Have you outgrown Sage 50?
Where to go next with the support of Acuity Solutions
We understand that your business is constantly evolving. As your business changes and grows – you need your software to do the same. For smaller companies with basic accounts needs, Sage 50 is the perfect starter solution. However, if you find yourself becoming restricted by Sage 50 and are starting to notice signs of the software cracking, then maybe it’s time to think about upgrading to a more advanced business software solution.
Common signs that you need to upgrade:
- You’re struggling to get the reports and analysis you need,
- Your system is running slowly,
- You need more advanced foreign currency handling,
- You’re looking to migrate your systems to the cloud,
- You need to assign and trace batch and serial numbers,
- You need purchase order authorisation,
- You’re unable to integrate with your CRM software,
- Your pricing structure is complex and hard to manage,
- Your business operates over multi-locations,
- You find it impossible to produce real-time reporting.
For many migrating to a new solution can appear daunting, however the alternative of continuing to operate your business on a system you have clearly outgrown could do more harm than good. Sticking with Sage 50 will have a negative effect on the success of your business, and massively hinder your growth and productivity. This is a common dilemma that many users of Sage 50 experience when contemplating the migration to a more advanced software solution.
But what should you consider as your next solution? Luckily, the smart people at Sage have thought about this and can provide upgrade options to Sage 50 users who have grown beyond the capabilities of the software. Depending on the needs of the business your next step could be either Sage 200 or Sage Intacct. There is a third option which is Sage’s Enterprise level ERP, Sage X3. We are not covering in this post, but you can read more about it here if you have grown substantially or have very complex processes.
But which option would be more suited to your business? Below we have highlighted some benefits that upgrading to Sage 200 and Sage Intacct can offer.
Is Sage 200 the right option for you?
Sage 200 builds on the functionality of Sage 50, bringing together your back-office systems enabling you to have a complete business overview at your fingertips. You also gain the ability to customise your system to your individual needs, allowing you to tailor the solution to fit the exact needs of your business and add additional modules on, so as your business grows so does your Sage 200 system.
As well as advanced functionality, Sage 200 offers SME’s a scalable solution which is more than just accounts software.
Here are some of the benefits that migrating from Sage 50 to Sage 200 could bring your business:
- Cost effective – Can add or remove modules and users only paying for what you use.
- A tailored solution – customise functionality to suit your business needs.
- Quick and easy access – Microsoft Office 365 integration so you can work in the office and on the move.
- Provides complete visibility – Sage 200 can combine financial management, customer relationship management (CRM) and business intelligence in one solution.
- Seamlessly integrates with CRM solutions – Sage 200 has CRM functionality, giving you greater business insight and the capacity to target potential customers.
- MTD compliant – The latest version of Sage 200 is MTD compliant, making tax easier.
Or maybe Sage Intacct is the better option?
Sage Intacct delivers the power of a sophisticated financial management solution and the simplicity and cost-effectiveness of a cloud solution. If you want to keep your organisation agile with an open, configurable, cloud accounting solution that lets you easily share data and connect multiple solutions, then Intacct may be the solution for you.
Here are some of the benefits that migrating from Sage 50 to Sage Intacct could bring your business:
- Best-in-class financial management solution—Everything from a multidimensional GL to cash management, revenue recognition, sales tax, subscription billing, reporting, and analytics,
- World-class infrastructure—Automatic disaster recovery, complete security, and virtually zero unplanned downtime – all built-in,
- Multi-entity management – automatically consolidated financial and operational reports, intercompany transactions, allocations, shared chart of accounts (COA), customers, and vendors,
- Dimensional accounting – rather than relying upon the chart of accounts and a single reference code, Sage Intacct offers the ability to track and analyse an unlimited number of data dimensions,
- Multi-book accounting – track and report on an infinite number of books (e.g. accrual, cash, tax, GAAP, etc.),
- Flexible integration—Our open architecture lets you work with your favourites. It integrates with over 200 leading cloud solutions, with APIs that are 12+ years backwards compatible, ensuring that integrations won’t break during product updates,
- Touch-free upgrades—The annual subscription includes 4 hassle-free updates per year and includes all hosting, backups, and data security,
- Anytime/anywhere productivity—Built from the ground up as a browser-based, mobile-friendly solution that lets you work from any location on any device at any time,
- Faster deployment—Gets you going faster with immediate provisioning,
- A better ROI—Easy per-user subscriptions without the hardware costs and IT investments for a lower TCO.
Download our 5 Signs your Accounting System is holding you back whitepaper for more information on how Sage Intacct may be the next step in the right direction for your business.
Head Sage 200 or Tails Sage Intacct? Which is right for me?
Now you know the main benefits of each software package, it might be worth delving into the different strengths that each of the solutions.
Although Sage 200 and Intacct have some overlapping qualities, the two programmes do have different areas of strength when it comes to verticals. Here’s some food for thought on the differences between Sage 200 and Sage Intacct to help you decide which is the best fit for your company.
Cloud VS On-Premises
If Cloud is a must have for you then Sage Intacct is probably your best option, being a born and bred Cloud solution. Despite there being a fully cloud version of Sage 200, it doesn’t have the full range of capabilities as the hosted or on-premises edition (yet).
Sage 200’s strengths lie in manufacturing and any industries with a heavy stock or building component, whilst Sage Intacct is most suitable for businesses within Financial Services, Software and Saas, Not for Profit, Professional Services and Healthcare industries.
Integrated Solution VS ERP
Sage Intacct allows you to pick the best tool for the job and then integrate data seamlessly and in real-time using APIs, whilst Sage 200 incorporates CRM and the full-back office, but the modules all sit within the core Sage 200 system and are fully integrated – more of an ERP style.
Whilst both software solutions allow consolidation, businesses managing large numbers of companies will reap the benefits of Sage Intacct and its excellent intercompany journal capabilities. If you wish to consolidate numerous companies with various base currencies, then Sage Intacct is certainly the right option! Though, Sage 200 does also offer some good intercompany functionality, especially if you do a great deal of intercompany invoicing or need to feed stock through.
Multi Legislation & Multi-Currency
If you have a US/AU company, then Sage Intacct may be a better fit with its prebuilt tax structures and integrations with Avalara/Avatax. Whilst Sage 200 can support different base legislations, it’s not set up to support any other tax legislations.
Happy to help…
If you’re still uncertain as to which solution is best for your business, we can help give you the right advice. Acuity have been a Sage partner for 30 years and you could benefit from our experience and knowledge in recommending the best option for you.
Contact our experts today to discuss your software options on +44 (0)1932 237110 or email us at firstname.lastname@example.org