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Sage Intacct Features

Hello, this is Adrian, one of the new Account Managers, and in my official first blog, I have the pleasure of informing you what #SageIntacct can bring to your business. I will be discussing four crucial functions, such as Order to Cash/Order EntryProcure to PayImmediate Visibilityand Multi-Entity Management, which could improve your approach to dealing with finance in your companyBefore I begin with features, I will give you a little information on what Sage Intacct is and the challenges many businesses are facing these days when it comes to financial management. 

Intacct is a sophisticatedcloud-based, financial management solution with an exceptional retention rate. This is because Sage Intacct is targeted at growing businesses looking for process automation, rich financial and operation insight, seamless integration with your existing application ecosystem, and cutting-edge features and user experience. The system has just turned 20 years old and has over 12,000 customers, from scale-up all the way to enterprise. Furthermore, the reasons why the system is so popular in the United States could be down to some of the modern issues associated with growth. For example 

- Do you have issues responding to customers in a timely manner, leading to lower customer satisfaction?  

- Is there multiple purchasing managers, increasing unnecessary spending?  

- Do you still write your reports in spreadsheets, causing redundant reporting?  

- Is there limited visibility with other company branches, causing decision-making based on out-dated information?  

- If any of this sounds familiar, Acuity have the solution for your business.  

- In the following section, I will outline how Intacct can solve these issues.  

Order to Cash Process


This can be found in the “Order Entry” section, available on the blue dashboard, whereby you can control your workflow order without having to re-enter data.  

What we’re looking at above is the process map for the Order Entry module. It has multiple functions, including aiding users in navigating the product but what I wanted to focus on is the “Tasks” section. Furthermore, the process map shows an information flow from Create a sales quote through to a sales invoice.  What this shows is that the workflow that can be achieved natively through the application. There isn’t a requirement to process quotes in our example, we simply start our process at the Order Entry stage. If there was, could you convert a quote into a sales order without having to rekey data? You most certainly could.  

Procure to Pay


Similarly to how I have positioned Order to Cash, the same workflow flexibilities exist in the ‘Procure to Pay’ functions within the solution. Are you a business who has a requirement to create Purchase Requisitions, or not? Do you have a requirement to convert these into orders or directly into invoices? However, you need to configure the system to operate in the way you do business, Sage Intacct and in-built workflow processes can assist and streamline the time spent rekeying data and processing unneeded transactions, simply because you’re forced to.  

The above screen shows us one of the home pages in the Sage Intacct solution. What I find great about this screen is that is shows how end users can see the latest product updates that have happened in the system and it also shows the release calendar for future product updates. Did I not mention that the system has a single code base? This means that every customer is running the same version of the product. It also means new features are added to the product automatically. You no longer have to budget for expensive upgrades for the latest Financial Management Solution, 4 times a year new features are added to the product, automatically and overnight and out of office hours.  

Immediate Visibility


The idea of this feature in Sage Intacct is that information which is important to you is easy-to-find and that there are many features which can manipulate the data shown. Firstly, the process maps we viewed earlier allow your users to transact and view data, like the order to cash and procure to pay functions, whereas Dashboards offer us the ability to utilise the data that we’ve recorded into meaningful reports, charts and graphs, for visibility and aid in better decision making within your businessFurthermore, other things which are immediately visible are the performance cards, or in other words the metrics surrounding your business. Below is the CFO Dashboard that is available in the system: 

As you can see above, the key metrics for your business might be viewing data by department, revenue, category, or overall company performanceYou’re able to change these using different filters, as seen in the screenshot below: 

As seen above, being able to filter your dashboards on the fly is also something that’s easy to achieve for end users. filtering them by locations (entities), date ranges or other metrics is a simple tick or date selection.  

Multi-Entity Management 


A big part of growth is dealing with multiple entities (locations) within your business. On Sage Intacct, you can manage the financials of multiple entities with just a single log-in. As a superuser, you can access a plethora of different branches and locations, enabling real-time reporting across all companies in your group and the sharing of data and configuration across your company.  

In this blog, we have run through just some of the features Intacct will afford you as a business. However, something I haven’t mentioned so far is its the cloud accounting leader in customer satisfaction, with a rating of 98% on G2 Crowd (from over two-thousand reviews) and it is recognised as a market leader by industry analyst Gartner. 

We will be holding Monthly Sage Intacct Breakfast Mornings from Thursday 19th March at our new office in London Waterloo, please register below to join us.