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Financial System Implementation Perspective
What do you like best about the product?
Intacct's features and tools are the perfect blend of high end functionality with end user experience.
What do you dislike about the product?
My suggestions are minor, like improved smart phone (which I know most other folks will never user).
What problems is the product solving and how is that benefiting you?
As a company who implements business systems, we love how easy Intacct is to implement and how fast companies see a return on their investment compared to other applications.
Recommendations to others considering the product:
I would definitely recommend this application to others. When considering Intacct, please consider that the best-in-class approach pays huge dividends in support, ease of use, and speed of product development.
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Cloud Based ERP system
What do you like best about the product?
Drill down capabilities, cloud based, user friendly, dimension and integrations, customization reports.
What do you dislike about the product?
Intacct's support team is not always fast and their engineers can take a long time to receive an answer from. Price can get expensive fast.
What problems is the product solving and how is that benefiting you?
Reporting and creating multiple dashboards; helping make the audit process go smoother and faster
Recommendations to others considering the product:
Great if you don't need a solution for payroll and if you don't have inventory to keep track of. If you are moving from Quickbooks this is an easier transition, as Intact hired some of the past Quickbook developers when creating Intacct.
Changing the Way Expenses are Paid
What do you like best about the product?
I like that it gives me an error report when something doesn't match.
What do you dislike about the product?
I dislike that there are not information buttons to guide you along the way. I have to have an external chart to keep track of the accounts.
What problems is the product solving and how is that benefiting you?
Expense reporting - we were doing paper and pencil before this saves us lots of paperwork.
Recommendations to others considering the product:
Once your staff learn the system it is great and allows processing time to happen quicker.
Intacct Review
What do you like best about the product?
I like how integrated and easy to use this accounting software is for beginners. Yet there keep incorporated and upgrading their features so it can take on and accomplish difficult accounting issues within nearly every business.
What do you dislike about the product?
I dislike how Intacct sometimes rolls out features and new items before they are finely tuned or buggy so that it can cause issues down the line or actually make tasks take longer.
What problems is the product solving and how is that benefiting you?
We are solving many business issues including consolidations, currency translations, tax issues, cash receipts, and several other areas.
Just ramping up
What do you like best about the product?
Very easy to setup - intuitive, decent UI and a good pool of consultants who know the application.
Using it is simple as well.
Also a very healthy ecosystem of apps and supporting services. SalesForce connects seamlessly.
Using it is simple as well.
Also a very healthy ecosystem of apps and supporting services. SalesForce connects seamlessly.
What do you dislike about the product?
It's really deep. There is a lot you can do which means there is a lot to learn. Coming from QuickBooks can be very intimidating.
What problems is the product solving and how is that benefiting you?
We can get tremendous scale. 2 finance people and Intacct can run the finance organization of a $20m, 100 head organization.
Recommendations to others considering the product:
Review your implementation consultants, they are critical. We used Armanino and have been very happy.
Not my favorite accounting software
What do you like best about the product?
Web-based software and storage allows me to log in from anywhere, any computer -- a crucial ability for my very mobile office; importing ability of large journal entries and budgets
What do you dislike about the product?
Reporting abilities are extremely limited and must be tweaked for each new report I want to see--a time consuming task! I can't edit certain transactions after posting and must be reversed then re-posted even if the change is to the description (fund transfers, voided checks, etc.). Software does not allow me to have an integrated platform with the multiple functions I need in order to keep my nonprofit running so my team has had to purchase 3-4 other large organization management tools that don't play well with each other.
What problems is the product solving and how is that benefiting you?
Budgeting and financial stewardship of a large nonprofit with multiple funds. We've been able to keep our two main operations (two different entities, really) separate pretty easily and within each of those two branches, we been able to keep sub-funds.
Implemented Intacct in 2015 and thus far the functionality has met our needs.
What do you like best about the product?
Accessibility and timeliness of available reporting.
What do you dislike about the product?
Certain default settings that cannot be changed.
What problems is the product solving and how is that benefiting you?
We've been able to benefit from enhanced financial reporting capabilities and the ease at which we're able to change course on our reporting hierarchies.
Product is good and has a lot of potential.
What do you like best about the product?
Ease in generating different scenarios for reporting.
What do you dislike about the product?
It should support Accounting in Asia (India).
What problems is the product solving and how is that benefiting you?
Global reporting and consolidation. It helped to generate different scenario reports.
Review of Intacct
What do you like best about the product?
The best features of Intacct is that is extremely user-friendly and cloud based. In addition to that, you can attach the supporting documentation to each of your transactions. Intacct is also great for the price you pay.
What do you dislike about the product?
The part that I dislike is that creating custom reports or features is a little difficult unless you have some assistance from someones that has a lot of experience using the system.
What problems is the product solving and how is that benefiting you?
Since having the software, we are able to track multiple funds more accurately and efficiently. Our organization has multiple campuses so we can track funds by campus as well and this assists us greatly when forecasting revenue and expenditures.
Migrating from Quickbooks? Look no further
What do you like best about the product?
Hired into a lab services company that needed a foresenic post-fraud reboot for a small-medium sized company. With the fantastic excel data upload feature In four months I was able to convert them from cash-to-accrual and populate the GL with an almost years worth of data that had to be scrubbed before upload. A great Bank recs process further helped verify the process. We do not use Receivables / Sales as we have an in-house solution. For auditability I can attach invoices, reconciliations, and documents to verify wires, account balances and other audit evidence requirements. We don't have time to file so we convert everything to pdf and upload.
I started the company on an electronic PO system which works well for what we do which is distributed purchasing. I also was able to implement departments which was a new concept for the company.
We have added the sister company which will be manufacturing.
I have learned through many system implementations that you pick a strong core and implement different best-in-breed solutions that interface, as once system can't do it all. This is a great and strong core system.
I started the company on an electronic PO system which works well for what we do which is distributed purchasing. I also was able to implement departments which was a new concept for the company.
We have added the sister company which will be manufacturing.
I have learned through many system implementations that you pick a strong core and implement different best-in-breed solutions that interface, as once system can't do it all. This is a great and strong core system.
What do you dislike about the product?
Small business pricing, it is expensive on a per-user license, I have discussed with them the need for a one price for x licenses not dependent on user-types. Some aspects of some fields won't work if you don't have another module, such as inventory, but you learn to work around it once you know about it.
What problems is the product solving and how is that benefiting you?
Core Accounting: Great Efficiency for a lean staff, verifiability from an audit perspective, scalability both in size and in commonly-owned entities. We have left QuickBooks!!!!! I can very easily post intercompany transactions and we will need multi-currency in the future.
I plan for a 5-10 year useful life and Intacct is anticipated to meet our needs throughout this period.
I do not do many recommendations but I would recommend this program, without a doubt.
I plan for a 5-10 year useful life and Intacct is anticipated to meet our needs throughout this period.
I do not do many recommendations but I would recommend this program, without a doubt.
Recommendations to others considering the product:
It is AICPA reviewed and approved....this was also a key decision point. I didn't have to guess as much on the internal control.
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