Cloud accounting software can be a powerful tool for mid-sized organizations. Taking this next step beyond a traditional software suite such as Quickbooks or an on-site enterprise solution such as Sage can help savvy CFO’s manage complexity, increase efficiency and drive business growth.
The right software can help you understand not just the basics of your financials but can provide you with a customized performance dashboard that’s specific to your business and reporting needs. This kind of deep understanding of your financial data will help you identify trends, uncover opportunities and increase decision-making speed throughout your organization.
However, some accounting software platforms have drawbacks that can hinder the effectiveness of your business. Here are four cloud accounting system features that the Intacct software offers that will help you drive your business forward.
Multi-Entity Management
Complex organizations that include multiple related business entities can be tricky to manage. That’s why a flexible, robust multi-entity management tool is an essential component of any web-based accounting system.
When our consultants implement Intacct, we’ve found that its’ multi-entity management tool helps our clients:
- Go global with robust, accurate, and easy multi-currency management
- Save time and reduce error with automated multi-entity consolidation
- Support growth by streamlining new entity set-up
- Increase visibility by relying on flexible, fully up-to-date local and global reports
Customizable Reporting Options
It is very rare that a one-size-fits all report can answer every question a financial or management executive may have. And while most cloud accounting software packages include stock reporting options, Intacct’s reporting engine accesses deep layers of data and provides robust, customizable reports. This important feature gives our team of experts the ability to precisely tailor reports to our clients’ unique business needs.
Also, unlike other accounting software that only tracks financial data, Intacct also tracks operational data and other metrics that are important specifically to your business. This flexibility helps you gain more insight with less effort.
Flexible, customizable reporting is important because it helps to:
- Improve visibility by reporting both financial and operational performance metrics
- Improve decision-making by analyzing performance according to your organization’s unique business drivers
- Simplify your chart of accounts without compromising reporting flexibility
General Ledger Flexibility
While a properly maintained general ledger is the lifeblood of your business, some web-based accounting software solutions overlook ledger flexibility and scalability. Intacct includes a unique general ledger platform that allows for extensive visibility, scalability and flexibility.
What makes the core general ledger functionality within Intacct cloud accounting software better?
- Unique multi-dimensional visibility
- Easy multi-entity management
- No-code configuration
- Robust multi-book functionality
- Fast multi-ledge performance
An Experienced Implementation and Support Team
Upgrading to a new accounting software package can be a daunting task for mid-sized businesses. Without broad business and financial experience, most software companies don’t really speak the language of financial and management executives. And that can mean trouble when implementing a software solution that is the backbone of any high-performing business.
At Cargas Systems, we’re experts at helping businesses make the upgrade from on-site software-based accounting systems to robust, customizable cloud accounting software. Our team of CPA’s, MBA’s and other experts understands business and finance in a way that is unmatched by other software companies. That means we’re uniquely qualified to help you implement and customize Intacct cloud accounting software in a way that will transform your business.
To learn more about Intacct and Cargas consulting services, call 888-611-3138 or contact us online. We look forward to answering all of your questions.