Solves problems you didn’t even know you had!

Currently our accounting dept uses Intacct for all normal accounting functions. In addition we have several managers in other departments access to dashboards and select sections of the software to monitor their budget spending.

We use Bill.com to integrate with Intacct for our AP processes. Having this software connect directly to our accounting software saves our manager so much time and money in the invoice approval process.

We have consolidated companies and being able to see the top level financials instantly and make entries at the top level is so helpful! It saves a ton of time each month.

The Intacct implementation wasn't what I would call easy, but it wasn't unduly difficult either. Like any good implementation, you have to spend the time thinking through your set-up and other changes that will happen once you switch. But once we had thought through all those ramifications, the actual set-up process itself was very easy.

1) Saves time - no more creating the same Excel reports over and over each month. All our primary financial information is available in real time at the push of a button.
2) Allows the entire accounting department to work remotely, saving commute time & child care costs for employees and office space for the business.
3) More accuracy - because we aren't creating multiple Excel reports the chance of human error is more limited.

We have dashboards for all our key managers for everything from equine sales results to event planning budgets. These are referenced daily by our staff and have cut down on repeated questions to the accounting department. Its made accounting information more self-service, if you will.

This makes a HUGE difference for us. We have 4 companies and the monthly consolidations used to be manual with lots of entries back and forth between the companies. Now, we just make intercompany entries in the consolidated company and the entries show up in the correct set of books.

Our mission is to raise the best thoroughbred horses in the world. To do that, we do a lot of data analysis. By removing a lot of the rote accounting work that was taking up lots of time, its freed up our top level accountants and other managers to be able to use their time for work that better serves the organization as a whole rather than cranking out reports that are outdated by the time they are completed.

Our growth and success really isn't a direct result of using Intacct - more of an indirect benefit. But, because we do use Intacct, we spend less time doing rote accounting work and more of our time advising our management team and doing other work that directly benefits the company and helps contribute to our overall success.

We are privately held so this isn't a concern for us. I can see how Intacct would be extremely helpful with the reporting that goes along with the new requirements however.

Our close went from almost 7 days before Intacct to less than 3 days for a complete financial close. We do a complete close quarterly and a soft close monthly. Our soft close went from several days to around 4 hours.

We have not yet integrated with SalesForce but are in process. Very excited to see how this turns out

If we hadn't switched to Intacct when we did, our accounting processes would be a disaster right now. When we went home at the beginning of lockdown, all I did was literally bring home my computer and monitor and start working just like I do when I'm in the office. The process of moving our accounting department remote went so smoothly that we've decided to make it permanent. All three accountants now work primarily from home (we do have 1 in-office day each to cover paper check cutting, petty cash requests, face-time, etc). This allowed us to completely close one office location and use that space for other business processes. And it cut my commute down from 2 hours per day to less than 5 minutes!

I wouldn't change the selection process at all but I would change a few things on implementation now that I know the software better. I think I could have done a better job implementing it.

Yes - as a general rule, you can quickly learn this product after a short tutorial. The training was more helpful in that it showed us what could be done with the software. The "how" was easily learned.

Advance planning is key!

Nothing else to add!

Right now - we reported a bug in the most recent update and they've done a great job of researching it and helping us get it fixed.

Cost of product, cost of implementation

Be very clear about how much work you do or don't want to do with the implementation. In my case, I wanted to have a lot of hands-on work during the implementation so I would be ready to maintain the system after implementation was over. After the engineer and I got that squared away, we had a great working relationship.

Plan your integration thoroughly beforehand and you'll be successful