Intacct is a leading manufacturer of financial management and accounting software applications. Intacct's business software system includes accounting software, contract management, revenue recognition, finance, inventory, purchasing, vendor management, project management, payroll and financial reporting. All of these applications are provided via SaaS over the web.
Intacct accounting software broadly contains modules like general ledger. This module provides all the features to adjust according to the business needs. Intacct accounting software's general ledger can comply with accounting needs of manufacturing, HR, services and distribution. It is flexible and extensible which allows the user to plan and analyze the business according to its own attributes. Accounts receivable handles all the activities related to customer payments including cash collection, key customers and efficiently manage and process the payments. Its flexibility allows to plan and can generate recurring invoices.
To handle all the expenses related activities the accounts payable module provide all the features including vendor management. The liability across the whole organization and management of payments online or through checks proves to be a time saving and effective tool to the management. Cash management of Intacct accounting software manages all the cast related activities from one centralized location. This option provides visibility to watch out cash outflow and inflow at all the points throughout the organization. It also helps wonderfully in maximizing investment returns and forecast cash needs. It is flexible to comply with the processes company already follows for ease of use and understanding. Expense reporting and approval process is handled through expense management.
Intacct accounting software is easy to use and provides intuitive navigation throughout the application, it best suits small and midsize companies and has considerable market share which makes it reliable. The availability of this software as SaaS makes it convenient to use, deploy and customize with minimum IT cost. Unlike its competitor Netsuite it is traditionally focused and its modular approach makes it very easy to understand. It has deep functionality and outstanding customizing tools which gives it an edge over its competition.
Intacct accounting software also provides functionality for multi entity companies, each entity, subsidiary or franchise can choose their own chart of accounts, taxation rules and financial reporting and parent company can consolidate them in real time. Inter entity transaction are kept well tracked and balances are cleared with ease for keeping accounts clear and accurate. It provides consolidated reports in real time at global and local levels and with currency translations, which gives insight in the business at anytime and from anywhere, analyzes the data with different dimensions like business entity, country and evaluates local and consolidated performance.
However like most of the other accounting softwares, Intacct accounting software is also criticized for lack of breadth and in depth functionality in business application area like manufacturing, supply chain management and human resource. It also does not provide any onsite delivery option and is only available as SaaS. Intacct's private ownership also disallows others to see its stability which sometimes effects credibility of the company, a vital factor for any on demand software providing company.