Archive for the ‘Headlines’ Category

New cloud accounting benchmark study now available

Thursday, August 2nd, 2012

The Cloud Accounting Institute recently released its benchmark study of cloud accounting best practices, outlook and trends based on survey results it procured in the first quarter of this year.  Highlights of this study include:

  • “Participants in this online survey indicated a landslide movement to adopt cloud/SaaS solutions for core accounting in the SMB sector. More than half the respondents have already deployed at least one cloud app; 82.5% intend to use SaaS solutions in the future”
  • “Comparative satisfaction ratings of on-premise vs. SaaS solutions indicate confidence that SaaS can deliver better ROI and improve business operations. The top expected benefit by a wide margin is simplification of software management, a benefit inherent in the delivery model. The top concerns are either security, or concerns typical of those engaged in reconfiguring their IT environment”
  • “While the majority of cloud apps deployed to date are point solutions, a preference for suites is implicit both in the solutions identified, and in responses to questions about expected benefits of migration and ease of integration”
  • “A distinctive profile of pragmatic, motivated SMB buyers emerges from the data”

In addition to sharing the results of a national survey, the report benchmarks against some top research firms including Saugatuck Technology and Forrester Research . The benchmark study was sponsored by AccessTek, a leading cloud accounting software reseller.  Download the complete study at the Cloud Accounting Institute website.

Intacct Records Largest Quarterly Bookings in Company’s History

Thursday, July 26th, 2012

We’re excited to help our partner, Intacct, celebrate their huge success!  Intacct announced today that their new bookings have increased by 59% year over year, and its fourth fiscal quarter delivered new bookings growth of 58% over the same quarter last year.  That’s the largest quarterly bookings in the company’s history!

As a member of Intacct’s channel program, LBMC Technologies is proud of the success Intacct is experiencing and looks forward to participating in its continued growth.  Intacct has firmly established itself as the best-in-class provider of cloud financial applications. Intacct offers real-time reporting and business analytics, anytime anywhere access, and powerful automation. In addition, tight integration with Salesforce CRM and other leading business applications, plus superior compliance and audit-ability, provide a strong impetus for companies to upgrade their financial system to Intacct.

As part of our commitment to and confidence in Intacct cloud financials, we recently developed a new software application, IntegraterPlus, that integrates Intacct with Microsoft Dynamics™ CRM.  Read more.

“Growing momentum in the cloud financial applications market continues to put wind in our sails,” said Robert Reid, president and CEO of Intacct. “Intacct’s growth rate remains the envy of the marketplace. New bookings growth from just our third to fourth fiscal quarter alone was 40% – delivering our largest-ever quarter for bookings. Going forward, we see increased opportunity to grab additional market share because of our comprehensive financial solution for mid-market companies.”

For more information, visit our Intacct product page.

Get a preview of the new Microsoft Office

Friday, July 20th, 2012

The release date for Windows 8 has been set for this October, but Microsoft is offering customers a sneak peak at the latest version of Office now.

Customers can visit the website and take a tour of the features and functionality included in the latest release of Office before it hits the market.  Steve Ballmer, Microsoft Corp. CEO, boasts that the new and improved Office will “deliver unparalleled productivity and flexibility for both consumers and business customers.”

Read all the coverage on the Microsoft website.

ClickDimensions Recognized for Excellence

Monday, July 2nd, 2012

LBMC Technologies is excited to announce that ISV (independent software vendor) ClickDimensions has won the 2012 Microsoft Dynamics Marketplace Solution Excellence Partner of the Year Award.

LBMC Technologies partners with ClickDimensions to offer clients ClickDimension’s Marketing Automation for Microsoft Dynamics CRM, which fully and seamlessly integrates with Microsoft Dynamics CRM.

“[ClickDimensions'] Marketing Automation Application for Microsoft Dynamics CRM solution empowers marketers to drive strong results and we’re pleased to recognize them with this award,” remarked Doug Kennedy, vice president, Microsoft Dynamics Partners and Support Services.

Please read the entire announcement here.  Congratulations to our esteemed partner, ClickDimensions!  If you would like more information on integrating this award-winning system with your Dynamics CRM solution, please contact LBMC Technologies today.

“CPA Practice Advisor” Gives Intacct 5 Stars

Wednesday, June 20th, 2012

In their 2012 Review of SaaS Accounting for Small Business, CPA Practice Advisor reviewed four web-based small business accounting products: Intacct, QuickBooks Online, Bizautomation.com, and Xero.  In the results, published May 2012, Intacct received an overall rating of 5 out of 5 stars.

The products were reviewed in the following areas: Basic System Functions, Core Accounting Capabilities, Day-to-Day Operations, Management Features, Integration/Import/Export, and Help/Support.

Among the strengths earning Intacct its 5 star rating were:

  • its strong ecosystem of third party solutions to meet most industry requirements
  • its impressive, customizable dashboards
  • its integration between customer relationship management and payroll
  • its flexibility to support numerous users, with strong user access control tools
  • its integrations with other solutions
  • its usability in almost any web browser

Please visit CPA Practice Advisor to read the entire review.

LinkedIn Worries

Wednesday, June 6th, 2012

LinkedIn has been making headlines today, but not for the reasons it would like.  Protect yourself from hackers by taking the following precautions:

  1. We’re seeing an increase in SPAM messages regarding LinkedIn password resets.  Please proceed with caution when opening any email that you were not expecting to receive that gives instructions to click on links or take action from the email.  Take notice of the sender’s “From” address; SPAM and virus emails often pretend to be from LinkedIn or another trusted company but are actually from somewhere/someone else.  Such an email should be deleted, unopened.
  2. The LinkedIn email SPAM notices are particularly troubling at this time because of the security problems associated with LinkedIn’s passwords.  Ian Paul from PC World reports that LinkedIn is suspected to have suffered a major security breach.  “If you are a LinkedIn user,” advises Paul, “security professionals are advising you to change your password immediately as a precaution.”  Note that you should log in to the LinkedIn site directly and do not trust emails that include links to change your password.

If you have any additional security concerns, do not hesitate to contact us at lbmctechinfo@lbmc.com.

Intacct Delivers Record Quarter with Outstanding Year-over-Year Growth

Monday, June 4th, 2012

Intacct, a leading provider of cloud financial management and accounting software, today announced record results for the company’s third fiscal quarter, ended March 31. With growth across all channels, Intacct increased new business during the quarter by 69% over the prior year. Intacct’s existing customers also added new users and subscribed to additional modules in record numbers. This resulted in another record quarter for revenue.

Intacct’s investments in building a world-class channel program have paid off, as this is quickly becoming a key growth driver for the company. Intacct partners are continuing to close new business at a record pace and the time to first sale for new partners continues to decrease. Intacct’s relationship with the American Institute of Certified Public Accountants (AICPA) and CPA2Biz also remains an important component of the company’s go-to-market strategy, helping to strengthen the company’s position with CPA firms and business process outsourcers. New business through this portion of the channel more than doubled during the quarter versus the prior year.

Through both its direct and indirect channels, Intacct continues to see widespread customer migration from companies that have outgrown QuickBooks, and those who want to replace outdated, on-premises financial software with Intacct’s modern, cloud-based financial system. As the economy picks up, these companies are moving away from just focusing on cost savings and now looking for ways to fuel faster growth for their business.

Intacct’s cloud financial management and accounting applications help companies of all sizes automate financial processes, gain improved visibility and insight into their business, and drive top line revenue growth. For example, three of seven software companies that completed their initial public offerings last quarter – Guidewire, Brightcove, and Demandware – are Intacct customers. In addition, both Guidewire and Demandware initially graduated from QuickBooks to Intacct and have been on the Intacct system for more than four years.

Intacct’s company momentum has not gone unnoticed in the industry. Intacct received a number of accolades during the quarter, including:

  • PC Magazine named Intacct one of the Top 25 Small Business Apps of 2012
  • AlwaysOn named Intacct to its OnDemand 100 list of the top private software companies
  • CRN named Intacct to its list of the “20 Coolest Cloud Software Vendors of 2012”
  • CRN named Taylor Macdonald to its list of the top Channel Chiefs of 2012
  • Lead411 named Intacct to its 2012 Hot Companies list

“This was another outstanding quarter for the company, as we continued our rapid growth,” said Robert Reid, president and CEO of Intacct. “It is all about delivering value to our clients. We’ve differentiated ourselves from the competition through an intuitive product with deep financial capabilities that helps companies improve their business, coupled with exceptional ROI and high levels of customer satisfaction. We are well positioned to meet the needs of our target market and outpace the growth our competition through a focused commitment to our customers.”

About Intacct
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 5,000 organizations 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 management, 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.

3 LBMC Partners make Nashville Post’s 2012 Accounting’s Finest List of Middle TN CPAs

Thursday, May 17th, 2012

The Nashville Post has published their annual list of Middle Tennessee CPAs most respected by their peers.  LBMC Technologies is excited to announce that three partners from our parent company, LBMC, PC, were among those recognized.

Please join us in congratulating Mike Cain and David Morgan, Co-managing Partners of Lattimore Black Morgan & Cain, and Greg Eli, Health Care Practice Leader, for excellence in their field.  Visit the Nashville Post to read the entire list of 2012 Accounting’s Finest.

LBMC Technologies Client, Orangery, launches cash referral program

Monday, April 23rd, 2012

Celebrate International Women’s Day on March 8, 2012

Thursday, March 1st, 2012

March 8th is International Women’s Day.  The inaugural International Women’s Day was held on 1911.  Just two years before that, the First National Women’s Day was celebrated in the United States.

The Frances Hesselbein Leadership Institute has collected an inspiring list of ideas and events to recognize the women in your life.  Use International Women’s Day to celebrate the female coworkers, friends, and family in your life.  Write a letter/email to a woman who has inspired you; become a mentor; donate to an organization that supports healthy girls and women; or attend a special event.

To help inspire you, check out this great video, created by Kronos and Xplane: Celebrating Working Women: International Women\’s Day