Intacct

Intacct and Clarizen Expand Partnership

SAN JOSE, CA and SAN MATEO, CA--(Marketwire - December 06, 2011) - Intacct, a provider of cloud financial management and accounting software, and Clarizen, a leading provider of cloud-based work execution soft ware, today announced an expanded sales, marketing and development agreement. Intacct is now a master reseller of Clarizen -- enabling both Intacct and its channel partners to resell Clarizen worldwide. In addition, Intacct and Clarizen have delivered seamless integration between their cloud-based applications to optimize the service delivery lifecycle for project and service-based businesses. The firms are also working together to align the roadmaps for both companies' respective product lines.

Intacct today announced the introduction of Intacct Services Resource Planning -- a complete, cloud-based ERP system for project and service-based businesses. Leveraging Intacct's expanded partnership Clarizen, Intacct Services Resource Planning is an integrated, best in class combination of Salesforce.com for customer relationship management, Intacct for financial management and project accounting, and Clarizen for project management and planning. Intacct has also delivered new, three-way synchronization between these applications plus extensive workflow and automation for the key tasks that drive productivity for project and service-based organizations.

The combination of Salesforce, Clarizen and Intacct provides complete, end-to-end support for the project sales to delivery to cash lifecycle within Intacct Services Resource Planning. The user-centric, business process-focused integration helps sales, service and finance teams stay connected and coordinated for improved cross-functional visibility and alignment, and better business outcomes.

With the enhanced integration, financial details from services projects, including project-related billable and non-billable time and reimbursable and non-reimbursable expenses, are seamlessly synchronized between Intacct, Clarizen and Salesforce for improved invoicing, reporting and financial management. Synchronizing project and financial data also allows for increased process automation. For example, project completion milestones in Clarizen can automatically trigger the creation of customer invoices within Intacct.

"Clarizen partnered with Intacct to enable project and service-based businesses to take advantage of our world-class project management capabilities coupled with Intacct's best in class financial applications," said Guy Shani, COO and GM of the U.S. for Clarizen. "Our new master reseller agreement with Intacct allows Clarizen to immediately gain a large and experienced cloud distribution channel, which is great for our business and will provide a broad range of new prospective clients access to our award-winning applications."

"Project and service-based business make up a large and growing share of the global economy, and with so many remote and mobile employees they are a natural fit for cloud computing," said Daniel Druker, senior vice president of Marketing and Business Development at Intacct. "We're excited to have expanded our partnership with Clarizen, which enables Intacct and our growing army of channel partners to deliver a complete, best in class, cloud-based Services Resource Planning system that will help innovative project and service-based organizations to transform their operations, visibility and operating results."

Clarizen delivers work execution software that powers the modern real-time enterprise by making employees and companies work better, smarter and faster. Employees can more efficiently manage and complete the highest-value tasks on time and in budget. Companies have direct visibility into work being accomplished and can course correct and/or plan resources accordingly to maximize results and profits. Clarizen's philosophy of 'robust simplicity' translates into products that model and enhance the way an enterprise works, while its 'user-first' design results in rapid adoption and acceptance across the enterprise. Founded in 2005, Clarizen is privately held with offices in Hod Hasharon, Israel, and San Mateo, Calif. http://www.clarizen.com.

Intacct is the cloud financial management company. 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 organizations from startups to public companies and are designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers offer Intacct to their clients. The Intacct system includes accounting, contract management, revenue management, pro ject and fund accounting, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via cloud computing.

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