Sage 300 is a solution that helps small and medium sized businesses manage their finances, operations, and inventory. With over 40,000 customers, Sage 300 is a successful solution that allows finance leaders to manage multiple companies and currencies in one place. As your organization grows however, Sage 300 may no longer be able to keep up with your business needs. Below are the key signs you should look out for that indicate you may be outgrowing Sage 300.
Top Signs You May be Outgrowing Sage 300-
1. Forecasting and Reporting Needs–
Sage 300 clients are often challenged by the lack of flexibility within their accounting solution. Reports are not easily customizable and often require help from IT in order to create new reports or modify existing ones. Often times, this leads to the finance team creating workarounds in Excel that are very time consuming. On the other hand, Sage Intacct provides users with real-time customizable reports and dashboards. With real time reporting, the finance team can make decisions confidently knowing they have the most up-to-date data. Additionally, Intacct has separate invoice billing and revenue recognition to improve forecast accuracy.
2. Lack of Integration Capabilities–
Organizations that are outgrowing Sage 300 make the switch to Sage Intacct to have best-in-class financial software. Sage 300 lacks the integration capabilities of Sage Intacct. Sage 300 directly integrates only with Sage CRM and doesn’t have a marketplace of pre-built integration packages. However, Sage Intacct’s open API allows for easy integration with other best-in-class solutions available through their Marketplace partners. Sage Intacct also integrates with Sage CRM as well as Salesforce.com (SFDC). This capability is ideal for SFDC users because they will not have to go through the trouble of creating a custom integration for their CRM.
3. Need for Greater Accessibility–
Sage 300 is typically an on premise solution used to manage finances, operations and inventory. As more organizations look for ways to reduce the burden on internal IT and free up resources to pursue more value-added activities, a cloud-based solution like Sage Intacct makes sense. Although Sage 300 can be hosted in the cloud, Sage Intacct is a true cloud-based platform that can be accessed anytime, anywhere. This gives your finance team the ability to work remotely.
4. Construction Experience–
Sage recently announced the launch of Sage Intacct Construction. This new cloud financial management solution was designed to meet the unique needs of construction companies. Additionally, it will help construction financial managers (CFMs) track and manage costs and productivity in real time across locations. The Sage Intacct Construction includes the functionality of Sage 300 Construction, formerly known as Timberline, built onto Sage Intacct’s multi-tenant cloud platform. Sage Intacct Financials combined with Timberline’s 40 years of construction experience is the perfect solution for construction companies.
As your organization grows, it’s important to stay ahead of the curve by leveraging a financial management solution that’s designed to work the way you need it to meet your goals. Furthermore, if your business needs better reporting capabilities, accessibility, and better integrations, you may be outgrowing Sage 300. By migrating to a cloud-based financial management solution like Sage Intacct, you can benefit from a solution that will scale as your business grows.
If you believe your organization is outgrowing Sage 300, our team of experts can help! As a Sage partner for 35+ years, we can help find a solution that is right for your business.