SAN JOSE, Calif. – June 24, 2010 – Intacct, the leader in cloud financial management and accounting applications, today announced that Adnetik has selected Intacct as its financial system. Adnetik, a global service provider that enables the real-time purchase of digital media, selected Intacct for its easy to use interface, extensive reporting capabilities and unmatched financial consolidations functionality.
In searching for a professional financial management and accounting system, Adnetik wanted a solution that could handle a high volume of transactions and would also work for a globally distributed organization. In addition, they desired a solution that required minimal IT infrastructure, maintenance and support.
“When we reviewed the top solutions on the market, we narrowed our choices down to Intacct, NetSuite, Microsoft and Sage,” said David Powell, Global Controller at Adnetik. “While conducting our search we realized that a cloud-based system was the way to go – eliminating the hassle of ongoing application management and upgrades required by on-premises solutions. Ultimately, Intacct offered us the best combination of a clean user interface, robust financial management capabilities and an affordable price.”
Adnetik has offices throughout the world, including the United States, United Kingdom, Mexico, and the Netherlands. Intacct Global Consolidations provides all the functionality a company like Adnetik needs to manage these complex, global operations. Intacct allows each global business entity to utilize its own chart of accounts, taxation rules and financial reporting and then, in real time, the organization can consolidate all the financials of the global entities together. When Adnetik is ready to consolidate the information, it will automatically be translated into the company’s main base currency – automating any foreign exchange gains or losses – as well as automating any inter-entity eliminations. This enables Adnetik to more easily stay on top of its global finances and drastically reduces the time it takes to close the books.
Financial reporting was another area Adnetik felt that Intacct excelled compared with the competition. Intacct offers a powerful set of reporting and analytics tools that will provide Adnetik with real-time, accurate and consistent visibility into financial and operational data. Intacct offers pre-built reports along with tools to allow for the creation of custom reports to meet the exact needs of the organization. In addition, users can easily access any Intacct report, chart or application module through customized dashboards, including real time details on customers, vendors, items, invoices and bills.
“We were really impressed with the financial consolidation and reporting functionality of Intacct, as they will ensure we have complete real-time visibility into our global finances at all times,” added David Powell. “Having a solution like Intacct will also help us to implement proper financial processes right from the start. We are growing rapidly and plan to continue expanding our operations globally, so it is reassuring to know we have a financial system that is flexible enough to grow along with us.”
For more information on Intacct applications for professional services businesses, please visit http://us.intacct.com/solutions/professional_services.php.
Adnetik was established in December 2009 and has offices throughout the world, including the United States, United Kingdom, Mexico and the Netherlands. The company aims to maximize the performance of an advertiser’s online display investment by trading media and data assets between portfolios of advertisers and publishers. The company leverages data from multiple sources and applies optimization algorithms and data driven buying decisions across various sources of purchased media in order to efficiently distribute each ad impression on behalf of advertisers. For more information, please visit our website at www.adnetik.com or email [email protected]
Intacct is the market and technology leader in web-based financial management and accounting applications for businesses and CPA firms. Bringing cloud computing to finance and accounting, Intacct’s award-winning applications are the preferred financial applications for AICPA business solutions. Intacct applications are used by thousands of businesses from startups to public companies and are designed to improve company performance and make finance more productive. The Intacct system includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, financial consolidation 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.