SAN JOSE, Calif., Nov. 4, 2013 /PRNewswire/ -- Intacct, a leader in cloud financial management and accounting software, today announced strong results for its first fiscal quarter of 2014, ended September 30. Overall bookings for the company grew 150% over the same quarter a year ago.
Intacct and its business partners delivered growth across all sales channels, with Intacct's value-added resellers showing particularly impressive results. Microsoft and Sage partners, growing weary of the lack of innovation and VAR business development offered by these legacy vendors, continue to flock to Intacct to expand their portfolio. In recent months, Intacct has added several top Microsoft and Sage partners to its program – including Accounting Today Top 100 resellers.
Intacct also continues to add new customers at a rapid pace – with more than 7,300 companies using Intacct to improve their financial processes and accelerate growth. As existing customers thrive in the improving economy, they are expanding their use of Intacct by adding new users and additional modules in record numbers.
"Intacct remains the fastest-growing accounting and financial management software company in the mid-market," said Robert Reid, president and CEO of Intacct. "Our outstanding growth is a direct reflection of the results we deliver for both our customers and partners. As more and more companies replace their outdated on-premises financial systems with modern cloud-based systems, Intacct is well positioned to continue this rapid pace of growth well into the future."
Intacct is the cloud financial management company. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. Intacct applications, in use by more than 7,300 organizations from startups to public companies, are designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers offer Intacct to their clients. The Intacct system includes accounting, contract management, revenue recognition, project accounting, fund accounting, inventory management, purchasing, vendor management, financial consolidation 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.