Sage Intacct - A Flexible, Robust ERM Solution
Updated June 07, 2024
Sage Intacct - A Flexible, Robust ERM Solution
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Sage Intacct
Our accounting department uses Sage Intacct for a wide variety of ERM functions including general ledger, accounts payable, and bank reconciliation. Intacct also provides us with tools that help address internal controls and allows lighter users a read-only view of our accounting system, which is useful for executive users and auditors alike. Intacct's reporting function is quite robust and allows us to create financials that match our unique needs in the highly regulated insurance industry. Additionally, budgeting and budget reports are pretty intuitive using Intacct's ability to incorporate multiple dimensions. Sage Intacct has provided us with a much more efficient ERM package than our previous solution.
Pros
- Flexibility - Sage Intacct provides us with a wide variety of user-friendly ERM functions.
- Reporting - Sage Intacct uses several dimensions that, combined with a robust reporting tool, make reports usable . That's a rarity in ERM.
- Security - Sage Intacct has a security function that is easily customized and allows flexibility for company size when it comes to controls, authorizations, etc.
- Imaging - Sage Intacct makes it easy to tie transactions to invoices, emails, and any other document you want. This would normally be handled by a separate tool, but Intacct makes attaching images seamless.
Cons
- Vendors - Adding vendors is easy. However, separation of controls is a little sticky in this area. We'd like to be able to restrict our users' ability to add/edit vendors and create payments to them. Vendor approvals would help us mitigate this problem.
- Corrections - making errors in an ERM system is inevitable. Most of the time Sage Intacct allows us to reverse mistakes, but not everywhere.
- Interface - most of the UI is smooth and easy to understand. There are a few locations that looks different, which creates a bit of a choppy experience.
- Reporting - we are able to use Intacct's reports for our monthly financial statement publication. It also provides flexibility for ad hoc reports that assist management in reviewing and making business decisions.
- Intacct is a cost effective ERM solution that has saved us countless hours from the prior system.
- Intacct's controls are quite effective for our small accounting group. Not all options in this space are as effective at presenting solutions and reporting that enhance internal controls.
It allows us to import files for GL, cash management, AP, AR and so on. This allows us to have the benefits and flexibility of recording transactions in Excel and still being able to easily get that data into Intacct.
We do use multi-entity functionality, which makes it particularly easy to move from one company to another. Running trial balances and reports is ideal in Intacct.
Net Suite was the other product I evaluated when deciding on an ERM solution. By comparison, the two products are pretty competitive in usability and price.
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?
Yes
Would you buy Sage Intacct again?
Yes
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