Major property management solutions provider offers web-based financial management applications for distributed multifamily properties
(November 9, 2004)—Intacct Corporation, the ERP On Demand solution for distributed enterprises and ISVs, and IBM today announced that RealPage, Inc., a leading provider of on-demand property management and property marketing systems to the multifamily industry, more than doubled its subscription to Intacct’s Web-based ERP services.
RealPage uses Intacct ERP On Demand, which is deployed on IBM’s e-business Hosting infrastructure, to rapidly and profitably expand its market reach without increasing operational costs, raising capital expenditure and hiring IT staff. RealPage is currently adding 68 new OneSite Accounting customers, who combined manage more than 1,000 multifamily properties.
Intacct ERP On Demand enables RealPage’s customers to execute shared business processes at multiple sites. Companies can centrally manage the financials of any number of distributed business units while permitting local managers to work with relevant numbers and reports. A vendor bill that applies to several apartment communities, for example, is paid from a shared bank account and the expenses automatically allocated.
Intacct allows RealPage to integrate its OneSite property management applications into the Intacct platform, which is architected to deliver ERP software as service — including general ledger, cash management and consolidation. More than 12,000 apartment professionals across the United States use RealPage’s hosted OneSite suite on a daily basis to manage critical business processes, such as applicant screening, market intelligence and compliance reporting.
“By coupling the best-of-breed ERP platform and world-class e-business hosting with our property management applications, we are able to provide our customers with affordable financial management solutions,” said Steve Winn, CEO of RealPage. “The reliable and cost-efficient services of IBM and Intacct’s advanced integration and ERP functionalities create the ideal platform for on-demand enterprise applications.”
IBM e-business Hosting Services allow customers to obtain computing resources on demand as a speedy, flexible and reliable service. IBM e-business Hosting services include security, computing capacity on demand and application services. Most services are sold on a usage basis.
“Businesses are seeking technology solutions to better serve their customers,” said Scott Hebner, vice president of strategy and marketing, ISV & Developer Relations, IBM. “We are committed to providing Intacct and our joint customers with an IT infrastructure that can increase performance, security capabilities and flexibility, while freeing up resources that can be deployed to help increase their competitive advantage.”
“Vertical ISVs adopt the joint Intacct and IBM solution as the standard in on-demand ERP to grow markets by delivering multi-entity business process functionalities that Microsoft and Oracle simply can’t,” said Robert J. Jurkowski, CEO of Intacct. “As companies leverage our on-demand platform, they find Intacct’s integration and customization technologies sharpen their competitive edge and allow them to build industry-specific solutions.”
About RealPage
Located in Carrollton, Texas, a suburb of Dallas, RealPage, Inc. provides property management products and services to more than 20,000 apartment communities across the United States. RealPage’s OneSite is an on-demand property management system that streamlines site-based business processes such as screening, leasing, and resident management, and automates back-office accounting and portfolio management. CrossFire is an on-demand property marketing system that automates and enhances the process of capturing and entering leads, provides tools for retaining residents, and provides a convenient means for residents to sign up for utilities and other services. YieldStar is an on-demand asset optimization system that provides statistical support for site development, market position analysis, micro and macro supply and demand forecasting, and revenue optimization to the multifamily industry.
About Intacct Corporation
Intacct is a leading ERP software-as-service provider. The company delivers its ERP On Demand applications to more than 1,800 customers through direct sales and channel initiatives. Intacct’s patent-pending MEGA technology centralizes key business processes, such as financials, supply chain and professional services automation, across distributed organizations and allows remote staff to access the applications with a Web browser. Outsourcers private label Intacct ERP On Demand and ISVs integrate their applications to offer end-to-end solutions. Intacct is a privately held company funded by Deloitte & Touche, Goldman Sachs, Hummer Winblad Venture Partners and JK&B Capital. www.intacct.com
Intacct, ERP On Demand and MEGA are trademarks of Intacct Corporation. Other names may be trademarks of their respective company.
Media Contact:
Alf Abuhajleh
Intacct Corporation
(408) 884-3354
alf@intacct.com