Sage Intacct was one of the first cloud accounting applications, launching in 1999. Whereas competing products aimed to replicate the full ERP suite, Intacct chose to specialise in accounting and financial reporting. It has deeper revenue recognition features out of the box for activities such as grant acquittals which typically need to be custom built in other ERPs.
Sage Intacct typically partners with other enterprise applications such as Salesforce to match the breadth of functionality required by larger businesses.
Sage acquired Intacct in 2017 and is promoting the platform heavily in Europe, the Asia Pacific and North America.
- Strong multi-dimensional reporting interface, particularly for Non-Profits
- Dashboards are easy to set up for daily use
- Easy to use navigation
- Reporting for SaaS businesses
- Robust audit trail
- Financial automations and workflows for multiple stakeholders
- Lacks integrations with some apps such as Sisense and Certify
- Bank feeds don’t pull through as much data as feeds in small business accounting software
- Slower load times when processing large data volumes
- Can’t automate some features without external tools
- Some questions about multi-currency ability such as allocating funds to bills in different currencies
- Long support response and resolution times for some issues
List of Modules
Finance & Accounting
Reporting and dashboards
Digital board book
- Fixed assets
- Inventory management
- Multi-entity and global consolidations
- Project accounting
- Revenue recognition
- Spend management
- Time and expense management
Intacct built a large customer base through organic growth, without acquisitions. Sage acquired Intacct in 2017.