When it comes to managing construction finances, two popular software solutions are Sage 300 CRE and Sage Intacct Construction. While both systems have similar features and capabilities, there are some key differences that set them apart.
Sage 300 CRE, previously known as Sage Timberline Office, is a comprehensive construction-specific accounting software designed for companies in the construction industry or real estate. On the other hand, Sage Intacct Construction is a cloud-based accounting system that is also tailored specifically for the construction industry.
Let’s take a closer look at the differences between these two software solutions:
Functionality
Sage 300 CRE offers a broad range of functionalities that cater to the specific needs of construction businesses. These include job costing, project management, payroll, and financial management. Sage 300 CRE is an all-in-one solution that provides a single source of data for all aspects of construction management. Its robust project management tools allow project managers to track budgets, costs, and timelines, as well as manage subcontractors, change orders, and RFIs.
Sage Intacct Construction focuses more on accounting and financial management. However, it also has integrations for project management. Its features include accounts payable, accounts receivable, a general ledger module, cash management, billing, and more. Additionally, it offers advanced reporting and analytics, allowing businesses to gain deeper insights into their financial performance in real time.
Usability
Sage 300 CRE has a steep learning curve and may take some time to become proficient in. However, once users become familiar with the software, it is very powerful and user-friendly. The system’s interface is well-designed, making it easy to navigate and use.
Sage Intacct Construction is known for its intuitive interface and ease of use. It has a modern design that is easy on the eyes, making it a pleasure to work with. The software is also highly customizable, allowing businesses to refine it to their specific needs.
Integration
Sage 300 CRE has a wide range of integrations available, including payroll, accounting, and project management software. It can also integrate with other Sage products, such as Sage Estimating and MyAssistant. This allows for seamless data exchange and eliminates the need for duplicate data entry.
Sage Intacct Construction also has a large selection of integrations, including payroll, HR, and project management software like Procore. Sage Intacct Construction also has an open API, allowing businesses to create their own integrations with other software systems.
Scalability
Sage 300 CRE is designed for mid-sized to large construction businesses. It can handle multiple users and is capable of managing large amounts of data. It also has a robust security system, ensuring that sensitive data is protected from unauthorized access.
Moreover, Sage Intacct Construction is designed for small to mid-sized construction businesses. It is a cloud-based system, allowing businesses to scale up or down as needed. It also has a flexible pricing model, making it an affordable option for smaller businesses.
Financial Reporting
If you’re looking to see your financial reports, you can do so with Sage 300 CRE and Sage Intacct Construction. Both options offer financial reports along with insights and analysis of your data. However, Sage Intacct Construction’s financial reports are significantly more detailed and interactive, allowing you to look at your data and how it relates to your operations without switching to another software.
Cost
Sage 300 CRE is a more expensive option, as it is designed for mid-sized to large businesses. The software requires a significant upfront investment, as well as ongoing maintenance and support costs if you have an IT team for your on-premise server.
Sage Intacct Construction has a more affordable pricing model. It is a cloud-based system, which means that there are no upfront costs for hardware or installation. Instead, businesses pay a monthly subscription fee based on the number of users and the level of functionality required.
Learn More About Your Options
In conclusion, Sage 300 CRE and Sage Intacct Construction are both powerful software solutions for construction financial management. For construction companies, it’s incredibly important to choose the right construction accounting software for your business. If you’re stuck choosing between Sage 300 CRE and Sage Intacct Construction, wonder no more. While Sage 300 CRE offers a traditional perpetual license and a basic report writer, Sage Intacct Construction goes the extra mile by providing modern solutions like an interactive custom report writer, tons of third-party integrations, and more!
Both systems have their strengths and weaknesses, and the right choice depends on the specific needs of the business. Ultimately, the choice between Sage 300 CRE and Sage Intacct Construction will depend on factors such as business size, budget, and specific needs.