In the eyes of a former auditor
Craig Simpson | TrustRadius Reviewer
Updated July 08, 2020

In the eyes of a former auditor

Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Sage Intacct

We are using Sage Intacct as our main accounting system. It’s being used by the entire organization. During this time of social distancing, it has allowed up to continue to work remotely since it’s all in the cloud. In the near future we are looking to further integrate Intacct with our proprietary real estate inventory system.
  • It’s scalable for any size of organization.
  • It’s a true account system built on accounting principles, with built-in internal controls.
  • Cutting edge technology and innovation
  • Improvement in the cash management systems
  • Improvement in the credit card and expense reimbursement
  • Budgeting and reporting
  • Being on Intacct during the social distancing has been invaluable.
  • It’s allowed our business to continue and complete two external audits from a distance.
We aren’t currently fully utilizing automation but it’s on the agenda for 2020.
We are currently using multi-entity. Using Intacct multi-entity function has allowed us the flexibility to have 6 of our entities in one software. We are able to make intracompany entries with ease as well as develop consolidated financials. We are able to report out to our financial stakeholders on all levels of our organization.
Intacct is truly a full functioning accounting system. It has the internal controls as well as some good self auditing functions built into the system. This for me is what sets it apart from other accounting systems.
I have over 20 years' experience in auditing and accounting and I haven’t worked with another accounting system as well built as Sage Intacct.

Sage Intacct Feature Ratings

Accounts payable
10
Accounts receivable
Not Rated
Cash management
8
Bank reconciliation
9
Expense management
8
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Global Financial Support
Not Rated
Intercompany Accounting
10
Journals and Reconciliations
10
Enterprise Accounting
Not Rated
Configurable Accounting
10
Centralized Rules Framework
Not Rated
Standardized Processes
10
Inventory tracking
Not Rated
Location management
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
7
End-to-end order visibility
Not Rated
Reimbursement management
Not Rated
Dashboards
9
Standard reports
10
Custom reports
10
API for custom integration
10
Plug-ins
10
Role-based user permissions
10
Single sign-on capability
9

COVID-19 Updates & Changes

The complexity of Sage Intacct depends on the complexity of the organization. I give it an "eight" because the complexity of the integration is more based on the organization rather than Intacct itself.
My entire accounting department was able to quickly transition from working on site to working remotely. We were able to complete two audits as well as close the 1st quarter while working remotely. Intacct has allowed us to essentially not miss a beat during the COVID-19 pandemic. It has also initiated conversation about working remotely moving forward to allow better work life balance.