The Total Guide to Sage Intacct Accounting Software
In this guide, we cover everything you need to know about Sage Intacct software including market-fit, pricing, features, and comparisons.
We’ve also paired this article with a free e-Book to help companies bridge the gap between their ERP and AP processes. Download “The Last Mile of Sage Intacct – Payables Transformation Strategies.”
What is Sage Intacct Accounting Software?
Sage Intacct true cloud ERP software includes accounting software and financial management products for core financials, dashboards and reporting, billing, budgeting and planning, and HR and people management. Its core financials include accounts payable, accounts receivable, cash management, general ledger, order management from quote to cash, and purchasing.
Sage Intacct is the only AICPA preferred financial management software for both CPA firms and corporations. Some reasons are: Sage Intacct dashboards and reports provide real-time financial management information. And Sage Intacct financial software handles AICPA accounting standards and increases efficiency.
The Sage Intacct accounting system streamlines accounting processes and speeds the financial close by up to 79%, saving time for the finance team to assist the CFO in more financial planning & analysis (FP&A). Sage Intacct is a complete financial management solution.
Sage Intacct integrates with many types of third-party add-on apps for different business applications, including Salesforce CRM and accounts payable automation software, extending its features and value.
Which Types of Businesses Use Sage Intacct?
Companies and organizations of all sizes use Sage Intacct ERP. Sage Intacct is the best core financials software for the lower midsize enterprise use case, according to the market and industry research company, Gartner. Startups can use Sage Intacct and scale up as their business grows. The Sage Intacct SaaS subscription billing model offers cash flow flexibility.
Sage Intacct is used by businesses in all industries, including:
- Accounting firms
- Construction & real estate
- Financial services
- Professional services
- Subscription & SaaS
- Wholesale distribution.
Companies needing automated revenue recognition for financial reporting, expense management, and project accounting and billing use Sage Intacct.
Sage Intacct is the next step for growth businesses migrating from QuickBooks to a robust cloud accounting software and ERP solution.
Companies looking for easy-to-use software with innovative features use Sage Intacct, and it provides high customer satisfaction.
How Much Does Sage Intacct Software Cost?
The cost of Sage Intacct Software is calculated by the number of users and the modules selected. The Sage Intacct cloud accounting and ERP software solution is available through a SaaS subscription billing model. Sage Intacct instructs potential customers evaluating its ERP system to request a custom quote that reflects their business needs.
How Does AP Automation Software Integration Work With Sage Intacct?
AP automation software uses an API (Application Program Interface) or flat file connection to Sage Intacct for seamless integration. A Sage Intacct login lets a user work with Sage Intacct and add-on SaaS accounts payable automation software. Tipalti has API integration with Sage Intacct. Tipalti makes supplier onboarding, accounts payable, and global mass payments efficient.
What Are The Primary Features and Advantages of Sage Intacct?
• Streamlines accounting and business processes, including purchasing
• Live dashboards and real-time reports with customization
• Innovative multi-dimensional general ledger for better financial information
• Handles revenue recognition accounting standards
• Multi-entity and global consolidations module
•Advanced time and expense management software modules
Sage Intacct automates back-office accounting processes, providing significant time savings by reducing manual processes. The user-friendly business intelligence dashboards and real-time reports give timely insights for improving analysis, decision-making, and business performance. For revenue management, Sage Intacct effectively handles complex revenue recognition accounting and financial reporting.
Sage Intacct handles multi-entity accounting, including global consolidations. Sage Intacct Dimensions simplifies the chart of accounts. Dimensions include time, general ledger account category, location, department, project, customer, vendor, employee, item/product, and class.
Time and expense management software features automate project accounting, project billing, and revenue recognition. Expense management and approval workflow tags items eligible for reimbursement.
How to Implement & Use Sage Intacct?
Use an experienced Sage Intacct consultant to implement the ERP system. Choices include Sage Intacct professional services, technical services, or third-party partner services. Strive for implementation in under 60 days. The Sage Intacct Training Center offers courses for the cloud financial management and accounting solution.
The Sage Intacct Resource Center includes centralized information about its Accounting & Financial Management, Budgeting & Planning, and HR & People Management software products. Sage Intacct support includes a Help Center and access to the Sage Intacct Community to find answers. Sage Intacct encourages participating in quarterly meetings of local user groups to share experiences.
Which ERP Systems are Comparable to Sage Intacct?
Like Sage Intacct, NetSuite, owned by Oracle, is a true cloud ERP system that covers a wide range of business functions and industries. Although it’s used mostly by medium-sized businesses, NetSuite is scalable for rapid growth businesses and can handle some large Fortune 500 companies. NetSuite also streamlines business processes. NetSuite is priced lower than high-end Oracle ERP, which serves the largest enterprise companies.
Unlike true cloud Sage Intacct, NAV offers a complete ERP solution with on-premises or private cloud. NAV was initially called Navision. NAV for on-premises and private cloud platforms was rebranded as Microsoft Business Central in 2018. Designed for a wide range of industries, NAV is liked by manufacturing and distribution companies because it has advanced production and inventory management features.
Microsoft Dynamics 365 Business Central
The cloud version of the Microsoft Dynamics NAV ERP system is offered as Microsoft Dynamics 365 Business Central, one of the Dynamics 365 product portfolio offerings. It has an advanced user interface and integrations with several other Microsoft products, providing better dashboards and business intelligence.
In its day, before acquired by Microsoft, Great Plains was one of the most popular on-premises ERP systems for small and medium-sized companies. It’s now offered as either cloud or on-premises software. Microsoft Dynamics GP is used in many industries. It has strong manufacturing industry capabilities.
Epicor ERP is used by small and mid-sized businesses, competing as a mid-range price ERP system. Epicor offers industry-specific software, including Industry 4.0, Industrial Internet of Things in its connected shop floor for manufacturers.
Tally ERP offers Tally ERP9, Tally Prime and Tally PrimeServer software. Tally can handle accounting and business process management for multiple companies and perform two-directional data syncing between company locations.
ALERE ERP software is used by companies with up to about 200 users in many industries, including manufacturing. ALERE modules include accounting, supply chain, MRP, analytics for business intelligence, and CRM.