nGenera Graduates From QuickBooks to Intacct Plus to Manage Growing International Operations

SAN JOSE, CA, Aug 27 (MARKET WIRE) --
Intacct, a leader in on-demand financial management and accounting
applications, today announced that nGenera is using Intacct Plus(TM) to
manage its growing global business. The Intacct financial management
system enables nGenera to accommodate rapid growth without adding
resources to its finance team and to gain a single, consolidated view of
its business to improve financial decision making.

nGenera, based in Austin, Texas, helps companies leverage collaboration
capabilities, Web 2.0 technologies and on-demand software to improve their
business. With heavy demand for its products and services since its
founding in late 2006, the company grew quickly -- both organically and
through acquisitions. In fact, nGenera acquired six companies in just
eighteen months. The company originally used QuickBooks(R) to track
accounts payable and accounts receivable; however, as their business grew
rapidly and they began acquiring companies and operating internationally,
it became clear to nGenera that they needed to graduate from QuickBooks to
a financial management system designed for global business management.

"With the tremendous growth and fast-changing circumstances we were
facing, we had heavy demands for a new finance application," said Jim
Tipton, managing director of finance at nGenera. "We explored our options
in great detail, and ultimately decided on Intacct. Intacct offered us
the best of breed approach we wanted, and we were confident that they
would work well with our existing salesforce.com CRM applications."

"While QuickBooks is a great product for small businesses, growing
companies like nGenera all eventually need to graduate to a more advanced
system," said Daniel Druker, senior vice president of marketing and
business development at Intacct. "Mid-sized companies that require robust
global business management capabilities have historically found themselves
stuck in the chasm between QuickBooks and high-cost, complex, on-premises
financial management software from companies like Oracle and SAP.
Intacct's Software as a Service financial applications offer a compelling
solution that is better, faster, cheaper, and can scale with them from
'Life after QuickBooks' to going public and beyond."

Intacct Plus provides nGenera with a complete on-demand financial
management system for global business management. The company manages its
finances in the U.S., Canada and the United Kingdom from a single, central
location. Rich financial consolidation and multi-company management
capabilities ensure nGenera can roll up its international subsidiaries
with its U.S. operations, and view consolidated financial statements
securely and in real time. The Intacct system also allows nGenera to
manage finances in local currencies and then automatically takes into
account fluctuating currency rates as it consolidates finances up to the
corporate level.

"With Intacct, even as a mid-sized company, we're able to cost effectively
take advantage of all the financial controls that only large organizations
have in the past had access to. The efficiencies we've gained with Intacct
Plus help us accommodate organic growth without adding resources to the
finance team," commented Tipton. "Even better, we've now got a single view
into our business, across departments and geographic regions -- enabling
us to more effectively manage our finances to support our long-term
strategic objectives."

Intacct Becomes the Hub of nGenera's Application Ecosystem

With Intacct MAX(TM) for Salesforce, nGenera has connected its
salesforce.com CRM applications with Intacct financials. Now, customer and
financial information is automatically and continuously synchronized
between Salesforce and Intacct. This halts duplicate data entry,
significantly shortens the company's lead-to-cash process, eliminates the
need for order management staffing and gives both sales and finance the
information they need to make better business decisions.

The company also uses Intacct for professional services automation to
track time and billing, as well as enter client expenses. This solution
provides detailed business information for project estimates, and allows
the company to track projects, control costs and manage project resources
from start to finish. The system has enabled nGenera to create custom
employee expense hierarchies and establish approval processes. Now all
users have a single point of log in to track their time and create and
manage expense reports.

Through Intacct and its partners, nGenera is leveraging best of breed
front- and back-office applications as a single integrated on-demand
solution. With Intacct as the hub of their on-demand application
ecosystem, nGenera has a constant pulse on income and expenses, and
information is more easily shared across the organization.

"It's incredible to have all of our critical business applications
seamlessly integrated and on-demand," said Tipton. "Intact provides us
faster access to information, such as revenue projections, cash flow and
accounts payable and receivable, simply because all of our business
entities are on one system. Information that used to take days to find is
now accessible within minutes."

About nGenera

nGenera Corporation is an on-demand platform for business innovation that
provides a suite of subscription-based offerings to enable the Next
Generation Enterprise. Powered by software and people, nGenera's on-demand
offerings give organizations sustainable, breakthrough capabilities in
leadership performance, talent management and development, and customer
experience. Customers that subscribe to the company's on-demand solutions
include a marquee list of Global 2000 companies in a range of industries.
Learn more at www.ngenera.com.

About Intacct

Intacct is a market and technology leader in on-demand financial
management and accounting applications. The company's award-winning
solutions are used by thousands of businesses, from startups to public
companies, and are designed to improve company performance and make
finance more productive. Intacct automates key business processes from
order entry through cash collection and procurement through vendor
payment. The Intacct system includes accounting, contract management,
revenue recognition, inventory, purchasing, vendor management, financial
consolidation and financial reporting applications, all delivered over
the Web via Software as a Service. Intacct is the only on-demand
financial management solution seamlessly integrated with salesforce.com.
As a company grows, Intacct's deep and mature applications, SAS 70 Type
II certification, and documented processes support Sarbanes-Oxley
compliance for public enterprises.

Intacct is headquartered in San Jose, California, with operations in
Bangalore, India. For more information, please visit www.intacct.com or
call 877-437-7765.

Intacct, Intacct Plus, Intacct MAX and the Intacct logo are trademarks or
registered trademarks of Intacct Corporation. QuickBooks is a registered
trademark of Intuit. All other company and product names mentioned herein
may be trademarks of their respective owners.

Press Contact:
Peter Olson
Intacct
408-878-0951
polson@intacct.com

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