The Total Guide to Sage Intacct Accounting Software
Our guide covers everything you need to know about Sage Intacct, including integration, market fit, pricing, features, and comparisons. Access our free e-book to learn more about automating accounts payable and global mass payments with Sage Intacct.
What is Sage Intacct?
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. It is HIPAA-compliant with an advanced audit trail.
The Sage Intacct accounting system streamlines accounting processes by up to 79%and speeds the financial close, 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.
Features
Key Features and Benefits of Sage Intacct
Sage Intacct accounting software has these key features and benefits.
Streamlines accounting and business processes, including purchasing
Sage Intacct automates back-office accounting processes, providing significant time savings by reducing manual processes. Third-party add-on software digitizes and automates accounts payable and supplier invoice processing through global payment and real-time reconciliation.
Live dashboards and real-time reports with customization
The user-friendly business intelligence dashboards and real-time reports give timely insights for improving analysis, decision-making, and business performance.
Innovative multi-dimensional general ledger for better financial information
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.
Handles revenue recognition accounting standards
For revenue management, Sage Intacct effectively handles complex revenue recognition accounting and financial reporting.
Multi-entity and global consolidations module
Sage Intacct handles multi-entity accounting, including global consolidations.
Advanced time and expense management software modules
Time and expense management software features automate project accounting, project billing, and revenue recognition. Expense management and approval workflow tags items eligible for reimbursement.
Modules
Sage Intacct Modules
Sage ERP modules vary for each Sage ERP product. They include these general functions.
Sage Intacct Planning
The Sage Intacct Planning module is used for budgeting, with driver-based planning models, rolling forecasts, what-if scenarios, and budget-sharing features for collaboration.
Interactive Visual Explorer
For analytics, Interactive Visual Explorer includes a real-time dashboard and multi-dimensional and multi-angle analysis of financial data. Users have a choice of over 25 visualization types and 200+ prebuilt visualizations and can customize visualizations. This module provides predictive analytic insights.
Payroll and HR
Sage People includes AI-driven talent acquisition and onboarding, human resources management, attendance and leave, training and performance management, payroll, and analytics with dashboards.
Sage Intacct SaaS Intelligence
The Sage Intacct SaaS Intelligence product lets companies with a SaaS business model view real-time dashboards with many key metrics for results and customer retention, including ARR (annual recurring revenue), NDR (net dollar retention), Churn, and Cash. It includes over 200 investor metrics, and 300+ subscription, usage, and project billing scenarios with revenue recognition.
Control Insights for Sage Intacct
Control Insights is multi-entity financial controls compliance software with a dashboard to assess and report key control indicators.
Digitally Transform Sage Intacct Accounts Payable
Learn how to bridge the gap between accounting software and AP processes with add-on Tipalti AP automation software for Sage Intacct.
Industries
Industries Using 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
Tech companies
Construction
Real estate
Financial services
Franchise
Healthcare
Hospitality
Non-profits
Education
Professional services
Subscription and SaaS
Retail & eCommerce
Manufacturing
Wholesale distribution
Companies needing automated revenue recognition for financial reporting, expense management, and project accounting and billing use Sage Intacct.
Sage Intacct offers industry solutions, including Sage Intacct Construction for project accounting and financial management and Sage Intacct Real Estate for property management, and Distribution & Manufacturing Operations for manufacturers and distribution companies.
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.
Implementation
How to Implement and 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.
Step 1
Implementation team
Select the multi-functional employee implementation team, including a team leader. Also, select a Sage Intacct consultant to advise the team.
Step 2
Planning
Collaboratively set implementation project goals, milestones, and deadlines, and task assignments. Also, select third-party software integrations to use with Sage Intacct.
Step 3
Training
Train team members and functional users on how to use Sage Intacct accounting software and any optional modules and add-ons selected. Consider attending user group meetings.
Step 4
Data migration
If migrating from a different accounting system, clean and migrate data to Sage Intacct.
Step 5
Testing and going live
Test Sage Intacct for proper functionality, then go live.
Step 6
Post-implementation review
Gather input from the team to write a report covering the strengths and weaknesses of the Sage Intacct software implementation project and opportunities for improvement in future software implementations.
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.
Tipalti AP automation features include:
- Self-service supplier onboarding with tax form collection and selection of preferred payment method
- Supplier validation, including TIN (taxpayer ID number) matching
- Digital capture of invoice headings and line items with OCR/AI technologies
- Automated invoice processing to replace manual data entry and paper systems
- Automated 3-way or 2-way matching
- Automated general ledger account coding with AI
- Detecting and flagging exceptions with 26,000+ rules to reduce errors and duplicate invoice payments
- Automated global regulatory compliance for payments, including OFAC/SDN blacklist screening
- Automated invoice approval routing and communications
- Global payments to 196 countries in 120 currencies, with selected payment method
- Real-time payment reconciliation, with data sync to the general ledger
- Spend visibility and Ask Tipalti AI℠ queries for business intelligence
- Simple tax compliance reporting or optional eFiling of 1099-MISC and 1099-NEC with a subscription to partnered Zendesk Tax 1099 software and 12 calendar months of integrated Tipalti supplier payments data
- Automated invoice payment status and history through the Supplier Hub and notifications
- Multi-entity with Sage Intacct functionality
Tipalti offers a unified financial automation software platform and a corporate card.
Other Tipalti products besides AP automation include:
- Mass payments
- Advanced FX solutions
- Expenses
- Procurement
- Tipalti Card
The mass payments software product provides payment automation for making payouts to freelancers, creatives, streamers, ad networks, influencers, and affiliate partners. Tipalti mass payments software integrates with some performance marketing systems.
Tipalti’s advanced FX solutions include the Multi-FX and FX Hedging products for payables. These FX solutions work with Tipalti AP automation and mass payments software products. With Multi-FX, which supports 30 currencies, businesses can make centralized global payments for all subsidiaries through a virtual network system. FX Hedging enables Tipalti AP automation users to lock in foreign exchange rates between invoice receipt and the payment due date.
Expenses software is used for automated employee expense claim submission using photo receipts capture and approval through a mobile app. Tipalti Expenses integrates and combines with Tipalti AP automation software to make global reimbursement payments to employees.
Tipalti Procurement is an automated solution for employee purchase requisition intake, PR review and approval, and automatic PO creation from approved PRs. It includes a document repository for contracts and other purchase-related documents.
Tipalti Card is a corporate spending card for approved Tipalti software user companies to control employee non-PO expenses.
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Sage Intacct FAQs
What is Sage Intaact used for?
Sage Intacct is multi-entity, cloud accounting, budgeting, and financial management software. Sage Intacct handles purchase orders, sales orders, inventory, fulfillment, and multi-dimensional financial reporting. It includes real-time dashboards for business intelligence.
What’s the difference between Sage and Intacct?
Sage ERP and accounting software consists of different on-premises and cloud products for SMBs. Sage Intacct is modern cloud accounting software for small businesses and medium-sized companies.
Is Intacct similar to QuickBooks?
Sage Intacct is similar to QuickBooks Online because both are cloud software products for smaller companies and some mid-market companies. Sage Intacct has more robust features. Both software products work with third-party add-on software integrations.
