Intacct Flashcards
Is Sage Intacct a cloud native or a cloud connected solution?
Cloud Native
What verticals is Intacct aimed at? (Name a few)
Service-based Industries. For example: Software, Professional services, Financial services, Consulting, Not for Profits, Healthcare, Hospitality, Logistics, Wholesale Distribution
What business sizes is Intacct aimed at? Name two characteristics.
Between 15 and 5000 employees
At least £3m+ yearly revenue
What is the minimum advised yearly revenue for Intacct Starter Edition and Intacct Full Version?
at least £3m for Starter Edition and at least £5m for Full Version
How is the dashboard in Sage Intacct built?
It’s highly customisable. User is able to create their own personalized dashboard to see the exact figures they are interested in.
Upon clicking on a figure in question, Intacct will expand and elaborate on how the figure came to be and where the numbers come from.
How is it that with Intacct, users do not need to rely on IT to create advanced, custom reports?
Intacct allows users to craft their own custom reports, without working directly on databases, if what they need is not available in the library of predefined reports. It’s an intuitive ‘no code’ solution.
Describe the ‘approval’ system in Intacct
It is possible to allow a user to create a transaction, e.g an invoice, a sales receipt or a bill, however, before the bill hits the reports another user with higher level of permissions, e.g CFO or Financial Controller needs to have a look at the transaction and ‘approve’ themselves.
Good error prevention tool.
Is Intacct able to pull data from multiple entities onto the same dashboard?
Yes.
Sage Intacct does not only allow to hold multiple entities in one ‘instance’ of Intacct, it also holds them in one place. There is no need to export spreadsheets from each account holding one entity to consolidate them in excel, outside of Intacct.
Intacct can consolidate them with no external help.
Explain what is multiple entities consolidation in Intacct
Intacct is able to pull data from multiple companies, or, entities, into one place, in one instance of Intacct.
This includes the dashboard and reports.
Users can create their own personalised dashboards and reports that contain data of interest from multiple companies.
Sage Intacct has very robust consolidation capabilities.
Name 3 things that Intacct can consolidate.
Multiple entities (companies)
Multiple currencies
Multiple geographies
Elaborate on Intacct selling point of ‘real-time visibility’
Intacct not only has a vast library of financial reports available at hand, it also allows to personalize dashboards and create custom reports to view exactly what is important at the moment. This capability saves time on drilling through rigid default reports and breaks the notion of a fixed dashboard so no data is hidden or difficult to access.
Can Intacct stay compliant to multiple legislations?
Yes but no.
Starter Edition is no fit for multi-national companies and it cannot stay compliant to legislations in multiple countries at the same time.
Full Version, however, is Multi-Tax so it can.
What are ‘Inter-company transactions’. Does Sage Intacct support them?
These would be transactions between companies held within one instance of a financial solution.
Intacct does support this feature.
How Intacct stop users from viewing data they are not authorized to see?
Sage Intacct support ‘permissions-based access’ to information.
The super user (user with the most control, like Financial Controller or CFO) can decide how much visibility and access other users have.
How does ‘discussion’ or ‘chat’ feature work in Intacct?
Intacct allows users to discuss transactions. This way, all discussions can be held together with the transaction in question to make audits much easier.
Why is it worth asking a prospect about their existing integrations between their financial solution and other, supporting software?
Intacct is a solution crafted specifically for prospects needs. It is possible to create an instance of Intacct with robust integration that fits client requirements, so prospects will not have to craft their own solutions to integrate softwares.
What is Sage Marketplace and how does it enrich Intacct?
Marketplace is an online store with plugins and addons to Sage products. The available softwares, written by ISVs (independent software vendors) approved by Sage, can add functionality to Sage solutions.
What is the pricing of Sage Intacct?
We are not able to provide this information.
The most we know is that the starter edition of Sage Intacct is £1000/mo + implementation costs. The reason for this is that each Intacct is uniquely crafted for prospects specific needs by our business partners. We have no access to their pricing information, nor to their planning process.
Name 3 features of Intacct that help error prevention
Automation
AI (Artificial Intelligence)
Permission based access
How does automation help the client in Sage Intacct?
Clients are able to automate their own custom workflows, which at times might be quite complex. This means that a client, upon facing a complicated operation needs to figure out the problem only once and then just automate the solution.
How does Artificial Intelligence help in error prevention in Sage Intacct?
AI tracks user behaviour and transaction posted in Intacct and triggers warnings whenever something is ‘out of the ordinary’. For example, a transaction that typically is about £500, out of the sudden becomes a £5000 transaction.
Explain the notion of ‘dimensions’ in Sage Intacct
In Sage Intacct dimensions are in other words trackable objects. An objects can an entire company, another user, an employee, a customer, a supplier and so on. Sage Intacct is able to create reports and analytics against a chosen dimension to offer a crystal clear visibility.
How does Intacct makes audit trails easier?
Sage Intacct makes audit trails much easier thanks to automation, permission based access, chat/discussion feature, dimension and personalised reports
Does Intacct support working in ‘accounting periods’?
Yes it does
Can Intacct manage inventory and trace stock by serial number or batch number?
Yes
