Intacct’s Software-as-a-Service model, the Project Accounting Application

Joining fellow on-demand ERP seller NetSuite, Intacct is taking aim towards services-based enterprises with a fresh product and partnership. Intacct's Project Accounting application will help services firms keep better track of worker project hours and costs compared against ad-hoc approaches done with spreadsheets or paper documents, according to the provider.
It also generates invoices based primarily on that information, and provides users with role-based dashboards that allow them keep track of a project's progress. Additionally, the software contains a library of reports and graphs tuned for services companies, letting them monitor baselines like "project delivery costs against plan." Even customised reports can be developed using this application. Intacct also revealed collaboration with SaaS (software as a service) project management seller Clarizen that will end in a combined product, according to a statement. Overall, Intacct is drumming into a broad commercial trend, according to an observer.
"A key component of every product company will be growing services revenues", expounded Altimeter Group researcher Ray Wang through e-mail. "Today products are excuses to sell services. Project accounting provides one core component. Intacct delivers this piece. Clarizen delivers the resource scheduling, project tracking and task management."
Demand for such software is growing since firms are rather more eager than ever to closely track project costs among the depression, according to 451 Group researcher China Martens. Intacct's move places it in closer competition with NetSuite, which gained software like Clarizen's through its purchase of OpenAir.

The Software-as-a-Service delivery model works very well for services enterprises because groups are sometimes distributed, licenses can be added simply and deployment is fast, Wang asserted. Still, many companies are still getting through with Excel or using on-premises applications like Microsoft's Dynamics SL, Martens added.