Sage Intacct Construction
It’s no secret that there are many moving pieces in construction. From the office, field, project owners, subcontractors, to the software that helps all teams stay up-to-date, it’s essential that everyone can collaborate with ease.
This is where a cloud accounting ERP is vital for a business’s success. Businesses of any size and across all industries benefit from implementing a modern ERP and because construction is by default, geographically distributed it is especially advantageous.
If you own or manage a construction company, then keep reading. In this article, you will learn how you can consolidate your project and financial management with Sage Intacct.
What Is Sage Intacct?
Sage Intacct is cloud-based accounting software. Sage’s best-in-class financial management solution automates low-level and repetitive tasks for finance teams. Thus, freeing up time.
Sage Intacct offers eight core modules that streamline financial processes. They include:
- Job Costing
- Accounts payable
- Accounts receivable
- Cash management
- General ledger
- Order entry
- Reporting and dashboards
Businesses have access to their financial data anytime, anywhere, and from any device. What sets Sage apart from competitors is its marketplace of unique integrations. It also provides public APIs for custom integrations. Public API’s make an ERP system far more flexible and accommodating of unique business needs.
Every quarter, Sage Intacct for Construction delivers software updates, commonly adding 30-60 new features and product enhancements. The best part is that the updates are automatic. So, businesses no longer need to deal with downloads or installations at any time, especially at year-end.
Sage Intacct also offers advanced financial and operational modules for businesses to use. Some of these include:
- Contract and subscription billing
- Contract revenue management
- Global consolidations
- Interactive custom report writer
- Inventory management
- Project costing and billing
- Sales and use tax
- Spend management
- Time and expense management
Sage Intacct comes highly regarded by Gartner. Gartner awarded Sage the highest score in Core Financials for Lower Midsize Enterprises Use Case in 2018, 2019, and 2021.
G2 also rated Sage Intacct #1 in customer satisfaction. They note Sage’s ability to help customers scale from start-up to IPO.
How Sage Intacct Meets the Demands of the Construction Industry
This accounting solution is the #1 provider of financial management in the industry. Sage Intacct is the first and only AICPA preferred accounting solution available.
Sage built this software to meet the demands of:
- Managing many jobs
- Increased workloads
- Mobile and remote data input and access requirements
- New contract requirements
The core offerings of Intacct Construction are like other Sage products. They include:
- Accounts payable automation
- Audit trail
- Automated revenue recognition
- General ledger
- Job cost
- Job tracking
- Reporting and dashboards
Sage Intacct integrates with Procore to further streamline construction management processes and provide instant data exchange between field and office. This also offers home builders immediate and accurate financial data.
Additionally, project managers have constant access to:
- Customized reports
- Improved visibility
- Real-time collaboration
- Unique add-ons
Benefits of Sage Intacct Construction
Sage highlights several vital benefits of its construction accounting software. One is improved efficiency. Sage also automates AP/AR processes and estimates that companies see 20-40% efficiency gains.
Intacct also reduces the average month-end close time by 25-50%. Besides, it can deliver results faster, up to 30-50% faster than before! Open API allows for the integration of field data, payroll, and budgeting solutions.
Thus, Sage says finance teams can spend 25-75% more time on analysis and business strategy.
Intacct for construction provides easy-to-read dashboards to track performance and measure key metrics. The software is cloud-native and can report from many locations. It also works with multi-currency businesses.
If the benefits don’t speak for themselves, then the data does!
Switch To Sage Intacct Construction
Sage Intacct dominates the accounting ERP market for small and mid-sized businesses. Companies that use Sage Intacct Construction see significant returns. However, if you’re already a Sage user on a legacy system, such as Sage 300 CRE, now is the time to switch. Migrating from Sage 300 CRE to Sage Intacct Construction means that you don’t have to learn a whole new system!
To take your business to the next level, talk to an expert today at Bangert! Our team of experts is ready to share our proven processes with you.