SAN JOSE, Calif., July 22, 2015 /PRNewswire/ -- Intacct, a leading provider of best-in-class cloud ERP software, and AcctTwo, a leading consulting firm and Intacct's 2014 Partner of the Year, today announced that Professional Testing Inc switched from NetSuite to Intacct in order to benefit from multi-entity reporting capabilities, improved flexibility, greater ease-of-use, and a lower total cost of ownership. Working with AcctTwo to migrate key businesses processes to Intacct and integrate the ERP system with other best-in-class applications, the growing services company will reduce consulting expenses and increase the productivity of its finance team, while gaining deeper visibility into their business.
Professional Testing Inc provides assessment and evaluation services to businesses and associations around the world, operating as three unique consolidated entities with separate reporting needs. "After using NetSuite for more than a decade, we grew tired of hidden costs from the ongoing customizations it required in order to meet our unique needs, and we finally decided to look elsewhere for an ERP system that was more adaptable," said Maria Gonzalez, CFO at Professional Testing Inc. "By switching to Intacct, we'll save at least $50,000 in consulting fees per year, and can more easily integrate other best-in-class products with Intacct to complement the financial system's functionality, instead of trying to customize a single-vendor suite to do things it wasn't built for."
AcctTwo is helping the company to extend Intacct by seamlessly integrating specialized applications such as Nexonia for time and expenses, AmeriFlex for workforce management, and 2C Processor for merchant accounts and portals. Now, data from these systems will automatically flow into Intacct to enable Professional Testing Inc to eliminate manual data re-entry and allow them to gain a full picture of company performance.
Intacct's intuitive reporting and dashboard capabilities will also make it easy to generate cash flow projections and comparison reports right in the financial system, eliminating massive excel worksheets and other manual work-arounds the finance team was forced to build for project accounting and budget-to-actuals in NetSuite. These capabilities will save them a full day of report preparation each month, streamline the annual budgeting process dramatically, and provide faster, more granular visibility into key business drivers. In addition, Professional Testing Inc expects Intacct to save at least another few days of time spent on revenue recognition processes, as well as merchant transaction and credit card reconciliations.
"Intacct will help our team to work much more efficiently so we can manage the company's financials long into the future, without any additional headcount," said Gonzalez. "This application fits our organization's needs perfectly, and we're thrilled that we no longer have to deal with the additional learning curve or IT and consulting requirements of a rigid suite like NetSuite. As a result, my staff will be more involved with managing the solution, and I can focus on optimizing our operations and resources."
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AcctTwo is a leading consulting firm and reseller of cloud-based accounting and financial management software. AcctTwo's sophisticated systems solve the issues growing middle market companies face today. AcctTwo also outsources back office processes, allowing clients to focus on the core competencies of their business. AcctTwo provides the people, processes, technology, and office facilities to perform these functions, while allowing clients to collaborate interactively through an on-line portal. AcctTwo is headquartered in Houston, Texas. For more information, please visit www.accttwo.com or call 713-744-8400.
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 9,000 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, 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.