Sage Intacct - Simplified Accounting
August 08, 2018
Sage Intacct - Simplified Accounting
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Sage Intacct
Sage Intacct is being used for accounting and budgeting purposes. It is used across all department mainly for budget monitoring. It helps department managers track their departmental budgets and goals.
Pros
- Ease of use - the user interface is generally user-friendly and easy to figure out. The cloud-based interface is very helpful to access it anywhere. Various modules are designed well and logically.
- Use of Dimensions - Use of dimensions to track transactions by departments, locations, projects, etc., is very clever in the sense that you can maintain a fairly small list of a chart of accounts. This is extremely useful.
- The ability to attach electronic support for transactions, importing transactions via journal entries and ease of running/customizable GL reports is wonderful.
Cons
- The package we have provides only 2 Business User licenses for a decent annual cost. To add another Business User License is very costly. I think more Business User licenses should be provided for the base package. If you have an accounts payable person to enter bills, a CFO to review/maintain all accounting transactions, and a CEO to approve payments, having only 2 Business User licenses will not work. This is my # 1 issue with Intacct. I hope it can be addressed at some point.
- There must be a flag or something that should pop up when bills are entered without an attachment. This is extremely important to ensure all bills have a supporting document attached for audit purposes. Or, there should be a column on the bills page to show if an attachment is present or not for each bill.
- Great impact on managing organizational expenses as a result of allowing departmental managers monitor their budgets and goals.
- Helped greatly with audit at year end as a result of electronic support attached within Sage Intacct.
I selected Sage Intacct when it was just Intacct (before merger with Sage). I compared it against Financial Edge from Blackbaud. Financial Edge appeared to be more complicated based on user interface and it was also more costly.
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