Sage Intacct – Cloud Solutions for Growing IT and Technology Services Companies
Growing IT and technology services businesses have specific accounting, billing and reporting requirements. The world of IT services has moved from on-premise, large contracts to more agile, cloud-based projects. More than ever, growing IT and technology services companies need to focus on a new set of metrics to ensure success:
Project efficiency
Customer Retention
Recurring income
Project profitability
Multiple different billing mechanisms and delivery models
CAC – client acquisition costs
Maintenance and support
Team efficiency
Want to know how IT ERP systems can benefit your IT Services and technology Services business? Get in touch with the Sage Intacct team at Leverage Technologies.
IT Services and technology companies looking to streamline operations and provide better financial data for improved decision making should consider Sage Intacct to help reduce financial complexity and to automate processes. As IT services companies grow, the level of financial complexity grows across multiple different companies and project types, an increased number of projects, timesheet complexity, management of team expenses allocated to projects, project accounting reporting requirements, complex billing models, recurring income analysis and revenue management from different revenue streams.
Making sure your IT services business can drive profitable growth relies on understanding all aspects of your financial data and being able to slice and dice information based on the unique financial requirements of your industry.
Strong general ledger with dimensional analysis
Sage Intacct offers outstanding general ledger and dimensional analysis to enable you to record transactions by cost centre, project, location, department and multiple other elements whilst simplifying your chart of accounts. Sage Intacct allows users to “tag” dimensions. Transactions from the general ledger, accounts payable, revenue, costs, accounts receivable and fixed assets can be tagged against a dimension to improve reporting and analytics. This allows for easy reporting by dimension. For example, report on all project revenue across NSW for a service type. This provides great analysis for your general managers and team members.
Data Analytics
Dashboards, KPIs and data analytics – anywhere, anytime, to help your team make the right decisions.
Project Accounting
Analyse your revenue and expenses by project. Report on project profitability and manage project related costs, resources and revenue to help you be more profitable.
Revenue Recognition
Revenue recognition is always a challenge for services companies. IT Services companies tend to have different revenue recognition criteria across recurring income and different project services billing types (milestone, do and charge etc.). Sage Intacct allows you to automate your revenue recognition and to automate the amortization of expenses across the correct financial periods.
Billing
Create better billing processes for recurring income and project-based billing.
Automation
Automate tasks to give your finance team time to focus on more strategic business outcomes.
Salesforce© integration
Sage Intacct provides integration to Salesforce© to further help streamline your information flow from CRM and contract management.
Multi-company
As your IT services business grows, you might add additional ABN’s / companies. Sage Intacct is beautifully designed with multi-company, inter-company and consolidations built into the structure of the Sage Intacct solution. Run multi-company configurations and consolidations with ease.
Enter your details here to download the Leverage Technologies “Project accounting software evaluation guide” e-book
Contract Revenue Management
Project accounting software evaluation guide
Enter your details here to download the Leverage Technologies “Contract Revenue Management” e-book
GET IN TOUCH
If you want to know more about Sage Intacct ERP for IT Services companies and Technology Services companies, please contact the Sage Intacct team at Leverage Technologies.