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Intacct Review
What do you like best about the product?
I like how integrated and easy to use this accounting software is for beginners. Yet there keep incorporated and upgrading their features so it can take on and accomplish difficult accounting issues within nearly every business.
What do you dislike about the product?
I dislike how Intacct sometimes rolls out features and new items before they are finely tuned or buggy so that it can cause issues down the line or actually make tasks take longer.
What problems is the product solving and how is that benefiting you?
We are solving many business issues including consolidations, currency translations, tax issues, cash receipts, and several other areas.
Just ramping up
What do you like best about the product?
Very easy to setup - intuitive, decent UI and a good pool of consultants who know the application.
Using it is simple as well.
Also a very healthy ecosystem of apps and supporting services. SalesForce connects seamlessly.
Using it is simple as well.
Also a very healthy ecosystem of apps and supporting services. SalesForce connects seamlessly.
What do you dislike about the product?
It's really deep. There is a lot you can do which means there is a lot to learn. Coming from QuickBooks can be very intimidating.
What problems is the product solving and how is that benefiting you?
We can get tremendous scale. 2 finance people and Intacct can run the finance organization of a $20m, 100 head organization.
Recommendations to others considering the product:
Review your implementation consultants, they are critical. We used Armanino and have been very happy.
Not my favorite accounting software
What do you like best about the product?
Web-based software and storage allows me to log in from anywhere, any computer -- a crucial ability for my very mobile office; importing ability of large journal entries and budgets
What do you dislike about the product?
Reporting abilities are extremely limited and must be tweaked for each new report I want to see--a time consuming task! I can't edit certain transactions after posting and must be reversed then re-posted even if the change is to the description (fund transfers, voided checks, etc.). Software does not allow me to have an integrated platform with the multiple functions I need in order to keep my nonprofit running so my team has had to purchase 3-4 other large organization management tools that don't play well with each other.
What problems is the product solving and how is that benefiting you?
Budgeting and financial stewardship of a large nonprofit with multiple funds. We've been able to keep our two main operations (two different entities, really) separate pretty easily and within each of those two branches, we been able to keep sub-funds.
Implemented Intacct in 2015 and thus far the functionality has met our needs.
What do you like best about the product?
Accessibility and timeliness of available reporting.
What do you dislike about the product?
Certain default settings that cannot be changed.
What problems is the product solving and how is that benefiting you?
We've been able to benefit from enhanced financial reporting capabilities and the ease at which we're able to change course on our reporting hierarchies.
Product is good and has a lot of potential.
What do you like best about the product?
Ease in generating different scenarios for reporting.
What do you dislike about the product?
It should support Accounting in Asia (India).
What problems is the product solving and how is that benefiting you?
Global reporting and consolidation. It helped to generate different scenario reports.
Review of Intacct
What do you like best about the product?
The best features of Intacct is that is extremely user-friendly and cloud based. In addition to that, you can attach the supporting documentation to each of your transactions. Intacct is also great for the price you pay.
What do you dislike about the product?
The part that I dislike is that creating custom reports or features is a little difficult unless you have some assistance from someones that has a lot of experience using the system.
What problems is the product solving and how is that benefiting you?
Since having the software, we are able to track multiple funds more accurately and efficiently. Our organization has multiple campuses so we can track funds by campus as well and this assists us greatly when forecasting revenue and expenditures.
Migrating from Quickbooks? Look no further
What do you like best about the product?
Hired into a lab services company that needed a foresenic post-fraud reboot for a small-medium sized company. With the fantastic excel data upload feature In four months I was able to convert them from cash-to-accrual and populate the GL with an almost years worth of data that had to be scrubbed before upload. A great Bank recs process further helped verify the process. We do not use Receivables / Sales as we have an in-house solution. For auditability I can attach invoices, reconciliations, and documents to verify wires, account balances and other audit evidence requirements. We don't have time to file so we convert everything to pdf and upload.
I started the company on an electronic PO system which works well for what we do which is distributed purchasing. I also was able to implement departments which was a new concept for the company.
We have added the sister company which will be manufacturing.
I have learned through many system implementations that you pick a strong core and implement different best-in-breed solutions that interface, as once system can't do it all. This is a great and strong core system.
I started the company on an electronic PO system which works well for what we do which is distributed purchasing. I also was able to implement departments which was a new concept for the company.
We have added the sister company which will be manufacturing.
I have learned through many system implementations that you pick a strong core and implement different best-in-breed solutions that interface, as once system can't do it all. This is a great and strong core system.
What do you dislike about the product?
Small business pricing, it is expensive on a per-user license, I have discussed with them the need for a one price for x licenses not dependent on user-types. Some aspects of some fields won't work if you don't have another module, such as inventory, but you learn to work around it once you know about it.
What problems is the product solving and how is that benefiting you?
Core Accounting: Great Efficiency for a lean staff, verifiability from an audit perspective, scalability both in size and in commonly-owned entities. We have left QuickBooks!!!!! I can very easily post intercompany transactions and we will need multi-currency in the future.
I plan for a 5-10 year useful life and Intacct is anticipated to meet our needs throughout this period.
I do not do many recommendations but I would recommend this program, without a doubt.
I plan for a 5-10 year useful life and Intacct is anticipated to meet our needs throughout this period.
I do not do many recommendations but I would recommend this program, without a doubt.
Recommendations to others considering the product:
It is AICPA reviewed and approved....this was also a key decision point. I didn't have to guess as much on the internal control.
Worth the Investment
What do you like best about the product?
This product has changed the way we do business. The report wizard tool is simply unmatched. We can create a report to reveal the information we want to see, when we want to see it. We don't feel constrained or limited especially with the dimensional flexibility. We appreciate the quarterly updates and the investment that Intacct continues to make in making a better product!
What do you dislike about the product?
There aren't many negatives I have found with Intacct. The only one that really comes to mind is with the user set up. In order to do anything other than view information we would have to pay for additional business users. Not super expensive but wished we'd known that before hand.
What problems is the product solving and how is that benefiting you?
We are streamlining almost every process. From our front end AR system to our AP process, we've reduced our time frames from days to a matter hours. We've also cut out much of our paper usage. One of the most streamlined processes has been our AP invoice entry process. With the ability to duplicate invoices from older ones we don't need to re-enter information over and over.
Recommendations to others considering the product:
Consider the size of your business and your reporting needs. Our company is only mid-size and our needs are smaller compared to some mroe complex entities.
Makes us do more with less headcount
What do you like best about the product?
Intacct's capability to integrate with many third party solutions
What do you dislike about the product?
Deferred Revenue module could be improved
What problems is the product solving and how is that benefiting you?
Improved financial reporting and automation capability for a small sized company
Recommendations to others considering the product:
You'll love the product but please spend time in process design/architecture during implementations
Gaining Productivity with Intacct
What do you like best about the product?
- User friendliness of the set up of the system. Each area has a set up configuration that is very easy to understand and figure out without the need for a lot of professional services. After Go Live, and we were more on our own, it's been easy to tweak the set up ourselves.
- The "help" on each field is a very nice feature!
- Standard Reports that are pre-built made it easy to get started
- Our implementations team rocked! I like the turn around time and responsiveness of the support team when I put in a ticket.
- The "help" on each field is a very nice feature!
- Standard Reports that are pre-built made it easy to get started
- Our implementations team rocked! I like the turn around time and responsiveness of the support team when I put in a ticket.
What do you dislike about the product?
- I don't like that the Top Level dashboard doesn't show you the entity that has an approval needed - I have to go through each entity to see if there is a journal or payment that needs to be approved.
- The entity should be more of a "dimension" than a separate area - should be a filter on the Top Level so that I don't have to go from page to page
- Report writing - sometimes easy, sometimes difficult - I can customize an existing standard report, but then some features of the wizard are not available - and when using the wizard, some features of the standard report are not available - needs to be more consistent
- Dashboards need to be more configurable
- Prepaid expense module needs to have a standard report that ties to the general ledger
- The entity should be more of a "dimension" than a separate area - should be a filter on the Top Level so that I don't have to go from page to page
- Report writing - sometimes easy, sometimes difficult - I can customize an existing standard report, but then some features of the wizard are not available - and when using the wizard, some features of the standard report are not available - needs to be more consistent
- Dashboards need to be more configurable
- Prepaid expense module needs to have a standard report that ties to the general ledger
What problems is the product solving and how is that benefiting you?
- We have gained efficiencies in processing revenue transactions, as well as better visibility to our revenue waterfall which enables us to have more accurate revenue forecasts.
- Extracting data is a "push of a button"
- Consolidating our financial statements has become easier and more accurate - we used to do these in excel.
- Extracting data is a "push of a button"
- Consolidating our financial statements has become easier and more accurate - we used to do these in excel.
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