On Demand WMS and Financial Application Providers Join Forces.

SmartTurn and Intacct provide Joint On Demand Inventory Control and Financial Management Solution for SMB Customers

OAKLAND & SAN JOSE, Calif. -- SmartTurn, the leading on demand Warehouse Management System (WMS) provider, and Intacct Corporation, the leader in on demand financial applications, today announced a collaborative marketing initiative to bring an integrated supply chain execution and financial management solution to small and medium-sized businesses across services, wholesale, hospitality, franchise and retail industries. Collectively, SmartTurn[TM] WMS and Intacct financial management provide a complete enterprise-class solution for inventory and distribution management.

SmartTurn WMS helps businesses take control of inventory and warehouse operations by providing real-time product visibility and automating receiving and fulfillment processes. Coupled with Intacct's financial application suite, companies can now synchronize actual product and inventory movement with purchasing or spending transactions in the general ledger. Using an integrated inventory control and financial management solution minimizes data errors and administrative time spent on payables and receivables reconciliation, and streamlines business processes for both warehouse and accounting operations.

"Our partnership with Intacct reinforces the on demand, software as a service revolution," said Mike Dempsey, general manager of SmartTurn. "Customers are more savvy and they see the power of the on demand delivery model. They want enterprise class solutions and they know they don't have to pay enterprise class prices. Customers want to mix and match functionality to suit their unique business needs and expect vendors to accommodate integration to provide a complete solution. SmartTurn and Intacct are responding to the need for a robust on demand inventory control and accounting solution."

The SmartTurn/Intacct solution is a fully hosted service, so customers pay a simple monthly subscription and avoid hardware, implementation and maintenance. The SmartTurn WMS user interface is simple and intuitive, and automated data import/export with Intacct minimizes setup and training time, making it easy to begin using the joint solution. High speed Internet access is the only requirement.

"We find many customers have outgrown simple accounting packages like Quickbooks and need more comprehensive financial management and inventory control. Through our partner program, we are excited to provide customers with this best-of-breed on demand accounting and inventory management solution." said Robert J. Jurkowski, CEO and president of Intacct Corporation. "We look forward to continuing a complementary development effort with SmartTurn to bring additional functional depth to both our product offerings to the benefit of our mutual customers."

About SmartTurn

SmartTurn is a fully-owned division of Navis. SmartTurn began in 2005 with the goal of building and delivering an on demand warehouse management system (WMS) for everyone. SmartTurn[TM] WMS is the first true on demand WMS to provide enterprise-class functionality at a fraction of the cost of traditional license and install software. SmartTurn WMS provides real time inventory visibility and integrates ordering, receiving and shipping to streamline warehouse operations.

About Intacct

Intacct provides on-demand financial applications for more than 2,000 small and midsize businesses. Over 10,000 users from startups to public multinationals pay a monthly subscription fee to access the first SAS 70 Type II certified financial, supply chain, business intelligence and project management suite on the Web--which enables corporations to comply with GAAP and Sarbanes-Oxley. Together with its strategic business partners, Intacct also offers a wide range of enterprise software to help companies of all sizes run their entire operations with one integrated application suite. Intacct's financial management system supports all your business units, each with its own account structure, business processes, currencies, taxes and regulatory requirements. The ability to add more users, applications, currencies and business units as you grow makes Intacct the last financial management suite you'll ever need. Headquartered in San Jose, California, with operations in Bangalore, India, Intacct is a privately held company funded by Deloitte & Touche, Emergence Capital Partners, Goldman Sachs, Hummer Winblad Venture Partners and JK&B Capital.