Intacct Accounting Review
Product Snapshot
Technology
Intacct Accounting is a cloud based accounting software solution designed to meet the needs of businesses of all sizes.
Customer Focus
Intacct accounting can be used by small companies up to enterprise level companies in the franchise, faith-based, hospitality, healthcare non-profit, professional services, software, retail and wholesale industries
Select Customers
TeleManagement Forum, Odysset Thera, Cardinal Southwest Huston, Fast Eddies, 3balls.com, Acceller
About Intacct Accounting
Intacct Accounting is made to help growing companies expand from QuickBooks to a more robust accounting solution with many features that can help companies continue to grow profitably. Intacct Accounting can be used by small businesses or multi-national enterprises that deal in multi currencies. The flexibility of Intacct Accounting helps companies manage their financial date in a clear and concise manner that can be configured to meet the needs of the company.
Intacct Accounting can also be integrated with Salesforce to help reduce the amount of data entry and streamline sales processes.
About Intacct
Intacct is a market leader in on-demand financial management and accounting applications that is used by thousands of businesses, from startups to public companies. Companies use Intacct’s award-winning solutions to manage and share financial, supply chain and professional services information. Intacct helps companies automate key business processes from order entry through cash collection and from procurement through vendor payment.
The Intacct accounting system includes financials and accounting, contract and revenue management, order management, project management, financial consolidation, real-time dashboards and financial reporting applications, all delivered via Software-as-a-Service.
Intacct Accounting Key Features
General Ledger
- Tracks and reports data using up to 13 dimensions and companies can compare an unlimited number of actual, budget and forecast scenarios
- Includes over 150 pre-defined reports. Companies can also create their own reports to combine financial operational data into unified reports, graphs and dashboards
- Gives companies access to important financial data with real-time searches across the organization
- Flexibility helps companies organize financial structure and improve reporting with reusable account groups and calculated accounts, configurable workflows and automated posting capabilities
- Allows companies to define accounting periods with custom period capabilities, fiscal year, calendar year and custom time reporting
- Automatically creates income statements, balance sheets, cash flow statements and other trend reports
- Provides a comprehensive audit trail for all users and transactions to help companies maintain compliance
Accounts Receivable
- Helps companies collect and process payments like cash, checks, credit cards and banking transfers
- Intacct can help companies set up and generate recurring invoices
- Creates invoices that can be printed or emailed
- Helps companies manage cash collection and key customers
- Companies can receive and apply regular and advanced payments, apply penalties, adjust accounts, make deposits and deliver statements
- Intacct automates data entry by defaulting customer terms, general ledger accounts, billing and shipping information
- Provides real-time visibility into customer financial information and cash analysis
Revenue Management
- Automates end-to-end revenue recognition, billing and renewal processes for any type of revenue model
- Helps companies manage increasingly complex revenue recognition guidelines, including SOP 97-2, 98-9, 81-1, EITF 00-21, 08-01, and 09-03
- Eliminates spreadsheets for revenue recognition
- Can reduce days sales outstanding (DSO) by up to 25%
- Increase renewal revenue by 25-30%
- Provides access to all financials including deferred revenue, renewal revenue and revenue recognition reports and graphs
Cash Management
- Improves productivity my managing all cash accounts from a centralized location
- Automates bank reconciliations
- Manages cash flow, forecast cash needs, maximize investment returns and helps maintain compliance
Reporting and Dashboards
- Companies can create and share dashboards, interactive charts, multiple budget capabilities, reports and mashups
- Provides companies with real-time and consistent visibility in the company by combining financial and operational data
- Intacct includes analytics and reporting tools to help companies view trends over time, compare business attributes and model business scenarios
Multi- Currency Management
- Intacct can help reduce the cost and complexity of businesses using multiple currencies
- Helps improve productivity to help companies manage complex international operations or helps companies do business with clients or vendors in multiple currencies
- Companies can conduct, report and analyze their company using unlimited base, transaction and reporting currencies
- Provides companies with automated exchange rate updates, real-time rates, currency revaluations and automatic calculation of realized and unrealized gains and losses
- Intacct automates compliance for GAAP, SOX, IFRS, FAS52, FAS141R and ETIF 87-12
Global Consolidations
- Companies can automate and control global accounting consolidation and close processes, while improving visibility with real-time intelligence to drive better business decision making
- Helps companies expand into local and international markets
- Intacct manages complex financial processes by supporting the structure that best represents the company
OrderManagement
- Improves productivity by automating the order-to-cash cycle
- Improves sales and encourages the use of the most profitable channels
- Provides a variety of flexible pricing options
- Delivers accurate, timely information to everyone that is involved in the ordering process
Salesforce Integration
- Converts quotes in Salesforce into orders in Intacct, eliminating manual data entry
- Helps sales reps submit quotes and orders, verify pricing and complete the sales without leaving Salesforce
- Reduces the days sales outstanding by up to 40% while improving customer satisfaction by providing sales team with real-time financial information of customers
- Automatically generates renewal sales opportunities in Salesforce based on original contract terms and desired price adjustments
- Companies can automatically update Salesforce with the most recent billing and payment information
Sales Tax Management
- Automates the process of sales tax compliance
- Ensures that sales tax calculations are accurate despite changing tax laws, boundaries and jurisdiction
- Automatically calculates sales tax at the point of sale with seamless integration of AvaTax for Intacct and Intacct financial management applications
Project Accounting
- Automates and streamlines the capture of all billable and non-billable time and expenses
- Helps companies reduce revenue leakage, maximize billable hours, gain control over current project costs and margins and helps future forecasts to be more accurate
- Streamlines cash collection and revenue recognition to improve cash flow
- Companies can proactively manage project revenue, costs and margins to improve profitability
- Provides real-tom visibility into backlogs and their impact on recognized and deferred revenue
- Ensure that bids reflect the true cost of implementation and include adequate margins
Time Expense Management
- Provides access to time and expense reporting and approvals for distributed workforces
- Provides real time visibility into expense commitments made by employees to manage committed funds
- Check the status of timesheets and expense reports at any time with automated workflow that emails notifications to supervisors for reviews and approvals
- When used with Intacct Project Accounting, companies can capture billable and non-billable time and expenses related to client projects
- Streamlines and automates online approvals to help companies enforce policies and internal controls
- Increases employee satisfaction by expediting the expense reimbursement process by using an online expense reporting system
Accounts Payable
- Intacct automates data entry by pre-defining vendor values like payment terms, discounts, general ledger accounts, payment priority and payment date
- Automates vendor payment processes to manage and control invoice and check payment
- Allows companies to implement multiple payment approvals to manage cash and enforce internal processes
- Automates expense allocation with pre-defined expense allocation tables
- Companies can manage close processes independently from the general ledger period close
- Prints 1099 forms or generates them for electronic filing
Purchasing
- Purchasing can be tailored to fit the companies needs through configurable best practice templates
- Optimize price management and minimize purchasing costs with automatic quantity price breaks and economic order quantities
- Automate purchasing transactions to make it easier for staff to monitor and manage merchandise and service acquisitions
Inventory Management
- Configure inventory workflows and model transaction to suit the company’s inventory management needs
- Provides companies with visibility into inventory management through reports and centralized business dashboards to provide real-time performance analysis
- Reports include comprehensive drill-down capabilities to make sure companies are getting the most out of their data
Intacct 2012 User Interface - New Features - Demo - HD
Intacct 2012 User Interface
Upgrading to Intacct from QuickenProducts Similar to Intacct Accounting
White Papers and Demos
Demand the Best from Your On-Demand Software
White Paper provided by Intacct
As businesses increasingly embrace software as a service (SaaS) to deliver their software applications, it's critical to understand a key differentiator among the many SaaS solutions available: best-of-breed applications versus single vendor application suites.
White Paper provided by Intacct
As businesses increasingly embrace software as a service (SaaS) to deliver their software applications, it's critical to understand a key differentiator among the many SaaS solutions available: best-of-breed applications versus single vendor application suites.
Life after QuickBooks: Graduating from QuickBooks to On-Demand Financial Management
White Paper provided by Intacct
In the past, graduating from QuickBooks to a more sophisticated system meant acquiring a costly and complex on-premise software application. These applications entail a significant upfront investment, long deployment cycles, and cumbersome business processes. Today, a new breed of Software-as-a-Service (SaaS) solutions has emerged to address businesses’ real-time financial management needs.
White Paper provided by Intacct
In the past, graduating from QuickBooks to a more sophisticated system meant acquiring a costly and complex on-premise software application. These applications entail a significant upfront investment, long deployment cycles, and cumbersome business processes. Today, a new breed of Software-as-a-Service (SaaS) solutions has emerged to address businesses’ real-time financial management needs.
Cloud Financials Come of Age
White Paper provided by Intacct
Learn how improvements to cloud financials have led the cloud financial solutions to come of age.
White Paper provided by Intacct
Learn how improvements to cloud financials have led the cloud financial solutions to come of age.
What Others Say About Intacct Accounting
- Keeping Your Books Intacct – PCmag.com
“You pay only for the tools your company actually uses. There’s a $25 monthly charge per licensed user, then additional charges for each application. Beyond the core accounting tools, Intacct offers several additional modules facilitating processes like tax export, time billing, audits and reviews, and business development.” - Intacct Accounting Software – SoftwareAdvice.com
“Intacct is a Web-based financial accounting software system with a broad set of functionality for small to mid-sized businesses.” - Intacct Software Review – ERPsearch.com
“The Intacct accounting software and financial management solution is designed for small- and medium-size businesses (SMBs). The accounting software is largely horizontal in nature—satisfying SMBs seeking deep accounting system functionality regardless of industry.”
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