SAN JOSE, Calif., July 28, 2016 /PRNewswire/ -- As the customer satisfaction leader in cloud ERP software, Intacct continues to deliver impressive growth and record results for the company. Powered by a strong performance in the company's fourth quarter, which ended June 30, Intacct today announced that new bookings during the company's 2016 fiscal year increased more than 40% over the previous year. In a separate release, the company also announced today it is expanding its headquarters to accommodate continued employee growth.
Intacct's growth is being fueled by the availability of innovative new products, high levels of customer satisfaction, and by strong execution across all of the company's various sales channels—including the direct sales team, as well as the value-added reseller (VAR) and Intacct Accountants Program (IAP) partner channels. Intacct continues to attract new customers, and the company's focus on high-growth organizations is stimulating strong growth in add-on purchases by existing customers. As existing customers grow, Intacct can easily scale ahead of them as they add new users and additional modules.
During the past year, Intacct introduced several innovative new products that helped drive new bookings, including Intacct Contract and Revenue Management and the Intacct Digital Board Book for Fundraising. The recent launch of Intacct Contract and Revenue Management marks the industry's first automated solution to help companies navigate the complexities created by the upcoming ASC 606 and IFRS 15 revenue recognition guidelines. Meanwhile, the Intacct Digital Board Book for Fundraising, launched last November, is the first and only mid-market cloud financial management solution to automate the calculation of operational fundraising insights for nonprofit organizations, using real-time transactional data from systems of record including Salesforce and Intacct.
"Intacct is focused on elevating the experience our customers have with their ERP software. This is driving unmatched levels of customer satisfaction and, in turn, is also driving record results for Intacct," said Robert Reid, CEO of Intacct. "Unlike traditional, on-premises mid-market ERP systems that stagnated years ago, Intacct continues to roll out innovative functionality that helps our customers accelerate the growth of their business, improve the productivity of their finance teams, and facilitates data-driven decisions to optimize a company's opportunity. We enter our new fiscal year with a ton of momentum and we look forward to doing even more for our customers in the new fiscal year to increase their success."