In Use:
“Sage Intacct was the first accounting system built in the cloud,”Joan Benson, Director of Nonprofit Industry Marketing at Sage Intacct confirms. While other accounting systems had to figure out how to make the delicate transfer from on-premise software to the cloud; Sage Intacct was created and built for the cloud. Benson points out that trying to move to the cloud presents issues regarding configuration not to mention information can be lost in transition.
Sage Intacct allows nonprofits to manage all their financials in one software. Some of the benefits that comes along with a subscription to Sage Intacct is that charities have access to both accounts payable and receivable; deprecation tracking; inventory management; and 1099 Support. As an AICPA recognized organization, nonprofits can be sure that their fiscal documents are secure.
Technology Used:
There’s not much technology needed on a charity’s end since Sage Intacct is housed on the cloud. The platform has many different analysis and reporting capabilities – so a nonprofit who is familiar with data visualization tools will find the tool easy to maneuver.
Sage Intacct offers numerous integrations for a seamless process. In the nonprofit sector; Sage Intacct integrates with numerous CRMs and donor registration softwares.
Ease of Use:
With 35% of all of Sage Intacct’s business made up of nonprofit organizations it’s critical that the software is easy to use. Sage Intacct offers customer webinars; on-sight learning, and classes for their customers to learn the software. Sage Intacct conducts an annual conference entitled Advantage that includes training for all users. Advantage 2019 will be taking place in Las Vegas between October 21st and October 25th.
Recap:
Sage Intacct is a financial software that runs solely on the cloud. The platform integrates with numerous CRMS and donor management software to make it easy for nonprofits to manage their finances and assets. Among the different capabilities that Sage Intacct helps charities with are; spend management; purchasing; and reporting and analysis.
Advantages:
- AICPA certified
- The software is capable of helping nonprofits with numerous financial issues such as spend management and accounts payable
- Many customers site that Sage Intacct is easy to use and the dashboards are user friendly.
- With 35% of all businesses, nonprofits; Sage Intacct has a good understanding of the types of financial information nonprofits need to excel
Disadvantages:
- According to some customers- tracking capabilities and functionality can be improved
- Other customers site slow customer service as a source of improvement
My Opinion:
I think Sage Intacct is a great option to meet all of your financial and accounting needs. Benson had a very good understanding of the issues that nonprofits face in the financial world. Along with Sage Intacct, Benson and her team are trying to implement strategies and tools to help nonprofits succeed. If you are unhappy with your current financial software or are looking to purchase your first one- I would at least speak to a customer service representative and consider watching a free demo.
