Real Feelings with an Open Mind

In my current role we utilize Sage Intacct primarily for advance consolidation in reporting. While I understand the product can be difficult to understand and at times frustrating to maximize its utilization, I do find that there is a lot of promise when it comes to reporting and customization. Specifically speaking to advance consolidations, we are beginning to better understand the capabilities of inter entity mapping and the impact it has on our due to and due from accounts. We are currently pouring a lot of our time in understanding the flow of data to ensure we have a good pulse on how we want to use the product. At the end of the day, I think it is this...one can either remain stuck with tool they have or look forward to doing more to maximize a resource that is both dynamic and robust.

We have benefitted from automated intercompany transactions. The only kicker is that we didn't understand the logic behind the mapping. As such, there have been some difficulties when trying to reconcile the intercompany transactions due to changes of logic. Some other need processes that we are finishing up installation with is Asset Edge. While it may not be directly Sage Intacct, the partnership with Wipfli has been so needed as we move from a legacy fixed asset system like DSW. Asset Edge is an app directly integrated with Sage Intacct.

Advanced consolidations are really neat. They have some great capabilities when it comes to reporting, auto generated sub income, and non controlling interest configuration. I wish that the recording of subincome was more than just on non controlling entities that consolidate. The other piece that I hope they can improve is being able to drill down in transactions under consolidation as that would greatly improve reconciliations.