Sage Intacct – Cloud Accounting for Financial Services Firms
- Sage Intacct was built to deliver multi-tenant financial management, on a platform purpose-built for finance. Whether it's addressing intricate multi-entity consolidation challenges or staying compliant in an ever-changing regulatory environment, Sage Intacct streamlines financial processes for financial services organisations, serving as a dependable source of accurate information.
- This allows all users to be on the same version, without complicated and expensive upgrades. An open API lets you connect to existing or future systems. This means you can leverage key data from expense management, payroll, budgeting, CRMs like Salesforce, and others to track metrics that are central to your business.
Here are some of the ways in which Sage Intact and Akuna can help transform the way you work:
- Multi-entity, multi-currency platform Sage Intacct natively supports unlimited entities within a single environment, which can be accessed with a single login (subject to each user's access rights). Each entity can have a different base currency, and transactions can be recorded in any currency.
- Multi-tax solution Transaction taxes (eg GST, VAT, etc) can be supported across most jurisdictions globally. Business Reduced Input Tax Credits (RITC) is natively supported.
- Global consolidations The consolidations module included in the core platform supports unlimited consolidations, each with specified entities, reporting currency, FX rates, etc. You can include entities in any number of consolidations, and Intacct supports multi-level and partial ownership consolidations.
- Real-time visibility and insights Financial services organisations need visibility into financial and operational metrics to make data-driven decisions. Sage Intacct’s robust reporting allows you to consolidate and drill down by operating company, location, instrument, currency, and more in minutes, not tens or hundreds of hours. Every transaction in the system is tagged with dimensions, so finance teams can sort, view, filter, and report on the specific information they need.
- Support for multiple accounting standards It is possible to report on entities or consolidations across multiple accounting standards (e.g. both IFRS and GAAP).
- Accrual and cash accounting Financial services firms are often required to report on activities based on both the Accrual and Cash accounting methods. Intacct supports this out of the box.
- Multi-dimensional reporting Use the Dimensions feature to report based on any combination of family member, fund / investment, project or virtually any other relevant categorisation.
- Unlimited budgets and forecasts Intacct supports unlimited budgets and forecasts, any combination of which can be included in financial reports. You can choose from an array of advanced budgeting tools to create virtually any modelling scenario.
- Advanced workflows and approvals You can configure advanced purchasing, sales and other workflows to align with your delegation of authority(ies), as well as maintain detailed audit trails and digital document records.
- Advanced allocations Set up rules to re-allocate transactions based on parameters such as head count, revenue, building size, etc.
- Integration with external systems Akuna has vast experience automating integration with treasury, property management and other operational systems.
- Further local regulatory and compliance support There is support for Buyer Created tax Invoices, Taxable Payments Annual Reporting and numerous other local requirements. You can use the Reporting Accounts function to produce reports based on alternate charts of accounts for external reporting.
Sage Intacct dashboards provide visibility into critical metrics that drive your business.
What our customers say about us
Biarri Networks operates on multiple continents, providing end-to-end tech solutions for fiber, broadband and 5G network deployment. Key requirements for a new financial system included complex multi-national sales tax management, subscription and project billing management, global consolidations and complex reporting. We also required a platform that allows us to scale. Akuna delivered a world-class solution using Sage Intacct, that has met and exceeded our expectations.
Sam Thomson
Chief Financial Officer
We are Australia’s leading specialist recruitment agency, with multiple entities and divisions across all major centres. Akuna understood our business and provided an Intacct-based cloud solution that automates integration with our operational systems, transformed our period-end close and simplified complex group reporting and analysis. What used to take weeks is now done in hours.
Pezh Moradi
Chief Financial Officer
QuestCare is a Canberra based, NDIS registered company that has been specialising in quality disability service delivery since 1996. After strong growth, we outgrew our disconnected small business systems and needed an integrated solution from care management to financial reporting. Akuna Solutions took a whole-of-business approach rather than focusing only on our financial system. Together with implementing Sage Intacct to address our accounting and complex financial reporting needs, they provided an NDIS-specific customer statement, integrated Intacct with our care management platform and ensured alignment with our HR and payroll solutions. Many manual tasks have been automated and the month-end close now takes hours instead of days. We have a platform that gives us the confidence to grow, and a partner that we know will be at our side.
Susie Leszczynska
Finance Manager
As a global business intelligence software vendor, we are on a mission to grow at scale and required an ERP solution to automate our business and support this growth. It needs to help eliminate multiple stand-alone systems, integrate with our CRM, automate subscription billing and payments, ensure compliance with global revenue recognition standards, produce consolidations and meet the reporting needs of our diverse stakeholders. Sage Intacct and Akuna have addressed these needs and given us a solution which allows our business to thrive as we scale!
Dave Boorman
Chief Financial Officer
Akuna assisted with integration work wherever we needed it and helped design the system to our advantage. A major win with Sage Intacct for us is the consistency and greater efficiency for reporting across entities.
Kirstie Jenkin
Business Systems Manager
It’s all about you
Every business is different. You have unique challenges, opportunities and goals. Our highly qualified and deeply experienced team works with you to ensure we understand these unique needs, and keep the end in mind.
We then collaboratively design the right solution, implement it and support you through go-live.
And that’s just the start of our association with you … we are there to support you day to day, and we proactively engage to ensure the solution evolves as your business and goals do.
