In today’s fast-paced world, businesses need reliable accounting software. Sage Intacct is a cloud-based system that stands out. This review will cover its features, benefits, and possible downsides.
Sage Intacct is perfect for growing companies needing more than basic accounting software. It offers real-time financial reports and dashboards. This means businesses can see their financial health anytime, anywhere with an internet connection.
Sage Intacct handles basic and advanced accounting tasks. It’s great for businesses with complex financial needs. This includes managing multiple entities, global consolidations, and project accounting.
Key Takeaways
- Sage Intacct is a cloud-based financial management solution designed for growing businesses.
- The software offers real-time financial reporting and dashboards for deep insights into business performance.
- Sage Intacct can handle both basic accounting needs and advanced functions like multi-entity consolidations and project accounting.
- The system is accessible anytime, anywhere, providing flexibility for modern businesses.
- Sage Intacct has high marks in customer satisfaction and is considered comparable in price and functionality to competitive products.
Introduction to Sage Intacct
Sage Intacct is a cloud accounting software that helps businesses manage their finances well. It has features for growing companies in tech, services, and non-profits.
The software is easy to use and makes financial tasks more efficient. It gives a clear view of your finances and automates tasks. This saves time and cuts down on mistakes.
What is Sage Intacct?
Sage Intacct is a cloud-based accounting tool that works well with other business software. It has many features, like:
- Financial reporting
- Cash management
- Order management
- Accounts receivable
- Time & expense management
- Revenue recognition
- Project accounting
- Fixed assets management
It follows GAAP standards and helps with taxes. This gives businesses peace of mind in complex financial situations.
Key Features of Sage Intacct
Sage Intacct has many key features that make it stand out:
| Feature | Benefit |
|---|---|
| Customizable dashboards | Tailor interface for specific needs |
| Advanced analytics tools | Better decision-making processes |
| Open API | Custom integrations with other systems |
| Bank reconciliation | Streamlined financial management |
| Budgeting & forecasting | Improved financial planning |
| Role-based permissions | Enhanced security and control |
| Audit trails | Increased transparency and accountability |
These features, along with its easy-to-use interface and cloud access, make Sage Intacct great for businesses. It’s a powerful, flexible, and scalable financial management solution.
Pros and Cons of Sage Intacct
When looking at financial management solutions, it’s key to weigh the good and bad. Sage Intacct is a cloud-based accounting software that stands out for its features and high customer satisfaction.
Advantages of Using Sage Intacct
Sage Intacct is known for its easy-to-use interface. This makes accounting processes smoother and more efficient. It also has a shared chart of accounts and is cloud-based, making teamwork easy, even when everyone is not in the same place.
The software can be customized to fit your business needs perfectly. This ensures it works just right for you.
Another big plus is Sage Intacct’s reporting. It offers over 150 standard financial reports and lets you customize more. This gives businesses deep insights into their finances. They can see detailed data, like month-by-month purchase info, to make better decisions and negotiate with suppliers.
| Feature | Benefit |
|---|---|
| Payroll Management Setup | Effective and easy to use |
| Comprehensive Reporting | Detailed purchase data for supplier negotiations |
| Cloud Deployment | Streamlined accounting in remote work environments |
Potential Drawbacks to Consider
While Sage Intacct has many benefits, there are some downsides. The cost might be a problem for some, especially when compared to other options like QuickBooks Enterprise or Xero. It also might not have all the features you need, like advanced manufacturing or inventory management.
Businesses might face challenges with the increased renewal costs of Sage Intacct software, almost doubling after the complimentary upgrades are utilized.
Another issue is how hard it can be to change the system after it’s set up. While you can customize it during setup, big changes later might need Sage Intacct partners. This could add extra costs and depend on their availability for help.
Despite these downsides, Sage Intacct still gets high marks for customer satisfaction. Users love its easy interface, detailed reports, and the help they get from its tech support team.
Core Financial Management Capabilities
Sage Intacct’s core financials module makes financial processes smoother and more efficient. It has a detailed general ledger, accounts payable, and accounts receivable. This helps businesses manage their finances well in one system.
The general ledger in Sage Intacct keeps all financial transactions in one place. This ensures accurate and timely financial reports. The software also automates tasks like journal entries and transaction matching. This saves time and cuts down on errors.
| Financial Process | Manual Time | Sage Intacct Time |
|---|---|---|
| Account Reconciliation | 1 month | 4 hours |
| Bank Transaction Imports | Weekly | Daily at 9 a.m. |
Accounts payable is made easier with automated steps for ordering, approval, and payment. This reduces inefficiencies and improves workflows. Accounts receivable is also enhanced with options for creating and sending invoices and managing credit terms. This ensures payments are collected on time.
Sage Intacct’s cash management and reconciliation services give a full view of finances. It tracks cash flow, transactions, balances, and trends over time. The bank feed feature imports bank transactions daily. This cuts down account reconciliation time from a month to just 4 hours.
The transition to Sage Intacct was completed by two major arts groups in the area, suggesting an adoption rate within the arts industry for this financial management software.
Sage Intacct is a web-based application that’s easy to access. It doesn’t need on-site servers or special setups. Its modular design lets businesses add features as needed, like contract and subscription billing, asset management, and revenue recognition.
Advanced Modules for Specific Business Needs
Sage Intacct has advanced modules for different business needs. These modules help businesses manage their finances better. They make processes smoother and give deeper insights into operations.
The fixed assets management module is a key feature. It helps track and report on physical assets. This makes managing company assets easier and ensures they follow accounting rules.
Inventory Management
The inventory management module is a big help for businesses with physical goods. It lets companies see their stock levels in real-time. This helps them decide when to order more and save on costs.
Global Consolidations
Many businesses work in different countries and currencies. Sage Intacct’s global consolidations module makes managing this easier. It supports over 100 currencies and updates exchange rates in real-time.
Project Accounting
For businesses based on projects, like services or construction, Sage Intacct’s project accounting module is essential. It helps manage budgets, track expenses, and recognize revenue. This ensures accurate billing and controls project profitability.
Revenue Recognition
The revenue recognition module is great for businesses with complex income streams. It automates revenue recognition according to accounting standards. This helps businesses accurately report their income and understand their financial health.
These advanced modules in Sage Intacct help businesses overcome their unique challenges. They offer tools for managing assets, inventory, global finances, and revenue. Sage Intacct is flexible and meets the needs of each organization.
Pricing and Cost Considerations
When looking at Sage Intacct’s pricing, consider the number of users and add-on modules needed. The base app costs $400/month. Each additional user is $225/month. For a single user, expect to pay at least $8,000 a year. There are optional features that come with extra costs.
Sage Intacct’s pricing is similar to other mid-market solutions like NetSuite. NetSuite supports 27 languages and is more global. But Sage Intacct focuses on North America, offering English support. Both are seen as investments, with 80% of companies reviewing Sage Intacct and 66% considering NetSuite spending “tens of thousands” over three years.
A 30-day demo is available for Sage Intacct. This lets companies try out the software before buying. Sage Intacct works on Windows, Mac (OSX), and Linux, fitting various IT setups.
The initial costs might seem high, but think about the long-term benefits. Sage Intacct has won awards from the AICPA, CRN Magazine, and OnDemand 100. These honors show its strength in financial management and cloud computing. They highlight Sage Intacct’s value for businesses aiming to improve their financial processes and stay competitive.
Customer Reviews and Testimonials
Sage Intacct has been a top choice for seven years on TrustRadius. This platform is trusted by millions for real reviews. It shows Sage Intacct meets many needs well.
Users love its scalability, real-time updates, and easy-to-use interface. It automates financial tasks and integrates well with other systems. It also has strong security and compliance features.
Tandem HR is a great example of Sage Intacct’s success. They grew 35% and supported over 500 businesses. Before Sage Intacct, they used many systems and spent a lot of time on manual work.
“Sage Intacct has provided a single version of the truth, replacing financial data stuck in spreadsheets and different software packages for Tandem HR.”
With Sage Intacct, Tandem HR saved 500 hours a year. Their finance team now spends less time on manual tasks. They use Sage Intacct’s reports for better decision-making.
Sage Intacct keeps improving thanks to user feedback. It stays a top choice for financial management. Regular updates make it even better for users.
Sage Intacct for Growing Businesses
As businesses grow, their financial needs change. Sage Intacct is a cloud-based solution for these needs. It helps companies scale and make smart financial decisions.
Scalability and Customization Options
Sage Intacct is flexible and can handle multiple entities. It lets businesses grow and customize the software to fit their needs. This flexibility helps Sage Intacct keep up with growing companies.
Reports show Sage Intacct is great at keeping customers happy. Over 90% of users believe it has a bright future. This shows it’s good for businesses that are growing.
Integration with Other Business Software
Growing businesses use many software tools. Sage Intacct works well with these tools. It connects with CRM, payroll, and POS systems for better financial management.
| Integration Capability | Benefit |
|---|---|
| CRM Integration | Streamlines customer data and invoicing processes |
| Payroll Integration | Automates payroll tasks and ensures accurate financial reporting |
| POS Integration | Synchronizes sales data and simplifies revenue recognition |
Sage Intacct also works with many third-party solutions. This makes it a great choice for businesses using different software. It’s especially good for those looking for cloud-based solutions.
Implementation and Onboarding Process
Sage Intacct works closely with clients to find the right modules for their needs. The cost depends on the number and type of users. Sage Intacct partners with experienced companies for training and expertise.
Sage Intacct’s contract onboarding can cut manual implementation time in half. It allows for reporting on historical events like revenue recognition and expense amortization. This automation reduces errors and makes corrections easy.
Sage Intacct offers many resources for implementation and onboarding. These include:
- Sage University courses for comprehensive training
- Sage Community for knowledge sharing and collaboration
- Quarterly software updates for the latest features
- Group webinars for ongoing learning
- Basic support for any issues or questions
Sage Intacct’s process scales with growing businesses. It’s flexible and customizable, integrating well with other software. This makes financial management efficient and cohesive.
Access to user training means no need to reconnect with implementation partners when onboarding newly acquired companies, streamlining growth and expansion processes.
Sage Intacct offers top-notch support from product experts. Users can get a free consultation without any sales pitch. This helps them see if Sage Intacct is right for their organization.
User Interface and Ease of Use
Sage Intacct has a user-friendly interface that makes financial management easy for businesses. It’s a web-based app, so users can access it from any device with internet. This means no complicated installations or setups are needed.
This ease of use helps teams work together smoothly, no matter where they are.
The platform’s design is intuitive, making it easy to use without much training. Customizable dashboards give a personalized view of financial data and key performance indicators. Users can adjust these dashboards to fit their needs and preferences.
Web-Based Application Access
Sage Intacct’s web-based design offers many benefits. Users can access their financial data and perform important tasks from any web browser. This flexibility supports remote work and teamwork, no matter where team members are.
Being web-based also means users always get the latest features and updates. The platform is always being improved, without users needing to do anything. This saves IT costs and keeps businesses up-to-date with the latest financial tools.
Mobile Accessibility
Sage Intacct also offers mobile access for key features. Users can do things like approve transactions, view reports, and check dashboards from their mobile devices. This makes it easy for business leaders to stay informed and make decisions, even when they’re not at their desk.
| Feature | Availability |
|---|---|
| Multi-dimensional Analysis | Available |
| Automated Workflows | Available |
| Customizable Dashboards | Available |
| Role-based Permissions | Available |
| Collaborative Workspaces | Available |
The mobile app lets users dive deep into reports and journal entries. They can share this info via email, promoting teamwork and transparency. The app’s design makes it easy to access and use financial data, even when users are on the move.
Reporting and Analytics in Sage Intacct
Sage Intacct gives businesses deep insights into their finances. Its powerful reporting and analytics save time by automating data aggregation. This means no more manual data extraction.
Sage Data & Analytics is a key part of Sage Intacct. It offers pre-built data models and analytics to speed up data analysis. The platform includes thousands of hours of expertise in its data model, making data consolidation easier.
Customizable Dashboards
Sage Intacct’s dashboards offer real-time views of financial metrics. Users can analyze data in various ways. The platform also connects with leading CRMs, HRMs, and SaaS tools for a full data view.
| Feature | Rating |
|---|---|
| Expense Management | 4.5/5 |
| Financial Reporting | 4.8/5 |
| Budgeting | 4.6/5 |
| Project Tracking | 4.7/5 |
Real-Time Financial Insights
Sage Intacct’s tools provide real-time financial insights. Dashboards and reports make data management easy. Sage Data & Analytics offers training to help users get the most from their data.
Sage Intacct’s advanced features justify the cost. The ease of consolidating accounts and building custom reports is impressive.
Users love Sage Intacct’s reporting and analytics, giving it a score of 8.9/10. 88% would recommend it, and 100% plan to renew. The feedback is overwhelmingly positive, with 97% expressing positive sentiment.
Security and Compliance Features
Sage Intacct focuses on keeping your financial data safe and following the rules. It’s a cloud-based system that gets checked often for security. It meets high standards like SOC 1 Type II and ISO 27001, making sure your data is secure.
The system uses many layers to keep your data safe. It has things like strong passwords and multi-factor authentication. It also tracks who does what and when, so you can see all changes.
Sage Intacct uses smart tech to check data and catch mistakes. It makes sure transactions are approved correctly, following financial rules. Your data is encrypted and backed up safely, too.
“Sage Intacct’s security and compliance features have given us peace of mind, knowing that our financial data is protected and that we are meeting all the necessary regulatory requirements.” – Krista D., CFO
Sage Intacct has a team ready to handle security issues and alerts you to any problems. It’s trusted by many businesses, showing it’s reliable and safe.
Sage Intacct Review: A Comprehensive Look
In this Sage Intacct review, we explore its key features and benefits. We aim to help businesses see if it meets their needs. Sage Intacct stands out for its focus on compliance, accuracy, and automation, all in an easy-to-use interface.
One key feature is its shared chart of accounts. This helps manage data better across the organization. The cloud-based platform is accessible from anywhere with internet, perfect for remote or on-the-go teams.
Sage Intacct offers customization options and industry-specific modules. This lets businesses fit the software to their needs. However, the starting price of $2,510 per year or $210 per user per month can change based on several factors.
| Product | Rating | Price |
|---|---|---|
| Sage Intacct | 4.5 | $2,510/year |
| Oracle NetSuite OneWorld | 4.5 | Custom pricing |
| Sage 300 | 3.5 | $75/user/month |
Sage Intacct shines in reporting and real-time insights. It also integrates well with other business software. Yet, some might find the cost too high, and changes post-setup can be tricky. It also lacks in areas like manufacturing and HR management.
Sage Intacct is praised for its ease of use, shared chart of accounts, and cloud platform. It’s also known for its quarterly updates, reporting, and support.
Despite some drawbacks, Sage Intacct’s strengths in core financial management and scalability make it a top choice. It’s highly rated by G2 Crowd and Gartner, and customers are happy with it. Sage Intacct is a strong option for businesses looking for a cloud-based financial management solution.
Sage Intacct for Professional Services Firms
Professional services firms have unique financial management needs. They need a system that handles project-centric operations and complex billing. Sage Intacct is a cloud-based financial management system that meets these needs.
Billing and Invoicing Capabilities
Sage Intacct’s billing and invoicing tools help firms accurately track billable hours and costs. It supports various billing types, like time and materials, and fixed fees. This makes invoicing faster and more accurate for clients.
The system automates routine tasks. This reduces manual work and errors. It lets firms focus on quality services and cash flow.
Project Management Features
Sage Intacct also has project management tools. These help firms manage multiple projects at once. They can track milestones, budgets, and expenses in real-time.
| Key Project Management Features | Benefits |
|---|---|
| Real-time project tracking | Stay informed about project progress and identify potential issues early on |
| Resource allocation and management | Optimize team utilization and ensure projects are adequately staffed |
| Budget vs. actual comparisons | Monitor project profitability and make informed decisions to keep projects on track |
| Time and expense tracking | Accurately capture billable hours and expenses for precise invoicing and revenue recognition |
With Sage Intacct’s project management tools, firms get a full view of their projects. This helps them make better decisions and improve profitability.
The Role of Sage Intacct in Modern Finance
In today’s fast-changing business world, the CFO’s role is changing a lot. Modern finance leaders use technology and data to make better decisions and improve financial results. Sage Intacct, a top cloud financial management tool, helps CFOs adapt to these changes and handle modern finance challenges.
CFOs often struggle with finding time for strategic planning. A study found that 57% of CFOs spend less than a quarter of their time on planning. Sage Intacct automates key financial tasks, saving time and reducing errors. This lets finance teams work more efficiently, so CFOs can focus on important strategies.
Using data and analytics is key in modern finance. But, nearly two-thirds of CFOs say their finance teams aren’t proactive enough. Sage Intacct gives finance teams powerful reporting and dashboards. These tools provide quick insights into financial performance, helping CFOs make better decisions.
Sage Intacct also makes finance teams more agile. Its cloud architecture and real-time collaboration tools improve communication and work flow. The software’s AI and machine learning features automate tasks, freeing up time for more important work.
For professional services firms, Sage Intacct offers special solutions to improve finances and grow. Cherry Bekaert, a certified Sage Intacct partner, helps these firms with accounting expertise and customized setups. The software makes project management and billing easier, ensuring accurate financial tracking.
Sage Intacct does more than just manage finances. It helps CFOs become strategic leaders, using data to make informed decisions. By automating tasks, providing instant data, and enabling detailed analysis, Sage Intacct gives finance teams the tools to be proactive and adaptable in today’s fast-paced business world.
Conclusion
Sage Intacct is a top cloud financial management solution for growing businesses. It has received many positive reviews from G2, Gartner, and others. This shows it’s great for making financial processes smoother and helping businesses grow.
The software is easy to use and has strong accounting features. It also has advanced modules for different industries. This helps finance teams automate tasks and make better decisions with real-time data.
Customers have seen big improvements in their work. They can do payroll, invoices, and month-end closings faster. This lets them focus more on important business strategies.
Even though Sage Intacct might cost more upfront, the long-term benefits are worth it. It’s cloud-based, so it’s easy to access and scale. Plus, it works well with other apps. The customizable dashboards and reports help businesses track their performance and make smart choices.
In short, Sage Intacct is a great choice for businesses looking for a solid accounting solution. It’s designed to help businesses succeed in today’s fast-paced world.
FAQ
What is Sage Intacct?
Sage Intacct is a top cloud accounting solution for growing businesses. It has core financial management and advanced modules for specific needs. It also offers powerful reporting and analytics.
What are the key features of Sage Intacct?
Sage Intacct has an easy-to-use interface and a shared chart of accounts. It’s cloud-based and customizable. It also has industry-specific modules for various needs.
What are the advantages of using Sage Intacct?
Using Sage Intacct means focusing on compliance, accuracy, and automation. It has strong reporting and real-time insights. It also integrates well with other business software.
How much does Sage Intacct cost?
Sage Intacct’s cost varies based on users and add-ons. It’s priced like mid-market solutions but offers growth and unique modules. This makes it a good value for growing businesses.
How does Sage Intacct compare to other accounting software?
Sage Intacct is a top choice for growing SMBs. It’s a Leader on G2 Crowd and a Visionary by Gartner. Over 90% of users are confident in its growth potential.
Is Sage Intacct easy to use?
Yes, Sage Intacct is easy to use. It has a simple interface and is accessible via browser. You can also use it on mobile devices for basic functions.
What kind of reporting and analytics does Sage Intacct provide?
Sage Intacct’s reporting module aggregates data for quick analysis. It has customizable dashboards for real-time financial insights. This makes it easy to create reports and track performance.
Is Sage Intacct secure and compliant?
Yes, Sage Intacct is secure and scalable as a cloud solution. It’s endorsed by the AICPA and compliant with GAAP and HIPAA. It also has audit trail and strict user access controls.
How does Sage Intacct support professional services firms?
Sage Intacct supports professional services firms well. It has project-centric features, robust billing, and project management. It handles various billing scenarios and tracks time and projects.
How can Sage Intacct empower modern CFOs?
Sage Intacct empowers CFOs by automating processes and providing real-time data. It offers multidimensional analysis for deeper insights. Its cloud capabilities and customizable modules help finance teams stay proactive and adapt to trends.
