Sage Intacct vs. Dynamics 365 – which is the better choice?
As a technology firm, we embrace new technologies that help our clients – and our own firm – grow more efficiently and effectively. At the same time, though, we provide accounting solutions, and accounting types tend to be skeptical of trends, choosing tried and true solutions that are functionally bulletproof. It’s due to these two (seemingly conflicting) reasons, that we feel that Sage Intacct is a better cloud ERP solution than Microsoft Dynamics 365 for most businesses. Here are three reasons to implement Sage Intacct vs. Dynamics 365:
Maturity – tested and proven
Sage Intacct was founded in 1999. This is a mature business management solution with over 11,000 customers. The company helped pioneer software-as-a-service (SaaS) and cloud computing. The Sage Intacct ERP solution provides deep functionality and carries the endorsement of the AICPA. Sage Intacct is inherently scalable, meaning it can grow with your organization as you move from an entry-level application like QuickBooks, until after you go public.
Microsoft Dynamics 365, Business Edition was launched in July 2016 – making it the newcomer to the marketplace. Much of the product’s promised functionality is on the product roadmap, rather than in the live product.
Flexibility – meets business-specific needs
Sage Intacct incorporates a tremendous amount of flexibility to configure the solution to meet your organization’s specific needs. For example, most objects in Sage Intacct can have up to 25 user defined fields. And objects such as customer, vendor and item records can have up to 100 user defined fields, each defined as date, currency, text or one of multiple other attributes.
Microsoft Dynamics 365 currently does not support user defined fields.
Intercompany – supports your multi-entity operations
As companies grow, many develop the need to manage multiple entities/companies in their accounting application. Franchise operations with multiple locations are a prime example. While most accounting applications (even QuickBooks) support multiple companies, few offer true intercompany transaction processing. Without true intercompany capabilities, you’ll be faced with duplicate data entry and reporting challenges. Sage Intacct provides robust intercompany transaction processing and multi-entity support, making it ideal for customers facing this growing challenge.
While Microsoft Dynamics 365 can support an unlimited number of companies, it does not support intercompany transaction processing.
Of course, there’s always an exception
We’ve shared three major reasons why we favor Sage Intacct for most of our customers looking to move to cloud ERP. That said, there are certain instances where Microsoft Dynamics 365 is the better option for some businesses.
For organizations with large and/or complex inventory holdings, Dynamics 365 is likely the better choice. In our opinion, Dynamics 365 for Financials, Business Edition provides better inventory management capabilities than Sage Intacct.
Sage Intacct gets the nod
When a new application with a known pedigree, like Microsoft Dynamics 365, hits the market, it generates interest, questions and comparisons. Our role is to help our clients evaluate, select, implement and optimize the best business management solution (established or brand new) for their needs.
Sage Intacct vs. Dynamics 365
While there is no single ERP solution that’s perfect for every company, for the foreseeable future, we’ll look first at Sage Intacct for most of our customers and prospects seeking a robust, mature, flexible and scalable cloud ERP solution. We’ll continue to monitor the Dynamics 365 for Financials solution, though, as we expect it will continue to mature with ongoing development from its deep-pocketed owner.
This content was originally posted here.
David Thikoll is the director of business development at Silverware. Silverware designs, implements, and supports accounting, business management, and enterprise resource planning (ERP) solutions for mid-market businesses.