FOR IMMEDIATE RELEASE

Press Contact:Peter Olson

Intacct408-878-0951

polson@intacct.comhttp://www.twitter.com/intacct_peter

Kith Media Chooses Intacct for Multi-Entity Financial Management in the Cloud

Intacct Streamlines Revenue Recognition and Expense Management for Fast-Growing Advertising and Publication Group

SAN JOSE, Calif. – March 5, 2013 – Intacct, a leader in cloud financial management and

accounting software, today announced that Kith Media LLC manages finances for its nine

business entities with Intacct. The move to Intacct has simplified the company’s multi-entity

financial management, automated revenue and expense recognition, and improved overall

operational and financial visibility.

Kith Media was formed in 2011 to take over financial management for several operating

subsidiaries that were divested from a large media conglomerate, including print phone

directories and internet-based local search services. Kith Media needed to maintain separate

books for each of its distinct business entities, while eliminating reporting work done outside of

the financial system, such as using Excel for reports.

“As a new business with a compressed timeline for launch, we were looking for a flexible and

economical cloud-based financial management system that could adapt to our changing needs,”

said Jim Henderson, chief financial officer at Kith Media. “Realizing our single-entity QuickBooks

application was inadequate, we evaluated both Intacct and NetSuite. We found that Intacct had

better revenue recognition and expense management capabilities for our business model, and

the best team and pricing structure to support a long-term partnership with us.”

Kith Media got up and running on Intacct in just four weeks, and found the system could easily

handle the company’s management structure and business processes. Intacct provides Kith

Media with powerful functionality for complex revenue recognition and expense management

processes – making these workflows seamless, efficient, and accurate. This is a significant

improvement over the business’ previous processes, which required a specialized fixed-asset

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Kith Media Chooses Intacct for Multi-Entity Financial Management in the Cloud Page 2

module and several manually prepared Excel spreadsheets in order to recognize revenues and

expenses over the life of directory publications in Alaska, Greater Cincinnati, and Hawaii.

Kith Media also gained valuable efficiencies by maintaining its pre-determined allocation rates in

Intacct and leveraging the system’s employee expense application. In the future, the company

plans to integrate Intacct with its other primary operating systems.

“Intacct has all the features and flexibility we could ask for in an accounting solution, and it is

very easy to use. After setting up our financial processes in Intacct, revenue and expense

management became simple and painless,” commented Henderson. “We appreciate that Intacct

is up and running 24x7, and we never have to worry about the system being down, getting

outdated, losing data, or requiring IT support.”

For more information on the ways Intacct can help companies that find themselves growing

beyond the capabilities of QuickBooks, please visit http://us.intacct.com/our-products/why-were-

different/top-choice-quickbooks-online-alternative.

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, in use by more than 6,000 organizations from

startups to public companies, 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 management, purchasing, vendor

management, financial consolidation and financial reporting applications, all delivered over the

Internet via cloud computing.

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 or

YouTube.

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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.