Intacct is Useful for Multi-Entity consolidations
Updated October 20, 2020

Intacct is Useful for Multi-Entity consolidations

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Sage Intacct

We currently use Intacct to assist us with the financial managing of our multi-entity company. It is being utilized specifically by our accounting team, but the reports it generates are used throughout the entire organization. It was our first choice when switching over from QuickBooks to help us with consolidating our financials. It now syncs with a variety of other systems to merge financial and operational data.

Pros

  • Recurring Journal Entries
  • Consolidations
  • Integrate with some well known and very useful third party software

Cons

  • Intacct had difficulty understanding our complex business structure so we had trouble integrating.
  • Intacct could improve their reporting interface. For example, if there are thousands of reports created, you will have to scroll through them or know how to filter them.
  • The document management system within intacct exists, but is not structured in a way that would be useful unless they are attached to specific transactions.
  • It was our first choice when moving to consolidations
  • It has allowed us to create automated entries speeding up our processes
  • It has the functions to provide us with our investor reporting obligations
It is easy to look up any transactional data and navigate the system.
We use an intacct partner to provide us support and they are amazing

Do you think Sage Intacct delivers good value for the price?

Yes

Are you happy with Sage Intacct's feature set?

Yes

Did Sage Intacct live up to sales and marketing promises?

Yes

Did implementation of Sage Intacct go as expected?

No

Would you buy Sage Intacct again?

Yes

We selected Intacct namely for its ability to do consolidations. We had a vision for what Intacct could do for us and while we may have experienced a rough start setting it up and transferring our data over, once it was set up, it has been very useful in meeting all of our company's accounting and reporting needs.
Intacct is well suited for multi-entity companies.

Sage Intacct Feature Ratings

9.8
Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
Not Rated
Time tracking
Not Rated
Fixed asset management
9
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Global Financial Support
Not Rated
Intercompany Accounting
Not Rated
Journals and Reconciliations
Not Rated
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
Not Rated
Inventory tracking
Not Rated
Location management
Not Rated
7.0
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
End-to-end order visibility
7
Not Rated
Reimbursement management
Not Rated
9.7
Dashboards
9
Standard reports
10
Custom reports
10
8.5
API for custom integration
8
Plug-ins
9
10.0
Role-based user permissions
10
Single sign-on capability
Not Rated

COVID-19 Updates & Changes

Using Sage Intacct

Evaluating Sage Intacct and Competitors

Yes - Quickbooks
  • Price
  • Product Usability
  • Product Reputation
  • Vendor Reputation
Executives didn't investigate other products, but based their decision on promises.
I wouldn't have changed it at all with regards to Sage Intacct. I would have changed many other solutions to be solutions that already had direct integrations with Sage Intacct.

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