If you’re familiar with ERP solutions, you’ve probably heard of Sage Intacct – but what sets it apart from competitors like Acumatica or NetSuite? What makes Sage Intacct the top choice for midmarket companies? When comparing solutions, why is it important to include it in your ERP selection process? We have several compelling reasons. Keep reading to discover what makes it unique.
Multi-Entity Management
If you’re a midmarket company hoping to expand this year (and most are with 61% expecting to launch a new product or service), this one is a game-changer. Sage Intacct’s multi-entity management is designed to seamlessly automate consolidations across multiple entities, saving hours of manual work each month. It supports multi-currency (for global companies) and multi-location consolidations, providing a real-time view of the performance of each entity and overall organization.
With each entity having its own set of charts of accounts, this must-have system capability provides easy visibility of all transactions, customers, suppliers, and any other reporting category. Think of it as a single data source for all your entities AND think how much time is saved by eliminating the need to manually consolidate data across multiple entities.
Multi-Dimensional Reporting
The challenges with traditional manual reporting using Excel spreadsheets and legacy accounting systems are many and each one can significantly impact decision-making and productivity. By leveraging Sage Intacct’s tailored dashboards and reports, companies gain deeper financial, managerial, and operational data – insights that are crucial for scaling a midmarket business. By tagging transactions with multiple dimensions, like department, location, or entity, users can easily drill down into financial performance based on their specific operational needs.
Sage Intacct’s multi-dimensional reporting allows midmarket companies to analyze real-time data from different perspectives, giving more of a granular view of their financial health. This flexibility empowers smarter decision-making and helps all levels and areas of an organization to quickly spot trends, identify risks, and address challenges more effectively.
Cloud Scalability
One study revealed that approximately 70% of organizations now host more than half of their workloads in the cloud. This number jumped fast during the COVID-19 pandemic, but even since then, more and more companies are realizing the benefits and looking to move their operations into the cloud. The cloud-based nature of Sage Intacct means that software updates happen automatically so you’re always using the most up-to-date software version without disruption. This is especially important when considering the need for security and keeping data protected.
When talking about business growth, cloud solutions like Sage Intacct should be a key factor in your ERP selection, as they enable companies to easily scale operations based on demand. If a company wants to expand operations, enter new markets, or manage seasonal fluctuations, the cloud allows you to grow without investing in additional costly on-site infrastructure.
Automation
73% of IT leaders report that automation helps employees save 10-50% of the time previously spent on manual tasks. In an increasingly complex world, simplicity reigns king and can be attained through automation tools. Luckily for midmarket companies, Sage Intacct provides a variety. One particularly worth mentioning is its accounts payable automation. This key feature simplifies and speeds up your entire accounts payable process from start to end.
The time and money saved gives you more time to transform your financial operations and leads to less manual labor, more control over cash flow, improved accuracy, and more. If you’re struggling with finding time to focus on strategic initiatives because you’re lost in the month-end weeds, this one’s for you. Additionally, managers can review and approve workflows from anywhere, so bottlenecks are avoided, and invoices are processed efficiently – ultimately keeping suppliers and vendors happy!
Integration
Sage Intacct’s open API should be a crucial consideration in your ERP selection, as it allows midmarket companies to seamlessly connect with industry-specific applications or custom-built solutions, guaranteeing a perfect fit into any technology ecosystem. This capability offers several benefits. By connecting multiple applications into one single source of truth you reduce data silos and improve efficiency & analysis. Another benefit right off the bat is a reduction of manual effort with multiple data entries, improving business agility and the risk of human error.
We understand that different companies have specific needs and requirements. By leveraging Sage Intacct’s open API, you can continue to manage business as you always have without disruption. This flexibility enables midmarket companies to integrate Sage Intacct with existing systems and workflows, maintaining operations exactly how you want while still benefiting from Sage Intacct’s powerful accounting platform and tools.
If you’re a midmarket company looking to scale or going through an ERP selection process, talk to us today about how we can help. We’ll show you how Sage Intacct’s cloud-based ERP can be just the tool you need to revolutionize your financial operations and gain sustainable growth.
