What is Sage Intacct? | Vision33

Founded in 1981, Sage has quickly become one of the biggest enterprise software companies in the world. More than 6 million businesses across 20+ countries use Sage’s enterprise resource planning (ERP), accounting, customer relationship management (CRM), inventory management and human resource management software. Sage has over 13,000 employees globally, all focused on transforming the way people think and work through technology solutions that enable organizations to thrive. With the acquisition of Intacct in 2017, Sage continues to lead the cloud financial management revolution.

From its beginnings as a modest start-up with big ambition, Sage’s business has grown by understanding customers’ needs and the challenges they face. Innovation and entrepreneurial spirit are at the heart of Sage, and accelerating customer success drives everything Sage does. You don’t have to take our word for it, though — get the G2 Mid-Market Grid® Report for ERP Systems (Summer 2020) and see how Sage customers are independently rating their experience with Intacct.

Sage Intacct is a flexible, configurable accounting software solution built on a true cloud foundation. Its implementation offers robust technology infrastructure to any organization, making it easy to share data and integrate with best-of-breed solutions (like Salesforce) without sky-high IT costs. With a fresh, modern user interface, Intacct is a powerful born-in-the-cloud financial management system that empowers your business to accelerate the path to success.

Built by financial professionals and for financial professionals, Intacct provides a depth of financial capabilities you won't find in a traditional, all-in-one software suite. Intacct is easily adapted to the way you do business — not the other way around. With Intacct, your financial team can be more insightful and productive which ultimately drives growth for your business. And as that growth continues, the flexible platform of Sage Intacct gives you the scalability you need to ensure your system keeps up and keeps everything on track.

To learn more about Sage Intacct and the future of financial management, check out a live online webinar or product demo by visiting our Sage Upcoming Live Online Events page! It’s frequently updated with focused webinars and product demos from Sage experts filled with the information you need to drive your business forward.

Core Financials

Gartner’s 2019 Critical Capabilities Report awarded Sage Intacct the highest score in Core Financials for lower midsize enterprises. Sage Intacct’s core financial capabilities include:

Accounts Payable - Streamline workflows across the AP cycle with exceptional speed and Salesforce, ADP efficiency
Accounts Receivable - Accelerate your cash cycle by automating the invoicing and collections process
Cash Management - Track multiple accounts with real-time visibility and easy reconciliations
General Ledger - Consolidate multiple entities, currencies, and geographies in minutes
Order Management - Automate complex, high-volume quote-to-cash cycles and improve profitability
Purchasing - Achieve speed, accuracy, and visibility with structured transactions and approvals

Project Accounting

As your business grows, you need real-time information at your fingertips to make bold business decisions. Which projects should you bid on? What prices should you charge for your products and services? What resources do you need to meet client deadlines? Sage Intacct is the modern, project-centric accounting solution you need to automate your key processes and gain visibility into your entire operations.

Sage Intacct’s project accounting capabilities allow your business to

Manage, analyze, and present your financial information the way you want
Simplify time and expense management, keeping your staff focused on customer service instead of administrative tasks
Track detailed project costing, enabling you to understand the true cost of projects, see emerging trends, and budget properly
Automate project billing with a flexible, customizable project billing process
Add, manage, and report on multi-entities, automate global consolidations, and gain business-wide financial and operational visibility
Make informed decisions with powerful analytics, taking advantage of new opportunities and making any necessary corrective actions

Billing

Sage Intacct untangles and automates subscriptions, specialized contracts, recurring billing services, and the complexities of GAAP-compliant revenue recognition. Enjoy automated workflows, smart revenue recognition, and seamless data flows that streamline the revenue cycle across your organization:

Contract and subscription - Automate pricing, billing, subscription models, revenue recognition, and more
Project costing and billing - Bid smarter and bill faster with less revenue leakage
Revenue recognition - Support ASC 606 and IFRS 15, automate complex revenue accounting, and more

Budgeting and Planning

Sage Intacct’s budgeting and planning capabilities offer control, collaboration and security. You can be confident your team members are working on the latest version of your budget, and you’ll know who updated it and when. The ability to create and save multiple scenarios within a single budget allows you to maintain total control of your processes.

End budgeting and planning spreadsheet headaches for good:

Invite department heads to build or edit their budgets
Present plan or budget options to management
Transfer sensitive data from spreadsheets and emails into a single, secure solution
Limit access to payroll data with user-level security
Easily model calculations, such as projected cash flow, sales, revenue recognition options and headcount expenses
Focus on strategic plans that exploit business opportunities and sidestep risks

Seamless Integration

Sage Intacct’s built-in growth tools make it easy to integrate with applications like Salesforce, ADP and many more. In fact, many Sage Intacct customers have two or more integrations with other services. Open Application Programming Interfaces (APIs), Vision33’s Saltbox Platform, and other SKDs make integrations simple and seamless. Our team of business analysts can push data to Sage Intacct and initiate integration actions from dashboards or application pages.

Scalability: As your business grows, Sage Intacct grows with you. A variety of flexible add-on modules allow you to keep the momentum going:

Fixed Assets – create an automated asset management system
Inventory Management – track, value and manage stock
Multi-Entity and Global Consolidations – manage complex financials for multiple locations and entities
Project Accounting – manage costs and revenue, keep projects on time, maintain profitability
Revenue Recognition – account for multiple revenue types such as subscriptions, licenses and services
Sales and Use Tax – automatically calculate sales tax and VAT with the built-in Avatax integration
Purchasing – achieve speed, accuracy and visibility with structured transactions and approvals
Spend Management – govern company purchasing vs. budgets and never exceed spending caps
Vendor Payment Services – power payments on American Express Global Commercial Services’ platform

As the size, complexity, and pace of your business grow, the frustrations can multiply. That accounting system you relied on to manage finances and operations has, over time, gradually become a barrier to growth and efficiency. But in a highly competitive business climate, you can’t afford spiraling overhead costs, functional limitations, and unnecessary risks.

Sage Intacct’s cloud accounting software products and financial management solutions deliver accounting capabilities for multiple industries with a single aim: to accelerate your success.

Sage Intacct customers (whether they are service or product organizations) achieve an average 250% return on investment in six months or less:

Reduce time to close by up to 79%
See real-time reporting across hundreds of consolidated entities
Put finance leaders in a position to drive more growth

Sage Intacct’s modular true cloud accounting solution meets your business needs today and gives you the flexibility to add functionality tomorrow. Innovation is in Sage’s DNA, and industry analysts have named Sage Intacct a visionary and leader. They deliver four major releases each year, with an average of 50 new features per release.

Click here and learn even more about the power and endless possibilities of Sage Intacct.

Are you currently using Sage 50 as your accounting solution? If so, click here to learn more about how easy it is to transition to Sage Intacct.

You might already be familiar with other Sage solutions, like Sage 300, Sage CRM and Sage 50, and you might be wondering how Intacct is different.

Here are some of the ways Intacct offers unique advantages as part of the Sage family:

Unlike some cloud applications that are adapted for the cloud, Intacct is born-in-the-cloud – it’s a truly next generation, best-of-breed accounting software solution that’s accessible anytime, anywhere without the need for any complex upgrades or additional IT infrastructure.
Faster and more robust financial reporting with the built-in report writer and availability of accurate, real-time data, enabling decision-making based on the best possible information.
Capacity for complicated or advanced functionalities related to inter-entity transactions, multi-currency consolidations, revenue recognition, subscription billing, project accounting, and more.

With Sage Intacct, your business will have the advantages of a modern cloud accounting solution: lower costs, added security and endless productivity.

Sage Intacct’s cloud accounting software streamlines vital financial management processes, reduces the need for spreadsheets, and gives you real-time visibility into your business’ performance so you can make quick and sound decisions.

Automate invoices expenses, payments and other mission-critical transactions
Always be audit-ready
Enjoy a lower TCO vs. traditional on-premises solutions
Leverage the world of open APIs to seamlessly integrate with other best-in-class cloud applications
Eliminate hardware costs and IT management
Achieve peace of mind with world-class security, backups and disaster recovery
Access your information at any time, from anywhere, on any device

Accounts Payable

Accounts Payable:

Automate manual AP processes
Configure approvals process, workflows and internal controls with a few clicks
Strengthen the reliability of your data
Put your team’s focus on the bigger picture
Save thousands of hours per year

Accounts Receivable

Accounts Receivable:

Enjoy automatic processes, email invoices and multiple payment options for customers
Connect with your CRM solution for a single view of quotes, sales orders and invoices
Automatically post your order transactions to your general ledger and AR ledger
Automate collection notices for hassle-free collections
Make your AR team more efficient and get paid faster

Purchasing

Purchasing:

Order what you need, when you need it and in the right quantities
Automate and streamline purchase requisitions, purchase orders and sign-offs
Connect with accounts payable, cash management and inventory
Eliminate redundant data entry
Customize dashboards to provide your team with real-time information to make quick decisions

Order Management

Order Management:

Save time and reduce errors
Enter an order when it’s first received and let an automated flow do the rest
Integrate with your CRM to track information about your customers and customer interactions in one place
Get your sales and finance teams on the same page with valuable insight
Provide superior customer service

Cash Management

Cash Management:

Access all of your transactions from credit cards, checking and savings accounts in one place
Quickly get a complete and real-time view of your cash flow
Automatically reconcile your checking, savings and credit card accounts – without spreadsheets
Spot unusual charges, manage bank errors, catch fraudulent charges and maintain accurate cash balances
Save time so your staff can focus on more valuable tasks

Built-in Reporting

Built-in Reporting:

Effortlessly dive into your data and get valuable insight
Utilize and edit 150 built-in reports
Create your own reports unique to your business and industry
Track and report on both financial and operational data
Include budgets in financial reports
Get an accurate view of performance and adjust goals and expectations accordingly

Intuitive Dashboards

Intuitive Dashboards:

See a detailed overview of your operational and financial performance
Make fast, sound decisions based on real-time information
Choose how your data is displayed with key metrics from virtually any perspective
Digital Board Book for Saas Metrics – a specialized dashboard for Saas companies that aggregates all of the vital metrics for your board reports (Committed Monthly Recurring Revenue, Annual or Monthly Recurring Revenue, Customer Acquisition Cost, Churn, and Customer Lifetime Value)

Collaboration Tools

Collaboration Tools:

Eliminate the ambiguity of communicating back and forth through email
Utilize secure, embedded communication tools to collaborate and quickly resolve issues
Hold conversations and leave notes within the solution for a record of relevant information
Enable your team to work faster and more efficiently

Additional Modules

Additional Modules:

If needed, Sage Intacct allows you to expand your solution beyond the number of included powerful features. As your business grows and your financial needs become more complex, meet all of your needs with these advanced financial capabilities:

Contract and Subscription Billing
Contract Revenue Management
Fixed Assets
Inventory Management
Multi-Entity and Global Consolidations
Project Accounting
Sales and Use Tax
Time and Expense Management
Vendor Payment Services

Sage Intacct provides a simple, native connection service to many related solutions, such as Avalara, ADP, and American Express. In fact, many Sage Intacct customers have two or more integrations with other services. Saltbox and other APIs make integrations simple and seamless.

Saltbox: There’s no doubt Sage Intact makes financial management faster and easier. It involves a lot of information, though, and chances are you’ll want to move that information between business applications. That’s where things can get complicated. Transforming the data requires workflows, time, and manpower, and mistakes are costly.

Saltbox is the answer. It seamlessly connects Sage Intacct and other applications so you can transfer data at lightning speed. The Saltbox Platform is Vision33’s cloud-based, integration-as-a-service platform that eliminates human error and maximizes your ERP investment. Drag-and-drop functions within Saltbox’s visual data mapper convert your Sage Intacct data to the correct format, and its engine moves information through the cloud with the power of AWS scaling, allowing it to handle an infinite data load. Most importantly, Saltbox allows you to keep a human involved in workflows or automate the entire data connection process.

The options for connectivity between Sage Intacct and other mission-critical business applications are endless with Saltbox. Vision33 can even leverage The Saltbox Platform to create custom endpoint connections for your unique business application.

Success Story: eDNAtec

Based in St. John’s, Newfoundland and Labrador, eDNAtec uses advanced genomics technology to assess and monitor ocean health. The company generates environmental insights to support ocean-based industries and operates the world’s first fully-dedicated research center for environmental genomics. As leaders in this emerging science and technology field, eDNAtec chose Sage Intacct because it was a cloud-based solution that offered scalability and streamlining capabilities.

Since going live on the Intacct platform, the time it takes for eDNAtec to complete routine tasks has decreased drastically. In addition, the timeframe for critical monthly reporting has decreased by two weeks.

"If I had known Intacct was so easy to implement, I would have done it soon after I started with the company. It would have meant valuable time savings from the gate and afforded enhanced reporting focused on priorities and growth opportunities."

- Janis Swantee, Accounting Operations Manager, eDNAtec

Sage recently spoke to more than 500 U.S.- based CFOs to gain their perspectives on what their future job descriptions might look like and get a feel for the real impact technology is having on their daily tasks.

Sage’s resulting report, CFO 3.0 Digital Transformation Beyond Financial Management, illustrates there is more and more demand for real-time data and a digitalization of the finance function. CFOs are increasingly being called upon to provide strategic business counsel. They can’t afford to be focused on the traditional role of simply running the day-to-day business accounts. Competitors who are more innovative and disruptive in their approach will overcome companies who don’t adapt to the times.

Historically, CFOs relied on intuition to shape their business decisions. A focus on daily tasks left little time to tune into the bigger picture and make concrete decisions about a company’s future. Today, CFOs have all the information they need at their fingertips to make quick decisions about a company. They have evolved into true strategists who base their outcomes on practical data. There is no room left for intuition or guesswork. Every business decision is backed by solid, data-driven reasons.

Simply put, Sage Intacct partners with and empowers CFOs with the information they need to excel at their jobs in today’s financial world.

Professional Services

Professional Services: A recent survey of over 600 professional services organizations conducted by Service Performance Insight shed new light on performance expectations in various key areas. The businesses surveyed included IT consulting, management consulting, marketing, accounting, legal and additional types of service-based businesses. The identified key performance indicators (KPIs) can help businesses benchmark their financial data and identify where they need to focus as they continue to grow.

Cash Flow – Reissuing Invoices
Cash Flow – Billing Cycle
Cash Flow – Collections
Utilization
Write-offs
Project Profit

Click here to read more information about how Sage Intacct is driving growth for Professional Services companies like yours.

Financial Services

Financial Services: Sage Intacct has become the #1 accounting software for more than 670 financial services firms that collectively manage more than $1.3 trillion AUM. Top-performing finance leaders care for their assets under management through direct investments and real estate, add new legal entities in minutes, and make data-driven decisions based on consolidated, multi-entity financials.

Fast consolidations without tedious Excel tasks
Multi-dimensional reporting and data with real-time visibility
Cost management, internal control assignment, risk minimization

Click here to read more information about how Sage Intacct is driving growth for Financial Services firms like yours.

Non Profit Organizations

Not-for-Profits: Sage Intaact helps non-profit organizations pursue their missions more efficiently.

Fast consolidations to manage your organization’s complexity
Comprehensive fund accounting
Stronger internal controls and tighter cash management
Complete visibility and transparency

Click here to read more information about how Sage Intacct is driving growth for Nonprofit Services firms like yours.

Technology & Software

SaaS Companies: Sage Intacct’s SaaS metrics dashboards calculate CAC, CLTV, CMRR, Gross Churn, Customer Churn, and other vital KPIs. Subscription management software uniquely lets you tag unlimited dimensions on your journal entries to provide the calculations for real-time SaaS dashboards, enabling:

Early-stage firms to prove revenue models
Growth-stage firms to prove net renewal models
PE-funded firms to expand EBITDA