Intacct and SCORE Partner to Bring Cloud Computing to More than One Million Small Businesses

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Jan 10, 2011, 09:00 ET

WASHINGTON, and SAN JOSE, Calif., Jan. 10, 2011 /PRNewswire-USNewswire/ -- SCORE, America's premier source of free and confidential small business advice for entrepreneurs, and Intacct, a leader in cloud financial management and accounting applications, today announced an exclusive partnership that will benefit SCORE and the more than one million businesses SCORE helps to start and grow every year.

Intacct and SCORE have joined forces to support SCORE's mission of facilitating entrepreneur education and the formation, growth and success of small businesses nationwide. Intacct and SCORE will work together to educate small businesses about the benefits of adopting "cloud computing" – including increased productivity, heightened agility, reduced costs, and increased transparency – vs. installing old-style on-premises software. These benefits have also led to the endorsement of cloud computing by both the Obama administration and by the American Institute of Certified Public Accountants (the AICPA).

The new Intacct and SCORE partnership will also leverage Intacct's existing relationship with the AICPA, which helps small and mid-sized businesses adopt cloud computing and connect with more than 45,000 AICPA member CPA firms to improve financial performance, take better advantage of financial advice and make better and faster business decisions.

SCORE has also selected and will standardize on Intacct as the new financial management and accounting system for its headquarters and for its more than 350 chapters throughout the United States and its territories. SCORE chose Intacct after an extensive evaluation of leading financial management and accounting applications.

"SCORE is thrilled to partner with Intacct to help improve the financial performance of our own organization as well as the more than one million businesses we work with," said Ken Yancey, CEO of SCORE. "Intacct is a clear leader in cloud financial applications and I'm pleased they have stepped forward to help small and mid-sized businesses advance towards financial success."

"We at Intacct are delighted to be in a position to support SCORE's mission of educating entrepreneurs and helping small business start, grow and succeed nationwide," added Robert Reid, CEO of Intacct "Intacct and cloud computing are a perfect fit to help SCORE and its clients improve productivity, increase transparency and reduce costs."

"Small and mid-sized businesses can use cloud computing to actively manage their financial performance by becoming continuously aware of their financial position and collaborate with trusted CPA advisors to make the best possible business decisions," said Erik Asgeirsson, president and CEO of CPA2Biz. "We are very excited to connect thousands of AICPA member firms with both Intacct and SCORE to help SCORE's clients become more profitable and productive."

About SCORE

Since 1964, SCORE has helped more than 8.5 million aspiring entrepreneurs. Each year, SCORE provides small business mentoring and workshops to more than 375,000 new and growing small businesses. More than 13,000 business experts volunteer as mentors in 350 chapters serving local communities with entrepreneur education to help grow 1 million small businesses.

For more information about starting or operating a small business, call 1-800/634-0245 for the SCORE chapter nearest you. Visit SCORE at www.score.org and www.score.org/women. Connect with SCORE at www.facebook.com/SCOREFans, www.twitter.com/SCOREMentors and www.scorecommunity.org.

About Intacct

Intacct is a market and technology leader in web-based financial management and accounting applications for businesses and CPA firms. 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 thousands of businesses from startups to public companies and are designed to improve company performance and make finance more productive. The Intacct system includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via cloud computing.

Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765.

Intacct and the Intacct logo are trademarks of Intacct Corporation. All other company and product names mentioned herein may be trademarks of their respective owners.

SOURCE SCORE Association