Intacct, a flexible accounting system to meet your needs
November 12, 2019

Intacct, a flexible accounting system to meet your needs

Craig Camp | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Sage Intacct

It is being used across the entire consolidated group (7 companies) and is our main accounting system handling general ledger, payables and receivables. It also interfaces with our CRM.

Pros

  • Extremely flexible and can handle virtually any industry, which is a huge plus if you have multiple industries in your consolidated group.
  • Interfaces well with a wide variety of other systems, such as Salesforce, and there are a large variety of third party apps available to enhance the system.
  • It can handle consolidations, including multiple levels, something that most systems in this price range cannot do.

Cons

  • Report writer, it is still too complicated to use, requiring a specialist to create reports.
  • Automating payables, there are a number of third-party add ons for this, but I would like to see this functionality built into Intacct.
  • Budgeting, I realize that there are third-party apps and Intacct now has a separate budget program, but I would like to see the basic budget in Intacct developed a little more with added functionality.
  • Cash Management - with the advances in business intelligence and AI, Intacct should be able to offer a module that can review exiting cash uses and project cash needs.
  • It has enabled us to confirm investor returns and payouts.
We have benefited from the AP automation and document control, but we did this through the use of Intacct and Nexonia, a third-party app. It has allowed us to be more efficient by eliminating a lot of manual process and eliminating opportunities for errors to be introduced.
One of the driving forces for our change to Intacct was for its consolidation capabilities since our former system did not have this capability and consolidations and combined reporting had to be handled manually.
It is a complicated system and is not "out of the box" ready. Understandable in a system such as this, but you need a good partner or VAR to assist in the system design and implementation. Intacct could spend more time in the sales process educating clients on the use of the multidimensions and their use.
Other than QuickBooks, Intacct has them all beat in flexibility. However, QuickBooks cannot handle consolidations and does not have the level of user security that Intact does.
It is excellent for consolidations and multi industry use. It less well suited for small businesses that require only basic bookkeeping.

Sage Intacct Feature Ratings

8.6
Accounts payable
8
Accounts receivable
8
Cash management
5
Bank reconciliation
9
Expense management
9
Time tracking
7
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
10
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
9
Global Financial Support
Not Rated
Intercompany Accounting
10
Journals and Reconciliations
10
Enterprise Accounting
9
Configurable Accounting
10
Centralized Rules Framework
8
Standardized Processes
9
Inventory Management ()
Not Rated
Order Management ()
Not Rated
Payroll Management ()
Not Rated
7.7
Dashboards
10
Standard reports
7
Custom reports
6
7.0
API for custom integration
7
Plug-ins
Not Rated
9.0
Role-based user permissions
9
Single sign-on capability
9

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