Love Sage intacct.
November 04, 2024

Love Sage intacct.

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Sage Intacct

In our organization, Sage Intacct is primarily used to manage financial and accounting operations across multiple departments. We rely on it for core functions like general ledger, accounts payable, accounts receivable, and cash management. These capabilities allow us to streamline data entry, automate transactions, and maintain an accurate and up-to-date view of our financial health. Fundamental Business Problems Addressed:
Sage Intacct addresses several critical business challenges: Efficiency and Automation: By automating accounts payable, receivable, and general ledger tasks, Sage Intacct has significantly reduced manual data entry, minimized errors, and improved overall efficiency.Scalability: Our business has complex, multi-entity operations that Sage Intacct handles smoothly. We can easily manage financials across different locations and currencies, a feature we rely on as we continue to grow. Enhanced Visibility and Reporting: With customizable reporting and dashboards, we can easily track key metrics, allowing our leadership team to make informed, data-driven decisions.Compliance: Sage Intacct ensures compliance with regulatory standards (like ASC 606 and IFRS), which helps us adhere to revenue recognition and other reporting requirements.Scope of Use Case:
The primary use case for Sage Intacct in our organization is to support financial consolidation, budgeting, and compliance for our multi-entity, multi-currency operations. We use it daily across departments to ensure that financial data is accurate, up-to-date, and accessible to stakeholders. This has allowed us to scale effectively and maintain financial integrity as we expand.

Pros

  • AP
  • AR
  • Custom reports.

Cons

  • Approvals
  • Bank Recs
  • Payments
  • Sped up processes.
  • Month end is a lot more efficient.
We don't have any of this automated.
We don't use most of these.
Vendor and Partner Assistance: While we managed some internal configurations, such as user permissions and basic reports, vendor guidance was essential for complex setups like multi-entity consolidations, custom dimensions, and advanced reporting. The Sage Intacct team was responsive and provided clear guidance, which helped us avoid potential configuration issues and saved time troubleshooting. Customization and Ease of Use: The platform’s flexibility allowed us to customize dashboards and workflows effectively. While more straightforward configurations were manageable, more intricate features, like multi-currency and revenue recognition, required vendor input. Training Resources: Sage Intacct’s online documentation and training resources were also invaluable, allowing our team to understand the system and make minor adjustments independently. Overall, the configuration process was efficient thanks to vendor support and accessible resources, allowing us to tailor Sage Intacct to our needs with minimal disruption.

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

Not sure

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?

I wasn't involved with the implementation phase

Would you buy Sage Intacct again?

Yes

Sage Intacct excels in multi-entity and multi-currency businesses where consolidating financial data is crucial. For example, in our organization, it’s invaluable for managing international subsidiaries by automating currency conversions and compliance reporting. It’s also highly effective in subscription-based revenue models due to its ASC 606 compliance, which simplifies revenue recognition and audit trails. For smaller businesses or those with straightforward financial structures, Sage Intacct can feel overly complex and costly. It may also be less ideal for teams needing highly customized workflows outside the financial sphere, as its adaptability is mostly finance-focused. In such cases, simpler, more customizable solutions may offer better value.

Sage Intacct Feature Ratings

Accounts payable
8
Accounts receivable
8
Cash management
7
Bank reconciliation
7
Multi-currency support
8
Multi-division support
8
Intercompany Accounting
7
Journals and Reconciliations
7
Role-based user permissions
8
Single sign-on capability
9

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