Intacct Financial Review - why 4.2 stars?

Sage Intacct Review
ITQlick Score: 89/100
ITQlick Rating: (4.2/5)
Pricing: 6/10 - average cost
Category: Core Accounting -> Intacct Financial
Ranking:Ranked 14 out of 137 Core Accounting systems
Company: Intacct Corporation
Pricing: starts at $200 per license
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Cloud
Links: Intacct Financial pricing, Intacct Financial alternatives

Shlomi LaviShlomi Lavi / updated: May 21, 2021

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What is Intacct Financial?

Intacct Financial management software (now Sage intact) is an integrated, cloud-based financial and accounting management solution for small, mid-market, and big enterprise businesses. The software offers multiple features such as general ledger, purchasing, accounts payable, expense management, cash management and project accounting among others.

Sage Intacct software which is a product of Sage Intacct founded in 1999 in the US, can be deployed in various platforms including Cloud, SaaS, and Web. It empowers the users to automate key processes, as well as offering them real-time operational and financial insights.

Sage Intacct software also comes with in-built reporting & dashboards, revenue management, project accounting, and multi-entity consolidations other functionalities. Since it has an Open API structure, the accounting system integrates easily with multiple business applications including payroll, CRM and POS systems and therefore giving the user a wider choice.

What is Intacct Financial rating? ()

The rating of Intacct Financial is 4.2 stars out of 5 and the total score is 89 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Intacct Financial's typical customers?

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.

Is Intacct Financial the best Core Accounting?

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

What are their 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 are Intacct Financial's pros? (6 Pros)

  • Multi-currency accounting features helps MNCs to manage finances better
  • Credit card processing and eCommerce support billing and invoicing
  • Budgeting and forecast reports provide insightful information and support decision making
  • 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

What are Intacct Financial's cons? (2 cons)

  • Intacct Financial Management can be quite expensive for small enterprises and non-profits
  • Intacct is only available in English, which is a big drawback

Who are their main alternatives?

The two main competitors of Sage Intacct software include Multiview and Deskera ERP. Similar to Sage Intacct, Multiview financials is a low-cost financial management solution that is modeled to serve the needs of all sizes of organizations from small to big enterprise-level companies. Whereas Multiview is offered both in cloud-based and on-premise solutions, Sage Intacct software is offered through cloud-based solution only.

Sage Intacct offers documentation, webinars and Live online forms of training, while Multiview software offers Live Online, Documentation, Webinars, and In-Person sessions. Multiview software is designed by Multiview Company in Canada but in comparison, Sage Intacct is owned by Sage Intacct Company in the US.

Deskera ERP software is a low-cost, cloud-hosted enterprise business management solution built for small, medium and large-market businesses whereas Sage intact) is an integrated, cloud-based financial and accounting management solution also for small, mid-market, and big enterprise businesses.

Both product offer support to clients through Online, Business Hours, and via 24/7 (Live Rep) channels. While Deskera Company owns Deskera ERP, Sage Intacct, on the other hand, is a product of Sage Intacct Company.

What is the cost of Intacct Financial?

The cost of license starts at $200 per license. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 6 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Intacct Financial

What should you ask Intacct Corporation during a demo session? (65 questions)

Schedule a demo with Intacct Financial and access 65 must ask questions for the vendor while watching Intacct Financial in action.

Is it the right software for you?

Intacct Financial management software offers integrated financial and accounting management solutions that best serve small, mid-market, and big enterprise businesses. The software serves a wide array of industries like Accounting Firms, Financial Services (Asset Management Firms, Multi-Family Offices, Private Equity Firms, etc.), Franchise, Healthcare, Hospitality, and Nonprofits among others.

Intacct Financial's 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

Intacct Financial's list of features:

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

Intacct Financial Vs. Alternatives

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Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.