SOX News

Sant Corporation Selects Intacct for Accounting and Financial Management

(Jan 28, 2008)-- Intacct, pioneer in on-demand accounting and financial management solutions, announced that The Sant Corporation has selected Intacct Enterprise as its new financial management system. Intacct will provide Sant with a complete suite of accounting, contract management, revenue recognition, vendor management, financial reporting and business intelligence applications -- all delivered via Software as a Service (SaaS). Sant chose Intacct to help gain easier access to data, improve financial reporting, and reduce the time to process orders through better workflow.

Sant, a world leader in proposal and sales document automation software based in Cincinnati, anticipates that its financial transaction volumes will double in the next year and thus required a back-office solution that could scale to handle this level of growth. Sant wanted to upgrade to financial applications that are web-based, integrated with its salesforce.com CRM applications, and can handle software industry specific requirements, such as automating deferred billings and contract renewals, and SOP 97-2 compliant revenue recognition. After considering several solutions, including financial applications from other SaaS vendors, Sant found that Intacct's financial management suite best met its needs today and throughout its plans for rapid growth.

Working together with Intacct Professional Services, Sant will deploy Intacct Enterprise, including applications for software contract management and revenue recognition. Sant will also leverage Intacct's tight integration with salesforce.com, which extends Salesforce and empowers sales representatives to create sales quotes, convert existing quotes to orders, verify pricing, and track order status in real time, all from within their familiar salesforce.com CRM applications.

"Our former financial management solution required a significant number of workarounds and time-consuming custom programming to handle our financial processes," said Mark Clower, vice president of finance and administration for Sant. "With Intacct, we have found a scalable, on-demand solution that can deliver significant workflow and process improvement, while providing real-time access to financial data and improved financial reporting. We were particularly impressed with Intacct's ability to integrate with Salesforce, as this will enable us to synchronize our front and back-office management solutions and streamline our lead-to-cash processes."

Sant, which has operations in North America, the United Kingdom, Australia, and South Africa, will also leverage the robust multi-entity and multi-currency functionality of Intacct Enterprise. These capabilities are ideal for companies like Sant with multiple subsidiaries, franchises, or international operations, as each business unit can operate with discrete account structures, processes, currencies, and taxes, and then be consolidated at the corporate level. Intacct can also easily manage multiple currencies on a regional or global level, saving significant time and effort for finance executives.

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