Tango2 Moves to Cloud Financial Management with Intacct

Tango2 Moves to Cloud Financial Management with Intacct Growing Healthcare IT Consulting Firm Improves Operational Visibility and Accessibility with Move to Intacct

SAN JOSE, Calif. – August 9, 2011 – Intacct a leader in cloud financial management and accounting software, today announced that Tango2, a growing healthcare IT consulting firm, is moving its financial applications to the cloud by replacing Microsoft Accounting Pro with Intacct. Tango2, with a national practice that has doubled in size each of the past four years, needed a more robust financial management and accounting platform to accommodate its growth. The move to Intacct’s cloud computing-based system will provide Tango2 with easier access to granular financial and operational data, while enabling the firm’s remote consultants to input and access info from anywhere.

Tango2 provides comprehensive and reliable consulting services to healthcare organizations located throughout the United States. Through its customized approach and collaborative attitude, the firm helps healthcare organizations develop cost-effective operational solutions that support the delivery of quality patient care. This approach led to rapid and consistent growth, and Tango2 quickly outstripped the capabilities of its previous financial applications.

When considering the requirements for its next financial system, Tango2 knew it wanted to go with a cloud-based application. Tango2 does not have a central office, so it was critical to select a financial platform that could be accessed from anywhere, at any time.

Our internal staff travels on a monthly basis and our consultants travel on a weekly basis. It is very important that we are able to do our jobs from any city, at any time of the day or night,” said Cheri Zandlo, CFO for Tango2. “Intacct’s cloud-based platform provides us with the flexibility we needed. I now have quick and easy access to all the information I need, whenever I need it.

One functional area of the new system that was important to Tango2 was detailed reporting and business intelligence. They wanted a system that would enable slicing and dicing of their financial and operational information along various dimensions of their business, such as analyzing revenue and profitability by state, by location, by project, by department, and by employee. Intacct’s general ledger supports up to 13 dimensions, so every transaction in the system can be captured, reported and analyzed across each of these key business drivers. This makes it easy for companies like Tango2 to manage their business more accurately and in much greater detail than ever before.

Intacct’s powerful reporting capabilities and library of more than 150 pre-built financial reports have also enabled Tango2′s finance team to rapidly produce detailed business reports and analyses for the firm’s senior managers — without having to export data to Excel. In addition, Intacct makes it easy for Tango2 to customize their reports and dashboards to meet the specific needs of their business.

For example, Zandlo provides project managers with update reports for their specific projects, which helps with efficiency. Using Intacct’s dashboards, she can also keep close track of the company’s cash flow, client collections, and departmental operating expenses in one place. This assists in heading off month end surprises and she can easily drill down on any item to get detailed information, saving a lot of time and effort.

Intacct is very intuitive, and the reports and dashboards are easy to setup. Intacct makes it much easier to track every piece of information that is crucial to our business,” noted Zandlo. “I feel like I have a much better understanding of how the business is doing and can more easily identify areas for improvement. Intacct enables us to get the daily operational data we need to properly manage and grow the business.”

Tango2 was also impressed with the Intacct implementation process completed by InnoVergent, an Intacct Business Partner. The project was completed on time, on budget and there was no rework required. Zandlo commented, “I could not have been happier with the process and appreciated the hands-on approach of our project manager. She really worked hard and made sure all our data was transitioned properly so we could hit the ground running at full speed.”

In just a short time, Intacct has become a central component of Tango2′s business infrastructure and the firm is evaluating ways to further leverage the system. For example, they are already making plans to capitalize on Intacct’s pre-built integrations to Salesforce CRM and their payroll provider. Tango2 expects that Intacct will enable them to continue to grow operations at a rapid pace, without the need to add headcount — something that will provide a significant ROI for the system.

To learn more about Intacct’s award-winning cloud financial management and accounting software, please visit http://us.intacct.com/products/intacct.php.

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 thousands of 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, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via cloud computing.

Source: Intacct

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