SAN JOSE, Calif., May 5, 2016 /PRNewswire/ -- Intacct, a leading provider of best-in-class cloud ERP software, today announced it continues to see strong demand for its cloud financial applications. During the company's third fiscal quarter, ended March 31, Intacct delivered a 34% year over year increase in new bookings. The company saw strong performance across all sales channels.
Fueling the company's strong growth is an increasing number of organizations migrating to the cloud by upgrading from the myriad of Microsoft Dynamics and Sage ERP software flavors to Intacct's cloud-based ERP software. These companies were being held back by outdated, on-premises systems that don't offer the flexibility required for today's dynamic business environment. The move to Intacct delivers greater efficiency, visibility, scalability, and accelerated growth by managing their business in the cloud.
"This was another great quarter for our business," said Robert Reid, CEO of Intacct. "While many tech companies saw their growth slow significantly last quarter, including some in our market sector, Intacct continues to execute extremely well in spite of the macroeconomic conditions. Now more than ever, companies need business systems like Intacct that offer the functional depth to automate complex processes, while also delivering the critical insights needed to transform and grow their business."
Intacct continues to see strong adoption from fast-growing companies across a range of vertical markets, including Software/SaaS, Services, Healthcare, Hospitality, Finance & Insurance, and Nonprofit organizations.
Intacct's partner program also continues to grow, with the addition of several new partners during the quarter. Moreover, existing partners continue to flourish—with deal sizes growing and a larger number of partners closing deals during each quarter. Intacct's channel momentum has not gone unnoticed. CRN recently named Intacct's SVP of Channel Sales to its list of Top Channel Chiefs, and awarded the Intacct Partner Program a 5-Star rating.
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 11,000 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.
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