What Is Intacct? Breaking Down the Vendor’s Many Solutions

by:
on February 16, 2016

Intacct is a major vendor in the accounting and enterprise resource planning (ERP) software markets. Founded in 1999, this vendor has grown its customer base to over 10,000. It’s primarily used by organizations in the following sectors:

  • Accounting
  • Healthcare
  • Hospitality
  • Nonprofit
  • Professional services
  • Distribution
  • Software development

Key Functionality

This vendor’s main offering is its self-titled Intacct: a cloud-based platform that’s compatible with both Windows and Mac computers. It’s best suited for midsize to large organizations.

At its core, Intacct is a comprehensive platform that covers essential accounting applications, such as:

Intacct Functionality

Accounts payable, accounts receivable and general ledger The foundation of all accounting software; these applications track expenses and income, and help manage a business’s overall cash flow.
Cash management Assists with the collection, management and tracking of cash assets.
Order management Automatically processes orders and relevant data between third-party point-of-sale/e-commerce and accounting systems.
Purchasing Helps track internal procurement and purchasing.
Reporting and analytics Provides real-time data of accounting key performance indicators, typically in a dashboard format.

 

Accounts payable application
 

Intacct also offers additional modules (for an additional fee) for:

Additional Intacct Modules

Inventory management Tracks and manages physical inventory, often in a retail or warehouse environment.
Fixed assets Tracks and manages internal fixed assets.
Sales and taxes Factors in sale prices and regional taxes to ensure accurate accounting across the board.
Subscription billing Assists with creating and sending invoices, in addition to managing recurring payments from customers.
Revenue management Helps users with revenue forecasting and projections.
Project accounting Assists with project accounting, providing greater visibility into the finances behind an organization’s specific projects across departments.

 

Intacct’s main dashboard view

What Users Say

Intacct is well regarded by users who have submitted reviews on SoftwareAdvice.com, holding a 4.2 out of 5 star rating based on 62 reviews.

Here’s what several users had to say about it:

I like the transparency it affords. Members of our finance committee, as well as our auditors, can have full access to our entire financial processes. Additionally, it allows us to provide customized dashboards for each of our department managers to see their individual performance on a period-by-period basis.

Hunter


I like the project accounting customization capabilities, highly customized permissions and highly customized workflow settings. Intacct is constantly improving and listening to customer feedback.

Israel


It is difficult to go back and make changes to entries that have been made, especially after payment has been received on an invoice, for instance. I would like to be able to go back and make corrections to clerical errors that have been made, with a field for explanation.

Barb

Systems That Integrate With Intacct

Intacct integrates with major customer relationship management, accounting and inventory management platforms. The system’s API also allows for third-party integrations between Intacct and other platforms to be developed. Users can purchase various integration modules on Intacct’s Marketplace.

Available integrations include:

  • Salesforce
  • ADP
  • QStock Inventory
  • Orange Leap
  • Host Analytics

Who Uses Intacct?

With over 10,000 customers, Intacct users include major organizations such as Kayak.com, Indeed, Marketo, TED and many more. In 2009, the American Institute of Certified Public Accountants (AICPA) named it as its preferred provider for financial software.

Similar Platforms

If you’re considering purchasing this solution, you’ve likely outgrown QuickBooks and are looking for a more robust core accounting platform. Buyers looking at Intacct also tend to look at the ERP platforms offered by Microsoft, Oracle, Netsuite and SAP. The systems offered by these vendors generally cater to midsize to large businesses, and cover most of the same bases when it comes to accounting.

Intacct lacks some of the functional capabilities that are typically found in a standard ERP suite, such as supply chain management or manufacturing. However, its strength is in the depth of its accounting tools and integrative capabilities.

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