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Very happy with Intacct and its functions and features.
What do you like best about the product?
Intacct has extensive functionality sufficient to manage financial accounting for complex entities, but is structured such that less complicated entities can easily navigate the system. This flexibility makes Intacct particularly useful for a small but growing enterprise.
What do you dislike about the product?
My recent experience with support has not been positive. I have one particular issue that I should have been easy to address. However, I have been "back and forth" via email with a support technician for weeks. It appears that the support technician may be overseas and does not have the same working hours.
What problems is the product solving and how is that benefiting you?
Our needs are fairly typical except that we need the multi-entity capabilities of Intacct. Within each entity, our needs are standard. The multi-entity functionality makes it very easy to manage the financial accounting for both entities with minimal duplication of effort.
Recommendations to others considering the product:
Intacct is reasonably easy to implement and use. In particular, Intacct provides significant functionality for uploading data (codes, transactions, etc.), which includes uploading historical financial transaction data. There is significant parameterization and user defined features that make the system functional for more than simple accounting processes.
Sage Intacct Helped our Company Close in Record Time
What do you like best about the product?
Sage Intacct has helped us to be able to reconcile our bank accounts, credit cards, and make our reporting so much more streamlined. Reporting information that is easily accessible allows us quick responses to our management and in year-end close with our auditors. Revenue recognition has been so much easier and has cut down on our revenue recognition entries by around 800-1,000 entries per year.
What do you dislike about the product?
I think the only downside that we had at one time as that we were having a ton of issues in getting our multi-entity set up. We conduct business in the US, which is our main entity, and we conduct in two other countries, one reported in USD and one reported in another currency. When we added the additional currency in the consolidation, it seemed like we had issued with it for over 8 months. Now that we finally were able to get some time with Intacct Support, we finally have books that are working and consolidating correctly. I think this has been our biggest headache since day one when were started transacting in September 2017, but were able to finalize it in September of 2019, just because we were able to make a fix outside of the ERP to be able to report.
What problems is the product solving and how is that benefiting you?
Our month end close has been so much more of a breeze. We have gone from month-end close process being around 45 days to a soft-close within 6 days within this past month. Our efficiencies have greatly increased when we moved over from every single aspect of conducting business within our ERP. AP, AR, Rev Rec, Journal Entries, Bank Recs, and even having foreign entities have been improved day and night from when we were doing business in QuickBooks Online.
Recommendations to others considering the product:
Take a look at what you are trying to accomplish and narrow down what types of offerings that Sage Intacct will be able to provide efficiencies in. One example of this is the budgeting tool that they came out with as an additional add-on module. Currently, our budgeting is still done in Excel, however we can't see the value (at this time) in adding on the module that would make our reporting and budgeting process more dynamic. Currently, we use the basic offering that Sage Intacct offers and that seems to get us along just fine. One option that we couldn't go without is the Multi-entity, Global Consolidation, and Multi-Currency options. Those additions to our base software have allowed us to make better business decisions and also help reduce our month and year-end close time.
Sage Intacct provides great results in productivity and overall efficiency.
What do you like best about the product?
The most helpful feature within Sage Intacct are the approvals and workflows within each module. The approvals are routed effectively via email notification containing a direct link to the transaction. The workflows are easy to follow and there is enough detail to understand where each item is within the workflow.
What do you dislike about the product?
Unlike the general journal or accounts payable module, the cash management module does not allow for configured approvals, specifically the "Other Receipts" and "Deposits". Since this is not a feature, we manually approve transactions via collaboration.
What problems is the product solving and how is that benefiting you?
The reporting within Sage Intacct has a wide variation of customization. This has allowed for our company to create complex reports that are required monthly, quarterly, and annually. Not only does this create a perfect output, it also streamlines our reporting process once the reports are created.
Recommendations to others considering the product:
If you are seeking a complex system with many capabilities, this is the system to use.
Very positive, easy to learn and to set up.
What do you like best about the product?
Cloud based, allows for multiple companies and the ability to maintain accounts in different levels and departments.
What do you dislike about the product?
Do not like to submit job tickets when some issues could be settled with a phone call. Sometimes when confused about an issue, a few questions can get you into the right area and the lights come on. Especially with something you only do once or twice a year.
What problems is the product solving and how is that benefiting you?
We are plain vanilla. I used the GL , report writer, AR, and Purchasing. Able to produce Income Statement and Balance Sheet, do JE's, easy to use and understand.
Really easy to use
What do you like best about the product?
The interface is not complex whatsoever, making it easy to navigate around.
What do you dislike about the product?
Some parts of it are still in the old interface. Selecting credits when it comes to paying bills takes a lot of clicking. If credits are in one entry, you still have to manually select those credits when it comes to paying bills.
What problems is the product solving and how is that benefiting you?
Sage Intacct allows us to clearly see what bills we have paid in the past and allows us to see the patterns.
Recommendations to others considering the product:
The interface is really nice, and things are easy to find or figure out.
The most efficient cloud based accounting system for non profits!
What do you like best about the product?
Reporting tools and time sheet tracking.
What do you dislike about the product?
The lack of forecasting tools and ability to provide projections within system
What problems is the product solving and how is that benefiting you?
Real time data recording!
Great Account Software
What do you like best about the product?
Ability to build out customized financial reports and pull information from "Top Level" to see multiple entities compared. Able to share budgets with employees responsible. Ability to close much quicker than any other software. It is very user friendly.
What do you dislike about the product?
Expensive when adding multiple users to the software, but worth it.
What problems is the product solving and how is that benefiting you?
We have cut down our month-end process by 2 days each month from automated systems. We are able to pull comparison reports that assist us with finding cost savings.
Recommendations to others considering the product:
Pick it! You won’t regret it. Your team will be more involved with the financials. You will be able to close quicker. Set up is easy.
Sage Intaact financial accounting
What do you like best about the product?
The financial suite is well organized and easy to use, adoption by new users has been fast. There are many tools to aid both productivity and the accuracy of information such as bank integration, prepaid amortization schedules as well as setting up recurring or memorized transactions. The implementation went very smoothly, with support from Sage we went live in around 10 weeks with a mvp following up with further enhancements two months later. Our final implementation cost was around 60% of the fees quoted by Sage.
What do you dislike about the product?
Not much. Like all systems it takes time to get to grips with the custom report tool so we are still finalizing our reporting in Excel.
What problems is the product solving and how is that benefiting you?
We are an early stage start up but we already have covenants and audit requirements. Sage gives us multi-company accounting and the ability to easily interface with our proprietary software and other tools like expense management.
Intacct is robust and easy to use
What do you like best about the product?
I like the dimension structure and the versatility the they offer in report generation
What do you dislike about the product?
d like to have the ability to merge accounts and dimensions to clean up the General Ledger especially after years of use and correcting general setup decisionsl
What problems is the product solving and how is that benefiting you?
N/A
accounting made easy
What do you like best about the product?
im in AP and having my home screen be the AP section is the best part
What do you dislike about the product?
What I would like is a mass invoice input one vendor, one account number but multiple amounts, invoice numbers, departments it would make inputting invoices for a few of our vendors quicker
What problems is the product solving and how is that benefiting you?
budgets and reports
Recommendations to others considering the product:
just do it!
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