In this section, we present the findings from our hands-on experience with Sage Intacct, demonstrating its capabilities across different functionalities and how it meets the needs of scaling businesses.

Advanced Reporting & Dashboards

We found that Sage Intacct provides advanced, customizable dashboards and reporting capabilities that enabled us to analyze key metrics with ease. By using dimensional tagging, we were able to generate highly specific reports based on various criteria, such as location, department, or project, which led to more insightful financial oversight. We found the report-building process intuitive and extremely useful for businesses needing in-depth, real-time analysis to make informed decisions on a daily basis.

In our test, we configured dashboards to track key metrics by department and project in real time. Using dimensional tagging, we created custom views that updated instantly based on live data from the general ledger. This feature proved invaluable for spotting trends early, providing actionable insights without extensive manual setup. The flexibility in designing dashboards allowed us to tailor the view to fit our exact reporting needs, demonstrating how easy it is to adapt Sage Intacct’s reporting tools to specific business objectives.

Automated Accounts Payable and Receivable

The automation of accounts payable and receivable workflows in Sage Intacct ensures faster processing times and minimizes the risk of errors associated with manual data entry. By configuring custom workflows, companies can manage vendor payments and customer invoicing in real time. 

We set up custom workflows to automate the entire accounts payable process, from vendor payments to invoice management. In a high-transaction scenario, Sage Intacct handled invoicing and payment schedules seamlessly, eliminating manual entry tasks and ensuring all transactions were correctly recorded. 

The software also flagged discrepancies automatically, allowing us to resolve issues in real time. This feature increased efficiency and minimized errors, especially beneficial for finance teams processing a high volume of transactions daily.

Revenue Recognition Compliance

Sage Intacct’s automated revenue recognition aligns with ASC 606 standards, making it easier for companies to stay compliant. This feature allows users to set up templates for revenue recognition schedules, automating the recognition process and ensuring compliance with industry regulations. 

To test compliance with ASC 606 standards, we configured Sage Intacct to automate revenue recognition schedules for a SaaS-based subscription model. The software enabled us to set up templates for recurring revenue, ensuring compliance by recognizing revenue accurately and on time. Throughout our testing, this feature demonstrated its capacity to handle complex revenue streams, reducing the risk of non-compliance. It’s particularly suited for industries with deferred revenue, as it simplifies the process without compromising accuracy.