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When selecting an accounting software solution for your business, flexibility, scalability, and the software's ability to meet your business's ever-evolving needs is key. One of the leading commercial accounting software solutions, Sage Intacct®, offers users dynamic features and capabilities within the software and via a vast marketplace of fully integrated applications.
What Is Intacct Software?
Intacct is a cloud-based, AI-powered accounting software solution from Sage. With a wide range of accounting, payroll, human resources, and ERP features, it is among the leading products targeted toward fast-growing businesses and mid-market companies. The software is dynamic and highly customizable, as Sage creates unique software suites that have been individually curated for each of its clients.
Additionally, Sage Intacct is compliant with the generally accepted accounting principles (GAAP-compliant) and the only accounting software solution endorsed by the American Institute of Certified Public Accountants (AICPA).
What Is the Sage Intacct Marketplace?
Part of what makes Sage Intacct so powerful and popular is the Sage Intacct Marketplace. Sage's Marketplace for Intacct is a centralized, cloud-based platform providing a directory of software integrations designed to seamlessly integrate with Sage Intacct accounting software.
With over 350 Sage Intacct integrations available in the Sage Intacct Marketplace, businesses can expand, refine, and optimize their accounting software's capabilities, using solutions from verified partners, to meet all of their unique needs, organization-wide.
The Sage Intacct Marketplace is simple to navigate, search, and use to identify the applications that are relevant to your business's needs, operations, and back office. According to Sage, 75% of users have integrated at least two applications, expanding the capabilities of their Sage Intacct software to meet the changing needs of their businesses.
What Kinds of Integrations Are Available for Sage Intacct Accounting Software?
The integrations available on the Sage Intacct Marketplace are designed to expand your accounting software beyond financial management and metrics to include non-financial aspects of the business. This enables automation, improves reporting, and facilitates organization-wide enterprise resource planning (ERP).
The categories of integrations available on the Sage Intacct Marketplace include:
- Accounts Payable Automation
- Accounts Receivable Automation and Collections
- Budgeting and Planning
- Business Management
- Customer Relationship Management (CRM)
- Document Management
- Electronic Data Interchange (EDI)
- Expense Management
- Finance and Administration
- Fixed Asset and Leasing
- Human Capital Management and Payroll
- Inventory Management
- Point of Sale
- Project Management
- Spend Management
- Tax Management
- Time Tracking
In addition to these integrations, the Sage Intacct Marketplace also offers categories of industry-based integrations and location-based integrations for industry and country-specific solutions.
The Cost of Integrations on the Sage Intacct Marketplace
The integrations available on Sage Intacct's Marketplace are provided by independent, partner developers.
As a result, each separate integration has a different cost and fee structure for download and use. The costs and structure of fees or subscriptions vary, and it's important to prioritize your business's software needs based on the restraints of your operating system and software budget.
Are There Any Drawbacks to Sage Intacct Accounting Software and Integrations?
Sage Intacct is a robust and comprehensive solution to your back office and ERP needs. It does, however, have a few drawbacks. There are two commonly noted disadvantages to Sage Intacct: cost and user-friendliness.
The Cost of Sage Intacct
Sage Intacct has a higher price point than other popular accounting software solutions (such as QuickBooks Online). While it is often necessary for fast-growing and mid-market-sized companies to upgrade to a more robust solution like Sage Intacct, they do not publish their prices on their website. Instead, Sage charges each client a price based on the features included in their uniquely curated software solution. While the price of Sage Intacct can vary greatly, most customers just starting out will pay an average rate of $10,000 to $20,000 annually.
For some clients, this price point is a bit steep. With the additional integrations adding additional expense, the total cost can increase rapidly, depending on your company's individual needs.
That being said, Sage Intacct claims the ability to improve its customers' operational efficiencies by 90% and produce a potential 250% ROI!
Sage Intacct's Learning Curve
The other common drawback of Sage Intacct is its usability. Since this software offers so many features, capabilities, and customizations, it has a steep learning curve, is less intuitive than QuickBooks, and is generally not considered appropriate for use by individuals who do not have professional education, training, and experience working in the bookkeeping and accounting industry.
With so many customizations available, the user must understand the specific needs of their business and how they can leverage the available features and integrations to enhance and improve operations. Without a high level of bookkeeping, accounting, and financial management knowledge, it can be difficult to help Sage curate an appropriate solution for your business.
This is why we highly recommend seeking an outsourced accounting partner with Intacct experience.
In the right hands, Sage Intacct can work wonders for your back office and the rest of your organization.
In the wrong hands, however, it can be daunting and difficult to use, complicating your business's back-office processes, financial management, and operational metrics.
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Make the Most of Your Accounting Software and Integrations With Outsourced Accounting Services for Businesses
If your business is going to invest in a high-powered accounting software solution like Sage Intacct, then it should protect that investment with a competent and experienced outsourced accounting services provider. Sage Intacct is designed to facilitate collaboration between business leaders and remote accounting teams. Working with an outsourced accounting services provider will ensure that you can unlock the full potential that Sage Intacct and its many integrations hold for your business.
Teamed up with a competent team managing your back-office, you can ensure that your Sage Intacct solution is customized to fully meet your business's needs. You'll avoid paying for features that your company doesn't actually need or use, and you'll be able to generate a substantial ROI on the features included in your package.
You'll learn to read, understand, and use your dashboard of financial reports, management reports, and metric charts to gain valuable insights into your business's operations and financial health. You can use these insights to make data-driven decisions to enhance operations, increase efficiency, maximize profits, and lead your business to a more successful future.