Software combines document management, accounting functions.
September 25, 2008 -
Intacct offers on-demand financial management and accounting applications as well as full integration with Accounts Payable Automation Solution. Latter replaces printed documents with electronic processes, complete with audit trails and version control, while promoting collaboration between finance and accounting departments. It includes automated extraction/population of index data, automated invoice/purchase order matching, and automated exception handling/escalation.
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|Original Press release |
350 North Orleans Street
Chicago, IL, 60654
SpringCM Announces Accounts Payable Automation for Intacct
World's First Combined Solution for On-Demand Financial Applications and Document Management
SAN JOSE, Calif., Sept. 16 -- (Intacct Advantage User Conference) -- SpringCM(TM) Inc., the leader in on-demand document management and workflow, announced at the Intacct Advantage User Conference today the availability of its Accounts Payable Automation Solution for Intacct financial management system users. The SpringCM Accounts Payable Automation Solution is fully integrated with Intacct's on-demand financial management and accounting applications and will enable businesses to both improve productivity and reduce expenses by making paper-based processes obsolete.
Corefino, a Sunnyvale, CA based provider of outsourced financial and accounting operations, is looking forward to the SpringCM solution for Intacct. Karen Northup, CEO of Corefino, says, "We are excited about the new SpringCM integrated solution. Intacct and SpringCM are key software partners for Corefino and help us offer turnkey accounting solutions to growing businesses throughout the world. Intacct's strong foundation in financials, and the powerful content management system of SpringCM are a great combination for both Corefino and the business teams we support. The fact that both of these products are SaaS-based is also a big plus in our decision to partner with them."
SpringCM Accounts Payable Automation Solution for Intacct will also help CPA firms and financial outsourcers provide better service and higher value to their clients by replacing printed documents with electronic processes complete with audit trails and version control. This first-ever combination of Software as a Service (SaaS) financial applications and document management brings both the finance department and the accounting profession one step closer to the goal of seamless, paperless collaboration over the Internet.
"SpringCM is committed to automating document-centric processes," said Dan Carmel, CEO of SpringCM. "Our Accounts Payable Automation Solution showcases the power of our platform and illustrates the significant efficiency gains and cost savings users can achieve by converting paper-based nightmares to manageable electronic processes. Intacct users are already experiencing the advantages of SaaS-based financial solutions and can now extend these benefits to document capture, management and workflow. Over the coming months, we will explore additional ways to bring added value to Intacct users."
According to Daniel Druker, senior vice president of marketing and business development for Intacct, "We are delighted to welcome SpringCM into the Intacct family and showcase their new Accounts Payable Automation Solution to our clients and partners. This is the first of many high-value solutions made possible by combining Intacct with SpringCM's on-demand document management and business process automation platform, such as financial statement preparation, audit support and managing boards of directors. SpringCM is a true innovator in helping businesses leverage the on-demand revolution and get closer to the goal of going 100 percent SaaS."
The SpringCM Accounts Payable Automation Solution for Intacct saves 50 percent or more on the costs of invoice processing, and includes:
-- Invoice capture plus automatic extraction and population of index data
-- Secure storage, full-text search and retrieval capability
-- Automated matching of invoices and purchase orders
-- Automatic invoice categorization and approval routing
-- Automated exception handling and escalation procedures
-- Full integration with Intacct including single-step data entry (SSDE) and access to all related documents from within Intacct
SpringCM also announced today that it is a charter member of Intacct-Ready, a program designed to enable businesses to confidently choose from a broad array of best-of-breed applications and technologies that are pre-integrated with Intacct.
SpringCM is the recognized market leader in enterprise-class, on-demand content management. Led by enterprise content management (ECM) industry veterans, SpringCM delivers affordable, easy-to-deploy document management and workflow solutions in a completely Web-based environment. SpringCM's award-winning ECM service eliminates software installations, hardware maintenance and prolonged customization cycles associated with on-premises applications. The breadth of functionality combined with personal attention to clients enables SpringCM staff to offer tailored solutions to organizations of all sizes and industries. Leading US and international companies like Avon, Comcast, Health Net, National Australia Bank and Cox Communications trust SpringCM with their mission-critical document management and workflow needs. SpringCM partners include Microsoft, salesforce.com, WebEx, Fujitsu and Toshiba. For more information, please visit www.springcm.com.
CONTACT: Heidi Rosenberg of Nadel Phelan, Inc., +1-831-440-2405, email@example.com, for SpringCM