Have you outgrown Sage 50?

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. 

Your next step could be Sage Intacct, Sage Intacct Starter Edition or Sage X3; Sage’s Enterprise level ERP which you can discover 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 Intacct can offer.

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. 

Been looking into Sage 200 as an upgrade option? Here’s a comparison of the two to help you decide which may be the better option…

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). 

Industry Strengths
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. 

Multi-Company
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.  

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