Boosting Accounting Team Productivity
There are lots of factors that impact your accounting team’s productivity – including your processes, planning and the expertise in your team. However, the one factor that you can’t get away from is how well your accounting system meets your needs.
Sage Intacct is one of the leading cloud accounting software platforms and is proven to help you save 40+ hours per month on financial reporting alone!
In this article, we’ll go through the different ways that Sage Intacct boosts your accounting team’s productivity by up to 65%.
Accessible From Anywhere
Gone are the days of being chained to your desk. With Sage Intacct, your office can be anywhere with an internet connection. Just open your browser, log into Sage Intacct and you’re ready to go. This makes it an ideal solution for staff working remotely or professionals on the go.
Need to approve something while away from the business? No problem. You can easily view approvals and pull up dashboards in the dedicated mobile interface, or switch to the full Sage Intacct site to update financial data. Business doesn’t have to stand still just because you’re away from the office.
Processing Speeds & Uptime
If loading screens and crashing are part of your team’s daily routine, this is a common sign that your accounting system can’t handle the volume of transactions you’re handling on a regular basis.
Sage Intacct has the capacity to handle large volumes of data without breaking a sweat, making it perfect for growing businesses. Plus, with the 99.8% uptime commitment, you’re assured that you won’t get stuck watching the spinning wheel of doom during busy periods or rapid growth.
Simplifies Processes
Sage Intacct has better ways of doing many of the fiddly processes which impact your team’s productivity. Here’s a taste of what it can do:
- Automated inter-company transactions: Automatically posts the corresponding journal entries for transactions between entities
- Approval workflows: Automatically sends a request or payment to the relevant person for approval based on set rules
- Bank feeds: Transactions automatically flow into the system where they can be automatically matched – goodbye manual bank reconciliation!
- Multi-entity and multi-currency consolidation: Enables you to consolidate hundreds of entities in minutes to fulfil group reporting requirements
Cuts Down Manual Processes
Mindless and repetitive tasks are real productivity killers! Sage Intacct’s native automation features take care of many of these tasks for you, so you can energise and enrich your team with more rewarding tasks.
Manually entering Purchase Invoices into your system and matching them with Purchase Orders is a huge job for growing businesses and not the best use of time. AP Automation enables you to automate the process, improving accuracy and saving time.
Sage Copilot is an AI productivity assistant which essentially works like a chatbot and can assist you with a variety of tasks. You can ask for help with using the system, analysing variances, closing the books and subledger reconciliation.
Improves Accuracy
Mistakes and typos can slip through when you’re in a rush. Sage Intacct minimises this through replacing large amounts of manual input with automation.
For companies trading in multiple currencies with automated currencies set up, the system automatically references the exchange table and daily rate when you key in a transaction. This makes it quicker and easier to ensure you record data accurately.
Meanwhile, GL outlier detection continuously monitors transactions and uses historic patterns to flag discrepancies, so you don’t need to manually review every transaction.
The API technology talks to your external systems in the background, ensuring that data is synced and reducing the possibility of mistakes from re-keying data into different systems.
Unlocks Detailed Insights
Reporting and data are key to making well-informed strategic decisions but building reports is a time-consuming task without the right tools.
Sage Intacct effortlessly handles even the most complex reporting requirements through dashboards, reporting and dimensions.
- Dashboards: Provide a real-time view of KPIs through reports, charts and graphs.
- Reporting: Quick and easy with endless customisation and scheduling options.
- Dimensions: Tag transactions and operational data for deeper analysis.
Accounting Software Experts
Even the most talented finance team can only do the best they can with the tools at hand. If you’re considering whether Sage Intacct would be the best way forward, set up a call with our experts. They’ll discuss your requirements in detail and help you figure out if it’s the best fit for you.
For more information about Sage Intacct, complete the enquiry form.
