Intacct has head quarters in San Jose, California and an off shore development center at Bangaluru, India, provides hosted financial management and accounting software applications. Company has market strength of more than 2000 clients and provides number of solution via software as a service. Netsuite and Aplicor are its direct competitors including Microsoft dynamics, Sage and QuickBooks.
Intacct's accounting and financial management solutions are GAAP, FASB and Sarbanes-Oxley compliant with all the key functionalities. It is also a preferred accounting solution provider for AICPA which is American Institute of certified public accountants and its subsidiary CPA2BIZ. Intacct provides many software as a service applications for various aspects of business like Financials and Accounting, Contract Management and Revenue Management, Purchasing and Inventory, Order Management, Global Consolidations, Insight, Max for Salesforce and Ava Tax for Intacct. However Intacct accounting and financial software has features like General ledger, Accounts payable, accounts receivable, Cash Management and Expense Management. This Intacct review will discuss the major features, advantages and disadvantages of this accounting and financial software.
Intacct's accounting and financial software contribute in improving company's performance by defining financial and operational targets, developing business plans, reducing cost, increasing revenue and productivity. With the use of internet, real time consolidation of financial data, improved reporting services along with transactional details and support documents, improved work flow and processes is possible to integrate accounting information with other activities of the organization for better collaboration and collective effort. Better cash management with local and corporate visibility.
Let's focus on the major features of this software in this Intacct review. Intacct accounting software are easy to implement as they are available as SaaS and with much less IT cost spent on infrastructure, simply an internet browser Mozilla or Internet explorer is required. Better compliance of rules, accounting standards and best practices throughout the enterprise with internal controls and segregation of duties is another benefit of this software.
Intacct provides sufficient data security unlike its contemporary Netsuite and has another data backup center at Sunguard. In case of emergency Intacct claims that all of its applications including accounting software will be online within 24 Hrs with not more than 2 hours working lost. Intacct accounting software's easy integration with other best of breed applications for supply chain management or human capital management is also an added benefit which gives its users leverage to utilize services of best possible solutions according to their needs. Training and support right from implementation to operations and for administration is provided by the company for all of its application subscribers which makes the implementation process and utilization of the software in the best possible way.
Let's focus on the major drawback of this business application in this Intacct review. Intacct is a privately held company which does not disclose its accounts which may create doubts in the mind of possible customers about company's financial status and strength. The lack of sufficient specific accounting support for key areas like manufacturing, supply chain management and human resource is another drawback of Intacct accounting software. Company just offers hosted applications and no on premise applications are available however company claims to have proper data backup and security facilities but some of its customers may prefer an on premise solution rather than a hosted solution.