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Outgrowing Sage 300? 3 Signs it’s Time to Upgrade to Sage Intacct
Sage 300 may have been the perfect fit for your company just a few years ago. However, as businesses grow, your needs and challenges as a company evolve, and it is essential to reevaluate your software stack to keep up with and accelerate your growth rate.
But how do you know if your company is outgrowing Sage 300? Good question.
Let’s face it, it’s important to really understand what challenges you are facing with your current software to answer that question and figure out how to soar over the hurdles.
We’ve outlined three common signs that it may be time for your company to upgrade from Sage 300 to Sage Intacct to help you make an informed decision about whether it’s time to upgrade your accounting software.
1.) You’re Relying Heavily on Manual Processes
If you find yourself bogged down by the amount of time it takes to process payments or reconcile checks manually, or if you are still using paper-based workflows for AP approvals and bank reconciliations, your business has probably outgrown Sage 300.
An overreliance on manual processes can also cause serious problems if only one or two people in your business can complete specific accounting tasks. If those knowledge-holders unexpectedly get sick or leave the company, it can be difficult to retrace their steps and recreate their processes. Sage Intacct has enabled companies to increase efficiency by 35% through automation, freeing up finance teams to expand into more strategic roles.
2.) You Need Better Financial Visibility
Running out of the box reports in Sage 300 may have given you the KPI’s your company needed at first. But as your business grows, you might discover that you need to track a wider variety of information to understand your organization’s financial situation thoroughly. Unfortunately, this isn’t easy to achieve with Sage 300 – especially without a support team’s involvement.
The real pain of Sage300 reporting is in the tool itself. Out of the box reports are easy to run, but creating reports in Crystal or Sage Intelligence are not point and click. Sage Intacct, on the other hand, has a CRM-like reporting engine that is baked into the tool. You can change reports on the fly without coding, reports update automatically on dashboards, they can be automatically scheduled to send via email too.
Sage Intacct provides users with real-time customizable reports and dashboards. Sage Intacct’s robust reporting and real-time dashboards help finance teams and executives better manage day-to-day operations and make strategic business decisions for future growth. Rather than spending time on historical data, you can flip your focus forward and do things like reallocating your budget as needed. Imagine your executives having a web page they can go to at any time to see real-time KPI’s. Profit and loss, sure, sales by item by location, no problem. Dashboards are drillable, but you can also restrict users to only view data, not enter or edit data.
3.) You’re Looking for Better Accessibility
Over the last 12 months, giving your finance team the ability to access the tools they need to work remotely successfully has become critical to ongoing business operations and success. While you can host your on-premise version of Sage 300 in the cloud and leverage a Remote Desktop connection to provide remote access, you still need to spend money on software upgrades.
Sage Intacct is a rock-solid, cloud-based platform that can be accessed anytime, anywhere. Even better, quarterly releases are automatic and require no additional staff or consulting time –freeing you up to spend those upgrade dollars on more strategic initiatives.
Do you believe your company may be outgrowing Sage 300? Our team of growth enablement experts can help assess your current state and help you find a solution that helps your business scale faster. Contact us for more information.
Ready to go deeper? Download our comparison guide: Sage 300 vs. Sage Intacct here>>
Sonja is very active in architecting CRM, ERP and marketing automation solutions for clients across North America. As an ex-journalist, she is adept at exploring a client’s needs and coming up with cutting edge, elegant solutions that fit, drive adoption, and create real results.View Posts
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