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Intacct is a company trying to undercut the big boys, SAP and Oracle, by selling cheaper Web-based financial applications.

The San Jose-based company will announce tomorrow that it has raised $7 million in a second round of venture capital, led by Emergence Capital and including existing investors Hummer Winblad and JK&B Capital.

Bob Jurkowski, chief executive, told us the company had a record quarter, and is working closely with to acquire new customers. It lets handle a customer’s sales management applications, but Intacct wants to manage the “backend” needs of its customers, including things such as project management, and supply-chain management.

Jurkowski said he is launching some guerrilla marketing tactics, similar to those of smaller competitor Netsuite, which tried to fluster SAP last week by setting up a conference across the street from SAP’s own SAPPHIRE customer conference (Netsuite failed to pull it off). For his part, Jurkowski didn’t reveal any details.

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