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AcctTwo Blog

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

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

United Way Senior Director of Finance Takes Full Advantage of Cloud Accounting

This year, United Way of Central Indiana (UWCI) celebrated an impressive milestone — 100 years of fighting for the education, financial stability, health and basic needs of everyone in the Central Indiana community, with a special focus on people and families who are living in or are one step away from poverty. The United Way movement began 131 years ago in Denver, Colorado, when several leaders in the religious and human service sectors had united around one cause: helping to serve people who were living in poverty. In April of 1918, the United Way movement arrived in Indianapolis in the form of a “War Chest.” The gigantic Chest was placed on the steps of Monument Circle, and a campaign to raise contributions involved every person in the community. The result: more than $3 million ($50 million in today’s dollars) was collected and donated to dozens of charities and relief organizations throughout the region. Since 1918, UWCI has worked with more than 80 agencies that serve the critical needs of the community.

Topics: Not-for-profit Industry Social Services Customer Success Sage Intacct

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

How to Convince Your Exec Team It’s Time to Switch Cloud 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 solution 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 accounting software ERP Digital Transformation Customer Success Sage Intacct Finance Automation RPA ERP Cloud cloud accounting Accounting SaaS

Two Organizations Join Forces to Better Support Mid-market Finance Transformation

We're very excited to make public our announcement that AcctTwo has acquired Leap the Pond. This is the joining of Sage Intacct's strongest partner for five years running with another one of Sage Intacct's top partners to better serve mid-market companies and nonprofit organizations. The acquisition represents two very similar cultures focused on customer success and providing cutting edge accounting and financial management technology as well as managed accounting services to organizations struggling with legacy systems, manual processes, and a lack of real-time visibility into financial and operational data. To learn more about the acquisition, read the press release.

Topics: Acquisition Leap the Pond Accounting SaaS Strategy Sage Intacct ERP Cloud

4 Key Takeaways for SaaS Finance Innovation

Increasingly, the CFO and finance leaders in growth SaaS companies are the business model architects for analyzing and guiding the success of the company. 

Topics: best-in-class best-of-breed Suite Sage Intacct Partner of the Year Sage Intacct Sage Intacct News AcctTwo News Accounting Today Accounting SaaS ERP Cloud Digital Transformation Busines-Process-as-a-Service Managed Accounting Services (MAS) Audit and Internal Controls SaaS Finance Transformation

Audit is about to undergo a radical change led by Sage Intacct

ACCOUNTING TODAY--Sage Intacct plans to radically change audit. Audit is about to undergo a radical change, and Sage Intacct plans to spearhead it.“Radical change” means just that: Audit will not be what it always has been," said Aaron Harris, senior vice president and head of engineering and technology, in a keynote at Sage Intacct's annual user conference, being held this week in Nashville. Audit now is “after the fact, time-consuming and expensive — all just to gain some confidence that the controls are working and the numbers are correct.” 

Topics: best-in-class best-of-breed Suite Sage Intacct Partner of the Year Sage Intacct Sage Intacct News AcctTwo News Accounting Today Accounting SaaS ERP Cloud Digital Transformation Busines-Process-as-a-Service Managed Accounting Services (MAS) Audit and Internal Controls

Sage Intacct's 2018 FAQs & Resources for Getting your 1099s Done

Your Best Option for Getting Your 1099s Done Quickly

With the 1099 season upon us, we’ve compiled a list of frequently asked questions to help you tackle all of your 1099 forms and reporting with Sage Intacct's Financial Management software.

Topics: 1099s back office Taxes Income Taxes compliance Awareness 1099 Accounting SaaS Sage Intacct FAQs

What’s in Sage Intacct 2018 Version 3 Release?

Imagine coming into the office one morning to discover your enterprise accounting software has been automatically updated with powerful new features. It also features extensive upgrades and enhancements, along with tweaks designed to improve efficiency and productivity.

Sage Intacct users know exactly what this feels like. The financial management solution is updated once every quarter in ways that dramatically improve its quality and utility. Plus, thanks to the cloud the updates are automatically installed with no input from the user. A big part of why Sage Intacct has become an industry-leading solution is because it effortlessly improves all the time.

Topics: Sage Intacct Intacct Releases Customer Success Accounting SaaS