After a slow start, the NetSuite Inc. (NYSE: N) IPO gained ground in trading later in the day – with the stock up $5.04 to $31.04.

The company is a top on-demand software player, providing enterprise resource planning (ERP) applications for small-to-medium size businesses (SMBs).

Well, to get some perspective on things, I had a chance to interview Mike Braun, who is the CEO of Intacct. His company is also an on-demand player:

Q: What does the NetSuite IPO mean for the industry and companies like Intacct with similar offerings?

A: NetSuite will be the first company to go public offering "system of record" financial applications using a Software-as-a-Service (SaaS) model.

Founded in 1999, Intacct is now a key player in the on-demand software space. The focus is on enterprise resource planning (ERP) solutions for small and mid-size companies (of which there are about 2,000 customers).

To ramp up growth, the company raised $14 million in venture capital. The investors include Sigma Partners, Sutter Hill Ventures, and Emergence Capital Partners.

I had a chance to interview the company's CEO, Mike Braun. He is a veteran of the tech world, having worked at high level positions for IBM (NYSE: IBM) as well as a variety of upstart companies.

Q: Salesforce.com (NYSE: CRM) just reported a record quarter. What's your perspective on the company's future growth prospects?

A: It was a fantastic quarter -- further demonstrating the momentum of the new "on-demand" computing model. Salesforce continues to focus on new customer acquisition, which drives high expenses in the near term, but you can get a preview on the future by looking at the cash flow growth of 197% YTY. Once companies move to this delivery model, whether with salesforce.com or Intacct, they love it and will stay for life.