What to Expect When You Switch from Sage 300 CRE to Sage Intacct Construction

What to Expect When Switching to Sage Intacct from Sage 300 CRE 

Embarking on the journey from Sage 300 CRE (Construction and Real Estate) to Sage Intacct Construction marks a profound transformation in your financial management and accounting practices. Although both platforms are products of the Sage family, they serve distinct aspects of your business operations.

Sage 300 CRE, with its extensive array of capabilities, covers everything from job costing, project management, and property management, to procurement and payroll. On the other hand, Sage Intacct, a cloud-based financial management solution, ensures flexibility across various projects, providing real-time financial insights to empower your business.

Sage Intacct stands out as more than just accounting software; it is a comprehensive solution that enhances the management of your daily operations and optimizes accounting workflows. The platform provides robust solutions for accounts receivable, accounts payable, and inventory management, while also offering innovative strategies for effective supply chain management.

A pivotal difference you will notice during this transition is the move from a location-bound application to a more flexible, cloud-based system. Sage 300 CRE primarily operates on-premise, whereas Sage Intacct liberates your operations from geographical constraints, granting you access to management tools and solutions anytime, anywhere.

This transition means that your operations are no longer tied to a specific location or device, a limitation prevalent in Sage 300 CRE. This aspect is increasingly crucial for construction firms, and it is a significant reason why many are opting for Sage Intacct.

Exploring the Differences: Sage 300 CRE vs. Sage Intacct 

Sage 300 CRE is known for its total integration capabilities, covering a wide spectrum of business operations from service and project management to estimating and accounting. However, its on-premise nature can be a drawback, especially for construction firms looking to expand or operate across multiple locations.

While it is possible to host Sage 300 CRE on the cloud through third-party services, many businesses find Sage Intacct’s native cloud-based solution more advantageous. Intacct’s intuitive design, coupled with a shorter learning curve, positions it as a more efficient choice for businesses in transition.

Sage Intacct, a true multi-entity cloud solution, excels with its built-in real-time reporting options and optimized management tools, essential for construction firms. Its capability to manage accounts payable and receivable directly on the platform—accessible from anywhere—presents a significant benefit, especially for remote projects and operations managers.

Firms with projects spanning different regions will find the location flexibility of Sage Intacct indispensable. Being bound to a local server could restrict business opportunities and potential revenue, making Sage Intacct an invaluable asset for growth and scalability in today’s dynamic business environment.

The Benefits of Going Fully Cloud-Based 

The biggest advantage that construction companies will find in Sage Intacct is its automation tools. A lot of the time, companies are seeing anywhere between a 20% and 40% spike in their work efficiency. This spike comes from real-time dashboards, streamlined revenue management, and the ability to automate AP/AR processes.

More companies are seeing that Sage Intacct is a cloud-based option with a focus on automating financial processes. It stands out by providing real-time insights and improving overall financial visibility.

The primary advantage is that it’s completely integrated. This means that everything you need is in one place. Construction firms want to know what to expect when switching to Sage Intacct.

What they can look for is flexibility. This will immediately be noticed after switching from a more legacy type of system to Sage Intacct. Finance teams can now do their jobs from anywhere without sacrificing the success of a project.

With Sage Intacct being built on the cloud, your work stays more secure as well. This can also be beneficial for cross-functional teams. It can be just as beneficial when working with clients who might not be in the actual location of the job site.

Enhancing Your Operations: Key Advantages of Switching to Sage Intacct 

Embarking on a transition to Sage Intacct brings forth a realm of opportunities to refine and elevate your operational workflows. Among the primary enhancements, you’ll notice a significant leap in robust reporting capabilities, scalability, and the integration and automation of various processes. This transformation invariably leads to sharper, more informed decision-making.

While Sage 300 CRE has proven adept at tackling complex internal challenges, Sage Intacct takes it a step further, particularly in collaborative environments involving multiple teams and projects. It fosters a setting where data-driven decisions are not just encouraged but are readily facilitated, allowing for a seamless sharing of insights across teams.

Sage Intacct distinguishes itself with its extensive tool set, including partner add-ons and third-party provisions, ensuring that you have everything you need at your fingertips. The overarching goal is to augment efficiency across all levels of your operations, providing a tangible boost to your company’s productivity.

For construction firms, this transition unlocks access to a plethora of configurable workflows, tailoring the user experience to individual needs and preferences. This capability ensures that every user, regardless of their role, enjoys a customized view with appropriate permissions, setting the stage for an uptick in overall productivity and user satisfaction.

By choosing Sage Intacct, you are not just upgrading your software; you are investing in a solution designed to propel your business forward, ensuring that every project is executed with precision, efficiency, and a level of collaboration that sets new industry standards.

How Is Cash Management Affected With Sage Intacct? 

At least 86% of construction firms admit that their cash flow is a constant problem. This means that one in every five construction companies is struggling to manage their finances. This also plays a lot into their productivity ratings, which can cause a domino effect of other problems.

Poor cash management can come from a variety of things. In construction, it comes from slow and late payments and procedures that aren’t great in terms of invoices. There are also other sources of these issues as well.

Some examples could be long-term capital expenditures and difficulty retaining clients. Regardless of the reason, Sage Intacct makes it more possible to monitor all facets of your finances. One common problem is overshooting the capacity of revenue you have.

Some of the best ways to combat this are to quickly manage cash balances and monitor fraud while preventing it. Sage Intacct helps businesses go automatic with reconciling all of their financial accounts. The platform does this in only minutes and also gives you the ability to import the statements you need.

Consider Your Location 

Keep in mind that with Sage Intacct as your accounting software, you can do this from anywhere. So, consider how many financial managers you have or project managers that take care of the budgets. If a problem arises and they aren’t onsite, they don’t have to be to solve the issue.

This is an advantage you won’t have with Sage 300 CRE without a lot of extra work. Sage Intacct gives you a full view of your financial position. This means you will see where your cash is going, and how much is coming in, and have the capability to develop reports based on real-time data.

This is something that construction businesses need considering the top reason so many of them fail is negative cash flow. There could be an issue with delayed projects or an increase in overhead costs, but this is all manageable with Sage Intacct which will limit potential financial or reputational damage.

Without the right approach to money management, it won’t matter how many projects your firm gets. This is why so many firms are transitioning from Sage 300 CRE to Sage Intacct.

Sage Intacct: A Better Way to Hit Your Milestones 

Construction firms want to know what to expect when switching to Sage Intacct. The main thing to expect is better flexibility and visibility into project financials. This applies to both location and features. Finance teams can now manage a firm’s financial health from anywhere without the concern of device or location limitations.

Discover a simpler approach to construction accounting with Sage Intacct Construction. Our unique method, The Bangert Way, revolutionizes Sage Intacct Implementation, building expertise within your team and delivering exceptional value at a predictable price.

Our goal is to help construction firms navigate software implementation seamlessly,, ensuring that you are not just adopting a new tool, but you are also gaining a partner dedicated to your success and operational efficiency.