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Intacct Advantage?
November 15, 2019

Intacct Advantage?

Anonymous | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User

Overall Satisfaction with Sage Intacct

Currently, we are only using Sage Intacct as a finance and accounting system. From attending Advantage and connecting with so many other partners, I can see we have so many opportunities to use Sage Intacct throughout our organization. We are still in the implementation phase in a lot of areas and could be so much more effective for the investment.
  • We use the inter-entity modules and this has been a huge help and time savings to us. The entries in the background save a lot of time
  • The new automatic bank feed and bank recon are helpful and will be a great help to our treasury group.
  • Smart rules are great for mandating certain information required by users.
  • Posting Details: Especially for the inter-entity transactions. These are hard to follow and you have to open several screens to see all sides of the transactions.
  • Bill back process for multi companies. One to one set up does not allow companies to bill each other easily.
  • Prepaid module: What is this really for? The entries should post automatically.
  • Recurring general journals should be able to be set up from current general journals.
  • Too soon to tell really! We have spent too much time and added resources during our first year of implementation. Unclear if this is due to our organic growth or the system changes. Probably both.
We were using a system where we automated some of these processes before. Since this is still year one of our implementation we are currently exploring more and more of our automation options. There is a great deal out there and it can seem overwhelming.
The multi-entity model has been very time-saving. Eliminating double entries and duplicate work and the chance of human error by not posting one side of an entry. There are limitations such as the one to one feature of the bill back process, but overall the process is seamless. More transparency is needed to see the posting in the background would be another request.
Intacct easily integrates with so many third party and off the market software products. This is a plus when choosing a financial reporting package.
I think Intacct is like most accounting software packages and you must find the necessary requirements for your specific business needs. One of the drawbacks is that it seems that you must go through a consultant to purchase and implement the system and your experience is as good or bad as your choice in consultant. That is the key to implementation!

Sage Intacct Feature Ratings

5.8
Accounts payable
7
Accounts receivable
7
Cash management
6
Bank reconciliation
6
Expense management
6
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
2
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Global Financial Support
Not Rated
Intercompany Accounting
6
Journals and Reconciliations
6
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
Not Rated
Inventory tracking
Not Rated
Location management
Not Rated
4.0
Pricing
Not Rated
Order entry
4
Credit card processing
Not Rated
End-to-end order visibility
Not Rated
Not Rated
Reimbursement management
Not Rated
5.0
Dashboards
3
Standard reports
6
Custom reports
6
5.5
API for custom integration
4
Plug-ins
7
4.5
Role-based user permissions
7
Single sign-on capability
2