Integrations
Many professional services firms leverage multiple technology solutions across their business , including their CRM , time entry , expense management , project management and more . However , companies often have difficulty integrating their tech stack and are left to export and combine data from several systems to get a better look at their business and customers . This approach can be inefficient , timeconsuming and error-prone .
Sage Intacct customers within this industry appreciate its open application programming interface ( API ), allowing them to integrate their CRM , time entry and expense management solutions . They can now create automations , sync data continuously and build comprehensive customer and project data reports .
Multi-Entity Consolidations
Sage Intacct was built to make financial management simple for multi-entity businesses . It provides you with one instance serving all entities within your business , where you can manage each from the top level . Other solutions offer multiple instances ( one per entity ). This approach silos your data , separates your chart of accounts and requires time-consuming manual consolidations .
Detailed Dimensions
While Sage Intacct offers standard dimensions ( location , department , vendor , customer , employee , project , item and class ) to help users classify their financial data , that ’ s not all . Users can create custom dimensions and define how they would like to tag their transactions . This allows for intuitive reporting based on how each user does business , providing the necessary insights to make strategic decisions .
Financial Reporting
To keep data continuously flowing , Sage
Intacct offers bank feed connections and key integrations for real-time reporting and increased financial visibility . When financial transactions are posted live , monthly closes happen faster and discrepancies are caught earlier . As a result , users can monitor their cash flow and pay bills quicker .
Providers using Sage Intacct benefit from tracking their budget versus actuals and seeing how work progresses . They can also manage projects better by identifying when they go off track and updating the project scope .
In addition , the platform can build reports to show a project ’ s profitability , billing status , billing utilization , write-offs and aging reports — all without data exports or Excel manipulation .
These Sage Intacct features are fan favorites among professional services firms . They work together to provide key business insights — allowing companies to pivot their strategies and make informed decisions to grow their business . The solution can also detect and help solve problems in real-time , rather than waiting on outdated reports to find errors . For more information on how Sage Intacct can help your professional services firm or to schedule a demo , contact Doeren Mayhew today . ■
Professional services users report using Sage Intacct ’ s custom dimensions to create project detail reports and monitor their actuals to budget . They appreciate the flexible reporting and customizable dimensions , as they can analyze more aspects of their financial and operational data .
Issue 1 | 2022 VIEWpoint 9