Sage Intacct for Financial Services: Features, Benefits & Costs

Sage Intacct for Financial Services

Sage Intacct is a cloud-native (SaaS) ERP solution from Sage that provides financial services companies with the tools they need to streamline operations, improve efficiency, and drive growth. With capabilities spanning General Ledger, Accounts Payable, Accounts Receivable, Cash Management, and more, Sage Intacct addresses the unique challenges facing today's financial services organizations.

Financial Services companies face increasing pressure around regulatory compliance and reporting requirements, risk management and fraud prevention, digital transformation and fintech competition. Sage Intacct provides purpose-built functionality to help organizations overcome these challenges while maintaining compliance with standards such as SOX, Basel III, Dodd-Frank.

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Key Features and Modules for Financial Services

Sage Intacct offers a comprehensive set of features tailored for financial services operations:

1. General ledger: Sage Intacct provides robust general ledger capabilities that help financial services organizations manage their general ledger processes more effectively, with real-time visibility and automation to reduce manual effort.

2. Regulatory reporting: Sage Intacct provides robust regulatory reporting capabilities that help financial services organizations manage their regulatory reporting processes more effectively, with real-time visibility and automation to reduce manual effort.

3. Risk management: Sage Intacct provides robust risk management capabilities that help financial services organizations manage their risk management processes more effectively, with real-time visibility and automation to reduce manual effort.

4. Multi-entity consolidation: Sage Intacct provides robust multi-entity consolidation capabilities that help financial services organizations manage their multi-entity consolidation processes more effectively, with real-time visibility and automation to reduce manual effort.

5. Compliance management: Sage Intacct provides robust compliance management capabilities that help financial services organizations manage their compliance management processes more effectively, with real-time visibility and automation to reduce manual effort.

Beyond these core modules, Sage Intacct offers best-in-class financial management and accounting, multi-entity and multi-dimensional reporting, and AICPA preferred financial solution to provide a complete solution for financial services businesses.

Benefits for Financial Services Companies

Implementing Sage Intacct can deliver significant benefits for financial services organizations:

1. Automated regulatory compliance and reporting: Sage Intacct's integrated platform ensures that financial services companies can achieve automated regulatory compliance and reporting, reducing inefficiencies and improving overall performance.

2. Multi-entity consolidation with real-time visibility: Sage Intacct's integrated platform ensures that financial services companies can achieve multi-entity consolidation with real-time visibility, reducing inefficiencies and improving overall performance.

3. Integrated risk management and audit trails: Sage Intacct's integrated platform ensures that financial services companies can achieve integrated risk management and audit trails, reducing inefficiencies and improving overall performance.

4. Streamlined financial close processes: Sage Intacct's integrated platform ensures that financial services companies can achieve streamlined financial close processes, reducing inefficiencies and improving overall performance.

5. Robust data security and access controls: Sage Intacct's integrated platform ensures that financial services companies can achieve robust data security and access controls, reducing inefficiencies and improving overall performance.

Ready to evaluate Sage Intacct for your financial services business? Get a personalized pricing estimate based on your specific requirements, or connect with a certified implementation partner who specializes in financial services.

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Implementation Considerations

When implementing Sage Intacct for a financial services organization, there are several important factors to consider:

• Timeline: A typical Sage Intacct implementation for financial services companies takes 3–12 months, depending on the scope of modules deployed and degree of customization required.

• Data migration: Financial Services organizations often have complex data structures spanning general ledger, regulatory reporting, risk management that must be carefully mapped and migrated to Sage Intacct.

• Regulatory compliance: With financial services regulations including SOX and Basel III, the implementation must ensure all compliance requirements are configured from day one.

• Change management: Training and change management are critical for adoption. Sage Intacct's modern interface and guided workflows can help ease the transition for end users.

• Integration requirements: Most financial services companies need Sage Intacct to integrate with existing systems. Sage Intacct supports this through open APIs and pre-built connectors, though integration complexity should be scoped early.

Pricing and Cost Considerations

Sage Intacct pricing for financial services companies requires custom quote, typically starting around $15,000–$35,000/year. The total cost of ownership depends on:

• User count and licensing: $400–$1,000+/user/month depending on modules
• Modules selected: Financial Services-specific modules such as general ledger, regulatory reporting, risk management may require additional licensing
• Implementation services: Professional services for configuration, customization, data migration, and training
• Ongoing costs: Annual maintenance, support, and cloud hosting fees

For a detailed cost estimate tailored to your financial services requirements, get a custom Sage Intacct pricing quote.

Why Choose Sage Intacct for Financial Services?

Sage Intacct stands out as a strong ERP solution for financial services companies for several key reasons:

• Best-in-class financial management and accounting helps financial services organizations gain a competitive edge
• Multi-entity and multi-dimensional reporting ensures smooth end-to-end operations
• Strong audit trail and compliance tools supports growth and geographic expansion
• Industry-specific functionality for general ledger, regulatory reporting, risk management addresses the unique needs of financial services businesses
• Compliance with SOX and Basel III is built into the platform

Get Started with Sage Intacct for Financial Services

Ready to move forward? Here are your recommended next steps:

• Get Sage Intacct Pricing — Receive a personalized cost estimate based on your financial services requirements
• Find a Certified Partner — Connect with Sage Intacct implementation partners who specialize in financial services
• Compare Sage Intacct — See how Sage Intacct compares to other ERP solutions for financial services
• Define Your ERP Requirements — Use our free tool to build your financial services ERP requirements checklist

Frequently Asked Questions

What is Sage Intacct for Financial Services?

Sage Intacct for Financial Services is a cloud-native (SaaS) ERP solution designed to help financial services organizations manage their core business processes including general ledger, regulatory reporting, risk management, multi-entity consolidation. It is developed by Sage and is widely used by financial services companies ranging from mid-size businesses to large enterprises.

How much does Sage Intacct cost for financial services companies?

Sage Intacct pricing for financial services organizations requires custom quote, typically starting around $15,000–$35,000/year. Total cost depends on the number of users, modules selected (such as general ledger and regulatory reporting), and implementation requirements. Get a personalized Sage Intacct quote for your financial services organization.

How long does it take to implement Sage Intacct in a financial services organization?

Implementation timelines for Sage Intacct in financial services typically range from 3 to 12 months, depending on the complexity of operations, number of modules, and extent of customization required. A phased approach is often recommended to reduce risk and accelerate time to value. Find an implementation partner to help plan your rollout.

Does Sage Intacct support SOX compliance?

Yes, Sage Intacct includes features and configurations that support compliance with SOX, Basel III, Dodd-Frank. The platform provides audit trails, reporting tools, and process controls that help financial services organizations meet their regulatory obligations. Implementation partners can further customize compliance workflows to match specific requirements.

Can Sage Intacct integrate with other financial services systems?

Sage Intacct offers robust integration capabilities through APIs, middleware, and pre-built connectors that enable connectivity with other financial services systems including specialized general ledger software, risk management platforms, and third-party applications. This ensures financial services companies can maintain a connected technology ecosystem.

What are the main benefits of Sage Intacct for financial services companies?

The primary benefits of Sage Intacct for financial services companies include automated regulatory compliance and reporting, multi-entity consolidation with real-time visibility, and integrated risk management and audit trails. The platform also provides best-in-class financial management and accounting and multi-entity and multi-dimensional reporting to help financial services organizations improve operational efficiency and drive growth.