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Intacct has brought so many improvements!
What do you like best about the product?
Cloud based, intuitive program that has enabled us to improve our processes! Continual improvements to the program based on our user feedback! Intacct is easy to use and has saved me time in my daily processes which allows me to achieve more every day. I also really like that our IT group has been able to help us automate additional department processes by integrating other software to import data automatically.
What do you dislike about the product?
Some modules such as the prepaid and fixed asset don't seem as sophisticated as the main ledger and sometimes function differently. We've had a small number of transactions that have had errors but the system didn't have an error notification that we would have an error in the module. I think this might be because we've customized some of our dimensions and might need to implement some additional rules, so we're working on that. Overall even though we had a few errors I really like these modules over what we have used in the past; we're still receiving time savings by using Intacct for prepaid and fixed assets.
What problems is the product solving and how is that benefiting you?
improved processes and reduced time to complete processes in many areas!
Recommendations to others considering the product:
Intacct has improved our accounting processes and has saved us time and resources.
Sage Intacct - top cloud ERP
What do you like best about the product?
One of the best aspects of Sage Intacct is the ease of use. The user does not need to know the system front and backwards to get the information that he or she needs.
What do you dislike about the product?
Sometime the AP functionalities do not update to what is expected. Meaning duplicating a Bill in AP will create issues if you are not paying attention to what you are doing.
What problems is the product solving and how is that benefiting you?
One of the best qualities of the software is availability and access to the data. I can run reports all the time without having to wait for something to refresh overnight.
Recommendations to others considering the product:
Price to Quality is very important. The transition to Intacct woould be seemless.
Saving time & money
What do you like best about the product?
I love that Sage Intacct is cloud-based. Our team can access the platform from anywhere. We also really like the flexibility with dimensions. We can better understand the nuances of our expenses and revenue. The report builder is easy to duplicate and edit reports. I like that you can integrate Chatter. It's really easy to ask questions about expenses right in the system. I highly recommend that you use the feature of printing checks with signatures. We do that for checks under $10k and it really speeds up our approval processes. Another upside is how easily Intacct integrates with other systems. I like how easily the system integrates with Expensify. Expensify is a great tool and it integrates pretty seamlessly.
What do you dislike about the product?
I dislike the difficulty of reporting. Reports aren't as straightforward as in other systems. The fact that we can't run a report with any start and end date without ending the full report is odd. It's also difficult to upload our org. budget.
I wish it was easy to see who expenses were missing approvals from. We have multiple approvers and I find it difficult to know who to follow up with to ask for them to go in and submit their approval!
I also wish it was possible to see what other users see. Sometimes we're trying to troubleshoot and need to share screens to see what one another see.
I wish it was easy to see who expenses were missing approvals from. We have multiple approvers and I find it difficult to know who to follow up with to ask for them to go in and submit their approval!
I also wish it was possible to see what other users see. Sometimes we're trying to troubleshoot and need to share screens to see what one another see.
What problems is the product solving and how is that benefiting you?
We're solving the problem of enabling team members to have clear data about the expenses and revenue they're managing to. We're also problem solving around having the ability to access our financial records anywhere we go. Since the tool is cloud-based, it's easy to login wherever on a wide array of devices. The scheduled reporting also allows us to share financial information around the organization with little to no effort. Additionally, Sage Intacct integrates seamlessly with a number of programs that have helped us improve our efficiency and transparency.
Recommendations to others considering the product:
I would advise them to get a partner for implementation. I would also advise them to speak with people in their industry that use the tool. I would advise them to get really clear on what historical data they need from the old system prior to the migration.
A must read: Intacct in the office
What do you like best about the product?
The system provides good financial reports and best of all it produce them instantly. Since our bookkeeper keeps good records of revenue, bills and invoices the system does a great job at creating financial reports that are essential for any non-profit organization. Storing audit trails documents is another great component of the system. I also like the fact that Intacct is improving the system so that reports are becoming more interactive and user friendly.
What do you dislike about the product?
I Feel the payable & receivable modules have room to improve. Accounts payable lacks the ability to show how a payment was executed by looking at the list of bills. You need to click on each bill separately in order to find out how it was paid or who approve it. It would be nice if the accounts payable module shows the payment method Checks, ACH or wire tranfers right on the List of Bills and who approve that bill.
What problems is the product solving and how is that benefiting you?
Our company works on project so tracking each project "actual vs. budget is essential for our organization.
The organization is also looking forward to adding another ledger of business and to consolidate the two company when the times comes which is something that our company couldn't do using the previous software.
The organization is also looking forward to adding another ledger of business and to consolidate the two company when the times comes which is something that our company couldn't do using the previous software.
Recommendations to others considering the product:
The company is using Intacct to manage its Porfolio of about 20 different projects and so far the system is delivering with good financial reporting and ease to use for accounts payable and receivable.
Informative, fun & learn!
What do you like best about the product?
Sage Intacct has streamline and speed-up the multi-currency, multi-entity consolidation in just a click away. It has improved the month-close process with speed and efficiency. The customized capability in reporting allows the user to create useful financial reports and data analysis. Project reporting allows us to analyze profitability much more easily and timely.
What do you dislike about the product?
Lack of details for the consolidated general ledger at top level - would be great if the consolidated transaction could provide details like in the entity level. Report creation could be quite difficult for first time user, would be great if Sage Intacct will provide free online hands-on training for their customers to fully utilize the capability of Intacct.
What problems is the product solving and how is that benefiting you?
Financial Reporting - be able to generate consolidated financials in minutes and could easily carve out reporting by entities to see period performance vs budget for forecasting.
Project profitability analysis - It allows me to build a report that spontaneously calculate the profitability of each training (pulling revenues & costs from various GL accounts in different entities).
Project profitability analysis - It allows me to build a report that spontaneously calculate the profitability of each training (pulling revenues & costs from various GL accounts in different entities).
Recommendations to others considering the product:
Powerful & time-saving for businesses with multi-entities!
Robust accounting tool with numerous reporting features
What do you like best about the product?
I liked the flexibility and ease of creating and exporting reports.
What do you dislike about the product?
It was difficult to make changes to current reports without affecting others.
What problems is the product solving and how is that benefiting you?
We were able to track and report on A/R, A/P, and other accounting functions. We are realizing the most benefits from the reporting capabilities.
Intacct has been a great product for our company
What do you like best about the product?
Intacct is very user friendly platform and has lots of resources available within the Intacct community. Being able to submit issues or questions, along with having help on each webpage if it isn't clear how to use the product.
What do you dislike about the product?
I dislike that when there are updates made, it seems to change order of items I have bookmarked or made "favorite" for myself to access.
What problems is the product solving and how is that benefiting you?
For my company we are able to run reports in all entities that we manage along with being able to sort of different lines of businesses and categories. Many benefits to the product, we know we are able to contact Sage Intacct if we have any issues or concerns and we are helped within a timely manner.
Recommendations to others considering the product:
Make sure to explain your needs and how Intacct can meet those in an efficient manner. Spend time with "practicing" using the product to familiarize yourself with it.
Sage Intacct Conference delivers the best conference so far with relevance on today's finance issues
What do you like best about the product?
The CFO track was incredible. The sessions were relevant and incredibly helpful in how we are being looked to as change agents within our organization. The hands on elements really help ground me in what is needed and helped validate many of the areas I was already engaged in, but gave me some "food for thought" on how to improve. Finally, I loved the ability to have so many opportunities to network with other NFP finance professionals.
What do you dislike about the product?
I wish I could clone myself. There were many sessions I was interested in, but ran concurrent. That is a good problem to have from Sage Intacct perspective, but not so much for me.
What problems is the product solving and how is that benefiting you?
We had a complex revenue recognition issue that was solved with our initial implementation of Sage Intacct. Since then, we have seen many benefits with our integration of Nexonia, Joseph Eve Asset Management, and the improved report writer functionality. We have reduced both our monthly close time by 40%, but also seen our Auditors request for additional information reduced by 50%. I am know working on improving my reporting capabilities and dashboards.
Recommendations to others considering the product:
Work with a good implementation partner such as Armanino or CLA. Also, remember that once you implement and start using the product, you will find that you wish to add and redo some of your processes as Sage Intacct allows you to expand your horizons on efficiencies...but you won't realize that until you are in it.
Noble vision, but some accounting consult required
What do you like best about the product?
The collaborate feature, and how we can share specific transactions and tag people (involving notifications). Some of the tech-focused aspects such as the fixed assets module and how it's set up to automatically depreciation, but also able to be downloaded as a list. Great! We have hundreds, maybe thousands of assets and that's very much how we need to reconcile - as a list like that. The fact that every screen and every view practically can be exported to CSV/excel (great for accountants). The amazing conventions each year! The roles and permissions are very fine-tuned, which is also good. Allows managers take more control over deleting items or controlling transactions without cross over segregation of duties barriers.
Overall I appreciate the tech-oriented, forward-looking spirit of Intacct. There is a lot of potential.
Also, the Intacct Community and the Design Ideas getting up-voted then implemented by engineering team is also a great aspect and I see they do implement ideas so any of the points I mentioned in the 'dislike' section will definitely be resolved in time.
Overall I appreciate the tech-oriented, forward-looking spirit of Intacct. There is a lot of potential.
Also, the Intacct Community and the Design Ideas getting up-voted then implemented by engineering team is also a great aspect and I see they do implement ideas so any of the points I mentioned in the 'dislike' section will definitely be resolved in time.
What do you dislike about the product?
Sometimes I feel some of the nitty-gritty aspects such as the bank recon module and the general ledger reports were designed by software developers who sort of listened to accountants on the ground and interpreted what they heard but weren't really thoroughly designed by accountants on the ground. The Accounts Payable module has the date of the check showing as the date it's selected - not the date it's printed. This is like a basic Accounting System 101 no-no. Every accounting system in the world and every bookkeeper in the world will tell you that they expect to see the date a check is printed, not the date it's selected. I mean this isn't supplemental stuff - this is a seriously basic, fundamental feature that's core to the everyday workflow of every bookkeeper in the world. Similar core design decisions in the bank recon module and GL reports that makes bookkeepers and accountants scratch their heads.
What problems is the product solving and how is that benefiting you?
The way the reports are arranged with account groups means that if you set up account groups to be ranges rather specific accounts, you can sometimes capture coding errors more easily. For instance I can immediately flag expenses which might be unusual or incorrectly coded because I set the income statement report to grab a range of accounts, and little did I know an expense went to an account we barely use and never would have predicted. Sometimes this is because an accounts payable clerk wasn't sure about a transaction, which leads to us questioning an unusual expense.
It's helpful that the General Ledger report in Intacct has account ranges as well.
It's helpful that the General Ledger report in Intacct has account ranges as well.
Recommendations to others considering the product:
Excel pros advised.
Great web-based solution for non-profits
What do you like best about the product?
Sage Intacct is a user-friendly product with an established track record that has improved our financial processes and reporting. We've been able to close our month 4-5 days earlier than before. Our managers now have up to the minute access to their financial operations though drill-down capable customized dashboards. We've been able to integrate easily with other solutions to bring us to a new level of efficiency (budgeting/credit card expense reporting/donor management/AP Automation). The reporting available from SI made our prepration for our annual audit much more efficient.
What do you dislike about the product?
I would say the product is very powerful and flexible which also brings a level of complexity at times.
The support process has been a learning curve as well. Now that we understand the process, however, I believe we receive a good level of support.
The support process has been a learning curve as well. Now that we understand the process, however, I believe we receive a good level of support.
What problems is the product solving and how is that benefiting you?
We've been able to downsize our accounting staff from 4 to 3 after implementing Intacct along with other providers that have streamlined a number of our processes (credit card reconciliation, accounts payable and financial reporting). I have also seen some efficiency with our annual audit in being able to provide a read only auditor access log in for them to review their disbursement selections and other information they normally rely on us to provide.
Recommendations to others considering the product:
NA
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