Item: Sage Intacct
Rating: 10
Author: Tefta Mohr

Use Cases and Deployment Scope

We migrated from MAS90 to Sage Intacct. It is used as our accounting system and financial reporting software. We are using it to automate accounts payable approvals so that invoices are directed to responsible department managers without having to send stacks of paper. The inter-company functionality is amazing; in our prior system, we spent a minimum of a day balancing inter-company accounts, as we have multiple entities. The automation of our processes has resulted in significant time savings. We use the upload templates to incorporate information from our Restaurant POS, Gaming system, and payroll. Again, this has streamlined processes and increased employee morale, as the software is intuitive and easy to use.

Pros and Cons

Inter-company balancing: Entries are easy and fast
Automated paperless accounts payable approvals
Memorized transactions provide a "checklist" for month end entries
Bank reconciliations are quick and easy

Financial reports are very time intensive to build but offer great capability.
I'd like a report that verifies the inter-company balances each month.
Cash management transactions get tricky when entering ACH/Manual payments.

Return on Investment

Reduced time for inter-company balancing
Streamlined accounts payable approvals
Increased month end closing speed

Sage Intacct Automation

We have found the automation functionality of accounts payable to be a huge time saver with online approvals and attachment ability. No more pulling invoice copies. The drill down feature from GL is amazing, as you literally can drill from the account list, all the way to the purchasing invoice, if needed.

Sage Intacct Extensibility

We do not use these modules.

Alternatives Considered

I have used Great Plains, QuickBooks, MAS90, and several others and none of them had the functionality, ease of use, and intuitiveness that this product has. We are able to streamline tasks, minimize data entry, conduct intercompany transactions with ease, and automate the accounts payable approval process which has saved both time and money. I am so excited to have this software and to be able to focus on other tasks. We have taken our month end close down to less than 10 days which has resulted in more timely reporting and the ability to move between entities makes everything easier. It's just a fabulous product!

Likelihood to Recommend

Sage Intacct is well suited for companies that have multiple systems that need to be incorporated into one primary reporting system. It offers a lot of functionality for people with multiple entities. Although the reporting for multiple entities is time intensive to set up, it can do nearly anything people need or want. Upload templates make data entry a snap. If you have logistics that make getting written approvals for invoices, this system automates that process so that people can approve wherever they are electronically as long as they have internet access. The cloud eliminates a lot of hardware requirements. Scanning information into the system is literally as easy as drag and drop which means you don't have to go looking for invoices, journal entries, etc.

Sage Intacct: The Enterprise Software You Need!

Overall Satisfaction with Sage Intacct