Sage Intacct Budgeting and Planning: What You Need to Know
For any company, speed, ease of use, accuracy, alignment, and collaboration during financial planning and forecasting is critical to continued growth. Approximately 90% of businesses with between 50-200 employees use tools such as Microsoft Excel for planning purposes, and many companies eventually find themselves in what’s become known as “Spreadsheet Hell” – synonymous with spreadsheet formula errors, hard-to-use templates, inaccurate or delayed analysis, and endless versions of massive spreadsheets that crash computers.
That’s where Sage Intacct Budgeting and Planning comes in. Leading organizations are quickly adopting this solution in order to collaborate on the latest version of their plan or budget, all with the convenience of a single secure application.
But don’t just take our word for it! Sage Intacct customer, Natalie Bonczek, Controller at Red Door Interactive, says, “As a service company, our biggest expenses are people. I used to model our direct wage and overhead in elaborate Excel spreadsheets. I get the same result with Sage Intacct budgeting and planning, but it’s so much easier. I don’t have to update multiple spreadsheets and copy and paste data between them. I just change a couple of settings, and I’m done! And now personnel changes that took a few minutes each before can be done in seconds. One of our goals with Sage Intacct Budgeting and Planning was to have a more dynamic budget process. At a recent exec meeting our VP of Operations was able to run a number of different scenarios—all with minimal training. Making on-the-fly adjustments, the execs were able to see the impact of the changes immediately to support their decisions.”
Marcus Wagner, the Chief Executive Officer of AcctTwo, a Sage Intacct partner, reported similar high satisfaction after his organization adopted Sage Intacct Budgeting and Planning. “Planning is a critical component of successful organizations, yet small and medium-sized companies have been hard-pressed to find budgeting and planning software that support continued growth – leaving them stuck using Excel and email, which are very manual and prone to errors. An application like Sage Intacct Budgeting and Planning can streamline the process and free up valuable time to focus on the business. It provides added financial control while enabling growing companies to implement a planning process that offers agility by rapidly responding to markets and competitors. Having used Sage Intacct Budgeting and Planning ourselves, we think this new solution changes the game for growing companies. In addition, we see a significant market opportunity for this solution as a Sage Intacct Partner, starting with our current Sage Intacct customers, to deliver a more effective, team-based budgeting and planning system that identifies growth opportunities and the means to achieve them.”
Additionally, Sage Intacct Budgeting and Planning was recently a winner in the 2019 SaaS Awards in the Best SaaS Product for Management Accounting and Budgeting category. Recognizing excellence and innovation in SaaS, the Software-as-a-Service Awards program accepts entries worldwide and is partnered with the annual Cloud Awards, now entering its ninth year.
Sage Intacct Budgeting and Planning was recognized in the SaaS Awards for providing both powerful and easy-to-use functionality for growing businesses, while eliminating inefficiencies and security risks, as multiple versions of spreadsheets are no longer shared via email in the review and approval process.
Sage Intacct Budgeting and Planning features bidirectional data synchronization with Sage Intacct and uses the same structures, including the chart of accounts and all dimensions, to seamlessly manage actuals, budgets, and plans. This delivers the flexibility and control needed to better manage the complete budgeting and planning process using one integrated solution and increases the quality of budget reporting and analysis available in Sage Intacct. Sage Intacct Budgeting and Planning also offers full FP&A functionality out of the box with an easy and fast deployment.
Sandi Main started her career as an Accountant and Business Analyst, working for Alza Corporation, later acquired by Johnson & Johnson, and Deloitte Consulting. Her career took a turn towards Product Management and Product Marketing, working in customer relationship management at Siebel, acquired by Oracle, and in digital marketing for Acxiom and Kenshoo. Now she’s come full circle, applying her Product Marketing experience to accounting solutions at Sage Intacct as Director, Product Marketing.