Intacct Announces Strategic Alliances with Leading Internet Business Service Providers

Business Editors 
LOS GATOS, Calif.--(BUSINESS WIRE)--June 26, 2000
Collaboration With Leading ASPs Enables Users to Access Business Services from Within the Context of Intacct's Accounting Offering Intacct Corporation, the first company to provide professional-strength, web-based accounting and related business services, today announced several strategic alliances that will integrate key services into Intacct's core accounting offering.

The alliances will enable Intacct subscribers to take advantage of the benefits of the Web for such tasks as online auditing, contract management, time and expense tracking, invoicing, and property management. In the weeks ahead, Intacct will announce additional alliances that will provide online bill presentment, bill payment, insurance processing, and payroll processing services.

 Unlike traditional business portals, Intacct makes partner services accessible within the context of the user's accounting system, rather than simply providing a catalog of links. Because virtually all of a company's relationships with customers, vendors, and employees are reflected in corresponding areas of the accounting function, Intacct seeks to add value to partner services by making them available from within those specific areas. "With Intacct, a clerk viewing a past-due invoice should be able to decide whether to order a credit check, send an e-mail reminder, or access the customer's contract, just by clicking a mouse," said David C. Thomas, CEO of Intacct.

"Through close collaboration with our partner service providers, Intacct is able to provide accounting services designed for the way that people work." Internet Alliances Because Intacct is entirely web-based, integration with other web-based services is facilitated through Extensible Markup Language (XML), the standard for web-based sharing of business data. Deeper levels of integration are possible through co-development ventures, such as Intacct's agreement with Deloitte & Touche to co-develop the industry's first web-based auditing tool. (See separate release, Deloitte & Touche and Intacct to Pioneer First Web-based Auditing Service, June 26.) Among the alliances formed by Intacct are: diCarta (www.dicarta.com) diCarta offers the first business-to-business contract management solution that streamlines the entire contract lifecycle. diCarta Contracts, a web-based solution, enables companies to collaborate with customers on contract terms and conditions, and to increase visibility into revenue management, future obligations and renewals. This allows companies to accelerate contract processes while minimizing legal and financial risk. Using diCarta's "Zero-Impact Activation" methodology, customers realize system benefits rapidly with minimal organizational impact. OpenAir.com (www.openair.com) OpenAir.com, founded in 1999 as Timebills.com, is a trusted web-based platform of seamlessly integrated services that efficiently and economically streamlines business processes.

Headquartered in Boston, OpenAir.com expedites the circulation of company information through a network of linked administrative services. These services allow professionals to analyze employee time, report and approve travel expenses online, track and bill time, create and deliver invoices, and outsource payroll and expense reimbursement. OpenAir.com currently helps more than 26,000 professionals to remove the frustration associated with common business tasks to drive revenue more efficiently. Property Boss Software (www.propertyboss.com) Property Boss property management software is a product of Old Forest Software, Inc., a leading innovator in the delivery of web-based property management software.

Located in Greenville, South Carolina, the principals of Old Forest Software, Inc. have more than 18 years' development experience in large-scale commercial application and enterprise solutions. About Intacct Corporation Intacct Corporation is the first company to provide professional-strength, web-based accounting and related business services. Intacct is designed for companies that need more than an entry-level PC-based accounting package but want an alternative to complex, IT-intensive client/server solutions. Offered on a monthly subscription basis, the Intacct service can be accessed via any current browser, and can be previewed on the Web at www.intacct.com. Founded in June 1999 by accounting software pioneer David Thomas, developer of one of the first PC-based accounting systems, Intacct is funded by the venture capital firm Hummer Winblad. Note to Editors: All other trademarks belong to their respective owners.