SAN JOSE, Calif., April 22, 2015 /PRNewswire/ -- Intacct, a leading provider of best-in-class cloud ERP software, today announced another quarter of impressive growth. New customer bookings for the company's third fiscal quarter increased 40% over the same period in the prior year. The quarter was marked by growth across both the company's direct and in-direct distribution channels.
Intacct continues to see increased demand coming from companies replacing Microsoft Dynamics and a variety of products from Sage. These companies are looking for a modern ERP system that offers not only a cost advantage, but also agility and growth advantages in harnessing powerful cloud applications to run their business. Companies running their finances on Intacct are able to grow faster and scale farther – to an Initial Public Offering (IPO) and beyond.
To that end, Intacct closed deals in the quarter with a variety of fast-growing companies across key verticals, including Software/SaaS, Services, and Nonprofit organizations. Intacct also added new public companies to its customer roster, including such high-fliers as K12 and TigerLogic.
"We continue to execute at a high level across all facets of the business, resulting in another quarter of strong growth," said Robert Reid, CEO of Intacct. "Intacct's combination of innovative product functionality and a laser focus on customer satisfaction continues to fuel interest from companies looking to accelerate their growth by adopting modern cloud financial applications."
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. Intacct ERP software, in use by more than 8,500 organizations from startups to public companies, 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, 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.