Sage 100 vs Sage Intacct: Guide for Project-Based Companies

Posted on: October 2, 2024
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Blog, Sage Intacct, Service Industries,
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By MicroAccounting
What Is Sage Intacct (45) - MicroAccounting

Generate deep insights that keep projects on track and increase profits

More and more, project-based companies are shifting their accounting software from on-premise solutions to Sage Intacct’s modern cloud-based accounting software. This transition is largely driven by the numerous advantages Sage Intacct offers, such as enhanced financial visibility, efficiency, and scalability — all of which are crucial for project-based firms.

While Sage 100 on-premises accounting software continues to be the best solution for many of our clients, depending on your business and growth plans, Sage Intacct cloud-based financials may be the right next step.

Ready to get started? Complete our contact form for a demo and detailed comparison of Sage 100 and Sage Intacct for your project-based business. We’re here to help!

Signs It May be Time to Move Your Project-Based Business to Sage Intacct

Complex Projects

Multiple tasks, sub-projects, and complex resource allocation, requiring detailed tracking of costs and revenue for each component.

Multi-Entity Accounting

Consolidating multiple entities — companies, locations, divisions, or different GLs — adds weeks of time to the financial close process.

Project Profitability and Other Advanced Reporting

Require detailed project profitability reports to compare project performance against budget. Additionally to monitor key metrics like billable hours and project milestones.

Manual Data Entry Bottlenecks

Wasting a significant amount of time manually entering project data, leading to inefficiencies and potential errors.

Lack of Integration with Other Systems

Difficult to integrate project accounting data with other business systems like CRM, time tracking, or HR.

Collaboration

Project managers and other stakeholders need to be able to access data and work on projects from any place, at any time.

Why do project-based businesses transition to Sage Intacct?

Sage Intacct has deep industry expertise in project-based industries including Construction and Professional Services. Benefits include:

Automated Billing Workflow

Efficiently manage both billable and non-billable transactions to reduce revenue leakage and streamline automated invoicing for time-and-expense or fixed fee billing.

Flexible Revenue Recognition

Enhance forecast accuracy by separating billing from revenue recognition. Tailor revenue recognition schedules by project phase using milestones, timelines, percentage completion, and project completion methods.

Actionable Reports and Dashboards

Role-based, real-time dashboards and reports provide quick, visual updates on all business aspects. Access up-to-the-minute financial, managerial, and operational reports as soon as time, expenses, and subcontractor/vendor costs are recorded.

Easy Integration with External Systems

Sage Intacct integrates with hundreds of third-party applications including AP automation, CRM, and HR.

Advantages of Cloud Financials

Cloud financials bring many advantages to project-based businesses, such as:

Remote Access

Ability to access from any device via a web browser wherever there is an internet connection, no remote desktop connection needed

Automatic Upgrades

Helps companies reduce expenses on infrastructure, software upgrades, and resources.

Security

Security protocols mitigate risks from cyber threats and malicious attacks.
 

Scalability

Companies can quickly adjust their system as transaction volumes increase or they add new customers or entities.

MicroAccounting ensures a smooth transition from Sage 100 to Sage Intacct

Transitioning from Sage 100 to Sage Intacct requires a meticulous approach to ensure data integrity and continuity. If you decide to move to Sage Intacct you can be assured of a smooth transition. We’ve set the bar high with our comprehensive and proven approach — from planning to implementation to training and support.

Data Migration Experts

Our consulting specialists have extensive experience migrating data from Sage 100 to Sage Intacct. We’ll work with you on the most cost-effective and comprehensive migration path to allow you to preserve and leverage vital legacy data.

MicroAccounting helps you identify essential features in Sage 100 and how they can be accommodated after you migrate to the new system. In many cases, out-of-the-box advanced functionality already in Sage Intacct renders many customizations obsolete.

Why Sage Intacct

Sage Intacct is the number one cloud accounting software solution that’s built for finance by finance. Also, it’s the first and only AICPA preferred financial management solution and number one in customer satisfaction.

Explore Sage Intacct

If your organization’s success depends on its ability to account for its projects accurately and efficiently, Sage Intacct can help you optimize project billing, enhance accuracy, and gain actionable insights to drive strategic decisions.

Complete our contact form for a demo and detailed comparison of Sage 100 and Sage Intacctand detailed comparison of Sage 100 and Sage Intacct for your project-based business.

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