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Intacct Takes the Pain Out of Healthcare Financial Management and AccountingSAN JOSE, Calif., March 30, 2015 /PRNewswire/ --As healthcare companies grow, it is challenging to monitor performance and keep financial processes running smoothly using traditional, on-premises financial software – especially managing multiple locations, multiple services, and multiple types of patients. More and more, these organizations are moving their accounting software to the cloud with Intacct, a leader in cloud financial management and accounting software. Intacct enables these healthcare companies to automate processes for greater efficiency, plus gain the business visibility they need to make operational improvements. In a recent survey by TechValidate, the top challenges healthcare companies struggled with prior to switching to Intacct included limited access to reports and information to drive decision making (64%), inefficiencies due to a reliance on spreadsheets to support financial processes and reporting (55%), difficulty in adapting their existing financial software to new business requirements (36%), excessive manual data entry/re-entry (36%), and inadequate controls around their financial processes (27%). [Source: TechValidate. TVID: 7C8-811-609] These organizations needed a way to eliminate those issues and moved to Intacct's cloud financial software. When evaluating Intacct against other competitors, including FinancialForce, Microsoft, NetSuite, and Sage, the TechValidate survey found that the top reasons healthcare organizations selected Intacct were ease of use (82%), the depth of Intacct's accounting and finance features (64%), scalability and ability to support growth (45%), Intacct's multi-tenant cloud delivery model (45%), and the ease of integrating Intacct with other applications (36%). [Source: TechValidate. TVID: 623-FFF-D39] Once they make the switch, Intacct enables healthcare organizations to automate key finance and accounting processes, including procure-to-pay and month-end close. Intacct also helps multi-location companies to centralize payables and eliminate manual processes for payments and intercompany accounting. Intacct's reporting and analysis functionality enables these organizations to gain the visibility they need to make better decisions and improve business performance. With Intacct, healthcare companies can more easily track their key financial and operational metrics, like available capacity used and revenue per treatment or payment type, and then compare performance and rtios across locations to indentify best practices. Healthcare Organizations Showcase Their Success with Intacct Freedom Healthcare, which provides comprehensive drug and alcohol addiction treatment programs under the Addiction Campuses brand, implemented Intacct last year. Wanting a cloud based system to avoid costly IT expenses, Freedom Healthcare evaluated Intacct and NetSuite and ultimately selected Intacct for its ease of use, the depth of accounting and finance features offered, and the ease of integration with other systems and applications. "As a startup healthcare organization, we needed financial software that could deliver the key accounting and reporting functionality we needed today, while also offering the scalability to grow with us as our needs change," said Lee Whitefield, CFO of Freedom Healthcare. "We were able to get up and running on Intacct in less than two months. We love that the system is intuitive, provides anywhere/anytime access, and delivers the reporting we need without having to use additional software. Intacct has been especially helpful for doing financial consolidations and managing finances across our multiple locations." Cloud computing has become a widely adopted business tool for healthcare organizations, and many of them are choosing Intacct. To learn more about how Intacct helps healthcare organizations, please visit http://us.intacct.com/healthcare-accounting-software. About Intacct Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765. Connect with Intacct on LinkedIn, Facebook, Twitter, Google+, and YouTube. 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. Logo - http://photos.prnewswire.com/prnh/20120123/SF39551LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/intacct-takes-the-pain-out-of-healthcare-financial-management-and-accounting-300057160.html SOURCE Intacct Corporation |