These days, the decision to change business software comes with input from all departments, not just the organization’s tech folks. In fact, for driving business software decisions, significant considerations involve the accounting department.
Implementing new software for your business is not the most exciting chore. It takes capital and time. It takes patience, employee buy-in, and if not done correctly, changes to that system can be a disruption with permeating effects.
If you’re like other organizations still using Sage 500, an upgrade to the solution that sits at the core of operations and stores your most sensitive data might sound a huge undertaking.
Luckily, there’s Sage Intacct and e2b. When you make the switch to Intacct, you get unparalleled insight, efficiency, and decision-making power. With careful planning and a detailed migration plan in hand, your upgrade can have a transformative effect on your organization. Instead of being viewed as a chore to put off, your Sage Intacct upgrade can be the strategic step carrying your organization into many new chapters.
Here are some of Sage Intacct’s benefits at a glance:
- Cloud accessibility
- Simplified data management
- Optimized IT investment
- Increased business visibility
- Reduced downtime
- Automated data migration
- Faster time to value
- Modern data security
That’s not all. Here are more reasons to consider upgrading to Sage Intacct:
Best-in-Class Solutions for Long-Term Goals
Companies challenged with integrating their premises-based system with other business solutions quickly gravitated to Sage 500 upon its release in the 90s. The thought process assumed that a single “all-in-one” suite of on-premises applications could provide the necessary functionality for an entire organization while eliminating the need for additional integrations.
Limitations of this one-size-fits-all approach led companies to invest in third-party, disconnected applications to get the job done. Now organizations trying to move data from system to system have to rekey the information between system, which is prone to human error and unnecessarily inefficient.
But then best in class systems—think Salesforce.com for CRM, ADP for payroll—could do it better, making the limited functionality of all-in-one suites obsolete and more costly in the end. By merging multiple best-in-class applications with Sage Intacct, you strengthen your ability to automate processes, increase productivity, and save money.
Moving to Sage Intacct allows for easy connection to and integration with other business systems that streamline your workflows. Each department gets to make the best choice for their specific needs and optimal performance. And, as is often the case with Sage Intacct, business changes that require more technology in a new area, easily plugin new integrations with a point and a click.
Intacct ensures you’re able to get the technology fit that fits your business by combining best-in-class financial management with a growing ecosystem of partner integrations and applications. These include a range of business processes including:
- business intelligence
- asset management
- budget and planning
- document management
- expense automation
- incentive compensation
- payment processing and management
- project management
- service delivery
- time & expense
Multi-Entity Support for Greater Flexibility
Sage 500 was released in the 90s and it was a trailblazer. Today, while in many ways still a decent product, there are modern challenges that Sage 500 is unable to fulfill for most organizations.
In comparison, Sage Intacct was built for the cloud meaning Intacct offers more benefit and flexibility for those organizations.
- Multi-entity management – automatically consolidated financial and operational reports, intercompany transactions, allocations, shared chart of accounts (COA), customers, and vendors
- Dimensional accounting – rather than relying upon the chart of accounts and a single reference code, Sage Intacct offers the ability to track and analyze an unlimited number of data dimensions.
- Multi-book accounting – track and report on an unlimited number of books (e.g. accrual, cash, tax, GAAP, etc.)
The Final Words
More and more companies are moving from Sage 500 to Sage Intacct. Remember, an Intacct upgrade is less a technical decision managed by the IT department; instead, it’s an operational, efficiency and financial decision that benefits the whole organization.
Getting new software is scary, and it’s almost always attractive to go back to familiar old processes when things get tough. Don’t fall into this trap! Sage Intacct makes integrating data and sharing it with other business applications integrations a much simpler, more seamless process with a best-in-class financial solution and your choice enhancements.
By leaving Sage 500 behind, you’re upgrading from inflexible, dated accounting processes and to a more flexible financial foundation that streamlines operations and enhances your integration capabilities.
Read next: How to find the best Sage Intacct partner for your cloud-accounting success