Best-in-Class Cloud Accounting for Biotech and Life Sciences

Biotech and Life Science organizations have complex accounting needs that require flexible solutions. Sage Intacct is the only accounting solution endorsed by the AICPA. Our cloud accounting is ideal for the needs of Biotech companies at every stage of growth: from two scientists and a molecule, to large public companies.

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Biotech and life science industry accounting and financial management solutions

See your entire business when you integrate your systems—seamlessly

Sage Intacct’s visual dashboards and flexible reporting give you unprecedented visibility—from any perspective, top to bottom. See profit-and-loss by business/service, project, manager, region, customer type, task or other dimensions and metrics – all in real-time – so you know what to improve and where to invest. With secure user-based access, your project teams can make smart decisions.

Business accounting software needs to integrate with other software, data, and tools for greater efficiency and competitive advantage. From inventory to project and resource management, Sage Intacct offers open integration to best-in-class solutions. You select the right software that's best for your business and seamlessly integrate it with Sage Intacct.

Biotech and life science industry accounting solutions with seamless integration with other systems

Learn how Clinical Trial and Consulting (CTI) uses Sage Intacct to drive smart employment decisions with labor cost visibility and achieved:

A software payback period of less than 4 months
30 hour reduction managing the monthly close
Greater productivity for project reporting—saving 16 hours per month

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The best accounting software for the Biotech and Life Science industry

In a professional services firm, you need cloud-based accounting software that helps ensure profitable operations and improve customer satisfaction. Whether it’s biotechnology and life sciences, digital marketing, IT services, professional employer organizations (PEOs), consulting, advertising, HR services, research, engineering, or other specialized sector, Sage Intacct has the accounting software that combines smooth operational workflows and greater financial visibility to bring your business to new heights.

Biotech and life science industry accounting solutions with cloud-based architecture

Learn how Halloran Consulting Group left QuickBooks behind to achieve banner results:

Project margins rose 12% through real-time insights
Billable utilization rose from 50% to 68%
Monthly close time declined 50% from 20 days to 10

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Visibility and controls for program managers

Program financial management is critical to your success. But daily data pulls from various systems to cover project costs or resource reports take a long time and are hard to combine. As a result, it is difficult to track program costs and to demonstrate value to investors.

Sage Intacct provides your program managers with detailed controls and unmatched visibility into time tracking, resource assignments, and program costs.

Biotech life science accounting financial solutions for project managers

See how Sage Intacct can help your program managers make timely decisions, streamline processes, and increase profitability.

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Sage Intacct accounting software products— #1 in customer satisfaction

We’ve earned the highest customer satisfaction in the industry from G2 since we focus on delivering an integrated accounting solution that puts your success first.

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See why Sage Intacct is the #1 accounting software solution in customer satisfaction.

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Resources for professional services companies

White paper

Importance of Project Financial Management for BioTech

Customer case study

Life Science Consultancy Discovers $4 Million in Hidden Profit

White paper

2020 Buyer’s Guide for Services Organizations

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When our team went in search of a new accounting solution, we were looking for cloud-based options that would be more scalable, flexible, and intuitive for our teams around the world. Sage Intacct was a no-brainer for us because, unlike NetSuite and the other vendors we looked at, it met all of our requirements for integrated time and expense management and multi-entity consolidations, and was robust and adaptable enough to grow with our business over time.

Brian Lawrence

Senior Director, Finance and Taxation, Clinical Trial and Consulting Services (CTI)

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Frequently asked questions

What does Sage Intacct offer for BioTech and Life Science companies?

Sage Intacct is a comprehensive financial management system with tailor made features for project-based businesses. Over 1.5 million projects have run on Sage Intacct. We work with companies that have financial management needs that range from simple cost tracking to detailed project task cost allocation and complex billing or spend management requirements. Our cloud-based system is centered on a high-powered general ledger that provides dimension level tracking for all of your transactions. What that means is you can get detailed insights into how your business is operating from any number of aspects.

Whether you are a small lab developing new therapies, a large contract research organization, or selling life science products and services, Sage Intacct has the right feature set to help you succeed.

Is Sage Intacct good for small private companies or larger public companies?

We work with both. Many or our BioTech and Life Science customers have been with Sage Intacct as they grew from small private companies, through their IPO, and into large multi-national organizations. The solution is designed to scale with you and expand functionality as your needs grow and evolve. If you have investors that require detailed financial reporting, Sage Intacct can provide the insights that satisfy stakeholders, and allow your team to make financially sound decisions about the business.

Why are Sage Intacct Artificial Intelligent timesheets changing the game for businesses that require time tracking?

The professional service industry is constantly faced with challenges of revenue leakage, low utilization, and strained project profit. Accurate and complete time entry is a major contributing factor to these struggles. Sage Intelligent Time is the only AI powered time entry system built into a full featured ERP system. Sage Intelligent Time provides each member of your team with an AI powered time assistant that provides suggested time entry cards based on that employee’s calendar, email, and other activity. Using machine learning, the Time Assistant gets smarter and continuously improves the speed and accuracy of your teams’ timesheet.

Sage Intelligent Time is providing a solution to an age-old problem for service-based businesses. Artificial intelligence and machine learning are providing a tangible tool for your team to provide continuous and trusted insights regarding their time. With this insight, your project managers can make better decisions, you project pricing is more accurate, and you invoicing and close process are faster than ever.

How does Sage Intacct compare to other financial software vendors?

Sage Intacct is the only financial management solution endorsed by the AICPA, an organization that is trusted by accounting leaders world-wide. Our true cloud solution can be tailored to meet the needs of small businesses and large complex organizations. Beyond our financial management excellence, Sage Intacct embraces the larger ecosystem of niche software providers for deeper functionality regarding inventory, lab information management, and any other unique system customers may require. In today’s environment of high-quality vendors, Sage Intacct is the core financial system at the heart of an organizations technology stack.

What type of financial reporting for professional service organization does Sage Intacct provide?

When it comes to financial reporting, automation, accuracy, and customization are key requirements for an effective solution. Sage Intacct financial reporting excels at all three. By leveraging the dimensions of the general ledger, reports can be grouped and sorted in a near unlimited way. Financial reporting done right can provide the insight your financial team needs to go from burdened with administrative tasks, to focusing on strategic planning. Whether you’re creating multiple profit and loss reports, or automating project reports for your project managers, Sage Intacct can handle what you need.