Best-in-class functionality
- Over two decades, Sage Intacct has continually evolved into a world-class cloud based accounting, financial, and cloud based ERP platform. With 4 new releases each year, it continues to add capabilities that anticipate customer needs and keep the product ahead of competitors.
- Below are key highlights in each major functional area. There is much more – please contact us for more information and to discuss how Sage Intacct and Akuna can help your organisation manage, compete and grow!
Core Financials
Transform your finance processes, slash your close time and increase productivity with Intacct’s best-of-breed core financial modules.
- The core financial modules include General Ledger, Accounts Receivable, Accounts Payable, Cash Management, Currency Management and Fixed Assets.
- Dimensions enable categorisation of transactions, empowering unequalled analysis and reporting capabilities.
- Advanced Allocations enables sophisticated revenue and cost reallocation.
- Collaborate allows users to communicate around transactions, providing enduring audit trails.
Global Tax
Ensure compliance around the globe with a scalable, end-to-end solution that provides accurate sales and input tax calculations together with centralized visibility and reporting across entities.
- Tax Solutions are used to define GST, VAT, Sales or similar Use taxes for each tax jurisdiction.
- In Australia the BAS is generated by Sage Intacct, as well as supporting schedules and comprehensive reporting.
- Group reporting is facilitated based on ABN or ACN.
- Electronic tax submission is supported in many jurisdictions and is on the roadmap for others.
- Use the pre-built integration with Avalara to automate sales tax calculation and management in the USA and many other countries.
Global Tax
Global Consolidations & Multi-Entity
If your organisation has multiple entities, perhaps in multiple geographies, then Intacct has you covered! Do in minutes what may currently be taking you days or weeks.
- Sage Intacct supports unlimited entities.
- Shared chart of accounts, customers, vendors, items, projects, contracts and more allow you to define processes to mirror the way you work, as well as transact and report across entities.
- Inter-entity transactions simplify the recording of intra-group activities.
- Create as many consolidations as required, each with user-specified entities of any base currency, consolidation reporting currency, translation rates, elimination rules, consolidation journals and more.
Planning & Budgeting
Sage Intacct Planning is an intuitive cloud planning solution that eliminates your reliance on uncontrolled, inflexible, unsecure spreadsheets and replaces them with a real-time single source of financial truth for agile and confident planning and budgeting.
- Synchronises planning and budgeting data with the rest of Intacct.
- Provides familiar spreadsheet-type formulas so you can easily build your budgeting models.
- Users can manage their own budget areas without shuffling spreadsheets backwards and forwards.
- Empowers collaboration during the planning and budgeting process.
Planning & Budgeting
Sales Management
Accelerate your quote-to-cash cycle with sophisticated sales management functionality.
- Define business rules for as many different types of quotes, orders, shipping notes, sales invoices and return notes as required.
- Specify unlimited quote-to-cash workflows for all of your multi-channel processes, incorporating any mix of quoting, order processing, fulfillment, invoicing and returns.
- Link transaction lines to AASB15 / IFRS15 / ASC606 compliant revenue recognition schedules.
- Utilise the pre-built Salesforce integration to support quote-to-cash cycles that span CRM and ERP. Alternately speak to us about configuring integration with most other CRM’s.
- Automatically update Inventory, Accounts Receivable and Cash Management.
Construction & Real Estate
Simplify and automate your procure-to-pay cycle with world-class purchasing management functionality.
- Define business rules for as many different types of purchase requisitions, purchase orders, receiving notes, purchase invoices and return notes as required.
- Specify unlimited procure-to-pay workflows for all of your multi-channel processes.
- Configure approval processes that are aligned with your delegated authority framework.
- The Spend Management module allows you to manage actual vs budgeted spend by purchase type, location and department.
- Automatically update Inventory, Accounts Payable and Cash Management.
- Enable commitment accounting.
- Electronically pay vendors in Australia via system-generated ABA files. Payments in many other countries can also be supported.
Purchasing Management
Contracts, SaaS & Subscriptions
The Contracts Management modules provide comprehensive end-to-end contract and subscription management functionality. They are tightly integrated with the rest of Intacct, providing a single subscription system of record.
- Flexible billing rules and frequencies cater for virtually any kind of billing and pricing requirements, aligned with performance obligations.
- You can centralise linear, milestone, usage, perpetual and even services billing in one place.
- Powerful contract renewal functionality allows you to control how and when contracts are renewed, including billing rules, pricing and notifications. Evergreen contracts are also fully supported.
- Best-in-class revenue recognition is built into the core product, ensuring compliance with AASB15, IFRS15, ASC606 and most other standards. Each contract can simultaneously comply with two standards and report using either. Multi-element arrangements are also supported.
- Contract expenses such as commissions, royalties, etc can also be deferred and recognised in accordance with the required accounting standards.
- The Digital Board Book provides up-to-the-minute SaaS statistics including CMRR, CAC, Churn, Renewal Rates, Customer Stats, CMRR Waterfall and more.
- 5-year forecasts of billings, revenue and cashflow are available at the push of a button. The forecasts incorporate renewal rules, scheduled price changes, and more.
- The Salesforce Integration module enables seamless alignment of sales, contract management and accounting activities. You can eliminate duplicate data entry, provide sales with up-to-date customer status details, collaborate between finance and sales, and more.
- Integrate with payment automation solutions that collect payments from credit cards, bank accounts, etc, as well as automate the management of late / non-payments.
Project Management
The Project Management modules allow professional services, consulting, technology, engineering and similar organisations to track time and costs, manage projects and resources, bill customers and recognise revenue based on their own unique requirements.
- Track internal time and expenses by project, record R&D costs by product, or manage full-blown projects.
- Configure work breakdown structures to suit each project, and save templates for re-use.
- Define billing rules, rates, invoice formats and more uniquely for each project.
- Billing can be based on any combination of time and materials, fixed fees and milestones, or percentage completion.
- Automate revenue recognition in accordance with AASB, IFRS, GAAP and most other accounting standards.
- Manage projects, produce Gantt charts, and optimise resources.
- The Salesforce Integration module enables seamless alignment of sales, project management and accounting activities. You can eliminate duplicate data entry, provide sales with up-to-date customer status details, collaborate between finance and sales, and more.
Project Management
Non-Profit Management
The Non-Profit Management modules extend Sage Intacct, providing an end-to-end platform to manage, administrate and report on non-profit organisations.
- Grants Tracking & Billing enables the recording and management of grant application and billing, as well as related program spending and accounting.
- Non-Profit Revenue Recognition records revenue in accordance with relevant accounting standards.
- Non-Profit Spend Management allows non-profits to pro-actively manage expenditure budgets.
- Non-Profit Digital Board Book provides actionable dashboards in GuideStar (and similar) formats to empower effective decision making and comparison with industry averages.
- Integration with the Salesforce Non-Profit Success Pack means seamless integration between Salesforce and Intacct regarding fund-raising and other related activities.
- Powerful reporting enables preparation of acquittals reports based on the unique requirements of each funder.
Construction & Real Estate
The Construction Management modules extend Sage Intacct to meet the financial accounting needs of construction and related organisations.
- Measure construction project cost and productivity through the full life cycle, including estimating, project management, change management, data collection, and accounting.
- Ensure that project work is priced, communicated, approved, and incorporated into the billing cycle accurately.
- Incrementally invoice your customers based on contract terms and share all necessary details, such as amounts, total paid, percentage of work completed, amount due, and total outstanding amount for the project.
- Track and manage the payment or receipt of contractual retainage amounts.
- Report on project compliance, progress, costs, and profitability.
- Real Estate management functionality is now available,enabling the administration of rentals and related activities.
Construction & Real Estate
Revenue Management
Inventory Management
Inventory Management provides end-to-end inventory management across both the procure-to-pay and quote-to-cash cycles.
- Link multiple warehouses, sales, and administrative locations without expensive IT infrastructure.
- Manage finished goods inventory either at a single location or at multiple warehouses or locations with multiple product lines.
- Track any number of vendors per inventory item, along with reorder levels, quantities, and costs using multiple cost-evaluation methods.
- Supports multiple transaction definitions and workflows for adjustments, transfers, damaged goods, inventory receipts, scrap or spoilage, and shipping.
- Manages kits, landed costs and replenishment.
Inventory Management
Salesforce Integration
The Salesforce Integration module provides “out-the-box” integration between Sage Intacct and Salesforce, reducing duplicate data entry and related errors while enabling collaboration and information sharing across the organisation.
- Supports Salesforce Enterprise, Salesforce CPQ and Salesforce Non-Profit Success Pack. Works with both Classic and Lightning.
- A wide range of data objects are synchronised between Intacct and Salesforce. Granular rules and parameters can be defined, helping you achieve the required integration.
- In addition, advanced integration functionality is incorporated for SaaS, Projects and Non-Profit organisations. This enables seamless integration between sales, operations and finance.
- Salesforce Chatter is supported within Intacct, enabling collaboration across the organisation.
Reporting, Dashboards & BI
Intacct provides best-in-class reporting and data visualisation, empowering your organisation to get real-time information at the point of decision-making.
- A vast set of standard reports are included across the different modules in the Sage Intacct platform, with extensive parameters to customise output to your needs.
- Financial Reporter leverages Intacct’s dimensions to provide unsurpassed power and flexibility in setting up and running General Ledger reports.
- Two Custom Report Writers allow you to combine and report on data across the application.
- Reports can be scheduled and automatically delivered.
- Highly customisable dashboards can be configured by role or user to provide immediate and up-to-date information across Intacct.
- Interactive Visual Explorer is a Business Intelligence application that forms part of the Intacct platform. It can be used to visualise data across Intacct.
- The Data Delivery Service provides a highly customisable and efficient way to provide financial and operational data to external reporting platforms.
- The open API enables additional powerful custom reporting choices.
Reporting, Dashboards & BI
AI, ML & Advanced Functionality
Sage Intacct is committed to ensuring that it stays at the forefront of the functional and technology frontiers. Among other things, it leverages the extensive R&D capabilities of the broader Sage group in the areas of artificial intelligence (AI), machine learning (ML) and other advanced functionality. Some examples of the results of this are detailed below.
- Intelligent General Ledger uses AI-driven Outlier Detection to flag transactions that appear unusual, based on continuous analysis of your transactions.
- Sage Intelligent Time utilises AI and ML to prepare draft timesheet entries based on activity across the office automation apps that you use, often identifying billable time that would otherwise not be charged.
- AP Automation will automatically create AP invoices in Intacct from supplier-provided AP invoices, eliminating manual data capture. Typically these are provided as PDF, JPG, JPEG, TIFF or PNG files by suppliers. AP Automation uplifts data from the document and creates draft AP invoices. If you correct any information before posting, the AI/ML engine “learns” and remembers this the next time an invoice from that supplier is processed.
Customisation
Intacct Platform Services allows you or your Sage Intacct Partner to customise the application. This could be a small automation or customisation to an existing function or entry form, all the way through to a comprehensive module for your specific needs.
- Platform Services takes care of the mundane technical tasks needed to build additional functionality, allowing you or your Sage Intacct Partner to rapidly build the automation or customisation required.
- The way in which upgrades are done almost always isolates your customisations, ensuring they are not affected by the upgrade process.
Akuna has an experienced development team that can assist you with your Intacct customisation requirements.