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