How Sage Intacct Helps Businesses Scale & Grow
Not all accounting solutions are created equal. Entry-level software is perfect for start-ups and small businesses, but as your business grows, you may find that your software starts to hold you back.
Sage Intacct is popular with growing small to medium sized businesses of all different industries, thanks to its flexibility and feature-rich interface.
In this article, we’ll go through the different ways Sage Intacct helps growing businesses scale and unlock further growth.
6 signs it’s time to move to Sage Intacct
As your business grows, adding more transactions, people and complexity, your software needs to evolve with you. Here are 6 signs it’s time to upgrade your accounting software:
- Reporting takes hours, causing delays, outdated insights and inaccuracies
- You rely heavily on spreadsheets to bridge the gaps in your software
- You’ve built complicated workarounds to keep operations running
- It takes at least a week to close the books for month-end
- You manage multiple companies, entities and locations
- Dispersed teams across different locations, entities and remote working
Let’s dive into exactly how Sage Intacct helps with business growth.
Fully Cloud-Native Platform
As a cloud accounting software with all the trimmings, Sage Intacct is accessible, flexible and scalable by nature. The robust infrastructure is built to easily handle large amounts of data, so you can grow without worrying about performance issues.
It’s accessed via a web browser, without any need for VPNs or remote access servers. That means you can work from anywhere with an internet connection, so it’s perfect for businesses with teams spread across different locations.
In fact, you don’t need to worry about servers and costly server maintenance at all. Sage takes care of the hosting for you, and continually invests in the latest cyber security and cloud hosting technologies to keep your data safe.
There are 4 updates each year, which are automatically rolled out to all customers, without any upgrade costs or downtime. Extra entities, modules and users can be instantly added anytime, and there are lots of additional modules to choose from, including Sage Intacct Planning, Project Accounting, and Grant Tracking and Billing.
Sage Intacct’s open API enables seamless integration with just about any application you like. There are also pre-built integrations with popular platforms such as Salesforce, Shopify, and Avalara.
Multi-Entity & Multi-Currency
As companies expand through new acquisitions, locations, products/services and markets, it becomes increasingly difficult for the finance team to juggle it all.
Sage Intacct has all the tools you need, regardless of how complex your organisational structure is and whether you have entities or locations in different countries.
Multi-entity and multi-currency features:
- Access all your entities and locations in one place
- Local and global consolidation with inter-company eliminations
- Auto-balancing journals for inter-company transactions
- Monitor performance across the whole organisation with dashboards
- Easily pull together data from different entities and locations for reporting
- Tools for juggling various tax and compliance requirements
- Automatic currency conversions using the latest exchange rates
While Sage Intacct makes everything accessible in one place, it also gives you complete control over what users can see and do. Choose from user-based or role-based permissions to tailor user access to suit your needs.
Dashboards & Reporting
Spreadsheets and rigid reporting tools make generating even routine reports long and painstaking. Not only that, but outdated insights don’t give you enough confidence to make important strategic decisions.
Sage Intacct has sophisticated reporting and dashboard tools to bring you the insights you need, how you want them.
The dashboard tools enable you to build custom dashboards which display the KPIs and statistics that matter most to you, all in one place. Filters allow you to tweak the view and compare performance across different companies and entities.
Dimensions enable you to go beyond the limitations of the traditional chart of accounts by tagging every transaction as they’re entered. These allow you to filter and structure your dashboards and reports with as much detail as you like.
The flow of data in real-time means you get up-to-date insights that always reflect the state of the business, and reports can be scheduled to automatically run and be delivered to the relevant people. All of this allows you to make strategic decisions anytime, not just at month-end.
AI & Automation
As your business grows, so does your workload. By automating processes, you’re able to eliminate manual and time-consuming tasks, so you can focus your valuable time and energy on more impactful tasks.
Sage Intacct has a variety of automation tools, including:
- AP Automation: Uses AI to automatically populate Purchase Invoices and match to the corresponding Purchase Order.
- Approval workflows: Ensures purchasing transactions are sent to the relevant approver, based on the parameters you specify.
- Bank reconciliation: Uses bank feeds and matching rules to automatically reconcile your bank accounts.
- General Ledger Outlier Detection: Uses AI and Machine Learning to flag potentially suspicious transactions.
- Revenue Recognition module: Takes care of your revenue recognition, saving time and ensuring compliance.
Sage’s very own AI-powered productivity assistant, Sage Copilot, sits within the platform. It helps with various processes, such as variance analysis, month-end close and finding quick answers to product-functionality questions.
See for Yourself
Sage Intacct doesn’t just keep up with growing businesses; it paves the way to long-term success by giving you the tools you need to handle increased pressures, optimise your efforts and keep driving the business forward.
If you’d like to see how Sage Intacct could work for your business, that’s where we come in. Whether you’ve got any questions or you’d like a demo or quote, let us know via the enquiry form and we’ll take it from there.
