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Cartridge World Chooses Armanino and Intacct Cloud Accounting to Consolidate Financial Reporting for Global Operations

SAN RAMON, Calif., Oct. 21, 2014 (GLOBE NEWSWIRE) -- Armanino LLP, the largest independent accounting and business consulting firm based in California, announced today that it is providing Cartridge World a custom-tailored accounting and financial reporting solution from Intacct. It is estimated that the cost of Cartridge World's new enterprise resource planning (ERP) implementation will be recouped within six months of deployment.

"Armanino is excited to work with Cartridge World, an international franchisor that offers printers, ink and toner, and printer repair for home and business customers, in consolidating its global accounting and financial reporting," said Lindy Antonelli, Armanino partner and founder of the Cloud Accounting Institute. "By utilizing Intacct, the only accounting solution endorsed by the AICPA, we are able to automatically consolidate reporting across geographies and minimize time-consuming manual reporting with a cost-saving cloud solution."

Using Intacct's cloud-based solution, Cartridge World is able to get customized analysis of KPIs and budget variances from multiple locations including its operations in North America, UK, France, and Australia. Intacct's multi-dimensional architecture allows for 'tagging' transactions and data points that can easily be accessed for custom reporting.

"By reducing our annual subscription fee by two-thirds of what we were previously investing, Armanino has helped us redesign our workflow to maximize our savings," said Michael Dixon, director of finance at Cartridge World. "With Intacct, we are able to tie our global presence together under one simple to use cloud accounting solution."

Armanino also provides a full suite of cloud solutions services to clients including budgeting and corporate performance management packages such as Adaptive Insights, expense management solutions like Concur, and equity management and stock options services like EASi. Earlier this year, Armanino was named the 2014 Intacct VAR Partner of the Year.

About Armanino's Consulting Practice

Armanino consultants provide comprehensive services to the CFO organizations of fast-growing companies, including Cloud Solutions, Microsoft Dynamics Implementation and CFO Advisory Services. The firm's Cloud Solutions practice brings leading technology solutions to the strategic challenges faced by CFOs. The deep bench of services provided by Armanino's business leaders who have served as CFOs, controllers and FP&A directors helps finance teams to minimize time spent on low-value accounting processes and increase time spent on strategic decision-making.

About ArmaninoLLP

Armanino LLP (www.amllp.com) is the largest independent accounting and business consulting firm based in California and one of the largest firms in the United States. Armanino provides an integrated set of audit, tax, consulting and technology solutions to companies in the U.S. and globally. The firm helps clients adapt and change in every stage of their organization from start-up through rapid growth to the sale of a company. Armanino emphasizes smart technology; leading a cloud revolution of financial, operational, sales and compliance tools that are transforming the way companies do business. Armanino extends its global services to more than 100 countries through its membership in Moore Stephens International Limited – one of the world's major accounting and consulting membership organizations. In addition to its core consulting and accounting practices, Armanino operates two other divisions – AMF Media Group (www.amfmediagroup.com) and Financial Horizons (www.fhllc.com).

About Cartridge World

Cartridge World is the leading ink and toner retailer and franchisor in the $80 billion printer cartridge industry. The company sells printers, paper, printing supplies and services, and uses state-of-the-art manufacturing processes to build high quality ink and toner cartridges. Cartridge World stores provide a tremendous cost-saving alternative to buying new printer cartridges, offering up to a 30-percent discount over full-priced cartridges. Cartridge World also offers a 100-percent satisfaction guarantee and free delivery to business customers. Ranked in the Top 100 franchises by Entrepreneur Magazine and #79 on Franchise Direct's Top 100 Global Franchises for 2014, Cartridge World has more than 1,400 retail locations in over 50 countries. For information about Cartridge World products or franchise opportunities, visit www.CartridgeWorld.com.

CONTACT: Mary Tressel, Armanino 925.790.2656 / Mary.Tressel@amllp.com Kyle McGuire, AMF Media Group 925.790.2788 / Kyle@amfmediagroup.com

Source: Armanino