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SAN JOSE, Calif. – Aug. 30, 2010 – Intacct, the leader in cloud financial management and accounting applications, today announced Matrix Absence Management has improved business operation by moving its financial management applications to the cloud with Intacct. Using Intacct, Matrix Absence Management, a subsidiary of Delphi Financial Group (NYSE: DFG), has enhanced financial processes like revenue management and invoicing, shortened its monthly financial close process, and improved reporting and analysis for better financial visibility. Matrix selected Intacct over NetSuite.

In a new client case study, Intacct highlights the results Matrix is enjoying from its switch to Intacct cloud financial applications. The full case study is available for download at http://us.intacct.com/pr/matrix. Here is a quick overview of the profile:

Previous Business Challenges Faced by Matrix Absence Management:

  • Growing company needed a flexible financial management solution that supported automating financial processes
    Wanted a user-friendly solution that could eliminate the need for duplicate data entry
    Looking to implement a cloud-based solution to minimize demands on small IT team

Results with Intacct:

  • Streamlined revenue management and other financial processes; reduced monthly close by one full day each month
  • Streamlined billing processes to eliminate duplicate data entry, reduce risk of human error and speed monthly invoicing by 20 percent
  • Cloud-based financial management solution doesn’t require deploying and maintaining software; needs no IT staff support

Highlighted Comments from Mike Fredericksen, CFO of Matrix Absence Management:

“We put Intacct and NetSuite head to head, and after an extensive evaluation found that Intacct would offer a better return on investment as it was more flexible, had more features and offered a lower total cost of ownership.”

“We’ve seen process and efficiency gains in more areas than we anticipated. Intacct has been a great asset, and we’re continuing to find ways to leverage the solution to improve our business.”

“Intacct’s cloud financial solution offers us all the features and functionality we need today and the option to add additional capabilities as we grow. It’s the perfect combination of high value and low total cost of ownership.”

For additional information on Intacct solutions for business services companies, please visit http://us.intacct.com/solutions/business_administrative_services.php.

About Intacct

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.

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