Sage Group Buys Intacct Accounting Software For $850m

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Sage Group Buys Intacct Accounting Software For $850m

intacct accounting software

Many users will be able to simply follow this flowchart and accomplish all necessary tasks in order. Intacct is enterprise-class general ledger accounting software with a well-designed balance between utility and ease-of-use. If you buy through affiliate links, we may earn commissions, which help support our testing.

Keep in mind, however, that the other general ledger apps reviewed in this roundup do pretty much the same thing, even if the segments are numbers and not labels. While Intacct is multidimensional, so are all of the others, regardless of the underlying database. Be it Microsoft SQL Server, SAP HANA, or Oracle, all are relational databases and can reorient their order on specified fields. That being said, Intacct’s approach is novel and I like it a lot.

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Businesses that operate globally could also benefit from its multi-currency feature. This way, you are not only saving client information but you could also assign currencies accordingly. Intacct allows you to set controls or access for each user. Product name, logo, brands, and other trademarks featured or referred to within our site are the property of their respective trademark holders.

Sage Intacct cloud financial management solution manages all core financials and provides professional services to help implement Sage Intacct software. Intacct was founded in 1999 and was one of the first web-based, cloud accounting products available for the SMB market. It allows integration of third-party software such as Salesforce, Certify, ADP, SAP Concur and others. Intacct is a cloud-based financial accounting software system with a broad set of functionality for small to mid-sized businesses.

The General Ledger reporting function is very helpful and easy to use as well. Intacct does save me significant time and effort in my everyday tasks compared with our older software.

The overall structure of the software is practical but can use some polishing. Like that I can save the submissions as drafts, attach documents, have detailed description of entries within the time sheet. Bank reconciliation is a breeze and editing items are simple. The Cash Management module is not robust enough to be able to get detailed GL reports out and can be a little cumbersome to learn.

Many late-stage enterprise software startups have been going the IPO route, but large acquisitions in the space will also help the valuations of comparable companies. Leaving Money on the Table – Tracking 280E expenses for painless year-ends and lower tax burdens shouldn’t be hard, right?

Best of all, you gain new insight into the financial and operational performance of your growing healthcare organization. We will become a vested partner available to support your lease management needs. Providers are able to create automated budget approval processes via integration with payroll software, patient billing systems, etc.

intacct accounting software

By implementing Sage Intacct, you’ll benefit from using our best practice financial templates, benchmarking dashboards, and automated business processes. Get a fully integrated financial management and accounting system in the cloud. CLA is your experienced source for Sage Intacct software and its implementation to transform your business with comprehensive functionality — from core accounting to global financial management. BigTime is the leading professional services automation software behind the greatest consulting teams on the planet.

Our Solutions

Create a seamless inventory process–from requesting quotes from vendors and receiving merchandise into your warehouse, to invoicing customers. General Ledger is the cornerstone of the Financial Management system. General Ledger streamlines data entry, accelerates your financial close through automation, increases the accuracy of financial reporting and reduces the burden of compliances.

I will never put my trust in any other program but Intacct for my business needs. I have implemented Intacct at two companies now in very different lines of business. Intacct has been able to meet the needs and size of both companies.

Leverage real-time consolidated financials, anywhere, anytime. Securely review your consolidated financial information, in real time, wherever and whenever you want. Gain greater visibility into your global finances, with advanced reporting capabilities that provide a consolidated, real-time view of data at both the global and local levels. Advanced dashboards including graphical organizational maps and real-time global and local KPIs help you make better strategic business decisions. Provides sophisticated support for multi-entity organizations, allowing each entity, franchise or subsidiary to use its own chart of accounts, taxation rules and reporting requirements.

“We now have a single chart of accounts and consolidated financials, which has allowed us to virtually eliminate manual processing of financial data outside the application.” Sage Intacct integrates disparate data from multiple systems, eliminates painful spreadsheet-based financial consolidation processes, and accelerates monthly closes.

About Sage Intacct

The module comes with a wide range of standard reports and dashboards, and the ability to create your own customised reports. Automate even the most complex quote-to-cash processes so you can handle higher order volumes, sophisticated workflows, and complex pricing structures. At the centre of Sage Intacct is Core Financials, this is the cornerstone of the accounts system, and contains all the key accounting ledgers that all other modules and financial transactions feed into. Sage Intacct software goes much further than just managing accounts payable, accounts receivables, cash management, nominal ledger, order management and purchasing found in the Sage Intacct Core Financials Module. Sage Intacct delivers secure cloud-based accounting that gives you better financial transparency and is the preferred choice of the AICPA.

The first is, the reseller/partner does the hard work in selling you on the app, and then providing the lion’s share of support over the long haul. One major advantage of a SaaS app is that a true cloud-based app is accessible through a web browser. That, in turn, usually means the app can be easily accessed by mobile devices smart enough to support one of the popular web browser platforms. For its part, Intacct supports Chrome, Firefox, Internet Explorer, and Safari.

Credits that were given after closing utilities accounts and not able to apply to next invoice. I can usually find my way through reports and pages without having to use a manual or call support. There are always updates done on the program so it’s always running at its best. There are many customizable reports for all different needs and all members of the company. The open platform allows us to choose best in breed solutions across the company and then integrate it all together to reflect financials and reporting. Ability to run our accounting processes with an easy to maintain product. The flexibility of the software has to be its greatest strength.

intacct accounting software

BigTime is committed to helping clients run professional services firms more efficiently, unlocking potential revenue and improving profitability within the knowledge economy. Project Accounting software provides comprehensive capabilities to unify, automate, and streamline the financial and operational processes throughout the services delivery lifecycle.

There typically are add-ons for multicurrency and ecommerce support, sales tax calculations, credit card payment processing, balance sheet tracking, and bank feeds. Intacct has been a great cloud-based solution for our company. With Intacct, we have streamlined our accounting-close process, developed enhanced normal balance decision-making capabilities, and curtailed staffing costs as our company has experienced tremendous growth. The accounting-close process has been streamlined as both the consolidation process and large accounting journal entries such as depreciation, payroll and inventory take much less time to complete.

Manage items by defining which product lines they belong to, the cost method to use for cost-of-goods calculations, which vendors supply the item, and the economic reorder quantity for each vendor. Track multiple vendors per inventory item, along with reorder levels, quantities and costs using multiple cost-evaluation methods. Stay up to date on kit status using kit analysis reports. Optimize inventory levels for each warehouse using the inventory reorder report. Make informed sourcing decisions by identifying inventory trends using the inventory valuation report. Streamline Data Entry – Create simple transaction templates so non-accounting users can enter general ledger transactions without navigating the intricacies of account numbers, departments and locations. Comply with Regulations and Standards – Sage Intacct is certified by nationally recognized auditing firms as GAAP, Sarbanes-Oxley, FASB, IASB and IFRS compliant.

The software offers many more versions of reports than was available with our prior legacy system. One major problem with some accounting softwares is that the reports needed to perform analysis, checks, etc. are unavailable. Intacct’s wide report customization is a great solution to this that has resulted in an overall positive experience with the software. Sage Intacct partners with more than 200 software solution providers to give you the best functionality to meet your company needs. You can now run your business the way you want using the best solutions on the market.

  • As your partner, we evaluate your unique business processes and current systems, then identify and apply the most effective solutions.
  • If you want/need to add a location or department, it can’t be done.
  • Don’t really care for last quarter or previous month or anything like that.
  • All of the apps in the small to midsize enterprise market segment can do this, but none of the others make it quite so easy.
  • Each member firm within the Nexia International network is a separate legal entity.
  • Intacct’s statistical accounts make the marriage of operational and financial data very seamless.

We have been able to streamline and sync the accounting records and processes of several sister organizations to since we began to use Sage Intacct. This has enabled comparison of financial records, effective communication within the accounting software and consistency among several organizations. Initial setup was led by a less experienced implementation specialist which led to difficulties as we began to review and create custom reports accurately. Learn how thousands of businesses like yours are using Sage solutions to enhance productivity, save time and drive revenue growth. Sage Intacct is hosted in the Cloud so your business does not need to worry about investing in infrastructure and database software.

Mobile applications are gaining popularity across the board, and accounting is no exception. Check to see how each vendor is innovating on this front and ensure their mobile app is compatible with the Android or iOS devices you use. Learn about the key aspects of accurate software pricing before you make your purchase decision. This is the more traditional Online Accounting model and is most common with on-premise applications and with larger businesses. Having multiple locations, it can be very time consuming to do certain tasks. For example, cutting checks, we have to go into each individual location to select the checks. Tracking an item through from the cash register to the point of entry is difficult.

The 25-page e-book reveals detailed results, “best in class” statistics, success stories, and future technology that can help you streamline your close process. Learn how Sage Intacct Construction’s multi-entity consolidation can reduce your time to close and provide real-time information. Uninterrupted, intacct accounting software real-time tracking and reporting of multiple locations and entities with multi-currency. Native cloud technology with real-time visibility, open API, AICPA preferred. In just fifteen minutes, the experts at Software Advice can help you narrow down the right software for your organization.

Author: Stephen L Nelson

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