Over the last few years, many growing organizations have migrated to cloud accounting software to create a more flexible, scalable and robust infrastructure. According to a Flexi report, 67% of accountants preferred cloud-hosted accounting solutions over on-premise accounting software. Leveraging the right financial platform will allow your organization to keep up with industry trends and gain a competitive market advantage. Sage Intacct is the leading provider of cloud accounting applications and the only financial management solution preferred by the American Institute of Certified Public Accountants (AICPA). With flexible financial consolidation software, your organization can automate processes and save your team hours of manual work. Sage Intacct’s real-time reporting tool and cloud accounting dimensions feature allows you to gain deeper financial insights and visibility into your organization. Below we will discuss several reasons our customers have migrated to cloud accounting software:
Simplify Core Financials with Sage Intacct
Growing professional services companies have implemented Sage Intacct to streamline and automate project costing, billing, reporting and much more. Besler Consulting outgrew their basic accounting platform and recognized a need for flexible financial consolidation software to help with core financials. After Besler Consulting migrated to Sage Intacct they were able to simplify consolidations and reporting for multiple entities, locations, industry segments, service lines, and more. With Intacct’s real-time reporting tool, project dimension, strong project billing and costing system, they moved data seamlessly across their organization.
“Sage Intacct real-time reporting gives immediate insights into our metrics versus Sage 100. The project billing captures all billing components and then allows us to track costs per project effectively. Batch processing is a thing of the past. The dimension feature allows us to easily create reports by service line, product and department. The drill down features allows you to quickly go from a report directly to the source document, reducing the time and effort required when reviewing data”.
Achieve Real-Time Visibility with Financial Consolidation Software
It can be increasingly difficult for a non-profit to achieve its mission with outdated accounting software, and Visit Philadelphia wanted to gain a deeper financial insight into their organization. After they migrated to cloud accounting software, their organization attained visibility into financial metrics with real-time reports, dashboards and visualizations. Cloud accounting dimensions allowed their organization to improve reporting and analyze data in new ways to make data-driven decisions to drive their mission forward. With Sage Intacct’s customizable user permissions, Visit Philadelphia is now able to prioritize security by authorizing specific individuals access to data through role-based permissions and account monitoring.
“With Sage Intacct dimensions we can report on and view our data in many different ways, and in real-time. That just is not possible with Quickbooks.”
– Finance Manager, Philadelphia NonProfit
Maximize Growth Through Automation
Financial service organizations are continuously spending hours on tedious financial reporting, preparing everything from income statements to budgets and analyses. With flexible financial consolidation software, your financial services organization can automate processes to improve productivity and reduce costs. Your organization can streamline payment processing while increasing efficiency for nearly 70% less than average processing costs. (Sage Intacct) Sage Intacct’s real-time reporting tool allows your financial services organization to securely access data anytime from anywhere in the cloud. Sage Intacct easily integrates with many software systems to create a single sign on solution that’s customizable to your financial services organization.
“Sage Intacct has given us the ability to better streamline our day-to-day accounting tasks. We can duplicate transactions and use prepaid expense amortization to reduce data entry. Reporting is easier in Intacct than in Sage 100, and we can see information in real-time.”
-Anonymous Staff Accountant at a Financial Management Firm
Learn more by reading the blog: Financial Services Firm Invests in Cloud Accounting Software to Support Growth Initiatives.
Organizations across all industries have scaled and grown their business after they migrated to cloud accounting software. With advanced cloud accounting dimensions, real-time consolidation, streamlining capabilities and increased visibility across the entire organization, your team has the ability to focus on higher-level strategic issues to remain competitive in the market.
If you are interested in learning how switching to cloud accounting software can help your organization grow, email us!
CompuData is a leading Sage Partner for over 30 years and has Accounting and ERP Software certified consultants and developers that have the expertise, resources, and methodology needed to implement your cloud accounting software system. Your team is a part of the discussion throughout the entire implementation process allowing for a seamless cloud accounting transition. To learn more about our Sage Intacct expertise and how we can help your organization increase business performance, visit here.