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For the largest and most successful businesses, financial management is a key strength driving their competitive advantage. For many small and mid-sized businesses, however, financial management feels more like a burden that consumes time and attention and creates risk and uncertainty.
You might assume the difference comes down to resources, with larger businesses having enough staff and skill to use accounting to their advantage. Except that with Sage Intacct, a cloud-based and user-friendly financial management platform, any business has the means to elevate their accounting practices.
Smaller businesses don’t need to add accounting staff—you just need to add Sage Intacct and modernize how you approach financial management. Consider three examples where Sage Intacct is the cause and a better business is the effect.
Cause: AI-Powered Insights
Effect: Transforming Decision-Making
The developers behind Sage Intacct have taken powerful AI and combined it with an intuitive interface to make this transformative technology accessible to more people and applicable to more workflows. Take reporting and analytics, for instance. Sage Intacct uses AI to automatically collect, organize, analyze, and visualize data at incredible speeds and on a massive scale. That includes all financial data no matter how many entities are involved, along with huge amounts of operational data since Sage Intacct integrates with most popular software packages. Sage Intacct is the platform for the data. AI is the engine to find whatever insights that data contains.
Accountants and decision-makers have more time to plan and strategize once they can stop manually manipulating data to find insights and request them from AI instead. They also have more insights to work with because AI can find trends, locate patterns, identify anomalies, and generate metrics better than any person could. With more information, better intelligence, and newfound time, decision-makers have all the ingredients to make smart, strategic choices about everything, large and small.
Cause: Financial Automation
Effect: Streamlining Processes
Another place where Sage Intacct uses AI to shift your time and focus away from daily financial management and towards more valuable activities is by automating common accounting obligations. Data entry, invoice processing, report generation, and more can run mostly or entirely on autopilot with Sage Intacct, which makes automation not just capable but also simple and flexible for anyone to use.
Automating accounting processes saves tremendous amounts of time. It also eliminates the errors and typos that happen whenever humans handle data. Those benefits spread outward through the whole organization because now decision-makers at all levels have financial data faster, with less effort and more insight. In that way, improving the performance of the accounting department with automation improves the performance of the whole company.
Cause: Cloud Computing
Effect: Extending Access and Scale
Sage Intacct was built for the cloud, putting all financial data and the entire accounting and finance toolkit within reach wherever there’s an internet connection. Since this financial management platform is cloud-native, it comes with powerful security and dependable accessibility. Plus, the developers release a free update each quarter that installs automatically to seamlessly improve and expand what Sage Intacct can do.
The benefits of cloud financial software for a small or midsize business start with the flexibility to operate a remote or hybrid office. People can also make informed financial decisions on the go, whether that’s a client office or airport. Another upgrade is scalability; the cloud lets you scale your capabilities up or down with speed and ease so you’re never without the accounting strength your growth requires. Last but not least, cloud software subscriptions often cost less than licensing the same capabilities and installing them on-premises.
RSM – Connecting Small Businesses with Sage Intacct
Modernizing finance at a small business or midsize company starts by implementing Sage Intacct, but it doesn’t stop there. You will also need to change processes, train staff, update strategies, and improve continuously.
RSM is your partner throughout. Our Sage Intacct specialists lead implementation and optimization efforts through every step in the life-cycle, making the technical accessible. Our business and accounting experts work with the technical team to help you turn the capabilities of Sage Intacct into competitive strength. Together with RSM, you have everything necessary to modernize finance and unleash opportunity.
See why so companies, especially those outgrowing QuickBooks, choose Sage Intacct. Contact us.
