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Sage Intacct Frequently Asked Questions

Commonly asked questions and answers

Sage Intacct Frequently Asked Questions

Commonly asked questions and answers

Sage Intacct Frequently Asked Questions

Commonly asked questions and answers

Sage Intacct

Is Sage Intacct cloud-based?

Absolutely, yes. Sage Intacct is entirely cloud-based meaning it can be used anywhere in the world from any internet-connected device. This has massive benefits for multi-location organisations spread across international borders. This also means that up time is guaranteed.

Is Sage Intacct an Enterprise Resource Planning (ERP) system?

Although Sage Intacct is often classed as an ERP online, it is best to think of it as a best-in-class cloud-based accounting, financial and business management software suite of solutions.

What is Sage Intacct used for?

Sage Intacct is used by many midsize to larger and international organisations to seamlessly manage accounting, provide multi-dimensional financial reporting and automation of critical billing processes.

It enables you to get instant visibility on your financial operations, reducing time and manual errors. It is a scalable solution that grows as the organisation does.

What is the strongest feature of Sage Intacct?

Sage Intacct has strong analysis & reporting capabilities, but there are even more contributing factors to its reputation as the Best-In-Class Cloud Financial Management Tool (reference):

Who owns Sage Intacct?
  • Intacct was first launched in 1999 in San Jose, California as one of the first financial and accounting systems for the cloud, aimed to businesses with consolidated ERP and e-commerce features.
  • July 2017 – Intacct was acquired by Sage PLC for $850million, and rebranded as Sage Intacct Source
  • UK Launch – Sage Intacct launched in the UK in November 2019.
  • The software has now more than 20,000 customers and nearly 500 employees across the world.
What are the Sage Intacct Core modules?

Sage Intacct has six Core Financial modules, these are the foundation layer for every implementation. These modules are:

  1. Sage Intacct Accounts Payable
  2. Sage Intacct Accounts Receivable
  3. Sage Intacct Cash Management
  4. Sage Intacct General Ledger
  5. Sage Intacct Order Management
  6. Sage Intacct Purchasing

Alongside the Core Financial functionality, the system caters for some additional modules, such as:

  • Dynamic Allocations
  • Contract Management
  • Fixed Assets
  • Inventory Management
  • Multi-Entity and Global Consolidations
  • Project Accounting
  • Revenue Recognition
  • Spend Management
  • Time and Expense Management
  • A.T.
  • Vendor Payment Services

Sage Intacct is made to adapt and fit seamlessly in your day-to-day operations.

Contact us and we will help you build a tailored solution to suit your business needs.

What are the available Sage Intacct integrations?
  • Integration capabilities: With an open API, Sage Intacct can be integrated with external applications such as CRM (an existing integration is with Salesforce), ERP, payroll & HR systems, etc.
  • Sage Intacct has a rich ecosystem of ISV partners to bring best of breed solutions together. You can find more about the Sage Intacct marketplace here https://marketplace.intacct.com/
  • Sage Intacct also has a Sage ecommerce solution called Intellisell which supports those Intacct customers wishing to pursue an omni channel, online strategy.
How much does Sage Intacct cost?

Sage Intacct is sold using a SaaS pricing model. Fees are charged monthly or annually and includes all hosting costs, full access to Sage Intacct software and automatic access to upgrades. Typical implementations can be between 15 and 20 days and need to be factored into your budget.

Contact us to receive a free quote on the day.

Is Sage Intacct an award-winning solution?

Since its launch, Sage Intacct has gained many international recognitions, becoming one of the most sought-after financial management suites for midsize and global enterprises.

Some of the most striking awards include:

  • May 2016 – Best in Biz Awards – Winner of the “Best New Product of the Year Award” for Sage Intacct Contract and Revenue Management, Source
  • 2019 – G2 Technology Reviews website – Best Mid-Market Products for 2019. Intacct was given the highest customer satisfaction score in both accounting software and ERP Suites Source
  • June 2020 – Gartner – Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises – Intacct seen as a visionary product for cloud-based core financial management applications, Source
  • January 2021 – Trust Radius – Best of Finance Software for 2021, Accounting Software – best feature set and best for usability Source
  • November 2017 – November 2021 – Awarded the highest product score in the Core Financials Critical Capabilities Report by Gartner for 5 consecutive years Source
What products are Sage Intacct competitors?

Sage Intacct is an award-winning, market leader in cloud-based accounting and business/financial management software. Numerous products compete with Sage Intacct to varying degrees, these include:

  • Acumatica
  • Chargebee – for Subscription Management
  • Epicor
  • FinancialForce Financial Management
  • FreshBooks
  • Microsoft Dynamics
  • NetSuite
  • Odoo
  • QuickBooks
  • Xero

If you are considering migrating away from any of the above to Sage Intacct, call CPiO on 0344 880 6140 today.

Is Sage Intacct a popular choice in my industry?

Sage Intacct is used across a broad spectrum of industries, with some of the most popular being:

  1. Financial services
  2. Franchising
  3. Healthcare
  4. Hospitality
  5. Subscription & Software as a Service (SaaS)
  6. Non-profit organisations
  7. Professional services
  8. Wholesale and Distribution
  9. Construction and Real Estate
  10. Marketing agencies and tech

Here are some statistics, which analyse Intacct usage by organisational revenue and number of employees.

 

Size of the organisation by revenue

Research shows the revenue per organisation using Sage Intacct is:

  • $0 – $10million – 19.5%
  • $10million – $100million – 63.1%
  • $100million – $1billion – 16.5%
  • $1billion – 0.9%
  • Source: Apps Run the World

 

Number of employees

Research shows the number of employees per organisation using Sage Intacct is:

  • 0 – 100 employees – 25.2%
  • 100 – 1,000 employees – 66.5%
  • 1,000 – 10,000 employees – 7.8%
  • 10,000+ employees – 0.5%

 

Source: Apps Run the World