Great for Companies with Mutiple Entities
Updated October 20, 2020

Great for Companies with Mutiple Entities

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

Overall Satisfaction with Sage Intacct

Sage Intacct is used for our entire organization. We have several entities set up within our management console for the entities that we manage. Intacct has given us the opportunity to produce financials for 8 entities each month and allows us to roll up data for our corporate review easily without manually combining it.

Pros

  • Ability to edit Journal Entries without making a correction JE during an open period. Alleviates the issue of having multiple debits and credits for a transaction.
  • Ability to customize all reports to fit your needs.
  • Ability to role up financial data for different sets of financials to a combined summary. You can pick and choose which entities to include.

Cons

  • Inter-company transactions without using the top level would be beneficial for split out invoices with third-party vendor - Bill.com.
  • Ability to "talk" with our other software - Paycor and PointClickCare for payroll and AR/Revenue.
  • Would like to see some sort of Missing AP report where monthly recurring vendors are cross checked for entry. If they are missing a report to download that would show us without manually reviewing the financial report.
  • We are able to cut down our month end close process by 2 business days.
  • It has allowed us to side by side compare our multiple entities and find cost savings by seeing our winners and who needs improvement. Approx. $6k a month in our Oxygen Bills alone by see each of our entities vendors and pricing them out.
  • Special Ad Hoc projects for the team have been reduced by several man hours by the ability to create custom reports to meet the needs of requests.
It's the easiest software I have ever used and trained on. It is intuitive and is not cluttered. I use it daily without any down time and it allows for us to close 2-3 business days faster than other software. We continue to get great reporting out of this software.
It is rare that I find the need to contact Sage Intacct support since the training during implementation was so detailed. The 1-2 times that I have needed to contact them they are fast to reply and understand the questions with ease and resolve the issue in a timely manner.

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

Yes our organization has benefited from automation of the Accounts Payable process. We are able to cut checks weekly within a matter of minutes. We are able to make ACH payments that cuts down on costs of mailing checks. We are able to duplicate general ledger journal entries each month and set up recurring entries with reduces the hours needed to create standard JEs. We are also about to track Statistical Journal Entries for the # of residents that we housed in a month by Payor Source which is necessary for our report and calculations.
Our company has multiple entities. Intacct has allowed us to produce financials for these individually as well as dice and slice combined entities from the management console. It allows us to compare like entities. We are able to compare on the financials our actual expenses vs our budget both by actual dollars and other key metrics needed in our industry.
Sage Intacct is much more user friendly and geared to our industry. It talks with our other softwares which allows us to use the best of each module and link it to Sage Intacct. The implementation was much more detailed than the others. It allows for custom reporting that you can do yourself.
Sage Intacct is great for medium sized companies with multiple entities. It allows the company to have a smaller team and produce more results. It may be less appropriate for small companies with 1 entity and lots of users. The user license fees can add up annually and the 1 management console entity is most expensive. When you begin to add multiple entities you see the price decrease.

Sage Intacct Feature Ratings

Accounts payable
10
Cash management
10
Bank reconciliation
10
Expense management
10
Time tracking
10
Multi-division support
10
Intercompany Accounting
5
Journals and Reconciliations
10
Enterprise Accounting
10
Configurable Accounting
10
Standardized Processes
10
Dashboards
10
Standard reports
10
Custom reports
10
API for custom integration
10
Plug-ins
10
Role-based user permissions
10
Single sign-on capability
10

COVID-19 Updates & Changes

Integration through third-party Armanino was very easy. They are all hands on deck and ready to answer questions and find your solutions. They can assist with getting everything in to get started and have great check systems to make sure everything ties out. They will even assist with building your financial report packet and train you on this.
I am been able to work from home for years thanks to Intacct so COVID did not have a huge impact on our accounting teams current processes.

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