RSMUS.comGrowing revenues, happy clients, talented employees, ambitious plans: all these advantages become irrelevant for financial services firms if the accounting function is not up to par. Financial management that’s inefficient, disorganized, or inaccurate puts any firm in a precarious position where they might encounter sudden cash flow issues or use imperfect data to make flawed decisions.
The inverse is also true, however, and financial services firms that excel at accounting are in a much stronger position because of it. Not only is their financial situation more stable and secure, but they’re also better positioned to grow and adapt, with abundant financial insights at their disposal.
So much success in financial services comes down to accounting that the choice of which financial management solution to rely on is incredibly important. While it’s tempting to pick solutions, especially for smaller or younger firms, based on cost or simplicity, that’s a shortsighted decision that leaves firms without adequate accounting tools exactly when they need them the most: once growth starts.
Sage Intacct is a cloud-based financial management platform with a comprehensive toolkit for managing money that is suitable for any business—but ideal for a financial services firm. Consider how firms of all shapes, sizes, and strategies gain strength from Sage Intacct.
Elevate Financial Management to the Next Level
Sage Intacct provides all the tools that firms need to manage their routine accounting obligations, from tracking income, expenses, and profitability to accounts payable and receivable. There are features to monitor cash flow, manage bank accounts, and reconcile transactions, plus tools for reporting, forecasting, and analytics.
Sage Intacct integrates all these features (and many more) along with all financial data onto a seamless platform that anyone with permission can access in the cloud. It makes time-consuming tasks more efficient, sensitive tasks more accurate, and complicated tasks more transparent. In that way, every aspect of financial management becomes more advanced despite taking fewer resources (time, energy, staff) than ever.
Link Critical Systems and Data Sources Together
Software packages popular with financial services firms can integrate easily and powerfully with Sage Intacct. A few examples include Avalara for tax compliance, Expensify for expense management, Bill.com for accounts payable, and Salesforce for CRM—these can share data back and forth with Sage Intacct, along with dozens of other integrations available through the Marketplace.
Linking critical systems with Sage Intacct saves the time and error involved with manually moving data between systems. More importantly, it allows firms to utilize financial data wherever it could be beneficial, and to combine data and features from multiple software packages into powerful workflows. Used strategically, these integrations can bring a significant competitive advantage.
Solve Pain Points and Scale Unique Strengths
Financial services has many singular accounting requirements, which is one reason the average accounting software doesn’t suffice in this industry. Sage Intacct, on the other hand, comes with relevant features out-of-the-box for things like contract and revenue management, project accounting, multi-entity accounting, and global consolidations.
By designing powerful features to handle these obligations and making them part of a seamless package for financial management, Sage Intacct does more than just solve persistent pain points. It turns former weaknesses into future strengths, empowering firms to use newfound efficiency, productivity, and insight to outmaneuver others in the industry.
Accomplish What the Competition Can’t
Upgrades to accounting and finance brought about by Sage Intacct have impacts across the entire firm. Operations get more efficient when financial processes run automatically and managers have real-time visibility into key metrics. The company’s reputation improves, especially in financial services, when firms manage their own accounting in a consistent and compliant manner. Decision-making improves as well once leaders at all levels have on-demand access to data, reports, and analytics.
More than just a financial management platform well-suited to financial services, Sage Intacct has the ability to be the centerpiece of a firm’s digital ecosystem, orchestrating and facilitating countless workflows. It can also drive the long-term strategy, helping leadership see what’s possible and practical, then supplying the speed and scale to support any ambitions. Every financial services firm handles accounting. Those with Sage Intacct use it to their advantage.
RSM – Industry Specialists, Technology Experts
Gain even more strength from Sage Intacct by relying on RSM for implementation, training, support—or the entire life-cycle. Our team knows this technology. We have introduced it to numerous firms in financial services. We offer accounting, tax, and business consulting in conjunction with our tech services, equipping RSM to address complex issues and apply proven strategies for maximizing ROI.
Fulfill the potential of your firm—starting by adding Sage Intacct. Contact RSM for a demo or info.
