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Anytime any where access of a robust accounting solutions
What do you like best about the product?
Remote access to a robust accounting solutions. There are many entry level cloud solutions in the market place but Intacct is designed for the mid market.
What do you dislike about the product?
Product lacks functionality for the Canadian market. It can be configured to deal with Canadian issues but it does not handle it out of the box.
What problems is the product solving and how is that benefiting you?
Anytime anywhere access from any device is no longer a problem..
A+ for Cloud-Based Accounting, some limited functionality
What do you like best about the product?
You can access your accounting information from any computer, anywhere.
What do you dislike about the product?
Some accounting controls can't be implemented due to how the software runs, and some controls included in the software are a bit too astringent. Additionally, I wish there were ways to personalize the invoicing out of the software more.
What problems is the product solving and how is that benefiting you?
We use Intacct for all of our accounting, journal entries, processing AR and AP, periodic reporting, etc.
Recommendations to others considering the product:
This is great for anyone who has little infrastructure and is looking for something 100% hosted on the cloud. As with all cloud-based systems though, it comes with the issue of not being able to transact when not connected to the internet. Most of our company works remotely so this was ideal with the knowledge that you can log in from basically anywhere.
Virtualization
What do you like best about the product?
Intacct allows Finance team to become virtual (work from home or anywhere) and this allows us to remain connect with all the necessary financial process.
What do you dislike about the product?
Nexonia only work with cash management module - want to see this work with A/P and Purchasing modules so can tied with vendors. This will help improve 1099 reporting, vendors expenditure reporting, tie to purchase order.
What problems is the product solving and how is that benefiting you?
Dashboard & Reporting has been significant improvement.
Easy to learn and use
What do you like best about the product?
The platform is very visually appealing. The customer service is good, and the site is easy to use.
What do you dislike about the product?
There are sometimes issues with notifications and the timesheet approval process could be improved. There are website navigation issues and glitches.
What problems is the product solving and how is that benefiting you?
Tracking of day-to-day activities of employees, time accountability.
Recommendations to others considering the product:
A good way to manage expenses and time tracking
Great Improvement Over Quickbooks
What do you like best about the product?
We love the ease of use, customization, and the ability yo access our data from anywhere.
What do you dislike about the product?
It can be a little costly for a small business, but it is worth it if you are pushing the limits of an off the shelf software package.
What problems is the product solving and how is that benefiting you?
We have experienced rapid growth and the need to manage many transactions and reports.
Recommendations to others considering the product:
Highly recommended.
Overall good software, could use improvements
What do you like best about the product?
This is good for audit trails and overall accounting software, but improvements can be made.
What do you dislike about the product?
I wish there was better support. Also, there are some things that could be improved such as the attachment folders. You can't move the attachments in bulk from one folder to another. You have to do it one by one by opening each up. It is very tedious.
I also wish that you could enter custom dates for the recurring journal entries function because some entries need to be made every 2nd and 3rd month, but not the 1st. But I can't do that.
I also wish that you could enter custom dates for the recurring journal entries function because some entries need to be made every 2nd and 3rd month, but not the 1st. But I can't do that.
What problems is the product solving and how is that benefiting you?
Accruals and accounts payable
Excellent Product
What do you like best about the product?
I love the flexibility of the system and the constant improvement of the product. In the 8 years I have used the product, it has gone from a really good product to an excellent product. Our organization operates with greater efficiency because of the purchasing workflows. Also, dashboards reduce the custom reports we have to run for our various teams.
What do you dislike about the product?
The only downside to me is the user structure. We have users that are more than employee users, but may only need one more function. We are required to make them business users and that substantially increases cost. It would be great to have a mid level user that is less expensive, but adds limited features.
What problems is the product solving and how is that benefiting you?
The first major improvement was with our purchasing system. We had a very manual process, but now everything flows electronically through the system. People are notified when they need to approve and the requester is notified when the PO is approved. Another improvement was to our financial reporting. We used to have to provide manual reports periodically to our teams, but now they can login to see their dashboards and other data. Our teams now have quicker purchase approvals and greater access to their financial data.
Recommendations to others considering the product:
Ask questions about how to fit the system to your processes. There is greater flexibility than the standard setup.
Lengthy time consuming project if you require a lot of customization but Good for accruals.
What do you like best about the product?
Revenue recognition across contracts and multiple filtering options for reports
What do you dislike about the product?
Very unforgiving. Can not even correct a typo without having to delete or reverse entries then start all over.
What problems is the product solving and how is that benefiting you?
We exchanged using manual excel spreadsheets for rev rec and replaced it with a entry heavy workflow upfront. Goal was to automate the revenue and eliminate the risk of formula errors.
Recommendations to others considering the product:
works great if you are a cookie cutter company that only has one basic business model.
Intacct Review
What do you like best about the product?
ability to integrate with other programs
What do you dislike about the product?
REPORTING, REPORTING, & REPORTING. I also wish attachments could be added to JE's after they post
What problems is the product solving and how is that benefiting you?
being able to integrate with our other systems. tracking of approval of all invoices
Seemless Muti-Entity Multi-Currency Consolidations
What do you like best about the product?
When we were searching for a new accounting system to replace QuickBooks there were several requirements that were necessary have in our search and evaluation.
1) Seamless Consolidation of Muti-Entities using multiple currencies.
2) The ability to use dimensions to reduce the size of our chart of accounts.
3) Dashboards for key operating metrics and report distribution for management.
Intacct hit on all three of our requirements in a big way. The consolidation is now prepared with the push of a button whereas in the past with QuickBooks the consolidation was a very manual and time consuming process in excel that generally took about a week to prepare.
Using dimensions, we are able to tag each transaction with key attributes that were important for our end using reporting. The use of dimensions has allowed us to create multiple reports utilizing locations, regions, cost centers etc.
Dashboards have been a great way to eliminate paper reports by creating custom dashboards with key operating metrics for each manager. These dashboards are real-time and allow management to makes decisions with timely, accurate data.
4) Upload templates have also been a huge time saver for input of journal entries and accounts payable bills.
1) Seamless Consolidation of Muti-Entities using multiple currencies.
2) The ability to use dimensions to reduce the size of our chart of accounts.
3) Dashboards for key operating metrics and report distribution for management.
Intacct hit on all three of our requirements in a big way. The consolidation is now prepared with the push of a button whereas in the past with QuickBooks the consolidation was a very manual and time consuming process in excel that generally took about a week to prepare.
Using dimensions, we are able to tag each transaction with key attributes that were important for our end using reporting. The use of dimensions has allowed us to create multiple reports utilizing locations, regions, cost centers etc.
Dashboards have been a great way to eliminate paper reports by creating custom dashboards with key operating metrics for each manager. These dashboards are real-time and allow management to makes decisions with timely, accurate data.
4) Upload templates have also been a huge time saver for input of journal entries and accounts payable bills.
What do you dislike about the product?
I really cant find anything that I dislike in the system.
What problems is the product solving and how is that benefiting you?
The benefits of Intacct have been significant. From a time saving perspective we have saved many man hours per month when we implemented Intacct. Now more time can be spent reviewing the data and being able to make timely decisions on accurate data.
The controls around the system prevent transactions from being deleted. There is always a great audit trail. I felt with QuickBooks there were no controls over data input and modifications.
The most important benefit has been being able to produce timely accurate data with the ability to deliver seamless reports and dashboards to senior management so that the business decision makers have timely and accurate data at their fingertips to make smart decisions.
The controls around the system prevent transactions from being deleted. There is always a great audit trail. I felt with QuickBooks there were no controls over data input and modifications.
The most important benefit has been being able to produce timely accurate data with the ability to deliver seamless reports and dashboards to senior management so that the business decision makers have timely and accurate data at their fingertips to make smart decisions.
Recommendations to others considering the product:
Is a great system and give it my highest regards.
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