Make the move to the cloud, unlock increased efficiency and future-proof your finance function
Sage 50 is a fantastic entry level accounting package and is by far the most installed and operated business software in the UK SME market today. However, company growth and development can put pressure on software, leading to a system that no longer matches your business requirements.
When you have worked and grown with a system for a long period of time, it is easy to miss the signs that you have outgrown it. You may not recognise that it no longer has the scalability you require, that it does not integrate with many other platforms and that you now find yourself living out of Excel. These are a few examples among others that it is time to start considering an alternative option like Sage Intacct.
Sage Intacct is best-in-class cloud financial software delivering deep accounting capabilities across multiple industries. Sage Intacct is a powerful, and successful, accounting solution which prides itself on its innovative features, powerful foundation and flexible integration connections.
You may be intimidated by the idea of the costs of moving to a new system, migrating your data, training your staff etc. However, in the long term, you will end up saving time and money if you invest in a finance solution that allows for automation, powerful functionality and can adapt with your business.
With Sage Intacct you can take advantage of:
- Real-time data, anytime, anywhere
- Flexible Reporting
- Accounting Automation
- Extensive Integration
- User-defined Workflows
- Scalable Architecture
- Multi-ledger System
- Internal Controls
When you upgrade from Sage 50 to Sage Intacct you have no need for extra servers, IT, software or increased staff costs. Cloud Accounting has proven its worth in helping catapult businesses into the next phase of their journey.
Sage 50’s foreign currency capabilities are limited and require manual user input when it comes to conversions. With Sage Intacct, you can automate the management of multiple currencies using up to date exchange rates for conversions and revaluations.
- Global Company Consolidation
As you may well know already, there is no functionality in Sage 50 to do any company consolidation inside the system. But with Sage Intacct, you can automatically consolidate companies even when they are subject to different legislations or in different base currency. There is no need for external spreadsheets, Sage Intacct will roll up everything within the system.
- Improve your Month End Process
Processes that are manual in Sage 50 are automated in Sage Intacct, automatic consolidation, automated revenue recognition postings and automatic bank feeds mean you can spend less time on month-end manual entry and more time on month-end insights and analysis with Sage Intacct.
- Contracts & Subscription Management
Sage 50 does not offer subscription management functionality. Sage Intacct however, boasts powerful subscription management functionality out of the box. With automated pricing and billing models, streamlined contract and subscription billing lifecycles, and the ability to integrate your billing with automated revenue recognition.
- Multi-Company Capabilities
While Sage 50 does have multi-company capabilities they are all held separately from one another. Not only does Sage Intacct allow for multiple companies, but it also allows you to eliminate intercompany transactions when consolidating, automatically.
- Powerful and Customisable Reporting
As your business grows so does your demand for better reporting capabilities. Sage 50’s reporting tools are extremely limited and lack the ability to have a more granular view of your financial data. Sage Intacct’s multi-dimensional general ledger allows you to get a truly dimensional view of your business, with powerful drill-down capabilities and access to real-time analytics.
- Foreign Currency Management
Where Sage 50’s foreign currency capabilities are limited and heavily manual, Sage Intacct allows you to automate conversions. The solution automatically uses up-to-date exchange rates and produces reports in either headquarters or local currencies
- Revenue Recognition
The revenue recognition functionality within Sage 50 is a manual process that can be extremely time-consuming and has risks of human error. Sage Intacct offers automated revenue recognition straight out of the box, helping businesses gain an accurate view of their financial position and also saving finance teams hours on manual journal entry.
If you would like to get in touch with a member of our team, we will be more than happy to provide more information about your upgrade from Sage 50 to Sage Intacct, and we’ll happily help you crunch the numbers. Call us on 01332 959008 or email [email protected]
Why work with PKF Smith Cooper Systems?
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Our business is built on long lasting, mutually beneficial business relationships. We provide quality service and solutions that work for our clients in the short, medium, and long term.
All our staff are fully accredited in the full range of the Sage 200 Suite and we will never sell you any third party add-on that our staff are not trained to deliver and support directly.
Book a FREE on-site visit to discuss how sage can help scale your business.
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