The capacity to access and retain financial data is becoming more prevalent as data breach concerns and redundancy increase. Having software that impedes your growth by failing to achieve this critical requirement might have a negative impact on your business.
That is why on-premise ERP software, such as Sage 100, is suitable for new enterprises that just need to meet basic needs. Now, Sage Intacct enters the picture. It is a cloud-based ERP software that adapts and expands to meet changing business needs. Sage Intacct is the favored choice of modern enterprises because to its extensive capabilities in financial reporting, project management, accounting, and other areas.
Still unsure about the Sage 100 to Sage Intacct migration? Continue reading for a better understanding.
Identify if you’ve outgrown Sage 100 to Sage Intacct:
As businesses expand and adapt, so do their operational and financial management needs. That is why ERP software, such as Sage 100 ERP, must be capable of meeting complex and ever-changing corporate requirements. To maintain our business growth, we must transfer to a more well-vetted and agile cloud-based ERP system, such as Sage Intacct.
Consider these reasons for migrating from Sage 100 to Sage Intacct:
Features missing Sage 100, but Sage Intacct has:
- Advanced Reporting and Dashboards:
Sage 100 is limited to basic reporting capabilities, whereas Sage Intacct overcomes this disadvantage by delivering exact reporting and in-depth financial analytics.
- Cloud-Native Platform:
Sage 100, an on-premises ERP, also offers optional cloud hosting with additional settings. Sage Intacct cloud ERP, on the other hand, provides immediate access to your system from any location, at any time.
- Multi-Entity Management:
By successfully managing various entities across your firm, you may automate transactions and aggregate financials in real time.
- API and Integration Capabilities:
Sage 100 ERP’s API features are limited, making integration difficult. At the same time, Sage Intacct allows for smooth connection with other software and custom apps.
- AI and Automation:
Sage 100 offers few automation tools, limiting your road to automation; however, Sage Intacct contains AI capabilities that automate regular operations such as matching transactions and proposing actions.
- Subscription Billing and Revenue Recognition:
Sage Intacct, which has specific modules for managing complex subscription billing and revenue recognition, is necessary because Sage 100 does not have advanced standards for billing and revenue recognition.
Benefits of Migrating from Sage 100 to Sage Intacct:
Why is switching from Sage 100 to Sage Intacct necessary? You may have wondered the following while reading this blog; now, let’s look for the answers:
- Timely Month-End Close:
Simplify your month-end closing tasks and increase productivity with a precise close schedule that includes clear insights and pre-determined dates.
- Be Audit Ready:
Address financial risks as soon as they arise, while remaining consistent with legal standards and taxes norms.
- Handle your finances with ease:
Maintain a close eye on your financial performance by routinely observing financial data, trends, and KPIs using lucid analytics.
- Enhance efficiency:
Reduced data redundancies, manual data labor, and less human intervention will free up your staff to concentrate on important duties.
- Actionable Planning:
Making well-informed decisions that support boosting business ROI is made simpler with data-driven reporting and analytics.
Understanding Migration: What to Expect
The migration process, which is part of the Sage Intacct implementation process, has an impact on data management and access across your organization. We aim to keep things simple. As a result, part of the Sage Intacct conversion process includes transferring your data from the old to the new system. Greytrix’s migration strategy is to match user and system needs in order to run the business efficiently. The following is our migration roadmap for Sage Intacct:
You can read more here.
Why you should trust on us for Sage Intact migration?
As a Sage Partner, we use our many years of priceless expertise to simplify and ease our clients’ data migrations to new systems. By providing customized coaching and training, we ensure that our clients get the most out of Sage Intacct. You won’t ever feel ignorant during the relocation because we strive for transparency and responsiveness throughout the entire process.
Learn more about the additional Sage Intacct support services we provide here.
Originally Published by www.greytrix.com on 19-06-2024.
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