Sage Intacct along with its great out of the box integration capabilities also has what is called an ‘open API’, meaning it can connect with any system that is able to push data out and pull it in. On the Sage Marketplace, a list can be seen, these range from such apps as forecasting, manufacturing and stock control tools. Sage 50 has the capability to integrate with a wide range of applications. This allows any user within the company to view reports at various different levels, whether it’s the CFO that wants a quick overview of the profit and loss, or the sales manager that needs to take a deep dive and discover which locations are running below the required targets. Reports are fully customizable and offer drill-down functionality via hyperlinks. When it comes to reporting, Sage Intacct stands in a league of its own. Sage Intacct is a ‘true Cloud’ solution and is accessed via web browser, meaning it can be utilized anywhere with an accessible internet connection. Multi-currency consolidation is something Sage 50 is not capable of producing, however, with Sage Intacct, it is a matter of clicking a few buttons (after the initial set up which takes around two minutes) as Oanda and Intacct do their magic.Īll though Sage 50 is officially called Sage 50 Cloud, it isn’t fully cloud, therefore investment in IT infrastructure, support and servers are required. Sage 50 multi-currency is a very manual process, having to manually enter exchange rates on a regular basis, whereas Sage Intacct uses software called Oanda which automatically gathers the latest exchange rates saving the user valuable time. ‘Why upgrade to Intacct when I can do these in 50?’ It comes down to the capabilities of both products. Along with these more specific features, Sage 50 also has the power to do standard accounting tasks like accounts payable and receivable, bank reconciliation, VAT returns (Making Tax Digital compliance) just to name a few. Sage 50 also has a calendar that links with outlook, so when used with the credit hound module, or if using the basic communications functionality, this can automate debt chasing reminders. As an example, many users do not understand it has the power to do multi-currency transactions, recurring entries, charity and not-for-profit options and company consolidation. Many users of Sage 50 do not use the system to its full capabilities. Below are many of the main ‘Pain Points’ that will occur once a company starts to outgrow Sage 50, along with the solution Sage Intacct can provide. While Sage 50 is the ideal product for new start-ups or generally smaller companies, Sage Intacct is targeted towards larger companies that require a more feature-rich solution.Īs good a solution Sage 50 is for the smaller start-up company, any growing company will at some point start to realise at least one or more issues they come up against. When it comes to the target audience, Sage 50 and Sage Intacct are at opposite ends of the spectrum.
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