Cloud financial management and accounting software provider Intacct has signed a sales, marketing and development partnership with Paychex.

The partnership was announced at the Intacct Advantage 2011 user and partner conference in Las Vegas.

Through the new relationship, each time a company runs its payroll, totals are posted and visible within the Intacct system. Users can also work with real-time data, visible through custom screen displays and reporting outputs.

“In every finance organization there are processes that should be automated but are not, and transferring payroll data to a company's financial management system is one of them,” said Intacct senior vice president of marketing Dan Druker. “The new product integration will improve productivity, reduce costs and provide better business visibility, all of which are critical to small and midsized businesses in today's economy.”

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