Sage Intacct Software For Holistic Accounting Management
Sage Intacct is a cloud-based accounting software that is highly favoured among mid-sized and growing businesses. Supported by the flexibility of the cloud, it can promote the operation capabilities and reduce the cost of managing physical IT framework. The robust reports in the Sage Intacct software offer useful insights into the key performance indicators of the business, enabling them to make the right decisions to support their growth.
Primary Features of Sage Intacct Accounting And Financial Management Program
Sage Intacct is an excellent cloud-based accounting solution that offers some impressive accounting features that can help your business thrive. The primary features accessible through the software are:
AI-Powered Accounting
The AI powered accounting processes can automate most of your recurring tasks, saving hours of manual work. You can automate your account payables and detect discrepancies within the general ledger with the help of artificial intelligence. In addition to the increased accuracy, you can also boost the efficiency of your team by 40% or more.
Payroll & HR Competencies
Sage Intacct is a one-stop solution wherein businesses can handle their accounting, calculate payroll, and manage human resources. Its comprehensive dashboard provides a single data source for accessing the payroll and people’s data. Besides, you can have a real-time preview of your payroll liability.
Seamless Integrations
You can integrate Sage Intacct with industry-leading applications that can support different competencies of a business all at one place without needing to move to a different application. Besides, it enhances the productivity to a great extent by simplifying your operations. Accessing and analyzing data with the cross-platform functionality enables users draw insights and conclusions much sooner.
Insightful Reporting
Sage Intacct offers an interactive visual explorer that gives a multi-dimensional analysis of your financial data. With more than 25 data visualization types, it helps you gain better insights into the important aspects of your business performance. Furthermore, it also offers predictive analytic insights, which allow users to estimate their growth in the future. Relying on the insights, you can make the right decisions to accelerate your business growth.
Powerful Budgeting
Keeping your budget in check can help you prevent the costly overruns. Sage Intacct helps users keep an eye on their estimated budget by enabling the real-time tracking of the actual expenditure. Thus, you can compare the actual spend and estimated budget and manage your money flow effectively. By monitoring the financial performance, you can improve the decision making.
Sage Intacct Benefits
Companies that rely on Sage Intacct software to manage their financial accounting acknowledge the product for its incredible benefits. The most applauded benefits of the product are:
Better Flexibility and Collaboration
Sage Intacct is 100% cloud-based application, enabling anytime anywhere access to the financial data and seamless collaborations with the team. Thus, you can enjoy a seamless accounting devoid of the stress of installing software to the local computer and updating software to access the new features. The updatesare automatic enablingthe latest security features.
Streamlined Cash Collection To Reduce AR
If you are chasing your account receivables endlessly, Sage Intacct can support your cash flow by reducing the invoice and payment cycles. You can send automated collection notices from within the tool to make collections painless. Moreover, you can track customer histories and ageing balances with its configurable dashboards and reports.
Big Saving In Operating Cost
Sage Intacct Cloud can help you save money at different stages of the software deployment and use. In the first place, you can deploy it to the clouds and save the cost of the physical infrastructure, hardware purchase and maintenance. Additionally, it can be integrated with the top-payment applications and saves the invoice processing costs.
Improved Visibility To Data
The customized dashboard and menus in Sage Intacct software allows users to access their favourite functions and reports at their fingertips. Having access to the crucial accounting information handy can help business owners get a better visibility of data when it comes to an important decision making. Thus, it can also minimize the manual labour, thereby improving the efficiency and productivity.
Custom-Curated Software Package
Sage Intacct is a custom-curated accounting software that can be seamlessly customized to meet the specific requirements of the businesses. Why to pay for the undesired features when you can get what your business precisely need. Besides, being a cloud accounting application, it is super easy to scale up based on your expanding or newly emerging business needs.
Sage Intacct Pricing| How Much Does It Cost?
The Sage Intactt cost for an annual subscription starts at $10,320, which includes the basic features. It offers a minimum of 1 user license, one business entity and core accounting features you may want to handle your business accounting. However, you can customize the application based on your specific requirements and pay the pricing accordingly. So, the annual subscription cost ranges from $15,000 to $35,000. You can understand the Sage Intacct pricing structure by considering the following points:
1: User License
The accounting application costs as per the number of users. In addition to it, the pricing also differs based on the full access or limited access to the application; therefore, determining the access levels can also affect the pricing.
2: Business Entities
The core financial management bundle includes a legal business entity having balanced accounting books with tax reporting capabilities. However, if you add more legal entities to the bundle, it will cost you more money.
3: Core Features Vs Advanced Modules
The base package of Sage Intacct software offers core financial management features, such as General Ledger, Accounts Payable, Accounts Receivable, Cash Management, Order Management, Purchasing and several others. However, access to the Advanced Modules over the base package, also referred to as the add-on modules, is available at extra cost. Some of the main features that come in add-on modules are Payroll and HR, Planning, Fixed Assets, Inventory Management, Project Accounting and several others.
4: Implementation Cost
Now that you are at the implementation stage, the annual subscription cost will include integration, customization, data migration from the legacy system, and the implementation range (low or high-end). These are some crucial factors that determine the pricing of the Sage Intacct software.
Getting Started With Sage Intacct
The cloud-based application can be accessed anytime, anywhere from your mobile device without needing to install it to your computer. Sage Intacct login from your phone or other devices lets you access all its features. After setting up your account, you can customize the platform as per your
Access Common Tasks/Reports With Ease Using the “Favourite” Option
The tasks or reports you need to open frequently in Sage Intacct can be added to your favourite using the star icon next to them. After adding them as favourites, you can locate them easily on the top corner of the page. Thus, you navigate to these tasks and reports with the utmost ease and also align them in a preferred order using the drag-and-drop option.
Customize How You View Your List Data
You can create a new view for your list data and customize it at your convenience. Using the List View option in Sage Intacct, you can customize supplier lists, customer lists, invoice lists and several others. Thus, you can see varied information by bringing them to the list. All you need to do is checkmark or unmark the boxes against the lists. Also, you can drag and drop the information in the order you want to see it.
Create A Personalize Dashboard
Dashboard customization is also included in the long list of customization features. You can create a dashboard that includes the information you may need now and then. When in the application menu, you are supposed to click on Dashboard and then PLUS (+) sign. Thus, you can create your own personalized space with the reports and data you need at your fingertips. This Sage Intacct planning, as per your preferences, allows users to make the most out of their accounting application.
What Is The Difference Between Sage And Sage Intacct?
Sage 50 and Sage Intacct are some of the most used products of Sage and are preferred among small and mid-sized businesses. They share many common features; however, there is a significant difference in the way these applications are deployed, used, and priced. The below-given pointers emphasize the common differences between Sage and Sage Intacct:
1: Cloud-Based Vs Desktop Installation
Sage Intacct is purely a cloud-based application and it is not installed to a local device. Sage Intacct log in is possible on various devices, such as web-browser, iOS, and Android. Sage 50 on the other hand, is a Desktop-based accounting software you need to download and install to your system. Although, the cloud-supported add-on is also available for the Sage 50 account using which, you can run it on the cloud.
2: Scaling Up To Meet The Emerging Needs
Sage Intacct software offers seamless scalability when your business needs enhanced functionalities. You can scale it up or down with ease as per your requirements. By enhancing the capabilities of this cloud-based accounting application, you can manage voluminous transactions, data, and users. Contrarily, Sage 50 is installed to the local system and despite its ability to handle extensive data and transactions, its scalability is limited. The processing ability of the system to which it is installed can limit the scaling abilities of Sage 50 accounting software.
3: Integration With Other Tools
Integrating tools with the accounting and financial management applications can give them more power, enabling them to accomplish more without needing to move to a different software. When the two applications are compared on their abilities to integrate with the other applications. Sage Intacct takes the lead. On the other hand, Sage 50 has limited set of integrations with the CRMs, ERPs, and payment processing applications.
4: Pricing
Sage 50 has a perpetual license model, which means you can purchase a license to use the software forever. In contradiction, Sage Intacct is a subscription-based product, and you need to renew the subscription after a certain interval of time. There are multiple factors that can affect its pricing. Their price ranges are: Sage Intacct: $400 to $1,500 per month or more. Sage 50 (Single-User Mode): $299 and $1,499. Sage 50 (Multi-User Mode): $1,599 and $3,499. You can discuss with your accounting team and deploy a suitable product after comparing their capabilities and limitations and if they align with your specific requirements or not.
Final Words
If you are willing to adopt Sage Intacct software to manage your business accounting, you must’ve found this post helpful. The coverage of different aspects of the software can help you understand the product better. If you have any queries related to the product or need to get started with it, you can reach out to Sage Help Desk. The experts can assist you in deploying this cloud-based accounting software and save you money through the personalized deployment of the tools as per your business needs.