What is Sage Intacct used for?
Sage Intacct is a cloud-based financial management platform used by small to medium sized enterprises (SME’s) to large businesses for a wide range of accounting and financial management processes.
Key Uses of Sage Intacct
What are the Core Accounting capabilities of Sage Intacct?
- General Ledger: Managing and tracking all financial transactions.
- Accounts Payable (AP): Automating vendor invoice processing, payments, and managing supplier relationships.
- Accounts Receivable (AR): Managing customer invoicing, payments, and collections to improve cash flow.
- Cash Management: Tracking cash balances across multiple accounts and automating bank reconciliations.
- Order Management: Streamlining the quote-to-cash process, including sales order entry and invoicing.
- Purchasing: Managing the procurement cycle, from purchase requests to purchase orders and vendor management.
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What are the Advanced Financial Management feature of Sage Intacct?
- Multi-Entity and Global Consolidations: Managing financials for businesses with multiple entities, currencies, and locations, including automated consolidations.
- Project Accounting: Tracking project costs, billing, and revenue for project-based businesses.
- Revenue Recognition: Automating and managing complex revenue recognition rules (ASC 606).
- Subscription Billing: Managing recurring billing for subscription-based businesses.
- Inventory Management: Tracking inventory levels, managing costs, and improving supply chain efficiency.
- Fixed Assets: Managing the lifecycle of fixed assets, including depreciation.
- Spend Management: Controlling expenses, managing budgets, and ensuring compliance.
- Financial Planning and Budgeting: Creating budgets, forecasts, and performing financial analysis.
- Advanced Reporting and Dashboards: Generating real-time financial reports and customizable dashboards for better insights.
- Allocations: Automating the allocation of costs and revenues across different dimensions.
- Grant Tracking and Billing: Managing grants, tracking expenses, and generating related billing for non-profit organizations.
- Time and Expense Management: Streamlining the tracking and approval of employee time and expenses, often integrated with project accounting.
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What are the Key Capabilities and Benefits of Sage Intacct?
- Automation: Automating repetitive tasks to save time, reduce errors, and improve efficiency.
- Real-time Visibility: Providing real-time access to financial data and performance through dashboards and reports.
- Multi-Dimensional Accounting: Using “Dimensions” to tag transactions for deeper analysis and flexible reporting.
- Scalability: Growing with your business by allowing you to add modules and users as needed.
- Integrations: Connecting with other business systems like CRM (e.g., Salesforce) through its open API and marketplace.
- Cloud-Based Access: Enabling access to financial data anytime, anywhere with an internet connection.
- Improved Decision-Making: Providing accurate and timely financial insights for better business decisions.
- Enhanced Collaboration: Facilitating communication and collaboration among finance teams.
- Strong Security and Compliance: Offering robust security features and helping businesses comply with accounting standards.
Contact us on 0330 043 0140 or email us at info@alphalogix.co.uk to discuss Sage Intacct or to organise a free consultation call, consultation meeting or a personalised demonstration for your business industry.
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• Organise a Personalised Demonstration of Sage Intacct
• Request Pricing Or Organise a Quote
