Intacct was founded in 1999 by David Chandler Thomas to provide small and midsized businesses an online alternative to on-premise and desktop accounting solutions.
The Intacct name was derived from “internet” and “accounting.” Intacct helped pioneer software-as-a-service or cloud computing, and its products were some of the first to use a multi-tenant approach, which defines a unique approach to software architecture that significantly lowers the cost of delivering and using products.
Intacct is the cloud financial management company. Bringing cloud computing to finance and accounting, Intacct’s award-winning applications are the preferred financial applications for AICPA business solutions. Intacct applications are used by more than 7,300 businesses from startups to public companies and are designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers offer Intacct to their clients. The Intacct system includes accounting, contract management, revenue management, project and fund accounting, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via cloud computing.