Sage Intacct is a cloud-based accounting software provider, offering a wide variety of applications designed for small- and medium-sized businesses (SMBs). The platform is capable of providing real-time operational and financial insights, as well as the ability to automate various important processes.
The cloud-based accounting platform delivers a wide array of key accounting solutions, including cash and order management, general ledger, accounts payable and accounts receivable. The software suite also comes with built-in user dashboards and reporting capabilities, as well as revenue management, time and expense management, multi-entity consolidations and project accounting.
Sage Intacct’s accounting system utilizes an open API structure, which allows it to integrate seamlessly with other third-party business and organizational applications such as payroll management software, point-of-sale (POS) systems and customer relationship management (CRM) solutions. This will essentially enable users to choose which applications they wish to implement into their business operations.
With the different products and solutions it offers, Sage Intacct effectively plays the role of a chief financial officer’s (CFO) primary tool for managing financial data, analysis and reports throughout their organization.
The platform allows you to minimize your dependence on spreadsheets and other similar applications, it lets you automate your most crucial processes and it provides you with valuable insights and greater visibility into your business status and performance.
Sage Intacct Features
Being a cloud-based accounting software solution, Sage Intacct users can access their accounts anywhere at any time, as long as a stable internet connection is available. With that said, the platform does not have a dedicated mobile application that allows users to access the platform using their mobile devices, unlike other products in the market.
However, there are many notable features that come with this accounting solution that businesses and organizations might be interested in.
Core financial components
This feature allows you to manage the majority of your core accounting processes, tasks and responsibilities. This module includes general ledger, cash management, accounts payable, accounts receivable, order management and purchasing.
General ledger – This will enable you to access reports and dashboards across a wide array of values and metrics. You can manage financials for different entities, access your accounting statements based on various accounting methods and accommodate many different currencies. You can also get insightful context on all your transactions, budgets and operational measures, as well as view in real-time your overall business performance.
Cash management – This will allow you to manage your business bank accounts across multiple locations. You can present transaction receipts and payments of all your savings and checking accounts, as well as credit card statements to various locations and entities. This will also enable you to transfer funds, perform automatic reconciliation and print checks.
Accounts payable – With this feature, you can efficiently keep track of and review reports, approvals, payments, vendor-aging reports, accounts payable liabilities and more with real-time function. You can also fully customize your internal control processes, approvals and key workflows.
Accounts receivable – This feature is what will enable you to properly manage all your incoming revenues through automation. You can automate processes including email invoices and offer more payment options to your customers. It also allows you to generate recurring invoices instantly, send out customer reminders/notifications and manage important documents for record-keeping purposes.
order management – This is the main feature of Sage Intacct that allows you to manage high-volume orders. It also lets you handle inventory and order processing challenges, as well as the various pricing structures. You may leverage a multichannel order management tool and configure the system to match your pricing requirements and workflow.
Purchasing – The purchasing feature utilizes automation to facilitate your workflows for purchase approvals, orders and requisitions. It allows you to connect directly to other Sage Intacct solutions like cash management, inventory and accounts payable to prevent, or at least reduce the occurrence of human errors in the purchase order process.
The tool also lets you view customizable and easy to understand dashboards that can help you make accurate purchase quote comparisons, spot price breaks, keep track of your budget performance and more.
Budgeting and financial planning
This is the module that gives you the ability to create and manage your company’s budgets and collaborate more effectively with other departments and teams within the organization.
Budget creation – With Sage Intacct’s budgeting and planning module, you and your team will be able to work together effectively to create reasonable budgets and update them whenever necessary. You will have the capability to create many different scenarios within a specific budget range, invite staff members to come up with or edit their existing budgets, gain valuable insights from what-if scenarios and set role-based access to secure budget information.
Financial planning – This is where you will be able to create your own model calculations like projected sales, cash flow and revenue recognition. You can make proper comparisons of various scenarios to help your team develop a more effective plan for your company’s financial stability and future.
Dashboards and reporting capabilities
This module gives you the ability to gain valuable insights and view statistical data in real-time regarding your business performance.
Sage Intacct Collaborate – This is a software solution that provides users with the ability to collaborate efficiently with other team members. It allows them to work together, make the appropriate decisions, expedite key processes, communicate better and connect the back office and the front office all within the platform.
Sage Intacct Dimensions – An inbuilt software solution designed to help you simplify your chart of accounts by leveraging dimensions. You can tag transactions with your created dimensions and utilize them for revenue management, payables and receivables, fixed assets, general ledger and more. You may also integrate with the platform’s reporting tools and use your dimensions to generate and filter reports.
Financial dashboards – You can fully customize your financial dashboards to suit your needs and preferences. You may utilize eight dimensions to put into context your operation measures, transactions and budgets.
Reports – You will have access to 150 inbuilt financial reports. You can create your own customized financial reports and generate a complete breakdown of those reports based on timeframe, entity, stakeholders and more.
Data tracking – You have the capability to effectively manage, track and compare all of your organization’s financial and operational data. You can leverage available data information sets in order to come up with important strategic decisions.
Sage Intacct Benefits
Sage Intacct offers a wide variety of benefits to SMBs and organizations looking to get greater insights into their financial accounts and revenues. The following are some of the more notable benefits you might be able to appreciate as a small business owner:
Scalability in costs
Sage Intacct comes with optional features that will allow you to scale the cloud-based accounting solution to match your needs and your budget. The vendor provides an interactive demo and a webinar introduction that will give a better understanding of how the solution can work for you in a more cost-effective manner. The 30-day online demo should help you determine whether the software is the right fit for your business. Sage Intacct supports MacOS X, Windows and Linux operating systems.
Custom built-in reporting
Sage Intacct is equipped out-of-the-box with customizable report templates. You can use the available balance sheets to efficiently track sales and assess business performance. Reports can be further simplified according to the unique specifications of the presentation. This will allow the audience who may not be familiar with the accounting aspect of the business to fully digest and comprehend the data being presented to them.
The cloud-based accounting platform is equipped with a variety of graphs, charts and dashboards relevant to standard financial reporting, which should be simple enough for any layperson to understand. Key computations may be configured and customized to calculate for commissions, returns and KPIs directly into the system, thus eliminating the need to perform manual, error-prone calculations on basic applications like Microsoft Excel.
Robust core accounting capabilities
Sage Intacct’s General Ledger feature allows for a more efficient and less time-consuming data entry process, all the while reducing the occurrence of man-made errors in financial reports. Businesses and organizations that need a more consistent and precise project accounting can rely on the platform’s ability to minimize revenue leaks and strengthen control over basic expenses and profit margins. This can be leveraged to come up with more accurate and reliable projections.
As far as enhancing productivity is concerned, the cloud-based accounting software provides efficient multi-currency management solutions. The module is designed to help alleviate the stress and challenges of computing for currency disparities in different regions, from small-scale transactions, like vendor management, to highly sophisticated global transactions.
Fast and secure processing
Sage Intacct is also designed to facilitate the thorough processing of bills and credit card usage. The cloud-based software is capable of working in conjunction with eCommerce websites and services, especially when it comes to web-based services and expenditures. This is achieved through Sage Intacct’s ability to provide a more streamlined process and a secure platform. Purchase orders can be easily customized to meet the standards and the structure of your organization.
Sage Intacct Pricing
Sage Intacct offers a business-specific customizable pricing plan. This means there is no one-size-fits-all pricing package available as prices are based on the customer’s unique needs and preferences. You may contact the vendor directly or visit the Sage Intacct official website to submit a request for a product demo and your own custom pricing plan.
Conclusion
Sage Intacct is a comprehensive cloud-based accounting platform that provides enterprise-level accounting solutions. It is a well-designed, balanced platform with all the features and capabilities you need to handle your company’s accounting needs. It is user-friendly, highly customizable and scalable, as well as reasonably priced. This is an accounting solution worth checking out if you’re in the market for such a software category.
