I’m excited to announce that FinanceWise now also supports Sage Intacct. We recently had an extensive demo on the features and capabilities and I’m keen to summarise a few of the highlights and hesitations for this business accounting software.

Sage Intacct has grown in popularity as a cloud-based financial management solution, particularly among mid-sized businesses and organisations with complex accounting needs. But is it the right fit for your business? Here’s a quick look at its key pros and cons.

Pros

One of Sage Intacct’s biggest strengths is its robust financial reporting. The platform allows for customisable reports and dashboards that provide real-time visibility into your business’ finances. This is a significant benefit for finance teams needing detailed insights for decision-making.

Another standout feature is multi-entity capability and multi-currency support. For organisations operating across regions or countries, Sage Intacct handles consolidations and conversions with just a few clicks, saving time and reducing the risk of manual errors.

Unlike Sage 50, Sage Intacct is cloud-based, it offers accessibility from anywhere, facilitating remote work and improving collaboration across teams. It also integrates well with a variety of other business systems via their app/plugin store, making it a flexible choice in a modern tech stack.

Cons

With a large offering of cloud-based accounting software solutions on the market, Sage Intacct is not automatically the best solution for every business. Intacct offers a lot of functionality and ability to slice and dice information and reports. To make use of these features, it requires a significant amount of time to set up and customise. 

Additionally, pricing is not transparent and can be relatively high compared to competitors like Xero and Quickbooks. This makes it less attractive for small businesses or those with simpler financial needs.

Final Thoughts

Sage Intacct is a strong choice for organisations with sophisticated financial requirements, particularly those in need of detailed reporting and multi-entity management. However, it may be overkill for smaller operations or those seeking a more intuitive, lower-cost, and easy-to-set-up solution.