News today that cloud ERP provider Intacct and media contract and rights management provider FilmTrack have put each of their systems together to create an integrated contract and rRights management platform.
FilmTrack’s contract and rights management platform is already used by more than 200 companies globally.
Intacct provides cloud-based financial management and accounting software.
MarVista Entertainment was one of the first to adopt the system, the two companies reported.
In a statement, MarVista Entertainment VP of strategy and business development Tony Vassiliadis, noted that after two years of rapid growth, where they doubled in size, “we needed a scalable system, adapted to the nuances of the entertainment industry, to manage our sales and automate the flow of information between departments. The integrated FilmTrack/Intacct solution enables us to seamlessly track our titles from start to finish–or from development and production, sales and distribution to financial reporting and accounting.”
Intacct today announced to their channel that Alan Bryant – the former SVP, ISV and Developer relations at Sage would join the company as Director of Technical Services.
Continue reading “Former Sage SVP, ISV & Developer Relations Head Alan Bryant Joins Intacct as Director of Technical Services”
Bainbridge Island, WA based sales tax computation, filer and adviser Avalara and San Jose CA based SaaS ERP provider Intacct have been selected as one of the Red Herring Top 100 award winners.
The Red Herring 100 award recognizes startups from Asia, Europe and the Americas. In order tro find 100 winners between 800 and 1400 companies from each region are reviewed in a rigorous 3-step process that looks at all aspects of the company.
Applicants must be:
- A technology/life science company
- Headquartered in the specific region of the corresponding Red Herring 100 award program
- Privately held and not listed on any exchanges anywhere in the world
- Not a previous winner of a Red Herring 100 regional award
Cloud ERP provider Intacct reports that they’re continuing on a path of growth.
According to VP Channels Taylor Macdonald, Intacct is ringing in 300% Q1 FYE 2013 channel revenue growth compared to the same quarter of last year – and he expects full year over year 2013 channel revenue growth to be 200-250%.
Because Intacct is a privately held company there’s no way to verify the detail behind the growth percentages provided – however things like hiring and expansion plans tend to bolster claims of rapid growth.
In addition Taylor Macdonald says the company is ramping their channel efforts up with channel specific hirings including Stephanie Kleber as Manager, Channel & Sales Enablement , Tina Hebert as Channel Executive and Bryan Parks, formerly of Netsuite joining the Channel Marketing area.
With these hires Intacct now has channel management experience from Deltek, Sage, Microsoft and Epicor
Intacct’s current partner count stands at rough 70 with the breakout coming from:
- 30% Microsoft Exclusive
- 20% Sage Exclusive
- 30% CPA firm, Cloud only or other
- 20% Two or more products – typically Microsoft and Sage
For fiscal 2013 (ending June 2013) Macdonald says Intacct expects to have a channel partner program with 100 partners as well as hundreds in their Accountants Program who primarily use the service for assisting customers with outsourcing their finances.
Consulting division of California CPA firm SingerLewak has exited the Intacct channel with the departure of manager Jim Hart who left to join cloud accounting VAR Sererra.
A blog post dated July 19, 2012 indicates that SingerLewak will move from being a VAR to being a fan of Intacct.
The firm became a VAR for Intacct in October 2010 with an October 22, 2010 announcement that the Largest Los Angeles-based Accounting/CPA and Consulting Firm Chooses Intacct as First Cloud Computing-Based Solution.
Now after a little less than two years the firm is throwing in the towel on their Intacct efforts. According to their site they will remain a VAR for Avectra cloud based SocialCRM.
According to this report the breakup was amicable with the most interesting comment:
“We’re still a very big Intacct fan and we will continue to recommend them and have a relationship there, but we discovered that being in the VAR business long term would be more of a commitment of resources and energy than we were willing or able to do,” said Bob Green, a firm partner and head of the ERMS practice. “It takes a number of years to go from zero to VAR and be successful at it, and we found that the time to have a profitable cloud ERP practice was underestimated. Our team knew implementation and sales and really thought we could do it, but ultimately we found it was hard to justify [being an accounting/ERP VAR] over time.”
Faye Business Systems Group (FBSG) a Southern California technology consulting firm announced today that they’ve joined the Intacct Business Partner Program. Intacct is a leading provider of cloud financial management and accounting software
In a press release dated January 23, 2011 , FBSG CEO David Faye indicates that FBSG will be working on further developing an integration between Intacct and SugarCRM as well as other potential custom solutions.
Faye Business Solutions Group, Inc was formed in January 2010 as a spinoff from Southern California IT consulting firm Faye, Pollack & Associates and in addition to Intacct their website indicates support for Sage ERP MAS 90 , 200, and SugarCRM.
Interestingly the first paragraph of the press release talks about Intacct as being “significantly more partner friendly” which seems to take direct aim at the wide ranging changes Sage continues to make to their partner program including increased certifications, reductions to partner support and marketing of Sage support directly to customers.
The Intacct Business partner channel is run by former Sage Channel Chief Taylor Macdonald who has made some strides in recruiting Sage partners – most visible so far being Sage Non-Profit specialists JMT Consulting who is noted as being a $4.9 million var on the Accounting Technology VAR 100 for 2011 and Canada’s $ 5.6 million Equation Technologies who represents Sage Accpac and was ranked # 63 on the 2011 VAR 100.
One of our consulting firms just received this offer from Intuit. The promotion appears aimed at QuickBooks users, specifically software companies, who have outgrown their QuickBooks software.
What’s unusual about this mailing is I’ve yet to see a press release that these two competitors (Intuit and Intacct) are working together.
The promotion also states “we have a new way” which may indicate this is a test or perhaps as yet unannounced partnership.
UPDATE: Intacct PR replies “..I would certainly not characterize intacct and intuit as competitors…”.
Most software companies tightly guard their installed user list and only as a deep last resort would they consider referring an existing customer to a competitor.
Relevant information from the email is below (emphasis is mine):
Continue reading “Intacct and Intuit: It’s Complicated”
The Fall Collaborative of the IT Alliance was held this past week (December 3-6, 2011) in Austin Texas. The closing session “The Cloud – SaaS Best Practices” moderated by Avalara’s Rob Johson and presented by a panel including Taylor Macdonald – VP Channel Sales Intacct, Jaqueline Tiso , President JMT Consulting and Craig West VP Channel Sales at Netsuite.
Record attendance of 260 technology members was announced. Most IT Alliance members provide mid-market ERP or related services. The conference is marketed as a collaborative and is heavy on member to member sharing of experiences.
One of the hottest topics at this year’s event was cloud computing. Each conference day spotlighted sessions on creating, adapting and how to change a VAR practice to market SaaS offerings which typically charge customers a lower initial price which means VARS have had to retool their thinking about how to market and provide SaaS services.
During last year’s ITA Fall 2010 collaborative I noted that most IT Alliance member VARS who had adopted SaaS as a business offering were in the early stages of ramping up and offering services. This meant there was not much live feedback about actual results of converting from an on premises to SaaS VAR.
This year’s conference was different and one session about SaaS business best practices featured a prominent Sage partner – Jackie Tiso of JMT Consulting – who is a 9 year Sage President’s Circle winner and one of their top Non-Profit VARs. Jackie and her firm have been providing a SaaS solution since October 2010. Here are some notable results that Jackie shared during her session.
Bob Scott reported last night on his excellent newsletter service – Bob Scott’s Insights – that CPA firm Baker Tilly has joined Netsuite as a Value Added Reseller. That firm follows CPA firm Clifton Gunderson who joined the Intacct solution provider program this month as well.
It’s fitting that the announcement of Baker Tilly broke on Ground Hog Day 2011 because it seems as if we are suddenly starting to relive the very successful practice that former State of The Art CEO David Samuels introduced in 1985.
Under Samuels’ reign at State of The Art the company essentially signed up all CPA firms who had $500 and wanted to be a reseller. No specific training was required. If you could fog a mirror you were on board.
Continue reading “Ground Hog Day 2011: Will CPAS Be Any More Successful As SaaS VARS?”
Intacct, a market and technology leader in on-demand financial management and accounting applications for businesses and CPA firms, today announced that Taylor Macdonald joins the company as VP of Channels.
Taylor takes over the position from Jerry Jalaba who left Intacct in July 2009 after about a year in the position of VP Channel Sales.
Intacct is a Saas (Software As A Service) provider noted for their Salesforce.com integration capabilities, complete set of financial accounting modules and strong revenue recognition capabilities.
Most consultants first took notice of Intacct in April 2009 when Intacct, the AICPA and CPA2BIZ announced an alliance that resulted in their being named the preferred provider of financial applications. CPA2Biz was also named the preferred distributor of Intacct to the CPA profession. At the time the alliance covered over 350,000 individual CPAs and 45,000 firms governed by the AICPA.
Intacct described the relationship as ” The alliance will help CPA firms and small and mid-sized businesses adopt “cloud computing” to improve their financial performance, take better advantage of financial advice and make better and faster business decisions. Intacct and CPA2Biz will also co-develop a new version of Intacct’s on-demand financial management and accounting applications specifically for CPA firms and their clients that includes unique content from the AICPA“.
Because Intacct is privately held it’s difficult to get an exact measure of their partner channel – or their revenues. Continue reading “Taylor Macdonald Joins SaaS Provider Intacct as VP Channels”