Fantastic mid-market accountingreporting solution
Overall Satisfaction with Sage Intacct
I currently use Sage Intacct to manage accounting for multiple clients in a Family Office setting. Intacct met our requirements which included bill pay, banking connections with semi-automated reconciliations, client login abilities and others. The primary feature we chose Intacct for was the ability to do consolidated reporting. Each family has anywhere from 5 to 40+ entities and the ability to produce stand lone financials as well as consolidate them in various ways based on family ownership is critical. Also, the ability to easily monitor cash balances in the various entities to be able to pay external loans, transfer cash between entities and plan for distributions was a significant requirement. There is 'bonus' functionality that was not a requirement but I'm using such as working on a custom dashboard to monitor for specific cash planning as well as the ability to publish reports that clients can use their own login to review and drill into.
Pros
- Consolidations
- Reporting
- User Friendly
Cons
- Reporting templates for Family Office
- Better support in their help articles geared toward Family Office
- The ability to delete or create certain records by an admin (ie-AP invoices, cash receipts etc)
- Ability to bring in more clients without additional headcount
- Ability to provide clients better reporting and insights
- Better support to our tax team with comprehensive and accurate financials
The inter-entity feature is customizable and automatic - when you record something between 2 entities the inter-entity lines of the JE create automatically based on the way you set the rules up. It's also very easy to reconcile inter-entity transactions if you use the dimensions as a required element.
- QuickBooks Desktop Pro, QuickBooks Online Advanced, Oracle Hyperion (legacy), Brightpearl by Sage, NetSuite ERP and Xero
Sage Intacct has most of the best features but doesn't have things integrated that I don't need/use. It's very module based so you can add/remove modules as you need to. It's very scalable as well so as I add entities, there's not an incremental software cost like there would be with QuickBooks and it's less expensive than Oracle.
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?
No
Did implementation of Sage Intacct go as expected?
Yes
Would you buy Sage Intacct again?
Yes


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