Sage Intacct

Software

Software:

Sage Intacct

Vendor:

Sage

Website:

Sage Intacct

Technology Platform:

Cloud

Core Software Information

Year Started:

1999

Software Summary

Sage Intacct Construction is a cloud-based financial management solution specifically designed to meet the needs of mid-sized to large construction companies. As Sage’s newest product in the construction sector, it offers robust financial management capabilities, including multi-entity support, and integrates seamlessly with other business systems critical to the industry. Sage Intacct Construction allows for extensive customization, enabling businesses to tailor the software to their specific operational needs. With its user-friendly interface and powerful, construction-focused reporting tools, Sage Intacct Construction provides real-time insights, helping companies streamline their financial operations and drive growth.

Monthly Cost Range:

Sage Intacct operates on a subscription-based pricing model, with costs varying based on the number of users, modules selected, and the level of customization required. Pricing generally ranges from $15,000 to $75,000 per year, depending on the specific configuration and support options chosen.

Target Audience:

Mid-sized to large construction companies, general contractors, specialty contractors, and real estate developers

Target Construction Segments:

General contractors, real estate developers, construction managers, specialty contractors, infrastructure developers

Target Company Revenues:

$10 million to $500 million and above

Modules:

Core Financials, Project Accounting, Time and Expense Management, Purchasing, Accounts Payable/Receivable, Fixed Assets, Multi-Entity and Global Consolidations, Budgeting and Planning, Inventory Management, Dashboards and Reporting

Other Software Owned by Vendor:

Sage 100 Contractor, Sage 300 CRE, Sage Fixed Assets

Customization:

Sage Intacct offers extensive customization capabilities, allowing businesses to tailor the software to meet their specific operational needs. Users can create custom workflows, reports, and dashboards to align with their business processes. The software also supports custom fields and objects, enabling companies to extend its functionality to meet unique requirements. Additionally, Sage Intacct’s open API allows for the development of custom integrations and applications, making it a highly flexible solution for businesses with complex financial and operational needs.

Integrations

API Integrations: Sage Intacct provides robust API integration capabilities, allowing businesses to connect the software with other systems and third-party applications. The platform supports REST and SOAP APIs, with detailed API Documentation available to guide developers in creating seamless integrations.
Types of Integrations: Sage Intacct integrates with a wide range of third-party applications, including CRM systems, project management tools, and industry-specific software. It also integrates seamlessly with other Sage products, as well as leading solutions like Salesforce, providing a unified business management platform.
3rd Party Construction Applications: Notable third-party applications that integrate with Sage Intacct include Procore, TimberScan, and Salesforce. These integrations enhance project management, document control, and customer relationship management capabilities, making Sage Intacct a more comprehensive solution for construction firms.
Limitations: While Sage Intacct offers strong integration options, some advanced integrations may require additional technical expertise or the assistance of Sage partners, which could add to the overall cost and complexity.

Key Features

Core Financial Management: Sage Intacct provides a comprehensive suite of financial tools, including general ledger, accounts payable/receivable, and financial reporting, enabling companies to manage their finances with precision.
Project Accounting: The project accounting module is tailored for construction firms, allowing them to track project costs, manage budgets, and monitor project profitability in real-time.
Multi-Entity and Global Consolidations: Sage Intacct supports multi-entity management, international operations, and global financial consolidation, making it ideal for companies with complex or global operations.
Customizable Dashboards and Reporting: The software includes powerful reporting tools that enable users to create customized financial reports and dashboards, offering real-time insights into business performance.
Time and Expense Management: Sage Intacct streamlines time and expense tracking, helping businesses efficiently manage employee time, expenses, and project-related costs.
Purchasing and Inventory Management: The software’s purchasing and inventory management features assist companies in managing procurement, tracking inventory levels, and reducing costs.
Fixed Asset Management: Sage Intacct provides tools to manage the entire lifecycle of fixed assets, from acquisition to disposal, ensuring optimal utilization and return on investment (ROI).
Budgeting and Planning: The budgeting and planning module helps businesses create, manage, and track budgets, leading to improved financial planning and decision-making.
Open API for Integrations: Sage Intacct’s open API facilitates seamless integration with other business systems, allowing companies to extend the software’s functionality and develop custom solutions.
User-Friendly Interface: The software’s intuitive design and easy-to-navigate interface make it accessible to users of all technical levels, reducing the learning curve and enhancing user adoption

Software Pros

Strong Financial Management: Sage Intacct excels in financial management, providing robust tools for managing complex financial operations, including multi-entity support.
Comprehensive Project Accounting: The project accounting features are specifically designed for construction firms, allowing for detailed tracking of project costs and profitability.
True Cloud Solution: Sage Intacct is a true cloud-based software, offering the flexibility, accessibility, and scalability that modern businesses need, allowing users to access their financial data from anywhere with an internet connection.
Real-Time Insights: Sage Intacct’s customizable dashboards and reporting tools provide real-time insights into financial performance, helping businesses make data-driven decisions.
Scalable Solution: Sage Intacct’s scalability ensures that it can grow with a business, accommodating more users and more complex operations as needed.

Software Cons

Complex Implementation: The implementation process for Sage Intacct can be complex and time-consuming, often requiring the assistance of Sage partners or consultants to ensure a successful deployment.
High Cost: Sage Intacct is a high-end financial management solution, and its cost can be prohibitive for smaller firms, particularly when considering the expenses associated with customization, implementation, and ongoing support, which can be very expensive.
Steep Learning Curve: The software’s extensive features and customization options may present a steep learning curve for new users, requiring significant training to fully utilize its capabilities.
Advanced Integration Challenges: While integration options are extensive, some advanced integrations may require additional technical expertise or third-party support, adding to the overall complexity and cost.
Construction Functionality Limitations: The construction-specific functionality of Sage Intacct falls short compared to Sage 300, leading some companies to regret migrating due to missing features and reduced efficiency.

RedHammer's Take

Sage Intacct is expected to remain a leading financial management solution for mid-sized to large enterprises, including those in the construction industry. As the demand for cloud-based solutions continues to grow, Sage will likely focus on enhancing Intacct’s cloud capabilities and integrating more advanced technologies like AI and machine learning. These developments could offer predictive analytics, automation, and improved scalability, further enhancing the software’s value proposition. Additionally, as businesses increasingly seek to streamline operations and improve financial transparency, Sage Intacct’s strong foundation in financial management and project accounting will continue to be a key selling point. Despite the challenges of cost and complexity, Sage Intacct’s robust functionality and flexibility will ensure its continued relevance in the financial management software market.