Cloud Accounting Software for IT Service Companies

A core financial management solution uniquely tailored to meet the high demand of technology service providers. Track your project costing, bill your customers, and manage all your service lines in one easy-to-use system.

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Accounting and financial management solutions for IT service companies — See how Code42 grew their revenue to $100 million annually with Sage Intacct as their core financial management system.

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Real-time visibility with financial reports and role-based dashboards

IT services businesses need timely, actionable financial reporting ;to make data-driven decisions to run profitable projects. Sage Intacct provides reports, dashboards, and visualizations that are easy to create and ready in real-time. Finance leaders and executives can now look forward and plan for new projects, new service lines, staffing, and more – based on what’s really happening.

Financial dashboards let you display important financial information side-by-side for analysis and next-level insights. Project managers and team leads get instant access to budget vs. actual reporting, allowing them to make financially sound decisions on projects—no more waiting on back-office reports.

IT service companies accounting and financial management solutions with realtime visibility dashboards and reporting

Powerful reporting and role-based dashboards.

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Bill your clients accurately, easily, and using the format you need

Technology service providers need to bill their clients in a variety of ways.

The new Sage Intelligent Time uses AI to ensure accurate time tracking. Invoicing is more accurate and much faster, allowing you to increase cash-flow and strengthen your cash on hand.

IT service companies accounting and financial management solutions with easy and accurate billing

AI-powered time entry delivers unmatched speed and accuracy.

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Seamless integration across your technology stack

Connect your CRM, PSA, resource management, or any other system using our open API. With Sage Intacct as your core financial system, you can build your technology stack with the confidence that all of your teams can keep in sync and are able to make data-driven decisions.

IT service companies accounting and financial management solutions with seamless integration

An extensive Marketplace partners offering pre-built integrations.

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Fast consolidations to manage your organization’s complexity

How can your business gain efficiency and clarity when operating several legal entities with different currencies and tax jurisdictions? Forget the headaches of spreadsheets and manual reconciliations. Our sophisticated, multidimensional database lets you aggregate transactions and activities across your organization:

Multiple entities
Multiple currencies
Multiple projects and clients
Multiple locations

Push-button consolidations, get you fast closings and real-time analytics – in minutes, not weeks. Free your finance team to focus on strategy instead of tasks.

IT service companies accounting and financial management solutions with quick and simple consolidations

Cut your close time in half with our powerful Multi-currency and consolidations.

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Visibility and controls for IT project managers

Project financial management is critical to your success. But daily data pulls from various systems to cover project costs, billed and unbilled revenue, or resource reports take a long time and are hard to combine. This lack of insight is often at the root of unsuccessful projects.

Sage Intacct provides IT project managers with detailed controls and unmatched visibility into billable time, resource assignment, and project profitability. As a result, you will get invoices out the door faster and improve your cash flow.

IT service companies accounting financial management solutions for project managers

See how Sage Intacct can help your project 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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WINTER 2022

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

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Sage Membership

Anyone with a subscription to Sage software has automatic access to all the benefits of Sage Membership.

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Professional Services

Comprehensive project accounting built for service organizations

Professional ServicesComprehensive project accounting built for service organizations
Engineering CompaniesTrack your project costing, bill your customers, and manage all your service lines
Human Resource and PEOsTrack your project costing, bill your customers, and manage all financial processes
IT Service CompaniesTrack your project costing, bill your customers, and manage all your service lines
Management Consulting FirmsReal-time insights, billing, consolidations for management consulting firms
Marketing and Advertising AgenciesTrack your campaign and project costs, bill your customers accurately, and allocate your vendor spend
Service-Based BusinessesTrack your project costing, bill your customers, and manage all your service lines
Staffing and Recruiting AgenciesTrack your project costing, bill your customers, award commissions, and manage all your service lines

Product add-on modules for professional services

Intelligent Time AI-powered timesheets

Project Accounting Stay on-track, on-budget, and profitable

Time and Expense Management Maximize revenue and minimize time and effort

Resources for professional services companies

Analysts research

2022 Professional Services Maturity™ Benchmark Report

White paper

6 Key Metrics for Professional Service Organizations Sage Intacct

Product tour

Sage Intacct Product Tour for Project Financial Management

Webinar

AI and the Future of Financial Management

White paper

5 KPIs for Professional Services

View all resources for professional services companies

Prior to Sage Intacct, we were really flying blind in regard to our projects around the world. But now we’re evaluating projects in Belgium the exact same way we do here in the US. It’s simple to quickly get a thorough view of profitability by any time period, any business unit, any geography, any project, or even any individual employee.

Mike Munson

Controller, Cameo Global

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Frequently asked questions

What does Sage Intacct offer for Technology Service businesses?

Sage Intacct is a comprehensive financial management system with tailor-made features for subscription or project-based IT consulting and technology services businesses. Over 1.5 million projects have run on Sage Intacct. We work with companies that have financial management needs ranging from simple cost tracking to detailed project task cost allocation and complex billing requirements. Our cloud-based system is centered on a high-powered general ledger that provides dimension level tracking for all of your transactions. That means you can significantly reduce the number of GL accounts you use, while also significantly expanding the way you report on your data. With automation of processes related to project costing, vendor management and accounts payable, project billing, time and expense tracking, and resource management, Sage Intacct can allow your finance team to focus on strategy instead of administrative processes.

What is Professional Service Automation (PSA), and how does Sage Intacct provide PSA support?

Professional Service Automation (PSA) is a phrase often used to refer to a wide range of software features built to serve service organizations such as IT consulting, technology services, and many other types of service providers. Many PSA software providers will use the term to refer to features related to the front of the project life cycle, such as proposals, estimates, and forecasting. PSA can also include resource management, time and expense tracking, vendor management, and project billing.

Sage Intacct is a full-featured accounting solution for professional services. Customers rely on Sage Intacct to ‘own the dollar’ for all of their project financial management needs. This covers project budgeting, billing, time and expense, AR/AP, vendor management, purchase orders, and much more. By ‘owning the dollar’ our features extend to provide robust project financial reporting, resource management, and a suite of tools designed for operations and project managers.

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

Many technology service providers constantly face 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 provide a tangible tool for your team to receive continuous and trusted insights regarding their time. With this insight, your project managers can make better decisions, your project pricing is more accurate, and your invoicing and close process are faster than ever.

How does Sage Intacct improve the billing process for technology service businesses?

For many growing technology companies, the billing process is too labor-intensive to scale. Billing for services can be complicated depending on the various elements you need to include on your invoice. Sage Intacct is built to handle even the most complex invoicing requirements, as well as the variety of revenue recognition methods that can be associated with them, including ASC 606. Automation around time entry, expenses, purchase orders, vendors, and all the other components required for billing, are instantly available for your team to quickly draft and issue invoices. Sage Intacct helps you to scale your business without being held back by cumbersome processes.

What type of financial reporting for a technology service business does Sage Intacct provide?

When it comes to financial reporting, automation, accuracy, and customization are critical requirements for an effective solution. Sage Intacct financial reporting excels at all three. By leveraging the general ledger’s dimensions, 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 focus 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.