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Seemless Muti-Entity Multi-Currency Consolidations
What do you like best about the product?
When we were searching for a new accounting system to replace QuickBooks there were several requirements that were necessary have in our search and evaluation.
1) Seamless Consolidation of Muti-Entities using multiple currencies.
2) The ability to use dimensions to reduce the size of our chart of accounts.
3) Dashboards for key operating metrics and report distribution for management.
Intacct hit on all three of our requirements in a big way. The consolidation is now prepared with the push of a button whereas in the past with QuickBooks the consolidation was a very manual and time consuming process in excel that generally took about a week to prepare.
Using dimensions, we are able to tag each transaction with key attributes that were important for our end using reporting. The use of dimensions has allowed us to create multiple reports utilizing locations, regions, cost centers etc.
Dashboards have been a great way to eliminate paper reports by creating custom dashboards with key operating metrics for each manager. These dashboards are real-time and allow management to makes decisions with timely, accurate data.
4) Upload templates have also been a huge time saver for input of journal entries and accounts payable bills.
1) Seamless Consolidation of Muti-Entities using multiple currencies.
2) The ability to use dimensions to reduce the size of our chart of accounts.
3) Dashboards for key operating metrics and report distribution for management.
Intacct hit on all three of our requirements in a big way. The consolidation is now prepared with the push of a button whereas in the past with QuickBooks the consolidation was a very manual and time consuming process in excel that generally took about a week to prepare.
Using dimensions, we are able to tag each transaction with key attributes that were important for our end using reporting. The use of dimensions has allowed us to create multiple reports utilizing locations, regions, cost centers etc.
Dashboards have been a great way to eliminate paper reports by creating custom dashboards with key operating metrics for each manager. These dashboards are real-time and allow management to makes decisions with timely, accurate data.
4) Upload templates have also been a huge time saver for input of journal entries and accounts payable bills.
What do you dislike about the product?
I really cant find anything that I dislike in the system.
What problems is the product solving and how is that benefiting you?
The benefits of Intacct have been significant. From a time saving perspective we have saved many man hours per month when we implemented Intacct. Now more time can be spent reviewing the data and being able to make timely decisions on accurate data.
The controls around the system prevent transactions from being deleted. There is always a great audit trail. I felt with QuickBooks there were no controls over data input and modifications.
The most important benefit has been being able to produce timely accurate data with the ability to deliver seamless reports and dashboards to senior management so that the business decision makers have timely and accurate data at their fingertips to make smart decisions.
The controls around the system prevent transactions from being deleted. There is always a great audit trail. I felt with QuickBooks there were no controls over data input and modifications.
The most important benefit has been being able to produce timely accurate data with the ability to deliver seamless reports and dashboards to senior management so that the business decision makers have timely and accurate data at their fingertips to make smart decisions.
Recommendations to others considering the product:
Is a great system and give it my highest regards.
Controller
What do you like best about the product?
Intacct is a real cloud based application
What do you dislike about the product?
It would be nice to have a payroll module which is currently only available though partners
What problems is the product solving and how is that benefiting you?
Fund accounting, we are able to keep track of all the different funds in one software.
Intacct is an efficient system that has allowed us to manager 50 joint venture entities with ease.
What do you like best about the product?
I like that Intacct is easy to navigate, it's reliable, flexible and handles complicated entity structures.
What do you dislike about the product?
I think the report formatting could be easier.
What problems is the product solving and how is that benefiting you?
Moving to Intacct has allowed us to dump off Excel consolidation schedules which has saves us hundreds of hours of work and we became much more efficient at the same time.
Recommendations to others considering the product:
Find out all the modules that you need and implement them right away. Utilize all the Intacct has to offer, the sooner you do the more efficient you will become.
User friendly
What do you like best about the product?
Coming from public accounting this is the first accounting software I have used for private accounting. I found it easy to use and learn.
What do you dislike about the product?
Reporting function is tricky sometimes to customize exactly how you want. I have been told that Intacct will be releasing an updated platform for this.
What problems is the product solving and how is that benefiting you?
Automation of monthly reports which were in the past done manually. Big time saver!
Great Product.
What do you like best about the product?
Ease of use and common data base. Pricing
What do you dislike about the product?
AP & AR modules need more work. Cannot break a single invoice into multiple charges to different locations and get an accurate aging buy location.
What problems is the product solving and how is that benefiting you?
Improved efficiency and reduced people costs
Recommendations to others considering the product:
Great product for companies with multipe operating divisions
The heart of our paperless finance solution
What do you like best about the product?
Intacct has allowed us to create a paperless finance office, and we love how Intacct integrates with our other solutions such as Adaptive Insights, ADP, bill.com, Blackline and Tallie
What do you dislike about the product?
Custom Reporting tools could be improved. We understand that new tools are soon to be released.
What problems is the product solving and how is that benefiting you?
Dashboards give real-time results to manage the business. Statistical accounts allow us to measure financial performance based on non-financial metrics. Time to close is shorter as tedious manual processes with spreadsheet uploads are greatly reduced. Audit review is so much easier as auditors can be given access to the system to pull their own backup and audit trail for transaction review.
Recommendations to others considering the product:
Changing accounting systems is always more work than you think, and your finance team has day to day work to do, so you need more resource and more time than you expect.
Handles the complex stuff great, but not some of the basics
What do you like best about the product?
My non-profit organization receives revenue through many different sources, including grants, government contracts, consulting contracts, individual contributions, rent received through properties we own, and developer fees for properties we're redeveloping. We have 2 LLCs as well that we manage. Intacct does a great job of helping us manage the nitty gritty financial details associated with all of our projects.
What do you dislike about the product?
It doesn't help us with some basic features, like time/expenses and invoicing. We have to use separate applications for these functions. I think it offers the some features related to these functions, but we'd have to pay $20K more a year (or something like that) before they'd be made available for us.
What problems is the product solving and how is that benefiting you?
Helping us to track, manage, and create reports related to our complex financial infrastructure
Great Product
What do you like best about the product?
We started utilizing Intacct 5/6 years ago when we much smaller. Product was able to scale with us in full and really allow us success in becoming a public company and managing M&A entities as we scaled.
What do you dislike about the product?
Nothing off hand is really noted from the product. We are very happy overall
What problems is the product solving and how is that benefiting you?
We have received many benefits from ease of consolidation, to managing very large amounts of data in our system.
Recommendations to others considering the product:
Great product and great management team We cannot say enough things about this product and how great Aaron Harris and his team has been. Armanino has also been a great support team
Overall, a very solid Product
What do you like best about the product?
Reporting features are very valuable, and the ease of integration with other applications allows us to maintain a single source of truth across the enterprise.
What do you dislike about the product?
The product is not very flexible with regards to making profile adjustments. When a name is incorrectly entered, we must delete the record and create a new one. Since we use Intacct to drive many other applications, it creates duplicate entries in other apps that we use.
What problems is the product solving and how is that benefiting you?
We required a robust accounting software that would enable us to manage our GL, as well as invoice customers. As a major source of data, Intacct has also assisted us on the reporting side, serving as a beneficial dashboard for key financials, as well as for HR metrics.
Such an adaptable accounting solution for any organization type.
What do you like best about the product?
the customization is by far the best I have seen.
What do you dislike about the product?
not enough man hours to really perfect the system and get it running to its optimum potential
What problems is the product solving and how is that benefiting you?
bookkeeping
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