What is Sage Intacct?
Sage Intacct is a powerful, cloud-based financial management solution designed to meet the needs of growing companies, including small to medium-sized businesses and larger organizations. Originally developed by Intacct Corp, it is now part of the Sage portfolio and is renowned for its advanced features and scalability.
Key Features and Functionality
Core Financial Management
Sage Intacct’s core module, Sage Intacct Core Financials, is the central component that manages key financial processes. This includes:
- General Ledger: Real-time posting and multi-dimensional data analysis.
- Accounts Receivable: Improves cash flow with automated invoice sending and multiple payment receipt options.
- Accounts Payable: Automates workflows, data entry, and integrates seamlessly with cash management.
- Cash Management: Provides real-time overview of cash activities across multiple locations and automates bank reconciliation.
- Order Management: Manages the entire order cycle, including automatic order creation from quotes and order document generation.
- Purchasing: Automates purchasing processes with real-time access to orders, delivery, and pricing.
Advanced Modules and Integrations
In addition to the core financials, Sage Intacct offers a range of advanced modules to extend its functionality:
- Inventory Management: Manages inventory levels, orders, and deliveries.
- Project Accounting: Handles project costing, billing, and time and expense management.
- Fixed Assets: Manages asset depreciation and tracking.
- Revenue Recognition: Effectively handles complex revenue recognition accounting and financial reporting.
- Spend Management: Automates and structures purchasing workflows.
- Multi-Entity and Global Consolidations: Manages multiple entities, locations, currencies, and departments, facilitating global consolidations.
Automation and Efficiency
Sage Intacct is known for its automation capabilities, which significantly reduce manual processes:
- Automated Workflows: Automates back-office accounting processes, such as data entry, approval alerts, and expense allocation.
- Workflow Automation: Streamlines accounting processes, reducing the time required for monthly close by up to 66%.
Reporting and Dashboards
The software provides robust reporting and dashboard features:
- Interactive KPI Dashboards: Offers over 150 pre-built reports and dashboards, with the ability to customize them according to specific requirements.
- Real-Time Data Analytics: Provides real-time financial insights through advanced dashboards and reporting, including budget vs. actual reporting and dimension-driven reporting.
Integration and Customization
Sage Intacct is highly customizable and scalable:
- Integration with Other Systems: Integrates with CRM systems like Salesforce, and offers APIs for custom integrations with other vital systems.
- Industry-Specific Solutions: Can be tailored for various industry verticals, including professional services, wholesale and distribution, not-for-profit, financial services, healthcare, and more.
Security and Accessibility
- Cloud-Based Access: Provides secure access to accounting data 24/7 from the cloud, with automated backups and robust security measures.
- Mobile Access: Allows users to access dashboards and reports while on the move.
Benefits
Sage Intacct offers several benefits that enhance business productivity and performance:
- Improved Productivity: Increases finance team productivity by 40% or more.
- Enhanced Decision-Making: Provides real-time financial insights and advanced analytics to improve decision-making.
- Cost Efficiency: Reduces IT costs by eliminating the need for expensive servers and reducing paper use.
- Scalability: Highly flexible, scalable, and configurable to meet the growing needs of businesses.
In summary, Sage Intacct is a comprehensive cloud-based financial management solution that automates and streamlines accounting processes, provides real-time financial insights, and offers extensive customization and integration capabilities, making it an ideal choice for growing companies.