Is it time to switch from Sage 50 to Sage Intacct?
Many small businesses across the UK and beyond rely on Sage 50 for their financial management and accounting.
It’s a powerful, timesaving and simple-to-use accounting software platform that helps businesses across a range of sectors keep on top of their finances and run more efficiently.
It comes with a wide range of in-depth tools to help businesses manage every aspect of their accounting, invoicing, cash flow, payments, VAT returns, stock tax and so much more, as well as detailed real-time reporting and business insight.
Sage 50 is the perfect solution for small companies looking to simplify their financial processes. In fact, for many, it may be the only financial management solution they’ll ever need.
However, businesses looking to grow may need something a little more advanced and in-depth to help them overcome some of the challenges that scaling a business brings.
That’s where a bigger and more powerful product like Sage 200 or Sage Intacct comes in. To find out more about upgrading to Sage 200, read our customer success story about our client Babystyle.
Sage Intacct is a cloud-native software solution, with richer features than Sage 50, provides a smoother user experience, and helps growing firms consolidate their entities in minutes and close their books by up to 80% faster.
So, if you feel your business may have outgrown Sage 50 and you’re looking for a tool to take your financial and accounting processes to the next level, here are five reasons to consider switching from Sage 50 to Sage Intacct.
What is Sage 50?
Sage 50 is one of the world’s leading accounting systems for small businesses. It helps users manage all aspects of their financials, from creating professional-looking invoices to submitting online tax returns to HMRC.
It’s available either as a cloud-based solution or a desktop application and, depending on which version you subscribe to, offers a plethora of features, including:
- In-depth stock and reporting
- Cash flow, income, expenses and payments management
- Create personalised, professional invoices and quotes
- Contact management with individual pricing and discount options
- Sales and purchase order creation
- Recurring invoices, transactions, sales and purchase orders
- Automatic bank reconciliation, including foreign currencies
- Calculate and submit VAT to HMRC
- Create and run bespoke, real-time reports
- Advanced stock management
- Multiple entity, department and budget managemen
What is Sage Intacct?
Sage Intacct is a complete, cloud-based financial management and accounting solution. It performs many of the functions of Sage 50, but offers so much more.
It integrates with a wide range of existing software and applications and can be used to automate time-consuming manual processes to free-up resources and enhance productivity. Some of its main benefits include:
- Streamlined accounts payable and receivable workflows to help you get paid faster
- Complex revenue and billing process automation
- Real-time cash flow management and visibility across multiple accounts
- Consolidate multiple entities, currencies and geographies in minutes
- Automate and accelerate cash-to-quote order cycles
- Enhance purchasing speed, accuracy and visibility with structured transactions and approvals
- Create custom dashboards and reports to get up-to-the-minute business insight
Sage Intacct has more than 17,000 users worldwide and is the perfect stepping stone for businesses looking for a more in-depth financial management solution to help them scale and grow.
Why upgrade to Sage Intacct?
As your business evolves, Sage 50 may no longer offer the features or capabilities you need to manage its finances as you grow. Here are five reasons why the time might be right to consider switching to Sage Intacct:
Streamlined accounting processes
Many businesses looking to enhance their efficiency and agility have migrated to Sage Intacct, which is built for businesses that need more robust capabilities than Sage 50. What gives Sage Intacct the edge is the way it can automate many slow, tedious or repetitive manual processes, something which Sage 50 lacks. It means you can virtually eliminate manual processes and double data entry, and kiss goodbye to slow month-end closes, speeding things up by up to 80%.
Cost effectiveness
Sage Intacct is a cloud-based, modular platform which means you pay for only what you need. It comes with free lifetime updates and can be integrated with hundreds of powerful add-ons to help you get the most from your software. This basically means you can build a system that’s tailor-made for your needs and comes with all the tools you need to scale and grow.
Because most manual processes can be automated, this frees-up valuable staff time and resources, making it an extremely cost-effective solution. In fact, many Sage Intacct customers achieve an average 250% return on investment and payback in less than six months.
Customisation
From dashboards and reporting to pages, views, tabs, fields, objects and features, Sage Intacct is highly customisable, meaning it can be configured to the way your business wants to work. You can combine and display all the pages and objects you need in a single, unique menu and create triggers that convert automated data sets into applications. You can also create your own custom workflows to process records and set actions, statuses and multiple workflow paths.
Cloud capabilities
Because Sage Intacct is cloud-based, there’s no software to install and no need for hardware or on-premise servers. All your data and applications are securely stored in the cloud, so your users can access them from anywhere, on any device, via a secure internet connection.
There’s also no need to worry about keeping your system up to date, as any patches or upgrades are applied automatically as soon as they become available, easing the burden on your finance staff and your IT team.
Advanced reporting
Sage Intacct’s superior insight and reporting options mean you can quickly access or create reports that analyse real-time business data against your key performance indicators. Its financial reporting and analysis options are almost limitless.
Intuitive dashboards and custom reporting provide fast yet rich financial and operational insight, giving you complete and instant visibility of all the information you need to stay informed. It means your business can make better, faster decisions based on real-time data.
How can Solutions for Accounting & CRM help?
As the UK’s leading business management software solutions provider, we’re a Sage Intacct specialist. We can help you successfully migrate to this more advanced platform and tailor it to your business needs.
We offer a wide range of Sage Intacct software options and expert advice to ensure you find the right solution for your business model.
Our expert team consists of qualified accountants, product-accredited staff and talented developers, which means we can develop innovative add-ons and connectors to help you get more from your Sage Intacct solution, use it to its full capabilities and maximise your return on investment. We also offer expert Sage accounting support for all Sage products.
So, if you’re considering switching from Sage 50 to Sage Intacct and want to be sure you’re making the right decision, get in touch today to see how we can help. Call us on 0115 840 5075, email us at enquiries@solutionscloud.uk, or fill out the form below.
