Question 1

What are the key differences between Sage 50 and Sage Intacct accounting software?

Accepted Answer

Scalability and user count: Sage 50 supports only up to 20 users, while Sage Intacct offers virtually unlimited scalability through cloud-based architecture. Transaction volume and performance: Sage 50's transaction volume is limited to 1 million, causing performance issues, while Sage Intacct offers unlimited scalability for transactions. Automation and efficiency: Sage 50 relies on manual processes, while Sage Intacct offers artificial intelligence (AI) - powered automation to reduce manual tasks and enhance efficiency. Customization and modernity: Sage 50's legacy architecture limits customization, whereas Sage Intacct's cloud-native platform allows flexible customization through application programming interfaces (APIs). Industry-specific features: Sage Intacct includes features tailored for sectors like finance, healthcare and not-for-profits, offering specialized solutions beyond basic SMB needs.

Question 2

How long does it take to switch from Sage 50 to Sage Intacct?

Accepted Answer

Our Sage Intacct professionals will cover everything you need to get your team set up for success with your new financial system. With our proven methodology and repeatable process, you can be up and running between three and six months.

Question 3

Is switching to Sage Intacct the right decision for my company?

Accepted Answer

Sage Intacct is recognized as for financial leadership. It is the only preferred provider of the American Institute of Certified Public Accountants (AICPA), the World’s largest membership association for CPAs which sets the standard for the accounting profession. We are the only vendor to have earned this endorsement.

Question 4

What’s happening with accounting software in the construction industry?

Accepted Answer

Construction companies are increasingly choosing cloud solutions, which are quite mature and offer superior features to on-premises solutions. In addition, cloud solutions offer an enhanced user experience, intuitive reporting and analytics, streamlined integration and access from anywhere on any device with just an Internet connection. Sage has invested heavily in Sage Intacct as part of its “Sage Business Cloud” initiative. Their acquisition of Intacct in August 2017 was a central part of their strategy for growing business.

Question 5

How does Sage Intacct compare to Sage 50 for accounting needs?

Accepted Answer

Sage Intacct has many of the same features as Sage 50 along with additional capabilities like Deep financial and operational insight with unlimited data dimensions Real-time reporting, dashboards and key performance indicators (KPIs) Automated multi-entity management to support intercompany transactions, continuously consolidated financial and operational reports, centralized payables and receivables Advanced features including deferred revenue management, project accounting, multicurrency and global consolidations. Pre-configured integrations with other best-in-class applications such as Salesforce, AvidXchange, HR Solutions, Expense Report and countless others with hundreds of Marketplace Partners through modern APIs. Web-based access from any device

Question 6

What common accounting problems does Sage Intacct solve?

Accepted Answer

Over-reliance upon Excel spreadsheets for reporting and analytics Too much paper shuffling Too many emails  Inefficiencies in accounting department

Question 7

Which businesses should consider migrating to Sage Intacct?

Accepted Answer

Sage Intacct is ideal for many companies and certainly worth the exploration. This doesn’t mean that you have to migrate immediately, but it’s always strategic to understand your options, especially if one of more of the following is true of your organization Rapid growth: Happening now or anticipated in the next 12-18 months Multi-entity/location: Managing a complex organizational structure requiring consolidations, eliminations, inter-entity transactions, allocations, etc. Integration: Using one or more cloud solutions for lines of business that need to integrate to core finance Release management: Falling behind on enhancement releases and updates. Infrastructure: Struggling to manage servers, operating systems, security patches and protocols to protect against malicious hacker threats, backups and recovery, etc.

Question 8

What are the benefits of migrating from Sage 50 to Sage Intacct for my organization?

Accepted Answer

Our clients have consistently seen significant benefits in three areas Improved project reporting and visibility Real-time reporting and dashboards Automated business processes Streamlined integration Business intelligence/AI

Question 9

Why should I switch to cloud accounting with Sage Intacct?

Accepted Answer

The benefits of online financial software can transform your business. Sage Intacct offers a lower cost of ownership than legacy on-premises solutions. Sage Intacct delivers world-class security backups and disaster recovery, protecting your financial data at a much higher level and at a lower cost than if you did it yourself. Sage Intacct also delivers automatic quarterly software updates — no business disruption, no costly hardware upgrades and no additional service costs for your organization. You’ll always be on the latest release of the software.

Question 10

How does Baker Tilly assist with the migration from Sage 50 to Sage Intacct?

Accepted Answer

We understand that moving to a news solution is a lot of work. Baker Tilly is uniquely positioned to provide a smooth migration from Sage 50 to Sage Intacct. Baker Tilly has converted many clients to Sage Intacct through our proven customer success plan which includes implementation, data migration and training resulting in a successful project.

Question 11

Can I migrate all my Sage 50 data to Sage Intacct?

Accepted Answer

Baker Tilly has done many Sage 50 data migrations to Sage Intacct for our customers. Historical data migration usually consists of two years of data. Because Sage Intacct is purpose-built for the construction industry, it’s possible that “out-of-the-box” capabilities may negate the dependency of particular add-ons like MyAssistant and Office Connector.

Question 12

Are there any incentives for Sage 50 users to migrate to Sage Intacct?

Accepted Answer

Yes! Sage and Baker Tilly want to make sure you have the best solution and technology platform to operate your construction business effectively and profitably. There are customer loyalty incentives that reward your existing relationship with us.

Feature	Sage 50	Sage Intacct Construction
Platform	Network-based technology Manual backup, updates by client/IT resources Limited scalability and options	Multitenant cloud platform Resides on secure data center with SOC1 and SOC2 compliance Data automatically backed up regularly Automatic quarterly enhancements
Licensing	Traditional perpetual license Upfront cost	Annual subscription fee Subscription price includes software updates and hosting services
Payroll	Payroll application offered as standard module	Payroll application offered as standard module Integrates with many of the top payroll providers
Third-party applications	Limited partner integrations	200+ Sage Intacct Marketplace Partners
Reporting options	Report Writer Crystal Reports Limited visibility and customization	Interactive dashboards Interactive custom report writer APIs for third-party business intelligence tools Excel integration
Financial reporting	Basic reports through Financial Report Writer Limited financial insights	Interactive financial dashboards provide ultimate flexibility with the use of dimensions to combine or focus on business entities, job types, markets, etc. Built-in Excel integration
Customization	Limited ability to customize	Highly customizable workflows and fields
Subcontractor compliance	Feature set to record subcontractor agreements, subcontractor change orders, manage lien waivers, certificates of insurance and retention	Flexible and customizable subcontract agreement workflows with change management Smart Rules for monitoring vendor compliance
Retention tracking	Standard	Standard with increased workflow flexibility
AIA billing	Standard	AIA billing templates

Switching From Sage 50 to Sage Intacct Construction