BTerrell Group Blog

Four More Reasons Why Intacct Is a Great Fit for SaaS Companies

Posted by Brian Terrell on Mon, Mar 23, 2015

In a previous post, I explained four reasons why, in my opinion, Intacct offers such a great fit for companies that develop and deliver software as a service. With nearly 25 years of helping clients select and maintain financial software solutions, I understand the importance of connecting a company’s unique needs and qualities with technology to improve the overall health of the company. With that in mind, I want to share four more reasons why I stand behind Intacct for SaaS companies.

IntacctforSaaSCompany

1. SaaS companies often need project accounting features such as budgeting, task management, project profitability statements, labor tracking, and capitalization of completed projects. Intacct offers robust project accounting capabilities, including the ability to see the true costs of past projects to help make smarter project bids, online access to real-time information relating to resources and invoices, and role specific reports and dashboards to provide the right information to the right people at the right time.

2. Intacct integrates extremely well with the mother of all SaaS – Salesforce. I cannot say enough good things about this integration. Intacct describes it as “the power couple,” and I agree. By taking advantage of this relationship, Intacct users get a full view of every customer, a streamlined quote to cash process, and more productive communication between the department that makes the numbers and the department that manages the numbers.

3. SaaS companies require accurate recurring billing capabilities. Intacct’s excellent recurring billing functionality allows users to automate and streamline the process while gaining real-time visibility into key financial and business metrics.

4. Project-based travel expense compliance and reimbursement can be convoluted and time-consuming for SaaS companies. However, projects, customers, users, expense categories, custom fields, classes, departments, and locations automatically sync thanks to Intacct’s seamless integration with Nexonia. It even streamlines corporate policy and approval policies! After collecting those expenses in Nexonia, choose either to reimburse employees directly from Intacct or make those reimbursements through AmeriFlex Workforce and Workforce Go!

Accurate and real-time visibility are key for SaaS companies. In my experience, SaaS companies that rely on Intacct have the most control over their financial predictability and resources as well as the information needed to enhance management decision making for positive growth. Contact us for a consultation to determine if Intacct is the right fit for your SaaS business.

Tags: SaaS, software as a service, Intacct

Sales Tax Returns & Filing Tools for the Progressive Accountant

Posted by Meredith Gooch on Fri, Feb 19, 2010

As another tax season rolls around, it may be time to analyze how much your business has grown. Complex new sales tax obligations make returns preparation and filing time-consuming and cumbersome for growing businesses. In this one-hour Webcast, find out about the most important tools and practices you can implement to make returns preparation, filing, and remittance an efficient and streamlined process. Take away tools and resources you can put to use immediately, learning from real cases and examples of how Speedtax's latest Software-as-a-Service technology improves controls and transparency while reducing expenses and staff time. Click Here to View This Webcast

Tags: software as a service, sales tax return, preparation, SpeedTax, webcast, taxes

Hybrid Cloud Computing for Accounting

Posted by Meredith Gooch on Thu, Jul 16, 2009

The debate over business use of outsourced cloud computing versus on-premise computing has been rising to a higher decibel level. The main advantages of adopting cloud-based software are:

1. Minimal start-up costs in exchange for monthly or annual fees
2. Reduced infrastructure management
3. Web-based deliverability that provides access “anywhere”

On the flip side, the main arguments against cloud computing are the inability of firms to manage system risk and the potential loss of security for proprietary business data. A higher total cost of ownership over longer periods as well as concerns about the difficulty of migrating away from Software as a Service (SaaS) applications present additional roadblocks that prevent accounting from moving to the cloud.

Recently, SaaS options that extend functionality of on-premise accounting systems are beginning to appear. Such hybrid solutions combine the use of both on-premise and cloud-based software. For instance, Indicee, a Web-based application that interacts with reports from on-premise Sage Accpac ERP and other software, provides basic sales analysis and other business intelligence. So far, hybrid solutions do not completely eliminate concerns about data security, but any additional risk extends only to the outsourced applications. Undoubtedly, new software services provided via the cloud will continue to emerge.

- Chris Firra, Sr. Consultant

Tags: Sage Accpac ERP, accounting software, accounting, cloud computing, hybrid, cloud-based software, Indicee, SaaS, software as a service