Sage Intacct : Best-of-breed Financial Management for Scaling Businesses
Sage Intacct: in summary
Sage Intacct is a robust, cloud-based financial management software designed for growing businesses seeking automation and scalability in accounting. Tailored for scaling and mid-market companies, it offers modules for core financials, project accounting, purchasing, vendor management, and more, enabling seamless integration across various functions.
Sage Intacct equips finance teams with real-time visibility, advanced automation, and data-driven decision-making capabilities to enhance overall efficiency and agility. Known for its flexible reporting tools and customisable dashboards, it allows users precise control over financial operations and compliance.
With a focus on accuracy and speed, Sage Intacct optimises accounting processes, enabling businesses to gain greater financial insight, reduce manual tasks, and concentrate on growth. Finance teams can increase productivity and accuracy, gaining real-time insights and easing the complexities of:
- multi-entity consolidation,
- multi-currency,
- compliance — including HIPAA
- and reporting.
Who is Sage Intacct for?
It is trusted by CFOs, directors, and controllers in sectors such as:
- healthcare,
- professional services,
- real estate,
- construction,
- SaaS/technology/subscription companies,
- financial services,
- hospitality,
- and nonprofits.
The tool is also endorsed by the AICPA/IFAC.
Overview of Sage Intacct’s Features & Benefits
Sage Intacct provides a comprehensive suite of accounting tools to meet the complex needs of modern businesses. From real-time reporting to automated workflows, it delivers the scalability and precision finance professionals require. The platform’s flexibility enables companies to configure workflows tailored to their industry, ensuring that financial management aligns with organisational goals and compliance standards.
- Sage Intacct automates financial processes like accounts payable, accounts receivable, and revenue recognition, improving efficiency and reducing error rates.
- With intuitive dashboards and custom reporting, finance teams gain real-time financial visibility, empowering them to make data-driven decisions.
- Sage Intacct adapts to industry-specific workflows, whether for nonprofit, healthcare, or SaaS, enabling finance teams to manage financial complexity without sacrificing accuracy.
Appvizer's opinion
From our experience with Sage Intacct, we find it to be an excellent choice for businesses aiming to enhance their financial management capabilities through automation, scalability, and data integration. Our team appreciates its modular nature, comprehensive reporting tools, and the wide range of functionalities that make it adaptable to specific industry needs.
Sage Intacct's real-time data synchronization, integration with Salesforce, and dimensional reporting functionality are major advantages for those managing complex financial portfolios. These features help financial leaders access up-to-date information instantly, make informed decisions, and unify customer and financial data for better forecasting.
The software also excels in automation, utilizing an AI-driven General Ledger to detect anomalies and automate recurring processes, significantly cutting down manual tasks. Automated accounts payable and receivable workflows further enhance transaction processing times and accuracy, making it highly effective for businesses with high transaction volumes.
While the initial setup can be complex, the long-term benefits are substantial. Sage Intacct supports advanced functionalities like multi-entity consolidation, multi-currency management, and ASC 606 compliance, making it suitable for scaling businesses with intricate operational needs. We believe that its robust core accounting, flexibility, industry-specific modules, and advanced analytics will empower your finance team to transform into strategic advisors and support your sustainable growth.
Sage Intacct: its rates
Available upon request; contact Sage for a custom quote
Standard
Rate
On demand
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Sage Intacct: the complete test
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.
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