From the Sept. 2008 Review of Mid-Range Accounting Systems
Intacct Plus is a web-based mid-range accounting product geared towards businesses with multiple locations or franchises. A more basic version is also available for smaller companies. The latest version of Intacct, launched in spring 2008, offers additional applications and enhanced features.
Ease of Use/Transaction Entry – 5 Stars
The Intacct Dashboard appears on-screen immediately after login. Completely customizable, the Dashboard now allows users to add links to third-party applications or other financial resources. As well, Dashboards can contain relevant information that can be deployed throughout the company such as new product information, sales goals, and even links to financial newsletters and other publications.
New users will find themselves easily navigating through the program in a matter of hours. All available applications are accessible from the drop-down menu found at the top right-hand corner of the screen. Each application page contains a flowchart type menu called workflows that provides access to all features found within that module, along with the related reporting options. Function tabs at the top of all data-entry screens allow you to access functions found in three categories: Activities, Records and Reports. All data display screens are fully customizable allowing for the elimination of clutter and keeping what the user needs to help speed the data-entry process.
Modules & Notable Features – 5 Stars
Intacct Enterprise offers Cash Management, GL, AP, AR, Inventory Control, Order Entry, Purchase Order, Revenue Management, Employee Expenses, Multi-Currency, Multi-Entity and Customization Services. Also available is the Professional Service Automation module, which includes features such as Time & Billing; Project Tracking; Client Expenses, Contracts and Revenue Management; and Inventory Management.
With its spring 2008 release, Intacct has added numerous system enhancements and features, including Contract Renewals Automation, which allows those providing service contracts to schedule renewal dates and other related activities. Also new is QuickStart Financials, which provides new users with a prepackaged group of templates and reports, and allows companies to be up and running even more quickly than before.
For those worried about security, Intacct provides peace of mind with additional
data security features such as the ability to restrict system access to specific
IP addresses. Specific modules and module views can also be restricted if necessary.
Multi-entity capabilities make Intacct an excellent choice for those with multiple locations, allowing companies to easily enter and process information for multiple locations as easily as if for one, with simple consolidation for corporate and partner-level reporting.
Integration/Import/Export – 5 Stars
Intacct modules all integrate seamlessly to provide a complete financial solution. The product also integrates with other third-party applications such as ADP and CompuPay. Complete integration with Salesforce.com allows for the tracking of all sales opportunities, converting data directly into customer orders in Intacct.
Data can be easily imported from third-party applications such as QuickBooks using the *.CSV upload templates. Intacct also provides integrated credit card processing with both PayPal and Authorize.net. Complete interfacing with third -party applications is also available through Intacct’s Service Oriented Architecture XML Gateway, a feature that allows Intacct users the ability to use the products that they need.
Reporting – 5 Stars
Intacct provides a decent level of reporting capability. The Report Wizard guides users through the report creation process to build the desired reports. All reports can be exported to a variety of file formats including Word, Excel, *.CSV, HTML and PDF. A variety of reports can be scheduled to print at a specific time and then be e-mailed to recipients after processing. All reports contain top-notch drilldown capabilities so supporting documentation can be accessed at any level.
Intacct also offers a good variety of non-financial reports, as well, including back-end statistical reports that pinpoint essential business performance to key employees. The addition of QuickStart Financials provides users with quality standard reports that can be processed immediately and then built upon as the business grows.
Support/Training/Help – 5 Stars
All users receive web-based, live chat and telephone support at no additional cost. Recently, the vendor began offering disaster recovery through SunGard, guaranteeing application restoration within 24 hours of a major disaster. Training options include QuickStart Training for those looking to get up and running quickly, along with web-based training.
Relative Value – 5 Stars
The complete Intacct financial solution starts at around $600 per month, with an additional cost of $150 per user. With excellent customization capabilities and a very slight learning curve, Intacct Plus is an excellent product well suited for multi-entity environments where flexibility is a must. Though not inexpensive, Intacct requires nothing but a high-speed Internet connection to be up and running almost immediately.
2008 Overall Rating: 5 Stars