cloud-based accounting

Article Dean Dorton

Global Consolidations with Sage Intacct, the only AICPA-preferred financial management system in the market, just made it much easier to handle international accounting. Sage Intacct has a simple and user-friendly interface that has the functions of multiple international accounting software combined into one system.

Sage Intacct Global Consolidation (IGC) allows you to see your numbers in real-time.  Sage Intacct offers secure, up-to-the-minute accounting for your single or multi-entity business that allows for amplified automation.  Increased automation in the accounting world makes life more relaxed for everyone involved- saving time for the finance team, decreasing manual entry, eliminating the need for spreadsheets, and increasing business productivity overall.

With Sage Intacct’s cloud-based solution, your company has access to robust reporting and insight into a performance comparison from your business across the globe. Automation with Sage Intacct helps you close your monthly books faster and with more accuracy and allows employees to focus on projects and other tasks at hand.

Many global companies deal with the complexities surrounding foreign currency and the gain and loss of exchange rates- now that’s a thing of the past. The Global Consolidation feature inside of Sage Intacct gives the ability to automate inter-entity transactions using automatically generated conversions with the option for basic and advanced inter-entity mapping. Configuration and maintenance have never been easier! Also, Sage Intacct is partnered with OANDA, which is the leading provider of multi-asset trading services for businesses. OANDA’s standards are top tier and are trusted worldwide.

If you’re looking for automated conversions for your business transactions or your business needs to be reported and/or managed in multiple currencies, Intacct’s Global Consolidations (IGC) is the right software for you to increase accuracy and reduce manual operations for multi-entity and multi-currency consolidation. Regardless of your company’s size, the amount of locations or entities, Sage Intacct makes it simpler.

The most immediate benefits of using IGC are:

  1. Sage Intacct is a unified system that segregates access controls across entities, better connection with international subsidiaries by only using one environment, and has options for smaller charts of accounts through dimensions, vendors, customers and items shared amongst entities.
  2. Real-time visibility and insight into all inter-entity relationships, which minimizes user error due to less manual entry.
  3. Automated inter-entity transactions and roll-up of all operational data such as global aging, revenue trending or even breaking it down to reporting based on one entity for AR aging.
  4. Ease of centralized payment processing between offices locally or globally

Overall, with Sage Intacct’s cloud-based software, finance leaders can have visibility into their financial and business operations that work best for their international business solution. You can learn more about Sage Intacct below!

Datasheet: Multi-Entity and Multi-Currency Global Consolidations

Article Dean Dorton

A quick Internet search will tell you that importing and exporting data can be a tiresome process that can bog down productivity, company-wide.

When businesses are working with multiple software solutions, often that means having to pull their people from important projects, time and again, to import and export data as new orders and client information travel through the pipeline. The whole tedious process can slow down your sales funnels, reordering schedules, and invoicing processes. It can also take time away from the other proactive tasks that help keep the company targeted on proactive growth. We see it even more during busy seasons or periods of rapid expansion and change.

For businesses to keep up with sales goals, client demands, and the competition, they need real-time data and accurate inventories. They need a system that can populate data between their various software solutions as fast as possible, whether it needs to go into the GL, against their inventory, or submitted for billing.

Finally, what businesses really need is for information to show up without having to pull someone away from other tasks to import it or export it.

Modern businesses using the cloud have a better option when it comes to managing data between cloud software solutions.  Our mConnect data transfer solution is an invisible liaison that bridges the gap between your Intacct and ConnectWise systems to automatically shuttle your most important data effortlessly between systems, to integrate only the data you want and need from ConnectWise to transfer into Intacct.

  • Customize your synchronization options for complete control over your data and how you use it.
  • Fortify your sales department with up-to-date information and sales numbers for reliable forecasting and informed sales strategy decisions.
  • Uplift accounting with more automatic processing with integrations and invoice processing for greater accuracy and improved efficiency.
  • Harness data with real-time visibility on just what you need to support your customers and work seamlessly with vendors.
  • Simplify collections, track invoicing and get invoices up-to-date automatically.
  • Sync inventory from a single location, to access stock counts from the field, with real-time visibility.

Are you ready to give your teams the tool they need to streamline your workday, and the transfer data of between systems? Our team of expert controllers and accountants understand the pains of transferring data to support financials. To uplift teams who are spinning their wheels to get critical information where it belongs, let us show you how mConnect can speed up importing and exporting to kick productivity into high gear.