Sage Intacct Multi-Entity and Multi-Currency Global Consolidations

Consolidate hundreds of entities in minutes, not days— productivity more than 50%.

If your multi-location organisation faces complexities— decentralised payables, inter-entity transactions, multiple currencies, global consolidations—you’re ready for Sage Intacct. Our accounting software for multiple entities automates financial consolidation activities including currency conversions, inter-entity transactions, local tax reporting and more. That eliminates manual effort so you can close the books 25%–70% faster and concentrate on growth.

Close quickly with multi-entity consolidations

• Journaled consolidations: Get granular visibility with eliminations and currency impacts so you can easily make post consolidation adjustments.

• Intercompany eliminations: Automate intercompany eliminations at the point of consolidation.

• Real-time reporting: Close the books faster and view interim summary figures at any time—your financial statements are ready when you are.

Manage multi-currency needs

• Currency conversions. Use accurate, automated exchange rates for currency conversions and revaluations that stay up-to-date, even as rates change. Automatically balance your inter-entity transaction entries across entities with multiple base currencies.
• ASC 830/FAS-52 compliance. Get ASC 830/FAS-52 compliant multi-currency consolidation, creating cumulative translation adjustments (CTAs).

Set up and maintenance for additional entities

• Simple entity and inter-entity set up: Set up new entities with configurable rules for inter-entity transactions, bank accounts, and more. See, set up, and manage all your interentity relationships in one place
• Flexible definitions: Have new entities inherit your existing lists, process definitions, and charts of accounts or configure new entities with unique definitions. Centralize payables and receivables or get entity-specific general ledger accounts.

Customer examples

Tandem HR, a provider of custom HR solutions, left over 15 Excel sheets (each one with 50+ tabs) and 22 instances of QuickBooks behind and cut 500 hours annually by eliminating QuickBooks workarounds. Sage Intacct also enabled a 195% increase in EBITDA through data-driven decision making.

Venture development nonprofit Jumpstart used Sage Intacct to manage financials across complex multi-entity operations to more than double the speed of planning cycles and increased budget accuracy by 90%

Contact us at Akuna Solutions and explore with a Sage Intacct implementation specialist how to leverage the most modern technology available today to support your organisation’s mission. 

Photo by Jason Leung on Unsplash