Great Product for SAAS Companies!
August 17, 2018

Great Product for SAAS Companies!

Summer Stone | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Sage Intacct

Sage Intacct is fantastic! We use it within accounting for all of our processes! One of the main problems it solves is revenue recognition. When I started at my organization, rev rec was done via Excel, we moved to using order entry in Intacct, and along with that came using their rev rec in the system. The system now posts it automatically. It is the easiest system I have ever used.

Pros

  • Ease of use!
  • There are multiple ways to enter A/R depending on your business needs. It really has something for everyone.
  • Sage Intacct is forward thinking. They are always looking ahead at changes and making improvements to their system.

Cons

  • Reporting
  • It would be nice if when applying payments, that if a customer only pays certain items that the payment was not disbursed through all the lines on an invoice.
  • The custom report writer is difficult to use. They have shown a new custom report writer at their past three conferences, but they still don't have it released yet.
  • Time savings - taking manual processes and making them automated in the system.
  • Reporting would be a negative to the ROI, it is a very manual process and difficult to set up.
  • Rev Rec in Order Entry is a positive to ROI. I do not have to think about it now, the system just does it.
Revenue Recognition has been transitioned from using excel spreadsheets to doing everything within Intacct. Our organization has greatly benefited from Intaccts automation especially in regards to accounts receivable. It took a manual process and completely transformed it. It saved time, and ultimately head count.
We are in the process of implementing the contract revenue module, and that will be a complete game changer for us. It will allow us to capture the new requirements for ASC 606.
We are in the process of implementing the integration between SF and Intacct, and I cannot wait until it is done! It will give our account managers insight into their customers that they do not have without asking now.
Sage Intacct has the SAAS market covered! They are forward thinkers in the industry. It is great that it is web based, so you do not have to be connected to a system to get your information as long as you have an internet connection, you can work!

Sage Intacct Feature Ratings

Accounts payable
9
Accounts receivable
9
Cash management
9
Bank reconciliation
9
Expense management
6
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
8
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Global Financial Support
Not Rated
Intercompany Accounting
Not Rated
Journals and Reconciliations
9
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
Inventory tracking
Not Rated
Location management
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
End-to-end order visibility
Not Rated
Reimbursement management
Not Rated
Dashboards
9
Standard reports
3
Custom reports
1
API for custom integration
Not Rated
Plug-ins
7
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated

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