Intacct Financial Review - why 4.2 stars?

Sage Intacct Review
ITQlick Score: 89/100
ITQlick Rating:
Pricing: 6/10 - average cost
Category: Core Accounting -> Intacct Financial review
Ranking:Ranked 14 out of 137 Core Accounting systems
Company: Intacct Corporation
Pricing: starts at $15,000 per year
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Cloud
Links: Intacct Financial pricing, Intacct Financial alternatives
Shlomi LaviShlomi Lavi / updated: Apr 12, 2022

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What is Intacct Financial?

Sage Intacct is a cloud-based core accounting software designed for accounting firms to improve compliance and automate accounting processes to increase accuracy and effective business decisions. The software comes with features such as:
  • Accounts Payable: This features saves firms hundreds of hours and thousands of dollars by automating laborious accounts payable procedures and reducing unnecessary workflows.
  • Intelligent General Ledger: The contemporary, cloud-based architecture of Sage Intacct delivers the flexibility and efficiency required to respond to change and growth. A business user may configure the fundamental financials without the assistance of a developer.
  • Accounts Receivable: This feature increases the staff efficiency, allowing users to be paid more quickly. Users can automate their procedures, send bills via email, and provide extra payment alternatives.
  • Order Management: This functionality is robust enough to deal with order processing complexities, inventory issues, and price systems. It offers an order management system that saves time, increases accuracy, and boosts profitability.
  • Cash Management Automation: The Cash Management automation module gives users a thorough and up-to-date snapshot of their cash status. Sage Intacct, cash management software, displays all payments and transactions from all checking and savings accounts and credit cards across all locations and companies.
Sage Intacct is a core accounting software that started in 1999. The company is headquartered in San Jose, California, United States. The company has a workforce of more than 10,000 employees.

Who is it best for?

Intacct Financial Management extends support to small and medium sized companies. From emerging and multi-location enterprises to public companies and multinational organisation, everyone can use Intacct Financial Management to optimize their finance and accounting processes. The software is especially useful in industry-specific companies like accounting firms, franchises, hospitality, non-profits, professional service and wholesale distribution.

3balls.com, Acceller, AOi, Aicent and Eye Care For Animals are some of the notable customers that currently use Intacct Financial Management.

Main features and functionalities

Intacct Financial Management is service based software which can be accessed through a web browser. Intacct supports apps for core accounting, time and expenses, revenue management, order, billing, multi-currency management, and financial reporting.

The general ledger enables enterprises to logically organize transactional data in sub-ledgers around your payable accounts. Revenue recognition allows enterprises to minimize errors by automating critical revenue recognition and accounting processes. It eliminates inaccurate and overlapping billings and optimizes the billing processes.

What is the actual cost?

The cost of license starts at $15,000 per year. ITQlick pricing score is 6 out of 10 (10 is most expensive). Access ITQlick pricing guide for Intacct Financial. You can also find here pricing information from Intacct Financial's website.

Pros

  • Sage Intacct is great for both simple and complex accounting jobs
  • Payments can be made directly from Sage Intacct using a variety of payment gateways
  • The software automates workflow by scheduling payments based on priorities
  • Intacct offers additional tax related features such as Auto Tax Calculator and Multiple Sales Tax
  • An inventory management solution is offered as an add-on
  • Automated journal entries in workflow features enhance operational process management

Cons

  • The system can be slow, especially when dealing with many invoices
  • Intacct is only available in English, which is a big drawback
  • Without a Mobile interface, users cannot access the app from their mobiles.
  • Being cost-effective, it allows enterprises to choose the modules according to the needs.

How it stacks up?

Access a head to head analysis of Intacct Financial vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
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Intacct ...
ITQlick rating
4.2/5
Score
89/100
Pricing
6/10
License pricing
$15,000 per year
Functionality
27
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QuickBoo...
ITQlick rating
4.2/5
Score
99/100
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5/10
License pricing
$12.50 per month
Functionality
7
Wave Acc...
ITQlick rating
4.4/5
Score
97/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
8
Zoho Boo...
ITQlick rating
4.4/5
Score
96/100
Pricing
2.4/10
License pricing
$10 per organizer/month
Functionality
9
FreshBooks
ITQlick rating
4.5/5
Score
95/100
Pricing
2/10
License pricing
$6 per month
Functionality
28

Frequently Asked Questions (FAQs)

Is it the best Core Accounting system?

Intacct Financial is ranked 14 out of 137 software in their category (Core Accounting systems).

How they are rated on ITQlick?

The rating of Intacct Financial is 4.2 stars out of 5 and the total score is 89 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Intacct Financial makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

No, currently Intacct Financial can't be accessed on mobile, you would need to access it from your computer.

What should we ask during a demo session?

Differences between Intacct Financial and alternatives?

The most popular alternatives to Intacct Financial in 2023: QuickBooks, Wave Accounting, Zoho Books, FreshBooks, Vyapar. Access the complete competitors analysis here - Intacct Financial VS Core Accounting Software alternatives.

Is Intacct Financial right for you or your business?

Accounting firms seeking a core accounting software that helps companies save businesses thousands of hours and hundreds of thousands of dollars by automating manual accounts payable processes and eliminating inefficient workflows will fit well with Sage Intacct.

Sage Intacct has customers like I3 Verticals, Creative Dining Services, Stonestreet Thoroughbred Holdings, PCF, Cornerstone Information Systems, Marathon Ventures, HomeVestors, Velocity EHS, Jobvite, Welltok, Rapid Ratings International Inc, Traction on Demand, Plexxi, etc.

List of categories

Billing & Invoicing
Budgeting & CPM
Core Accounting
Financial reporting
Fixed Asset Accounting
Fund Accounting
HR Accounting
Inventory Management Accounting
Payroll Accounting
Project Accounting
Work Order Accounting
Distribution

List of features

Accounts Payable
Accounts Receivable
Cash Flow
Multi-Currency
Project-Accounting
Purchase Orders
Sales Reporting
Time & Expense

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.