Item: Sage Intacct
Rating: 5
Author: Ahmed Yassine

Use Cases and Deployment Scope

In our organization, we utilize Sage Intacct over QuickBooks because it offers superior customization, notably the ability to create our own dimensions. It effectively addresses intricate financial management needs. However, Sage Intacct has challenges: data exportation is cumbersome, documentation on table joining is sparse, and with Fivetran, it doesn't capture deletions efficiently.

Pros and Cons

Multi-Dimensional General Ledger
Automated Revenue Recognition
Scalable Cloud Infrastructure

Documentation and User Guides
Data Export and Integration
Issues with Data Syncing using Connectors

Return on Investment

Improved Financial Reporting
Automated Processes
Scalability

Sage Intacct Automation

Our organization greatly benefited from Sage Intacct's automation of core financial processes. It streamlined our general ledger, made accounts payable/receivable management more efficient, and simplified order management. This automation reduced manual errors, saved significant time, and allowed our finance team to focus on strategic, value-added activities.

Sage Intacct Extensibility

Sage Intacct's advanced modules transformed our operations. Multi-entity consolidations simplified our global financial processes, project accounting offered granular insight into project profitability, and contract revenue management ensured compliant revenue recognition. These modules streamlined tasks, reduced manual interventions, and improved overall financial accuracy in our organization.

Sage Intacct Configuration

Configuring Sage Intacct required a collaborative effort. While we managed initial settings in-house, some complex modules necessitated vendor assistance. Sage Intacct's support was indispensable during this phase, providing guidance and ensuring a smooth setup aligned with our business requirements.

Key Insights

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

Likelihood to Recommend

Situations Where Sage Intacct is Well Suited:Complex Financial Reporting Needs: For organizations that require detailed and multi-dimensional financial reporting, Sage Intacct's ability to tag transactions with various dimensions (like departments, projects, or locations) allows for granular reporting and more nuanced financial insights.Compliance with Revenue Recognition Standards: Businesses that need to comply with intricate revenue recognition standards like ASC 606/IFRS 15 will find Sage Intacct's automated revenue recognition tools incredibly beneficial. This is especially true for SaaS or subscription-based companies.Multi-entity and Global Organizations: Sage Intacct offers robust capabilities for companies operating with multiple entities, subsidiaries, or in different currencies. The software can easily consolidate financials across these entities and handle various currency conversions.Situations Where Sage Intacct Might be Less Appropriate:Small Businesses with Basic Needs: For small businesses or startups with straightforward financial needs, Sage Intacct might be an overkill. The software's extensive features and relatively higher cost might not justify the investment for companies just looking for basic bookkeeping.Heavy Dependence on Third-party Integrations: Organizations that rely extensively on a multitude of third-party tools and expect seamless integrations might encounter challenges. While Sage Intacct does offer integrations, its data exporting challenges and potential syncing issues, as mentioned earlier, could pose problems.Self-reliant Troubleshooters: Companies that prefer to solve software-related challenges internally, relying on available documentation, might find Sage Intacct's current documentation insufficient. They'd need to often reach out to customer support or seek external expertise.

Review

Overall Satisfaction with Sage Intacct