If you’re still operating on Sage 500, you’re probably wondering how much longer you’ll be able to keep it going. You’ve had a good run with the on-premise system and it delivered on your goals for many years. But the question arises, how much longer will Sage continue to support and improve the product?
The answer is, there are no expected enhancements planned, and any later releases will be limited to bug fixes, minor feature refinements, and compatibility issues affecting select partner integration updates.
So, without updating the user interface, shifting to the cloud, or improving the foundational code Sage 500 is built on, is it time for you to start considering what comes next?
Let’s face it, if you’re like other growing businesses still running on Sage 500, you’re considering your options. But, an upgrade to the Enterprise Resource Planning (ERP) accounting solution that sits at the core of your operations, storing its most sensitive data, is a big decision that really hits home. That’s why a migration to Sage Intacct makes so much sense.
What’s the difference between Sage 500 and Sage Intacct? This biggest and most obvious difference involves the cloud, both in cloud deployment and cloud accessibility. Of course, many more features and functionality come with an updated cloud ERP like Intacct brings, but the cloud is a significant one.
Sage 500 vs. Sage Intacct at a glance: Reasons Businesses Migrate
- Automate your data transfer for easy migration from Sage 500 to Intacct
- Cloud accessibility for business mobility and faster time-to-value
- Cloud deployment, little to no IT infrastructure required
- More intuitive dashboards for simplified data management and increased visibility
- Improved financial reporting and real-time visibility
- Business processes automation – quote-to-cash, purchase to payment, consolidations, etc.
- Integrates seamlessly with other best-in-class CRM, AP, expense, budgeting/forecasting applications
- Multi-entity management for complex organizations that need consolidations, eliminations, allocations, intercompany transactions, etc.
No more spreadsheet accounting
While a cloud ERP solution like Intacct is not the best option for everyone, excel spreadsheets cannot offer the real-time insights growing companies are searching for. These manual processes take away your efficiency, effectiveness, and profitability wins. Companies in growth mode challenged by too many manual processes often rely on spreadsheets accounting and all the paper and email management they can handle.
Intacct especially works for growing companies in the following industries:
- Financial Services
- Healthcare
- Hospitality
- Entertainment
- Software & Tech
- Business & Professional Services
- Not-for-Profit
- …and more
Moving with the times
Back in the 90’s, companies struggled to integrate their premises-based system with other business solutions to keep business moving. Sage 500 answered the call as a single “all-in-one” suite of on-premise applications for operating entire organizations while eliminating the need for additional integrations.
With today’s diversity of business applications, additional integrations are not only needed, but they also need to be quickly and seamlessly integrated. Fast forward to today, Sage 500’s one-size-fits-all-for-everything approach is outmoded by cloud applications that offer more features, flexibility, and connectivity.
It’s time for the cloud
Some people think going to a cloud solution means losing robust features that only an on-premises solution can handle. However, more often than not, and especially in the case of Sage Intacct, cloud solutions bring similar or even superior features to growing organizations.
Growing organizations are continually moving to cloud ERP solutions. Like many businesses running on Sage 500’s aging, on-premise platform, cloud solutions like Sage Intacct offer intuitive reporting and analytics, a better, more instinctive user experience, modernized integrations, and anywhere accessibility for companies on the move.
Too many manual processes limited your ability to grow. With Intacct, you get added capabilities from many of the same modules as Sage 500, without relying on spreadsheets and manual processes.
Business growth comes from understanding what your organization needs right now so that you can make informed decisions to meet your evolving business requirements. Its multi-entity architecture stands ready for your business expansion goals and process automation that grow in complexity as you grow in size.
As the only cloud financial application only AICPA preferred financial management software for both CPA firms and corporations, when you’re considering upgrading to a cloud ERP solution, a migration to Sage Intacct makes sense.
Are you ready to make the switch? Contact one of our business growth advisors and we’ll make sure you have all the information you need to migrate away from Sage 500.
