Sage Intacct

We Enhancev use Sage Intacct. It is a web-based enterprise resource planning (ERP) solution that features the capability for managing accounts payable. Invoice processing, approval workflows, and payment processing are some of the functions that are available through it. A general ledger, accounts receivable management, and cash management are some of the additional functionalities included in this aspect of financial management. Sage Intacct can provide a comprehensive solution for financial management since it supports more than 350 third-party tools.

Our company has been using Sage Intacct for the last few years. It is very suitable for our midsize company. It provides many additional features on top of all the core financial management modules that our company needs.

Sage Intacct is an amazing software for our company SoftwareAdvice. I'd like to highlight a few notable features on how you can incorporate it in your business.

Key Features:

Suitable for small to mid-sized accounting firms.

Provide financial reporting, operational insights, automate critical financial processes.

Delivers general ledger, accounts payable, accounts receivable, cash management, and order management.

Built-in dashboards, real-time reporting, time and expense management, project accounting, revenue management.

Timing, data, and analysis are three crucial factors when it comes to wealth management. Keeping this in mind at Constant Delights, we have opted for Sage Intacct as our digital solution. The software focuses on the needs of financial professionals, on customer success, and commits to the cloud. It gives you access to features like accounts payable, bank reconciliation, budgeting and forecasting, fund accounting, project accounting, and inventory management.

Pros

Intacct is very responsive; you never have to wait longer than a few seconds for any sort of request on this software.

It is very easy to generate invoices and customize them.

You don’t need to have multiple financial statements in Excel. You can do it right in Sage Intacct.

Cons

Difficult to use for people with a poor accounting background.

Troubleshooting errors is a difficult task for this software.

Changes are made very often on the software. It takes time to get hold of new things every time.

While the software offers all the mandatory services one would look for, compromise on usability is unacceptable. The ease of use and the learning ability required to operate the software must be catered better. Once you get used to the software, it is one of the best options you have.

I had the pleasure of working with Misty B on a clients questions regarding their recent renewal, Misty was quick to answer and very friendly throughout our conversation.

Simply put, Intacct makes me better and more efficient in my role. Statistical accounts are a game changer! Customized dimensions allow me to create ministry reports for internal reporting with ease.

bring over 60% efficiency in accounts payable process and eliminates human error.

My experience with Intacct is that it is very reliable and there is very little (if any) downtime. I'm happy with the functionality and I find the UI to be very user friendly and intuitive. We integrated Intacct to Adaptive Insights and were really happy to have daily actuals integrated into our Adaptive planning system for real-time reporting. This was a huge plus for us!

Intacct has a lot of functionality for the business world and a lot of things can be done to achieve what is needed for your company. The company I work for has a couple of different entities that we keep the books for and we have clients that we keep the books for. We are able to do all of this in Intacct and keep everything separate. There are some aspects that do need improving though including: The account description is cut short when entering Journal entries. So, if you have Accrued Expenses, Accrued Interest, Accrued Indemnity...one would only be able to see the Accrued word and not the rest Purchasing Transactions do not have a "submit and new" button Deactivated cash accounts still show up on the bank register When emailing invoices, a distribution cannot be created for multiple recipients Standard Invoice Documents don't pull data from the customer fields as they should Credits do not populate on the payment screen as stand alone items. Instead you apply the credits without seeing the credits you are applying A trial balance cannot be run with multiple dimensions i.e. customer/class When going into a "receive payment" you cannot receive a payment on an account with a zero balance IT support uses a ticket system that they will close out if the user is still reviewing the item or is scheduling to view the item

We have had a lot of success with Intacct. The reports are customizable and there are many dimensions to report on so you can slice and dice the information in many different ways. We recently recapped with a PE firm and the system has been great through the transition.

Sage Intacct is a great accounting program. It is very well organized and user friendly. Thru an API, we are able to import large amounts of data to assist in our large number of monthly payables and receivables. Intacct has provided great financial reporting that has also assisted in our companies continued growth. I could not imagine using any other accounting software!