Sage Intacct is a cloud-based accounting software that helps users automate complex financial processes and merge data across hundreds of entities in just minutes. Its features include real-time reporting, order management, and a general ledger. Upon research, I found that its prices reportedly start at $15,000 per year for small businesses, and it’s best for accounting firms, financial services providers, healthcare organizations, and nonprofits.
Flexible and easy to use
General ledger is not that great
Excellent reporting functionality
Fixed asset module needs improvement
Responsive technical support
Who Sage Intacct Is Best For
- Accounting firms that manage sophisticated financial tasks: It helps build agile accounting teams by helping them consolidate data across multiple entities, fulfill compliance requirements (including Generally Accepted Accounting Principles (GAAP) and front-to-back office audit trails), and streamlines difficult tasks (such as project accounting and fixed assets).
- Software companies that need to measure their software as a service (SaaS) metrics: Its dashboards provide a calculation of essential SaaS metrics such as customer lifetime value (CLTV), common-mode rejection ratio (CMRR), customer churn, and gross churn, helping users improve their customer engagement strategies.
- Healthcare organizations that need to comply with the Health Insurance Portability and Accountability Act (HIPAA): Medical service providers who need help with HIPAA compliance may benefit from Sage Intacct’s advanced audit trail. Its website claims that it’s the only financial software provider that is eager to enter into a business associate agreement with qualified healthcare clients.
- Nonprofits that require a multidimensional database: Its sophisticated database allows nonprofit organizations to consolidate their data and activities across multiple locations, grants, and donors.
Sage Intacct Pricing
The Sage Intacct pricing guide isn’t published on its website because it offers customized packages. However, I found a third-party website that says that Sage Intacct’s customers spend anywhere from $15,000 to $35,000 per year, on average. Factors that may affect prices include the numbers of users and modules to be implemented.
Sage Intacct Alternatives 2020
Businesses that want the most widely used small business accounting software that scales as they grow
Solopreneurs and freelancers who need to streamline customer invoicing and payment collection
Businesses in the nonprofit, manufacturing and distribution, professional services, contracting, and retail industries
Businesses that use other Zoho products like Zoho CRM
Sage Intacct Features
Sage Intacct makes it easy for users to process and simplify tedious and repetitive financial tasks such as budget planning, expense management, and financial reporting. I have compiled some of its top features to help you decide whether or not Sage Intacct fits your accounting needs.
Users may generate 150 built-in financial reports or utilize customized versions across different metrics to help them analyze their business performance in real-time.
It streamlines the different aspects of order management, from processing and inventory to pricing structures. Simply input orders and it will then automatically create data out of it.
Sage Intacct’s multidimensional general ledger makes it easy for users to manage sophisticated financial tasks across multiple entities, whether locally or globally. It enables them to merge data with the push of a button, manage currency conversions, and generate consolidated reports without having to wait for the end of the month.
Say goodbye to spreadsheet-based forecasting with its advanced budgeting tool. It provides users with a more efficient and secure way of building and editing budgets.
Most Helpful Sage Intacct Reviews
Users who gave positive Sage Intacct reviews like that it is easy to use and customizable. Others praised its wonderful reporting functionality, while some were pleased with its responsive customer support team. Meanwhile, those who left negative reviews are unsatisfied with its general ledger and fixed asset module.
Easy to use & flexible
“It is generally easy to use and flexible with various types of organizations, as opposed to competitors. It is pretty forgiving for the most part.”
— Ashley Woodard
Fixed asset module is not that great
“There are a few modules that Sage Intacct acquired from a third party that do not seem to work seamlessly and are a bit clunky (e.g., fixed asset module) compared to the Intacct modules that were created by Intacct for Intacct.”
— Zane Stevens
Sage Intacct Frequently Asked Questions (FAQs)
What does the free trial include?
It includes a customized company where users may enter and update information, see actual reports, watch videos of premium features, and add colleagues to the platform. Please note that Sage Intacct will remove any data you entered when the trial ends.
What sophisticated accounting tasks can it help with?
It can help users deal with difficult accounting tasks such as project accounting, sales and use tax, subscription management, fixed assets, and revenue recognition.
How does it help speed up the payment process?
Sage Intacct’s Vendor Payment Services integrates with American Express Global Commercial Services to automate checks, ACH, and American Express card payments, which speeds up the process.
Our Top Accounting Software Provider Picks
If you aren’t sure that Sage Intacct is right for you, then this article on the 4 Best Accounting Software is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations down based on features like detailed financial statements, invoicing, and bill tracking.