Sage Intacct - Salesforce-like Accounting Experience
January 12, 2022
Sage Intacct - Salesforce-like Accounting Experience
Score 10 out of 10
Vetted Review
Overall Satisfaction with Sage Intacct
Revenue Recognition - we need a tool to manage over 1,000 contracts, MEA allocations, ASC 606, and automate revenue recognition schedules. Sage Intacct also integrates directly into Salesforce. First, opportunities are created in Salesforce, then converted into contracts. Contracts sync to Sage Intacct and a GL posting is created (debit to unbilled AR, credit entry to unbilled deferred revenue). Sage Intacct then builds out the revenue recognition schedules, reallocates revenue based on our MEA Price lists, and accommodates our usage billing scenarios. We import usage data monthly and revenue is automatically recognized accordingly.
- Billing
- Cash Applications
- General Ledger
- Dashboards
- Prepaids
- Fixed Assets
- Automation to workflow
- Less errors
- Less time re-working reconciliations
Sage Intacct is great at tracking and automating aging items and its matching features save us time during reconciliations. Sage Intacct automates most of our revenue recognition process which helps simplify the audit experience because exceptions are few. Automation is standard in the software so it can be considered a best practice and not cause concern for auditors.
Sage Intacct contracts module is an essential module if you have a complex and high volume of clients. Investment in the subscription will save your accountants valuable time during the month-end close because they will not need to spend as much time on deferred revenue reconciliations and revenue recognition activities. Sage Intacct also automates the global consolidation process by easily converting multiple currencies into a base currency.
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
Sage Intacct is more user-friendly compared to NetSuite however, I prefer NetSuite's report builder. Sage Intacct has multiple report builders but it is often a learning process to know which ones to use and you may find yourself switching between the two tools often. Although, NetSuite shows comparative financials and multiple currencies without needing to create a custom report. Sage Intacct's help and support are a lot easier to work with compared to NetSuite. The rest of the modules are virtually identical; so it comes down to the trade-off between these two features.