Intacct, a provider of online professional accounting solutions, and the
Principal Financial Group
— a company that specializes in offering businesses, individuals and institutional clients a range of financial products and services — have officially signed-off on their alliance agreement that will result in The Principal’s 401(k) and retirement services being added to the online offerings of the Intacct Online professional accounting and business system.
The Mac compatible Intacct system is an enterprise system made on the Internet for small to medium sized businesses. It’s not a redesigned boxed software product. Though all Intacct software is located on servers, not desktops, the company decided early on to support the Mac, Intacct CEO David Thomas told MacCentral.
The Web based software runs on Internet Explorer and Netscape browsers on the traditional Mac operating system and Carbonized versions of the browsers for Mac OS X, he said. Intacct does in-house testing to ensure “100 percent Mac compatibility,” Thomas explained.
Intacct users can now manage their Principal 401(k) programs online, Wendy Bednarz, Intacct’s manager of corporate communications, told MacCentral. The integration gives Intacct users the ability to set-up and manage 401(k) plans with The Principal through a “secure, online interface” and simplifies the establishment and management of retirement plans, she added. Features include complete online 401(k) plan administration and testing, daily valuation record keeping, investment assistance through licensed financial professionals, online plan design assistance and 24/7 access to plan status along with a dedicated client service consultant.
“The Mac has been abandoned by a lot of accounting software firms, but with the Intacct system, users can move to a new accounting system and continue to use their Macs,” Thomas added.