Sage Intacct Accounting Software Review 2021
Sage Intacct is an all-inclusive cloud-based financial management and business accounting software — and according to the Sage Intacct website, is the first and only preferred provider of the American Institute of CPAs (AICPA), designed for full accounting and financial management for CFOs and CIOs. Sage is best-suited for larger businesses or small businesses that are growing extremely quickly.
Sage Intacct features
Sage Intacct is a cloud-based accounting software — meaning you can access your account anywhere you have an internet connection. This being said, however, unlike other accounting software options on the market, including other Sage accounting software products, Sage Intacct does not have a dedicated mobile app to allow you to manage your account on the go.
Additionally, as an enterprise-level software, it’s important to explain a little more about how Sage Intacct works. In short, whereas many small-business accounting platforms offer standard software plans — each of which has a specific list of features for a certain price — Sage Intacct can be uniquely customized to meet your particular needs.
Although Sage Intacct offers six overarching modules as part of its software (listed below), you can pick and choose the ones you need as part of your plan.
Core financials: Manage essential accounting tasks and processes.
Dashboards and reporting: View real-time insights and statistics about your business performance.
Billing: Automate revenue and billing processes.
Budgeting and planning: Create and manage budgets and collaborate within your organization.
Platform: Integrate with other platforms and tools to meet your business’s needs.
Advanced functionality: Utilize additional modules to further automate and streamline financial processes.
Overall, the first five modules seem to come standard with the Sage Intacct accounting software and the modules that fall under “advanced functionality” can be added separately — like with additional costs.
As you can see, Sage Intacct has an unparalleled amount of features and integration options to offer business owners. With all of this functionality, therefore, you’re probably wondering what the Sage Intacct pricing looks like.
Unfortunately, unlike many other accounting software platforms that are priced on a standard monthly or annual subscription basis, Sage Intacct’s pricing is quote-based. In essence, this means there is no standard Sage Intacct cost, and instead, pricing is customized based on your business. Therefore, in order to find out how much it would cost your business to use Sage Intacct, you would have to contact its sales team and work with them directly.
This being said, however, it’s very likely that the cost of Sage Intacct will vary based on a number of factors, such as:
The size of your business.
Your business’s industry.
The specific features you need.
The level of customization and automation you need.
It’s very likely that if you only need the functionality of Sage’s standard modules, your price point will be lower than if you require any of the advanced functionality modules. Likewise, if you only need the Core Financials module, and don’t require Budgeting and Planning or Billing, your Sage Intacct cost will be even lower.
Nevertheless, as an enterprise-level accounting software system, it’s safe to say that Sage Intacct is going to have a higher price point, especially if you consider the cost of Sage 50cloud, Sage’s desktop-based accounting product. When it comes to Sage 50, pricing starts at around $50 per month and ranges all the way to nearly $330 per month. Similarly, this pricing structure can lead you to assume that the larger your business and the more you require from your accounting software, the higher the Sage Intacct pricing will be.
At the end of the day though, although you may see some Sage Intacct users writing about their pricing experiences online (which will be discussed below), the only way to know how much it will cost your business to use this accounting software is to contact the Sage sales team and receive a customized quote.
Sage Intacct customer reviews
So, what do customers have to say about their experience with Sage Intacct?
Overall, online Sage Intacct reviews are mostly positive. It seems that a sizable number of Sage Intacct users are satisfied with their experience and would recommend the product to other business owners.
More specifically, the positive Sage Intacct reviews highlight:
Saved time by using the platform.
The flexibility of the cloud-based system.
Integration opportunities and more.
In particular, one reviewer mentioned that Sage Intacct is a worthwhile step up from QuickBooks — but at the same time, it doesn’t include the same level of guidance for the user as QuickBooks does.
On the other hand, although there didn’t seem to be wholly negative reviews with any sort of consistency, there were some areas that users often mentioned as drawbacks:
Reporting: Users wrote that the reporting functions left something to be desired and seemed inflexible considering the enterprise-level of the software.
Learning curve: Many customers felt that Sage Intacct required a large learning curve and could, on the whole, be more user-friendly.
Cost: Although users didn’t mention the specific price they were paying, many users wrote that Sage Intacct was expensive, especially if you required more than the standard modules.
Pros of Sage Intacct
Now that you’re familiar with all the various details of Sage Intacct, let’s evaluate how this accounting software stands out as a solution for small-business owners. What are the most beneficial aspects of Sage Intacct — and likewise, what are the most notable drawbacks?
Let’s continue our Sage Intacct review by starting with the positives. Here are three advantages to consider:
Automation and customization
If you read any information about Sage Intacct on its website, there are two words you’ll see used to describe this accounting software again and again: automation and customization. At the end of the day, as an enterprise-level accounting solution designed to handle more than simple business bookkeeping and accounting, but the whole of a business’s financial processes, automation and customization are key to this platform.
One of the largest benefits of Sage Intacct is that every facet of its software can be customized to your business — features, workflows, modules, reports, users, etc. Additionally, each of these customizable features, in fact, every capability that Sage Intacct offers, seems to be designed with the goal of automating and streamlining your processes.
Therefore, with this extremely detailed level of both automation and customization, Sage Intacct seems to be designed for businesses that need to manage complex and nuanced processes and would largely benefit from a single software that allows them to seamlessly handle everything in one place.
As you can see, not only does Sage Intacct include advanced features within its core accounting software, but it also offers extended modules to add even greater capabilities to your platform.
With functionality for financial processes like budgeting, multi-location, multi-currency, revenue recognition and team collaboration, Sage Intacct offers detailed features far beyond what you’ll find with many other small-business accounting software options like Wave or Zoho Books.
This being said, as an accounting software designed to manage the full range of financial processes, there’s no doubt that Sage Intacct includes the tools that allow you to do so. Therefore, as an enterprise-level software with an incredibly impressive feature set, Sage Intacct can truly serve businesses that need these advanced features and overall level of financial management.
Finally, on top of all of the advanced features, automation and customization Sage Intacct offers, another benefit of this accounting software is the integration opportunities it offers.
Sage Intacct includes built-in integration with both Salesforce and Avatax, as well as allows you to integrate as many other tools and platforms as your business requires using their APIs and SDKs.
Therefore, despite the wide variety of features that Sage Intacct includes within its platform, if you’re missing a function or service you already use, you have the option to add it to Sage — thereby further increasing the number of business processes you’ll be able to manage within one system.
Cons of Sage Intacct
Despite these notable benefits, just like any other accounting software out there, Sage Intacct has downsides to consider as well.
Let’s discuss two of the biggest drawbacks of this Sage product.
With a quote-based system, there’s no way to know what Sage Intacct pricing will actually be without going through the process of working with its sales team. Although this process is intended to offer a price customized to your business, it’s less than ideal — as you have no way of knowing whether you’re receiving a fair price, especially compared to what Sage is charging other businesses.
Additionally, without knowing what the cost of Sage Intacct looks like upfront, it’s harder to compare Sage Intacct to other accounting software options on the market. Ultimately, transparent, upfront pricing is certainly preferable when it comes to business tools like accounting software.
This being said, although we can’t be totally sure of Sage Intacct’s pricing — comparing this product to Sage’s other products, as well as other enterprise-level accounting software platforms, like QuickBooks Enterprise (plus customer reviews) — it’s safe to say Sage Intacct is probably going to be on the high end of the pricing spectrum. With a high cost, possibly hundreds of dollars per month, this price point is going to be unaffordable for many small-business owners.
Although Sage Intacct’s vast feature set can be beneficial for a certain type of business owner, there’s no doubt that it also can be a barrier-to-entry for many other businesses. With advanced functionality even within its basic “core financials” features, this Sage software is certainly not going to appeal to beginners or those with little accounting experience. Similarly, if you’re looking for the fastest and easiest way to get accounting software set up for your small business, Sage Intacct is not going to be your best option.
Ultimately, though Sage Intacct will be able to fulfill the needs of larger businesses, it’s relatively unapproachable for small-business owners. With an overwhelming amount of features, customization options and (likely) a high price point, it’s simply going to be more than many small businesses need.
Top alternatives to Sage Intacct
Before you decide whether Sage Intacct is the right choice for your business, it’s worth looking into top accounting software alternatives. With all of the accounting solutions on the market, there are a variety of Sage Intacct alternatives to choose from — however, it’s probably best to consider these options in two ways.
First, we’ll discuss an enterprise-level alternative that closely compares to Sage Intacct in terms of features and probable pricing. Second, we’ll consider a top accounting software alternative that can accommodate a wider variety of smaller and midsize businesses.
Of all the products that fall into the QuickBooks suite, QuickBooks Enterprise is the most robust — and therefore, most equatable with Sage Intacct. QuickBooks Enterprise offers 6x the capacity of any other QuickBooks version, and like Sage Intacct, it includes features allowing businesses to manage the whole of their accounting and financial processes.
One of the big differences between Sage Intacct and QuickBooks Enterprise, however, is that Enterprise is a desktop-based software — unless you pay an additional cost for online hosting. And unlike Sage Intacct, QuickBooks Enterprise is available in three different plans — Silver, Gold and Platinum — so that you can choose the option that works best for your business.
This being said, like Sage Intacct, Enterprise is extremely customizable and includes capabilities for payments, billing, inventory, forecasting, invoicing, sales orders, integrations and more. Plus, if you opt for the Gold or Platinum level of Enterprise, you receive built-in, full-service QuickBooks payroll. Pricing for QuickBooks Enterprise Silver starts at $145 per month for one user, or $1,213 per year for one user. With the higher-level plans and more users, the monthly and annual prices increase accordingly.
Therefore, as an enterprise-level solution known as one of the most feature-rich accounting products on the market, QuickBooks Enterprise is a worthy alternative to larger businesses that are considering Sage Intacct.
On the other hand, if your business doesn’t need such extensive accounting software like Sage Intacct or QuickBooks Enterprise, you might instead consider a solution like Xero accounting. With three different plan options, a significant feature set and numerous integration options, Xero can accommodate businesses of all shapes and sizes.
Xero’s three plans — Early, Growing and Established — cost $9, $30 and $60 per month, respectively, making this accounting software much more affordable than either Sage Intacct or QuickBooks Enterprise. And while Xero is much more affordable, it isn’t lacking in terms of features. Xero offers tools for reconciliation, inventory, invoicing, bills, expenses, projects, purchase orders, fixed assets and more. Plus, Xero integrates with over 700 third-party services and platforms. Moreover, the Xero system is known for its usability, accessibility and mobility.
Therefore, with a lower price point, user-friendly platform and substantial capabilities, Xero offers a much more fitting accounting solution for business owners who don’t need all of the complex and advanced features of Sage Intacct.
A version of this article was first published on Fundera, a subsidiary of NerdWallet