Sage Intacct in the News

Businesses interested in expanding globally must not only juggle outgoing payments to vendors, but also cater to individual complex payment agreements. Legacy AP systems make that hard. In the latest Next-Gen AP Automation Tracker, Dan Miller from Sage Intacct explains why cloud-based AP is make or break.

Shari Freedman, CFO of Room to Read, shares how at several points during the early years of her finance career, a tug-of-war was seemingly under way between the professional and personal worlds.

Driven by AI and behavioral economics, machine learning, robotics, and advanced analytics, these emerging technologies are ushering in extraordinary operational efficiencies, accelerating time-to-market, and enabling superior customer experiences through personalization – all at massive scale.

Fulfilling the duties of a CFO is no longer just a matter of bookkeeping as organizations seek every possible advantage in the digital age.

CFOs are stuck in the mushy middle of the digital transformation, feeling both optimistic about automation and uncertainty about what to do next.

Two-thirds of financial processes are now automated, in one shape or form. The remaining third is taken up by ‘human’ requests for information – and the next advancement for RPA is to automate those processes too.

Nearly half (46%) of CFOs are facing increased demand to provide overall business counsel.

It is inherent up on us to help lift up another person whether that is a woman or male in order to help grow that next leader pool and make sure it is diverse.

I always cross my fingers when a software company is acquired. Too often, the post-acquisition experience for customers heads south. The Intacct/Fairsail deals by Sage seem to be quite positive for everyone involved. Products are getting enhanced. Key people have been retained. Addressable markets are growing and more.

Sage Intacct seems to have a clear idea about what it wants to achieve and how to best go about it. The Sage parent’s muscles have created many opportunities to cross-sell to existing customers and attract more prospects.

This is without doubt the most important launch for Sage in a long time. Unlike Sage Live, this is a product that is proven in its home market and a recognised leader. Within the chosen verticals, organisations will now have another option to consider.

If you’re a Sage customer, partner, or employee you better get used to the name “Intacct”. You’re going to hear it a lot over the next couple of years. When Sage bought the company in 2017, Intacct was just the latest of many conquests notched into Sage’s bedpost over its 38-year life. Now it is clear that Intacct is much more than that.

The one thing that was made clear during the keynote and several conversations at Sage Intacct Advantage 2019, was how critical the acquisition by Sage has been to the accelerated development that Sage Intacct is now able to show.

Sage Intacct Advantage 2019 brought a slew of announcements and changes. But at the core was an AI push, centered on the "Intelligent GL." I did the gut check with a boatload of execs and customers - here's my day one analysis.

One of the impediments to finance playing more of a strategic role in company operations has been the amount of time organizations spend doing repetitive stuff that can be automated. Now we finally have sufficiently capable technology to make it possible to do much more automation and eliminate the need for manual work.

Each of our acquired organizations used a different accounting system, making data collection and review exceedingly complex. So, we centralized core functions and moved all 24 of our entities onto the same, robust platform – Sage Intacct.

We are strongly committed to addressing the pain points of Australian businesses with technology that helps their organizations to thrive. That’s why we have invested in bringing Sage Intacct to Australia, with which we believe we can set a new standard for Australian finance leaders on their journey to drive digital transformation.

Sage has clearly planned the launch. The addition of a large number of certified launch partners demonstrates that.

Sage has launched its third release of the year for Sage Intacct: 2019 Release 3. It contains a wide range of updates and new features across the solution.

Sage Fixed Assets is best suited for current Sage Intacct users looking to manage fixed assets and depreciation, and is a good fit for mid-sized and enterprise businesses with a large number of fixed assets to manage.

Following their implementations, most hospitality organizations who leverage multi-entity cloud-based accounting generate significant advantages and benefits. Staffing costs decline or remain unchanged, even as the business grows, by eliminating duplicative and manual work.

Sage Intacct received the only perfect score of the solutions reviewed. Sage Intacct is well suited for mid-sized and growing businesses, as well as national and international businesses with multiple locations.

Ultimately, we chose a cloud-based system called Sage Intacct. We saw improvements almost immediately, not only in our existing operations and reporting, but also in the way our finance and executive team was able to function. It eliminated tedious, manual tasks. As a result, we’ve streamlined our approach, cutting reporting time from 10 hours to just two, while simultaneously expanding the amount of data we can share.

Measuring profitability can take accountants out of mundane accounting and into the future. We can create impact – we can now affect change.

There’s an opportunity in every conversation with your CEO to move past being your company’s “numbers guy.”

Companies can achieve significant success by focusing on a specific segment of a vertical market – and providing more value to that space than other competitors. The strategy is to be the big fish in a small lake, instead of a small fish in a big lake.

One of the things that people don’t spend enough time thinking about as they grow is how to maintain alignment across the company.

Almost immediately after implementing Sage Intacct, we began to see major improvements to our internal workflows, as well as significant gains in efficiency.

Businesses that seek growth, scalability, and innovation are looking to the cloud – and it needs to be true cloud. Sage Intacct’s Aaron Harris explains why.

A recent update to accounting standards for nonprofit organizations (ASC Topic 958) changes how nonprofit organizations recognize revenue, talk about restrictions of gifts, and more. Katie discusses the recent updates to Sage Intacct to help clients understand the changes, and prepare them to engage their staff and supporters in telling the full story of their sustainability, liquidity, and more.

One of the things that I really value about Intacct is its ecosystem. Sage Intacct has a phenomenal ecosystem.

Our goal is to streamline processes and empower finance leaders to make smart business decisions for their company through our cloud-based financial management software.

Executive vice president and managing director Rob Reid told me proudly that his company has a 98 percent positive rating on G2 Crowd.

I’m always pushing vendors for customer use cases to validate their next-gen aspirations. Sage Intacct Advantage 2018 brought a welcome twist: a series of customer presentations backed up by financial transformation proof points.

While unlimited vacation policies may seem attractive and progressive at the outset, they’re often worse for companies and employees in the long term. In my experience, a predetermined vacation policy, while conventional, is actually the most sustainable method to find balance for your employees and, ultimately, grow your business.

Finance users are able to update budget plans and forecasts. They can also calculate what if scenario planning on them. They are then able to share relevant plans to different teams within the organisation.

I can say with confidence that upgrading to a secure, cloud-based platform for our back office systems has delivered exceptional returns in man-hours, and enabled our team to incorporate timely data-driven insights into our business strategy.

Whether the algorithms are looking for anomalies like fraud or are looking for patterns like recurring financial transactions, the algorithms are infinitely smarter when they can learn from the combined data of tens of thousands of customers.

The only way to understand customers is by spending time with them and deeply understanding the problems they want to solve and how these are evolving over time.

Sage Intacct is the software that we felt was the best fit for us. It really gave us a multi-dimensional system where we could segment things by donors.

Today’s funding environment is becoming increasingly competitive. Navigating to, and staying on, the pathway for success can be a confusing journey.

Sage Intacct is an ideal partner as we grow, because they offer everything we want, including advanced revenue management tools and powerful dashboards for our executives and board, via software-as-a-service that’s accessible from anywhere.

Sage Intacct is doubling down on the healthcare, nonprofit, and financial service industries with expanded functionality in a new release of the vendor’s cloud financial management software.

In this interview, Mark discusses how technology helps him streamline and automate financial operations, even amidst monumental organizational growth.

The best way to get to the C-level is to be naturally curious and come up with ways to attack the status quo.

Sage Intacct is one example of how cloud organizations can help professionals increase efficiency and drive growth for their organizations.

The dashboard is designed to automate the tracking and management of industry-wide best practice metrics, and provide benchmark information on nonprofit financial health, sustainability, and mission impact.

Cloud-based applications such as Sage Intacct offer many concrete benefits that traditional on-premises solutions just can’t match.

Speaking of the future, this is where technology will play a major role to push CFOs to their next evolution. Artificial intelligence and machine learning have the potential to completely revolutionize financial software and, as a result, the role of the CFO.

Gabauer said he has benefited from fintech automation. He uses the Sage Intacct cloud accounting platform, which generates reports and notices automatically. Without it, he said, he would need to hire one or two more people in his department.

Tetherow Resort in Bend, Ore., uses Sage Intacct to facilitate transparency between department heads and inform the hotel’s team as to where operational efficiencies could be applied.

A clear indication of the shifting tides in the ERP market is the growing number of organizations that are replacing their installed systems with a new Cloud-based solution.