EL SEGUNDO, Calif., Jan. 16, 2015 /PRNewswire/ -- IQ BackOffice, a leading global accounting and human resources outsourcer, today announced a new partnership with Intacct, a leading provider of cloud financial management and accounting software. As part of the partnership, IQ BackOffice joins the Intacct Accountants Program, a joint venture between Intacct and CPA.com (an AICPA company), a network of top accounting and finance and accounting business process outsourcing firms offering accounting services using a specialized version of Intacct's cloud financial applications optimized for use with multiple clients.
In addition to enjoying the benefits of becoming an Intacct Accountants Program member, IQ BackOffice will integrate Archimedes, its enterprise process management software, with Intacct to be offered on the Intacct Marketplace. The integration of both platforms will seamlessly join Intacct's cloud financial management and accounting applications with IQ BackOffice's cloud process management technology, which helps IQ BackOffice clients oversee and manage their accounts payable, accounts receivable, payroll and full service accounting processes.
"Selecting Intacct as a trusted partner was a natural decision that will enhance the way we deliver our best-practice processes, services, and cost savings to our clients," said David Schnitt, President & CEO of IQ BackOffice. "We're thrilled to embark on this partnership to see its effects on our business, as well as to bolster the efficient back office processes we custom design with our clients."
Intacct is the only cloud accounting software company to be appointed a preferred provider of financial applications by the AICPA. IQ BackOffice will use Intacct's capabilities to deliver both financial and operational information and reports, including cloud-based drill-down financial statements, in real-time to clients.
"There is a natural synergy between IQ BackOffice and Intacct, as our systems complement each other and provide a powerful solution for joint customers," said Kevin Cumley, Director of Accountant's Program at Intacct. "Both companies are focused on helping customers increase efficiency and drive increased growth, and we look forward to working with IQ BackOffice to help joint customers better manage their business."
"We are extremely excited with the addition of IQ BackOffice to our Intacct Accountants Program! IQ BackOffice brings a scope and depth of knowledge that will elevate the experience for their many clients and prospective clients." said Matthew Robinson, National Sales Manager at CPA.com.
Intacct accounting software also integrates seamlessly with other third party applications such as CRM and payroll, allowing IQ BackOffice to customize the solution to each client's industry and unique requirements, whether that be restaurants and hospitality, manufacturing, real estate and many others. The resulting partnership will enhance IQ BackOffice clients' visibility over their financial processes while delivering 99.97% accuracy and up to 68% savings to their clients.
About IQ BackOffice
IQ BackOffice is a global leader in business process outsourcing, delivering customized solutions for its clients and boasting 99.97% quality and up to 68% cost savings. By reengineering existing processes such as accounts payable, accounts receivable, payroll and human resources, IQ BackOffice reduces costs, enables better decision-making and creates stronger financial controls. Clients range from mid-sized to multi-billion dollar private and public companies, across industries such as restaurant and hospitality, real estate and property management, manufacturing and distribution, telecommunications, utilities, energy, financial services, professional services and others. IQ BackOffice is majority-owned by LiveIt Investments Limited, the holding company for Ayala Corporation's investments in the business process outsourcing sector. Ayala was established in 1834 and is one of the leading conglomerates in the Philippines. For more information about IQ BackOffice's wide range of services, please visit http://www.iqbackoffice.com/.
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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 accounting 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 is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765.
CPA.com is a subsidiary of the American Institute of CPAs, the world's largest member organization representing the accounting profession. It powers key market-facing websites such as the AICPA Store, AICPA.org and IFRS.com. The AICPA Store annually ranks among Internet Retailer's top 500 commercial websites. The company's core offering of web-based technology solutions targets the practice management, client services and developmental needs of financial professionals in an increasingly complex world. In addition to its CPA.com branded offerings, the company forms strategic alliances with leading solutions providers focused on the accounting profession and serves as a value-added distributor of these solutions to CPA firms nationwide. CPA.com (formerly known as CPA2Biz) was founded in 2001 by the AICPA under the oversight of its governing council. The company changed its name to CPA.com in May 2014. CPA.com is headquartered in New York, NY, and has offices in Silicon Valley, CA, Dexter, MI and Durham, NC. For more information, please visit www.cpa.com or call 855-855-5CPA.
SOURCE IQ BackOffice