Sage Intacct Reviews & Pricing

Key Features

• General Ledger: Contains pre-built dimensions such as customer, location, department, warehouse and class. It also allows users to add their own dimensions. Required dimension values can be inputted so that certain values are mandatory for entries to post to designated accounts. 
• Accounts Payable: This feature lets users set spending limits and define workflows and approvals. Users can easily view AP liabilities as well as check and bill register reports in real time. Users can automate ACH, check and credit card payments through the Vendor Payment Services function, which is built on the American Express Global Commercial Services infrastructure. 
• Accounts Receivable: The program enables customers to generate recurring invoices and to attach customer information to transactions. It integrates with other business processes to centralize sales orders, quotes and invoices. Configurable dashboards and other visualizations are included in this function and allow users to look at data points such as deferred revenue and customer aging. 
• Purchasing: Allows users to analyze costs and monitor budget vs. actual information through dashboards and reporting tools. These dashboards are role-based for security and ease of access and also contain budget performance information, price break monitoring and purchase quote functionality. The feature gives users more control over the entirety of the procure-to-pay process. 
• Order Management: Users can leverage point-and-click functionality to set up individualized workflows and pricing requirements in the order management system. The program can be easily connected to Salesforce CRM, which allows users to share order status and pricing data across a business and reduce duplicate data entry. The solution includes sales tax and regulatory compliance through integration with Avalara. Order fulfillment rates, inventory quantities and sales data can be viewed in real time through this feature. 
• Cash Management: Includes a live view of funds and cash flows through all associated credit cards, savings accounts and checking accounts. The management of cash across multiple locations is also supported. The system enables the application of payments to accounts that aren’t associated with an invoice and the recording of POS payments that aren’t connected to a specific customer. 
• Reporting and Dashboards: This program can track both financial and operational data such as SaaS metrics, machine availability, etc. The system also has the ability to discover trends, drill down to source transactions and look at roll-up figures for multiple locations or entities. The solution includes more than 150 financial reports along with the ability to develop customized reports based on business needs. 
• Digital Board Book: Produces metrics such as Annual or Monthly Recurring Revenue (ARR or MRR), churn, Committed Monthly Recurring Revenue (CMRR), Customer Acquisition Cost (CAC) and Customer Lifetime Value (CLTV). This analysis is conducted in real time using transactional data obtained from Sage Intacct and Salesforce. 

Approach to Common Challenges

• Manual Data Entry and Reconciliation: Automates recurring tasks like invoice processing, bill payments, expense reimbursements, and bank reconciliations, reducing errors and streamlining workflows.
• Limited Visibility and Reporting: Offers real-time financial data and customizable dashboards, enabling users to generate comprehensive reports and visualize key metrics instantly.
• Disconnected Systems and Data Silos: Integrates seamlessly with other business systems, such as CRM, ERP, and payroll, eliminating manual data entry and ensuring data consistency across platforms.
• Compliance and Audit Risks: Provides robust security features, audit trails, and compliance tools to meet regulatory requirements and protect sensitive financial data.
• Scalability Challenges: Accommodates growth and adapts to changing business needs, supporting multiple entities, currencies, and complex accounting structures.

Cost Of Ownership

• Q: How much does Sage Intacct cost per user?
  A: Pricing is not based solely on user count, but rather on a combination of factors like number of business entities, required modules, and data volume. Expect a starting point of ~$10,000 annually for core financial management with one user and one entity, up to several times that for more complex configurations with multiple users and modules.
• Q: Can I pay month-to-month?
  A: While annual subscriptions with upfront billing are standard, some vendors offer monthly payment options. Consider that annual plans often come with discounts, making them the more cost-effective choice for long-term users.
• Q: Are there hidden fees or unexpected costs?
  A: Sage Intacct generally adheres to transparent pricing. Be aware of potential add-on costs for advanced features like custom reporting or specialized integrations. Carefully evaluate your needs and discuss them with a representative to avoid surprises.

Limitations

• Mobile Functionality: Limited features accessible via mobile devices, hindering on-the-go access for some users.
• Customization Complexity: Tailoring the system to unique needs can require technical expertise or external assistance.
• Integration Scope: While offering integrations with major business systems, it lacks the extensive integration network of some competitors.
• Limited Inventory Management: Inventory tracking capabilities are basic and may not suffice for businesses with complex inventory needs.
• No Built-in Payroll: Requires a third-party payroll solution for managing payroll processes.

Suite Support

FAQ

• Q: Does it handle multi-currency transactions?
  A: Yes, Sage Intacct seamlessly manages transactions in multiple currencies, automatically applying current exchange rates and simplifying global financial operations.
• Q: Can I customize reports and dashboards?
  A: Sage Intacct offers extensive customization options, allowing users to create detailed reports and dashboards tailored to their specific needs and insights.
• Q: How secure is my data?
  A: Sage Intacct prioritizes data security with features like multi-factor authentication, role-based access controls, and data encryption, ensuring secure financial information storage and access.
• Q: Does it integrate with other software?
  A: Sage Intacct offers built-in integrations with popular CRM, ERP, and payroll systems, streamlining data flow and eliminating manual data entry between platforms.
• Q: How scalable is it for growing businesses?
  A: Sage Intacct adapts to business growth, easily accommodating additional users, entities, and complex accounting requirements without the need for costly upgrades or system changes.
• Q: Is it user-friendly for non-accountants?
  A: While its robust features cater to financial professionals, Sage Intacct boasts a user-friendly interface and customizable dashboards, making it accessible to users with varying levels of accounting experience.
• Q: How does it compare to other accounting software options?
  A: Sage Intacct competes with strong contenders, offering advantages in its real-time reporting, cloud-based accessibility, and scalability for complex needs. Choosing the best option depends on specific business requirements and budget considerations.