Sage Intacct is cloud-based accounting software that helps you with everything from inventory management to cash management to financial reporting to revenue recognition. Entertainment and media companies such as content producers, talent management companies, and film distributors have unique and sometimes high complex accounting and financial management challenges, from tracking the production costs to accounting for copyrights and book patents.
In this way, the demand for flexibility, in-depth reporting, and scalability forces many people to consider cloud-based financial management solutions such as sage intact. So, there are seven benefits of using sage Intacct, which are as given below:
Provide Cloud Base Accounting:
As you told above, sage Intacct is the cloud accounting software designed to work on multiple platforms. In addition to this also integrates with most ERP and CRM systems currently available in the market.
Many different companies, such as wholesale distributors to retailers to healthcare to nonprofit, can benefit from the many new features that sage Intacct provides to the company holders. So, the companies are taking sage Intacct cloud base accounting software.
Sage intact has proved to be the desired business answer for AICPA. In addition to this, it can also help private, and public company accounting departments and help in meeting all their needs.
Improve Insight and Visibility:
Most companies need visibility across the entire organization to make them better and faster decisions. This software has reporting tools that are easy to use, customize and modify as needs change. The software also can tag each financial transaction with key dimensions such as customer, episodes, and series.
This software has customizable real-time reports that incorporate financial and non-financial data. This app also supports multiple methods of accounting. The software includes an easy-to-use dashboard that offers you real-time filters and the ability to drill down to visualize key data rapidly.
Automate Manual Processes:
This software allows you to automate manual processes. So, by automating manual, repeated processes such a band reconciliation and account payable, a business can save hours each week and free staff from focusing on more business-critical operations. In this way, sage Intacct can be integrated with AIPs.
Businesses also age one version of the truth available in real-time across all user interfaces and eliminate the need for time-consuming manual data transfer. So, by using this software, businesses can also save time with the electronic approvals and workflow that automate the bill payments.
Integrate Easily with Other Applications:
Most entertainment and media companies find it best, to begin with, the core financial application for meeting the essential requirements. The requirements include multi-entity management and dimensional reporting. So, they integrate additional strategic solutions to automate more business processes such as account payable, month-end close, and expense management.
The great advantage of sage Intacct is that it integrates easily with many other best-in-class applications, from ADP for HR and payroll to adaptive insight for corporate performance management.
Elaborate Multi-Entity:
Managing and handling different entities and locations in different accounting solutions needs the accounting team who knows multiple systems and how to export and combine all data. So, this is a very inefficient way to run the business. So, in this way, sage intact can have multiple entities.
By this software allows the organization to manage their entities in one system and eliminate the inefficiencies from having to extract and consolidate data from multiple. This software allows organizations to easily consolidated or consolidating reports.
Strong Internal Controls:
Many organizations struggle with setting up internal controls, but Sage Intacct makes them extremely accessible. These controls are centralized and controlled by administrators and making it easy to adjust as needed.
In Sage Intacct, several ways are used to set up internal controls, such as setting up view and write users, provisioning roles that allow access to specific parts of the system.
In addition to this, you assign them to employees, assigning user groups to reports and importing budgets, and utilizing budget to the actual reporting.
Extensive Fund Accounting:
Fund accounting is difficult. It is more difficult if the accounting solution in place is not set up for proper fund accounting. So, in this way, sage Intacct offers you the ability to do true fund accounting. Users can easily record revenues to specific funds or grants and specify and relieve restrictions.
Time and expenses can be easily recorded to grants and then easily invoiced. So, the report can easily be generated for each management by using Sage Intacct software. In addition to this, also an understanding of the impact each grant has on their organization.
Above, we have given the 7 benefits of using sage intact. Sage intact is the accounting tool that you can use to run your company or organization more efficiently. The 7 benefits of Using Sage will help you in many ways.
