Many organizations fall in love with Sage Intacct and all the ways it can benefit their business. But these same organizations often don’t realize the real potential of their Sage Intacct ERP - specifically its capabilities for financial planning and analysis (FP&A) when paired with the right Sage Intacct integration.
With a single Sage integration, you can benefit from faster, with more accuracy, and with the ability to generate greater insights that power data-driven business decisions.
The right Sage Intacct integration can be a massive net gain for your organization; one study found that every $1 invested into ERP projects created a $1.52 return, Organizations salivate over these types of returns, and if you’re using Sage Intacct without a proper FP&A solution, then you could be missing out on this opportunity.
How a Sage Integration for FP&A Creates So Much Value
We have the gaudy numbers - now it’s time to talk about how we get there.
A Sage Intacct integration for FP&A will help with:
- Automating data collection
- Leveraging cloud functionality (audit trails, single version updated with real-time data, easy to revert to earlier versions, etc.)
- Facilitating collaboration across departments
- Unlocking deeper insights
Below, we’ll go into greater detail on several of these benefits.
Automated Data Entry
The Sage accounting functionality naturally consolidates your organization's financial data. This makes it an ideal starting point for FP&A activities.
Too many medium-sized businesses continue to use Excel for budgeting, planning, and analysis (or another platform that isn’t integrated into your ERP). This necessarily involves hours of data transference from your ERP to your FP&A platform of choice.
Manual data entry is rote, analog, frustrating, inefficient, and saps your team’s time, preventing them from performing in-depth analysis leading to high-return insights into your financial data.
Worse yet, there’s a higher probability for error; one mistaken click or erroneously copied data set can lead to a chain of inaccuracies. When this happens, your team has to scour past reports to find the error, potentially draining away dozens of hours of productivity.
There’s no better way to waste your team’s time - and leave them feeling pissed off - than to make use of outdated FP&A tools that lead to headaches, mistakes, and time waste.
And every moment spent doing this mind-numbing, repetitive work, your team of expert financial analysts are preempted from developing effective strategies, forecasting, developing what-if scenario modeling, developing risk mitigation strategies, and performing other high-return financial planning and analysis services. Data integrity issues with legacy FP&A tools, in other words, can hamper the effectiveness and efficiency of your FP&A team.
With an FP&A software integration for Sage Intacct, however, your data will be pulled directly from your ERP, meaning no more room for errors. Best yet, your data will update in real time, ensuring you’re using the most accurate and relevant data available. Financial reporting software combined with your ERP can save your team hundreds of hours per year and allow them to put their expertise to much higher ROI use.
Integrated Cloud Functionality
A cloud-enabled FP&A integration has a full audit trail that clearly delineates every change, when it was made, and who made it. Many organizations opt for cloud-based ERPs precisely because of the collaborative functionality of the cloud. By pairing it with cloud FP&A software, you can ensure that all your financial planning and analysis activities are readily available online.
Unveiled Insights
Your financial numbers tell a story. But that story is often obscured by opaque and outdated systems that prevent your team from making high-value insights that could be significant ROI generators.
With FP&A software integrated into your Sage Intacct, your team will have access to real-time data that can then be leveraged to create sophisticated models that unlock deep value. For instance, you’ll be able to assess the value of increasing or decreasing a budget of a particular department and, based on past data and projections, determine where the highest-yield investment is. Making data-driven decisions using this information during resource planning and allocation can potentially be a primary driver of growth at your organization.
FP&A tools in your Sage Intacct integration allows these numbers to tell their stories louder and clearer. And with additional functionality like what-if scenario planning, you’ll allow the numbers to begin telling a whole set of stories your organization was formerly deaf to.
Simplified Implementation
One of the biggest roadblocks to adoption of new technology among organizations is that they fear that integration will be a costly, time-consuming affair. Worse yet, it may upset processes currently in place that work.
For some integrations that is certainly the case - but not with the top FP&A Sage integration.
These Sage Intacct integrations are built from the ground up to seamlessly fit into your ERP, enabling easy management and doing away with any complexity that can taint new technology adoption. And the best Sage integrations are designed with your current system in mind, often mirroring Excel in look and feel, but with a whole host of superior features and capabilities that make Excel frankly pedestrian in comparison.
Choose Limelight Cloud FP&A Software as Your Sage Intacct Planning and Budgeting Solution
Get the most out of your Sage Intacct planning, budgeting, and forecasting from Limelight Cloud FP&A Software.
Leverage industry-specific support with your FP&A while using real-time data pulled from your ERP.
We are a Sage Intacct integration that can:
- Reduce budgeting time by 75%
- Draw data directly from your ERP in real time
- Present in-depth audit trails to ensure data integrity
- Uncover $100,000s in hidden costs, leading to massive savings
- Support planning activities like risk mitigation and what-if scenario modeling
- Interrogate data to reveal rich insights that in turn can inform business critical decisions
Get a free demo and see a single integration you can unlock the full potential of your Sage Intacct.