Intacct flashes gaudy growth numbers

Intacct flashes gaudy growth numbers

Published: 1/30/2013 7:42:18 PM

Spirits were high around the Intacct campus leading up to the holiday season as the cloud accounting software pioneer reflected on a string of recent successes. But while the pride associated with a job well done is reward enough for some, it's always nice when your accomplishments catch the attention of industry observers as well. This week, Intacct presented its 2012 earnings report and revealed record progress in several key areas in the process.

Last year, the cloud accounting solutions provider was able to increase new customer bookings by more than 47 percent over 2011. Intacct also set a quarterly growth record in the final three months of 2012 attracting the attention of hundreds of firms looking to graduate beyond reporting processes driven primarily by Excel and QuickBooks.

"There is no doubt that 2012 was the year cloud financial applications went mainstream," said Intacct CEO Robert Reid. "While on-premise financial software growth is essentially flat, cloud vendors continue to grow rapidly."

The Intacct teamwas quick to give credit to its channel partners and brand advocates around the world, and the company seems prepared to pay its progress forward. As the team explores new integration possibilities with HR and CRM software solutions, Intacct could help promote the inclusion of cloud financial software even closer to the core of customer operations.

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