Sage Intacct reduces time to close by 50% and finance cost by 65%
June 12, 2021

Sage Intacct reduces time to close by 50% and finance cost by 65%

John Wise | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Sage Intacct

Sage Intacct is being used for financial accounting, consolidation, and reporting for the entire group consisting of 18 entities.
The system addressed the need for a web-based, modern, accounting system that included dimensionality and was able to be integrated with other systems (expenses, billing, payroll & business intelligence) via API's.
  • Accounting with dimensions
  • Ease of use
  • Importing / exporting
  • "Out of the box" reporting
  • Ease of writing reports
  • Assisted in improving the finance team close from 10 days to 4-5 days.
  • Improved staff morale through having great systems.
  • Improved reporting by division and employee.
Streamlining of processes has ultimately allowed a business that merged three organisations with a combined finance headcount of 20+ to reduce its finance headcount to 7.
The multi-entity accounting and automatic intercompany entries have streamlined our processing and made it much easier (and more accurate) for the team to account for the 18 entities in our group.
The configuration was undertaken by myself in conjunction with our implementation partner AcctTwo (previously Leap the Pond).
The process was relatively easy, however, I had done a lot of preparation around the design of the chart of accounts and dimensions required.
We started with a "clean sheet" approach rather than replicating legacy system structures.

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?

Yes

Did implementation of Sage Intacct go as expected?

Yes

Would you buy Sage Intacct again?

Yes

Good value, ease of implementation. Good connectivity with other systems. Staff enjoy using the system.
Out-of-the-box reporting could be improved.

Sage Intacct Feature Ratings

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