Intacct, RealPage Ink $3 Million Agreement
RealPage integrates Intacct’s ERP on-demand application to enhance property management suite used by more than 20,000 apartment communities
(March 28, 2005)—Intacct Corporation, a leading provider of ERP On Demand, and RealPage, a leading provider of on-demand software and services to the multifamily industry, today announced a multi-year agreement valued at a minimum of $3 million to embed Intacct’s ERP On Demand™ solution into RealPage’s OneSite© property management system, which is used by more than 20,000 apartment communities.
Under the agreement, RealPage will include Intacct as a financial component of OneSite, an integrated suite of property management tools that helps property owners and managers streamline business processes.
“When we decided to extend the OneSite product line, we were faced with a build-or-buy decision in regards to a back-office accounting application,” said Steve Winn, CEO of RealPage. “We chose to team with Intacct because it is a software-as-services technology leader, one that we can work closely with over the coming years to ensure that the best quality products are available for the multifamily industry.”
By adding the financial application to OneSite, RealPage now offers the only end-to-end solution for the multifamily industry. All financial transactions from the other OneSite components—leasing, rents, screening and purchasing—now flow automatically into accounting, where the data is used for multiple-budgets comparison and customized reporting. With centralized control of cash flow and vendor relations, OneSite users can simultaneously manage multiple sites.
“RealPage’s decision to standardize ERP On Demand for its back-end functions is a strong endorsement of Intacct’s position as a leading back-office building block,” said Robert J. Jurkowski, CEO of Intacct. “RealPage is a leader in multifamily technology and OneSite is receiving a tremendous response. We are excited to be part of the company’s continued success.”
Intacct delivers financial, supply chain, professional services automation, business analytics and multi-entity management software as services over the Internet for a monthly subscription fee. Intacct’s ERP On Demand — ISV Edition, one of four solutions Intacct provides midsize businesses, ISVs and accounting outsourcers, lets software companies seamlessly embed ERP applications into packaged, hosted or web-based applications. In addition to a full suite of integration tools and professional services, Intacct helps ISVs successfully go to market with their new extended offerings through business enablement services, such as solutions training, market strategies and joint business planning.
RealPage’s OneSite is an integrated, web-based suite that automates the entire process of leasing, renting and managing apartments, including fast and easy applicant screening, comprehensive facilities maintenance, simplified purchasing and expense controls, professional accounting and convenient online rent payment.
About Intacct Corporation
Intacct is the leading ERP software-as-services provider. The company delivers its ERP On Demand applications to more than 1,800 clients through direct sales and channel initiatives. Intacct’s patent-pending multi-entity technology centralizes key business processes, such as financials, supply chain, professional services automation and business analytics, 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
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides property management products and services to more than 20,000 apartment communities across the United States. It currently has three major product lines: OneSite©, an on-demand property management system that automates property management functions while providing real-time access to important data; CrossFireTM, 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; and YieldStarTM, an on-demand asset management system that helps owners and managers optimize asset values through revenue management, portfolio management and market intelligence.
Intacct and ERP On Demand are trademarks of Intacct Corporation. Other names may be trademarks of their respective company.