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AcctTwo Blog

How to Know It’s Time to Switch to Cloud Based Accounting Software

It’s likely that when your company was started or founded that your executive team went with the easiest, quickest, and most cost-friendly accounting software to handle its accounting needs just to get things started. But the truth is that start-ups outgrow the tools that launched the company. Not only can your old system be outdated, but ability to handle higher volumes of work might even be inhibiting your ability to grow.

Topics: accounting software ERP cloud accounting Accounting Finance Automation Sage Intacct ERP Cloud General

Why Everyone is Updating Their ERP Software Right Now

New research shows the accounting software market will grow to $11.8 billion by 2026, up from just $5.7 billion in 2017. The expansion is impressive but not really surprising considering that most companies are going through a digital transformation right now. But what gets lost in that explanation is that new ERP software is about more than just a tech upgrade.

Topics: accounting software ERP Accounting Digital Transformation General

What’s New in the Sage Intacct Release 3

Sage Intacct Release 3 for 2020 is live and we are here to give you an overview of the new features you rely on to make your job easier. In Release 3, Sage Intacct is delivering automation and streamlining processes around credit card transactions and reconciliations, cross-entity allocations, and budgeting and planning. These are just a handful of what's new in the 2020 Sage Intacct Release 3.

Topics: Intacct Releases Faith-Based cloud accounting Accounting Release General

What’s New in the Latest Sage Intacct Release for 2020?

Sage Intacct Release 2 for 2020 is now live and we are here to give you an overview of the new features or enhancements you rely on to make your job easier when it's time to pay bills, inter-entity setup and management, as well as budgeting and planning. These are just a handful of what's new in the 2020 Sage Intacct Release 2. Let's take a closer look!

Topics: Intacct Releases cloud accounting Accounting Release

Financial Management Software Playbook Sound Transaction Management

How a Modern Financial Management Software Helps with Sound Transaction Management

At AcctTwo, when we refer to Sound Transaction Management we mean setting up the right chart of accounts, optimizing the order-to-cash and procure-to-pay processes, and capturing all the relevant information in the right place. 

Topics: business intelligence Accounting Finance Transformation Startup Guidance extend your runway

Sage Intacct Cloud Accounting Software Action UI Changes May 15, 2020

Action is a powerful user interface built to save you time because it models the way you work. It utilizes new innovations to facilitate high productivity across your organization. On May 15, 2020, Sage Intacct will officially switch to the new Action UI by default. This means that the option to switch back to the previous UI will be disabled for most Sage Intacct cloud accounting users.

Topics: accounting software cloud accounting Accounting Sage Intacct

Sage Intacct Provides Transparency to Marinus

Like so many companies, Marinus chose to use QuickBooks at the outset. But as Marinus expanded operations, it found that QuickBooks did not meet its needs for internal controls, management reporting, and external reporting:

  • Journal entries could easily be overridden
  • The chart of account structure required for tracking expenses by department and project was cumbersome
  • The financial reporting and budgeting capabilities were very limited and led to time-consuming, manual manipulation outside the application

Marinus needed an accounting solution that would tackle these concerns and also provide controlled access to real-time information to internal and external stakeholders alike.

Topics: accounting software ERP Accounting Customer Success Sage Intacct Digital Transformation IP Leap the Pond

Continuity Breaks Free From Excel with Sage Intacct

Continuity’s rapid growth put pressure on the finance organization to keep up. Like so many companies, Continuity originally chose to use QuickBooks and was forced to rely on spreadsheets to maintain complicated revenue recognition schedules for multi-entity arrangements and to deliver management and investors typical SaaS metrics like CMRR, CAC, and churn.

When Alan Hurwitz joined Continuity, he recognized the importance of putting in place the accounting infrastructure to support the company’s growth and at the same time offer a compelling value proposition (i.e. measurable ROI.) His auditing firm, Fiondella, Milone & LaSaracina, recommended that he talk to Leap the Pond. After Alan reviewed all his options, he decided that AcctTwo and Sage Intacct was the best fit – from both a functionality and cost standpoint.

Topics: accounting software ERP Accounting Customer Success Sage Intacct Digital Transformation Leap the Pond

How SaaS CFOs Leverage Finance Automation

Bowery Capital’s annual Finance and Ops Summit draws hundreds of finance leaders from fast-growth SaaS companies, many of which are seeking to upgrade their financial foundation to deliver a higher level of reporting and forecasting.

Several CFOs from great growth companies that have relied on Sage Intacct cloud financials shared their experiences about how they transitioned from QuickBooks to streamline their financial operations and address key decisions around forecasting, SaaS metrics, subscription billing, and revenue recognition. 

Topics: accounting software ERP Accounting Finance Automation Customer Success Sage Intacct RPA Digital Transformation ERP Cloud

What’s New in the Winter 2018 Release of Sage Intacct's SaaS Platform?

I’m excited to share that Sage Intacct has just launched the latest version of our award-winning cloud financial management software—Sage Intacct 2018 Release 4.

Complexity in our modern world is everywhere. Some might argue that Accounting and Finance have more than their fair share of it. We love simplicity, but we don’t want to be restricted. Sage Intacct was built to take the hard-to-do nature of accounting and make it simple. Over time, we’ve added capabilities to make it comprehensive, auditable and scalable.

Topics: Intacct Releases cloud accounting Accounting Managed Accounting Services (MAS) Accounting SaaS Release Winter Release 2018