This post was updated in January 2023.
If payphones are obsolete because of technological advancements, where do superheroes go to change?
Today’s finance superheroes begin by upgrading their organizations’ entry-level accounting software to a powerful cloud-based financial management solution like Sage Intacct. They understand technology solves challenges that impede performance and prevent staff productivity.
They recognize the benefits of acting versus a wait-and-see approach. They migrate to software that enables their organizations to operate more efficiently while giving their executives and management team better visibility and intelligence. They know the right software increases their resilience and adaptability.
Here are some surefire signs your organization is ready for Sage Intacct.
Business Complexity
Entry-level accounting software such as QuickBooks is great for smaller businesses that need simplicity and ease of use. But eventually, QuickBooks doesn’t cut it.
Does your midsize business have multiple transactions to archive, a lot of employees, high turnover, various legal entities, or international business in multiple currencies? If so, entry-level accounting software means you’re wasting time on manual workarounds to handle these complexities.
Lack of Reporting Capabilities
Reporting in entry-level accounting software doesn’t provide the visibility and deep financial insights your midsize business needs. And if your business has multiple entry-level systems deployed at different locations—perhaps with different charts of accounts—your staff is likely creating consolidated reports in spreadsheets.
Dumping data into Excel and manipulating it takes too much time and leads to expensive mistakes. You’re devoting days, weeks, or months to basic tasks you could accomplish in minutes with a more modern system. And your executive team doesn’t have a clear picture of your business’s financial performance because you can’t get them real-time data promptly.
Too Much Time to Close the Books
How long does it take to close the books? Two weeks or more is too long—that’s time you should be focusing on strategic thinking, innovation, and growth. And while the widely accepted standard to close the books is a business week, many midsize organizations can do it in a day or two because they’ve upgraded their entry-level accounting software.
Learn More
To learn more about how Sage Intacct can make you a financial superhero, watch Closing the Midsize Performance Gap, a 30-minute webinar featuring Robert Kugel, Senior Vice President and Research Director at Ventana Research. You’ll also get firsthand perspective and insight from Bonnie Forssell of Vitamin Angels and Roger Bayramian of Children’s Hunger Fund to learn how they became financial superheroes with Sage Intacct.
