A Great Accounting and Reporting Tool
November 16, 2019
A Great Accounting and Reporting Tool
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Sage Intacct
Sage Intacct is being used by the finance and accounting team as an accounting and reporting tool. It helps review the transactions at the granular level. These are then used to build reports and trend analysis for management reporting purposes. Intacct is also integrated with our reimbursement and HR tool and works seamlessly.
- Capturing transactions at multiple dimensions makes it easier to slice and dice the data.
- Integration with other tools helps reduce turnaround time for monthly closure of books of accounts. It also improves accuracy levels.
- An automated form of bank reconciliation will definitely help. Intacct should allow uploading the bank statements or linking them with the banking portal and populate the bank reconciliation.
- The budgeting and forecasting module looks cumbersome in present shape and order. A simpler version for mid-sized organizations will help.
- There are certain ledger accounts that need reconciliation now and then. Possibility to add a check and measure will help make review smoother.
- Settling-off intercompany transactions should be automated. This is time-consuming and is prone to a lot of manual computations.
- We are able to close each month quickly and effectively. We are also able to provide a multi-dimensional view of the transactions to the leadership team. Thus, helping in timely decisions impacting the business.
We have not been using automation extensively at our organization. We would like to explore more on this.
We are a multi-product, multi-entity, multi-location organization. Intacct definitely helps in the timely input of transactions with various dimensions. The monthly closing is effective and efficient.
I find Intacct to be quite flexible to modulate to business needs. It is user-friendly and once understood, ease of operating is quite high.