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Sage Intacct is a must for multi currency, multi country
Updated April 05, 2023

Sage Intacct is a must for multi currency, multi country

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

Overall Satisfaction with Sage Intacct

Sage Intacct is being used to consolidate across 6 different countries. It is also used to manage over 200 restricted funds within each country. It helps in consolidating over multi currency accounts. It allows for each individual entity (country) to use and produce reports. In addition the consolidated reports can be produced to use as those are needed. These are each different types of reporting.
  • Reporting based on many dimensions.
  • Handling of multi currency.
  • Ability to access a cloud based system from anywhere.
  • Setting up of reporting can be an issue.
  • Tracking entries that did not use proper dimensions.
  • Reports when exported to excel do not include the formulas.
  • It has streamlined some of the processes.
  • It has allowed different people to access from various places.
  • Reporting has allowed for changes in process to save time.
We have not due to the changes that have to be done after entry. It is harder to change coding when using an automated system. Client needs to understand to make changes before being entered vs after.
Global consolidations is used and works to help have one international system. It is helpful to have each entity use the same codings and same system even is the process is slightly different.
Used a vendor to thelp. It was good as there were 5 different countries that needed to abide by different laws.

Do you think Sage Intacct delivers good value for the price?

Yes

Are you happy with Sage Intacct's feature set?

Yes

Did Sage Intacct live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Sage Intacct go as expected?

Yes

Would you buy Sage Intacct again?

Yes

Sage Inacct allows for more dimension reports. It allows for multi currency. It also allows for various users to only have certain access. The security is a big issue since it is cloud based.
Sage Intacct is well suited when you have multiple people needing to access from multiple locations. It is very helpful especially when over multiple time zones. It is less appropriate for those that do not have a basic accounting background. The usability of the wording on tasks is more accounting language.

Sage Intacct Feature Ratings

9.9
Accounts payable
9
Cash management
10
Bank reconciliation
10
Multi-currency support
10
Multi-division support
10
Global Financial Support
10
Intercompany Accounting
10
Journals and Reconciliations
10
Standardized Processes
10
Inventory Management ()
Not Rated
Order Management ()
Not Rated
Payroll Management ()
Not Rated
8.0
Dashboards
7
Standard reports
10
Custom reports
7
Customization ()
Not Rated
10.0
Role-based user permissions
10
Single sign-on capability
10

Not-For-Profit Usage

Fund balances are easily figured out. User friendly.
  • Bill
  • Certify
  • Expensify
Easy to integrate. Not all dimensions were coming over though.
Don't use currently
Changed from using excel sheets for this to the system.
Helped get a broader idea how the entier organization is working vs one country.

Hi-Tech Usage

Better information to make decisions, not necessarily unplanned growth.
Not an issue for a non profit
Close is still taking time, need to automate more.
Do not use Saleforce.

COVID-19 Updates & Changes

Bill and Certify
Wish that Bill would be able to sync all dimensions.

Using Sage Intacct

10 - All the accounting side.
1 - One person has the training and helps to answer all questions.
  • Easier reporting
  • Consolidation information
  • Able to record inter entity information
  • Syncing of expenses
  • Approval process
  • Sharing of information
  • More syncing
  • Quicker close
Working well for what we need.

Evaluating Sage Intacct and Competitors

Yes - QBs desktop. Unable to see across all entities
  • Cloud Solutions
  • Scalability
  • Integration with Other Systems
  • Ease of Use
Cloud Solutions as we are all over the world.
Set up the quick template differently

Sage Intacct Support

ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
No escalation required
Immediate help available
Support cares about my success
Quick Initial Response
None
Did not purchase premium support.
Anytime a ticket is submitted we do receive timely response.
Sage support is great. From the learning center to the Sage Intacct Community you can usually find an answer. If the answer is not there you can file a ticket and usually have an answer within 24 hours.

Using Sage Intacct

ProsCons
None
None
  • Financials in different ways
  • General ledger reporting
  • Finding what accounts are missing a dimension
This rating is not at a 10 as there are some people that have an issue with the processing. It seems to be understanding in the steps that are not clearly marked as step one, two, etc for those that do not have a good accounting background. The payables process has been the main issue. However, the usability for the rest of the system has been good and has allowed for reports to get out timely and accurately.