In the construction industry, finding the right financial software is essential to efficiently manage finances, projects, and operations. Sage 100 Contractor and Sage Intacct Construction are both popular software solutions designed for the construction industry. While Sage 100 Contractor is an excellent financial management platform, many growing organizations have recognized a need to migrate to Sage Intacct Construction. Sage Intacct Construction’s cloud-based solution offers enhanced financial management capabilities that allow construction companies to streamline operations and gain deeper insights into their financials. Below highlights the key reasons why organizations are migrating to Sage Intacct Construction:
Sage 100 Contractor vs. Sage Intacct Construction
When deciding on the right financial software for your organization, there are many factors to consider. Sage 100 Contractor and Sage Intacct Construction are both ERP (Enterprise Resource Planning) and accounting- focused platforms. However, Sage Intacct Construction is a cloud-based solution primarily focused for organizations that are growing and require advanced features and scalability. While Sage 100 Contractor is primarily an on-premises solution that has the ability to support smaller to mid-size organizations.
Why Organizations Are Migrating to Sage Intacct Construction
Both Sage 100 Contractor and Sage Intacct Construction are trusted software options, however many organizations are migrating from Sage 100 Contractor to Sage Intacct Construction. The key benefits of moving to a more robust solution include:
Strong General Accounting Functions
Sage Intacct Construction’s general accounting functions offer enhanced capabilities compared to Sage 100 Contractor. The platform has a robust general ledger module with advanced functionalities that help simplify complex accounting processes. It supports real-time posting and instant visibility into financial transactions, ensuring accurate and up to date financial records. The software also offers flexible journal entry capabilities, allowing users to easily create, edit, and reverse journal entries.
Bank reconciliation is a critical accounting process that ensures the accuracy of financial records. Sage Intacct Construction provides enhanced bank reconciliation features, making the process more efficient and accurate. The software supports automated bank feeds, allowing transactions to be imported directly from financial institutions. This streamlines the reconciliation process, reduces manual data entry, and minimizes the risk of errors.
Accurate and timely financial reporting is essential for construction companies, and Sage Intacct Construction provides a wide range of reporting capabilities that go beyond what is available in Sage 100 Contractor. The platform allows organizations to create comprehensive financial reports within the system- offering flexible report templates, dashboards, and financial statements that can be customized to meet specific reporting requirements. These advanced reporting features can save you and your team time and provide deeper insights into financial performance.
Sage Intacct Construction’s integration capabilities allow you to seamlessly connect with other essential business systems- including various project management, document management, payroll, and CRM systems. This can help improve data accuracy and consistency across systems and eliminate the need for manual data entry. By integrating key systems, you can see real-time information and make more informed business decisions.
Open APIs can also help to automate business processes and workflows. This could involve triggering actions based on specific events and conditions, such as creating a journal entry or adjustment, automating invoice approvals, generating and sending invoices, and streamlining other accounting and financial processes.
Power of the Cloud
While Sage 100 Contractor can be hosted in the cloud, it is primarily an on-premise solution. Sage Intacct Construction’s cloud-based software allows for anytime, anywhere access to data and applications, making it easier for you and your team to collaborate and access real-time information. Operating in a cloud-based solution eliminates the need for on-site server infrastructure and provides the flexibility to scale up or down as needed. Sage Intacct’s cloud platform is highly scalable and easily accommodates the needs of your construction company, ensuring that your accounting system can grow alongside your business.
CompuData is a leading Sage Diamond Partner with over 30 years’ experience migrating and implementing Sage solutions. Our team of certified Sage Intacct Construction consultants have the expertise, resources, and methodology needed to support your migration.