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Great Software with easy to use functionalities
What do you like best about the product?
I like the simplicity of the main accounting functionalities but that it can still run the complex reports I need for analysis
What do you dislike about the product?
recently it has been logging me out frequently even when I am actively using it.
What problems is the product solving and how is that benefiting you?
The reporting and sync capabilities have streamlined out work process.
Accountant
What do you like best about the product?
The user interface. Different module setup and it's very easy to use and learn.
What do you dislike about the product?
The financial reporting writer module is not really intuitive and need more formula writing functions.
What problems is the product solving and how is that benefiting you?
The financial reporting issue for multi-entity companies. I realize Intacct is very intuitive and highly customizable for users to build their own reports.
Recommendations to others considering the product:
Need to have a fundational understanding of Intacct.
Grow and Adapt Quickly and Easily
What do you like best about the product?
I really enjoy all of our entities sharing the same chart of accounts. This allows us the ability to onboard new acquisitions and produce reporting that is comparatively meaningful from day one. The third party plugins are a great way to add features to the overall package. I do wish more (or some) were included in the core product. Perhaps I am wrong but I am not sure if there are any packages that include some of the additional modules at a bundled price. That being said, the core product is great and is intuitive enough for someone with some but not prodigious technical skills to configure and customize to the needs of your organization.
You can also build it out quickly and easily to support new locations and/or entities as your company grows. By using the same chart of accounts, the set up is easy for new entities and you can start with entry and financial statements from day one that are comparative across companies. We are able to manage multiple companies in similar industries within different markets very easily but also have the reporting to compare them in a way that allows us to gain meaningful insight into why certain locations are performing better than others.
You can also build it out quickly and easily to support new locations and/or entities as your company grows. By using the same chart of accounts, the set up is easy for new entities and you can start with entry and financial statements from day one that are comparative across companies. We are able to manage multiple companies in similar industries within different markets very easily but also have the reporting to compare them in a way that allows us to gain meaningful insight into why certain locations are performing better than others.
What do you dislike about the product?
My biggest dislike is the amount of modules that are not included in the base subscription. I could be wrong but I do not believe there is a tiered subscription model (think good, better, best) that includes more advanced modules in a subscription if you are wiling to spend the money. I am constantly doing evaluations with my account rep and an implementation specialist for a product that I then have to evaluate ROI on. I love our account rep, she is fantastic. It does feel like her job is more sales oriented than support. It sometimes feels like our monthly check ins are more designed to be a sales call which I understand but its also a little frustrating. There are not many things to dislike about Intacct. It is an investment but also one that can help you dramatically improve all cycles in your accounting department. The ability to upload and attach invoices and other documents to entries can completely digitize your AP/AR cycles which is a huge time and space saver. The audit trail becomes much clearer and easier to follow when you can go from a view of the bill entry, to the invoice and find the check # and status of the check in a few clicks. The only drawback is that it is a bit labor intensive to do that. We have augmented that process by utilizing Bill.com but it did come at an additional cost of about $30,000 annually to implement. We are very happy with the integration but wish that were able to do more with the core product in Intacct.
What problems is the product solving and how is that benefiting you?
We use the stock allocations to make sure that we apportion company expenses properly. We are able to produce 51 unique P&L statements and and group them by common ownership when needed to give partners easy access to progress reports. We use Bill.com as a way to automate our AP cycle and it has dramatically improved our workflow. We can process thousands of invoices every month with one clerk and able to pay everyone in a timely fashion. It allows for a great workflow and approval process. The third party apps and integrations are a great benefit. We are currently evaluating the budgeting module as a way to easily use our actual prior year performance as a way to create a realistic and fact based budget for the coming year. The automated processes we have with Bill.com and hopefully the budgeting module (we are currently evaluating) have and hopefully will represent unmatched efficiency in the AP and budgeting cycles. We are a growing organization and add new entities on a bi-annual basis for the most part. The entity set up process is simple and being able to have a suite of reporting available based on work we've done with our prior entities is a huge time saver and value.
Multi-entity environment
What do you like best about the product?
I'm able view, post, adjust, and manage multiple locations from our headquarters.
What do you dislike about the product?
A good understanding of the transaction flow is vital because the system can be restrictive in some aspects.
What problems is the product solving and how is that benefiting you?
We are able to see and troubleshoot, as necessary, multiple locations.
Can't go wrong
What do you like best about the product?
The flexibility in using Inacct is amazing. I'm not spending hours trying to make corrections. If I want to see a report in a specific manner, it's generally a quick "duplicate and save as". Having worked in MS Dynamics, SAP, Oracle, MRI....this is by far the easiest, most flexible software out there.
What do you dislike about the product?
The initial set up of reports can be cumbersome. But what's they're created, it's amazing.
What problems is the product solving and how is that benefiting you?
Sage Intacct has saved us TIME. I am forever grateful for the time I've saved allowing for time to spend on forward looking accounting issues.
Sage!
What do you like best about the product?
I love the versatility within the modules
What do you dislike about the product?
I do not like that the modules do not communicate well with each other.
What problems is the product solving and how is that benefiting you?
We have solved a lot of the issues with Purchase Requisitions not being done properly better streamlining our processes
Best decision we have ever made in changing from our old finance system into Intacct.
What do you like best about the product?
How robust and easy it is to run report. They way that you can add or delete information before you run the report. There is no need to export reports to excel to manually modify them and add information and calculations you need or delete information that you simply do not need. This saves you a lot of time. Whenever I'm asked for a report, my supervisors do not need to wait long to get the information that they have requested. The satisfaction of knowing that our board members feel secure and happy with the reports presented to them, that they are able to understand them and that we do not have the need to be manually modifying them that is priceless. Being able to process deposits in the system in a short period of time, without having to fight with the system because you do not know if its frozen or thinking in processing your request. Happy to be able to see system updates run smooth without the fear of it crashing down and not be able to use the system for weeks. Yes Intacct has been amazing!!!!!
What do you dislike about the product?
the bank cloud option doesn't give you many bank options to choose from. They should definitely add local banks too. That we do not have the availability to make inter company transactions on the AR side. If we make transfers between our bank accounts, we would have to on Intact do an AR transaction using bank gl and a miscellaneous gl. then we have to creat a JE one to cancel the entry to the miscellaneous gl and the other one to the other bank used. This is just too many steps.
What problems is the product solving and how is that benefiting you?
so far we have no problems with the system other than the AR between two banks should be available and more banking options for the automatic bank reconciliation.
Recommendations to others considering the product:
If you are using Sage 50 and are having some of the issues i have mentioned before, then most definitely Intacct is a great option to upgrade to. This system is cloud based and it has so much potential. You will be so happy if you change.
Sage - Innovation at its Best!
What do you like best about the product?
Sage is incredible innovative with its ability to be a great fit regardless of the size of your company. It allows you to upload journal entries that are extensive as well as being intuitive to normal everyday accounting. Its capabilities allow you to set up rules within the software to make the accountant's job more efficient. Sage is very user friendly for those in the accounting world as well as those at a corporate management level.
What do you dislike about the product?
It was hard to follow and stay current on the updates. However, Sage does allow you to continue with the previous user interface if you choose.
One downside to Sage is not being able to have multiple user logins with our current subscription.
One downside to Sage is not being able to have multiple user logins with our current subscription.
What problems is the product solving and how is that benefiting you?
The financial reporting within Sage is incredibly robust. This has helped us to relay valuable information to those who need it with the specifics that they need.
Recommendations to others considering the product:
Utilize Sage's great customer service.
Auditor's Dream
What do you like best about the product?
Paperless and multiple reporting options.
What do you dislike about the product?
I am yet to discover any after 3 years.
What problems is the product solving and how is that benefiting you?
The in-built internal controls makes it an auditor's dream. Being easily able to create reports and the ability to research back up documentation all within the system is amazing and saves so much time.
Recommendations to others considering the product:
If you are a potential customer make sure you thoroughly understand all the modules offered and take advantage of as many as you can. It can be a one stop solution to include budgeting depending on the detail you need. It's an investment that pays off.
Second time around
What do you like best about the product?
Literally being able to access data from anywhere. I approved checks while in Ireland, once.
What do you dislike about the product?
The report writing is a little complicated sometimes.
What problems is the product solving and how is that benefiting you?
Approvals, electronic check signing, fast easy imports from other softwares.
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