM applications with targeted integration, we're allowing companies to spend less time on administrative tasks and more time with the people who will help their business grow and thrive."
Powerful technology plus a human touch. Companies of all types and sizes around the world rely on ADP's cloud software and expert insights to help unlock the potential of their people. HR. Talent. Benefits. Payroll. Compliance. Working together to build a better workforce. For more information, visit ADP.com.
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, revenue recognition, subscription billing, project accounting, fund accounting, inventory management, and financial reporting applications.
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