Sage Intacct vs Xero 2024

Comparison Report: Xero vs. Sage Intacct

May 13, 2024

For growing Australian SMBs with multi-entity structures, the choice of accounting software is crucial to managing increased complexity in financial operations. While Xero has been a robust tool for startups and smaller businesses, entities experiencing growth may find Sage Intacct a more scalable solution. With Xero’s increasing fees and limitations for many large SMB’s, It’s understandable to see why Australian businesses are making the move to a more sustainable software. If you’ve only just discovered Sage, you’re probably wondering what all the fuss is about and why Sage Intacct has been growing 40% YOY across the globe.

Feature Comparison

  1. Scalability and Multi-Entity Management
    • Xero: Primarily designed for small businesses, Xero offers basic features that cater to single-entity organizations or those with simpler structures. It provides essential functions such as invoicing, expense management, and payroll but lacks extensive features for handling complex multi-entity operations.
    • Sage Intacct: Sage Intacct excels in managing multiple entities under one consolidated system. It allows for real-time financial reporting across different entities without the need for third-party add-ons. Its robust architecture supports complex financial demands, making it ideal for businesses that are expanding and need to integrate new entities quickly.
  2. Customization and Integration
    • Xero: Offers integration with a variety of third-party apps, which can extend its functionality. However, its customization capabilities are limited, which might pose challenges as businesses grow and their needs become more specific.
    • Sage Intacct: Provides superior customization options. It integrates seamlessly with other enterprise management solutions like CRM systems, offering a comprehensive and customizable experience that can adapt to the specific needs of a growing business.
  3. Advanced Financial Reporting
    • Xero: Provides adequate reporting features for small businesses but may not offer the depth required by larger, more complex organizations.
    • Sage Intacct: Features advanced reporting capabilities that cater to detailed financial analysis. It supports custom report creation, complex financial consolidations, and provides insights that are crucial for strategic decision-making in multi-entity structures.
  4. Compliance and Financial Governance
    • Xero: Meets basic compliance standards applicable to small businesses but might lack in areas requiring detailed audit trails or specific industry compliance.
    • Sage Intacct: Designed with compliance in mind, it offers features such as a built-in audit trail, detailed financial controls, and adherence to various international accounting standards, making it suitable for businesses facing stricter regulatory requirements.

Case for Sage Intacct as a Business Growth Partner

Baille Lodges gained consolidation ease across their 7 global locations.

“We approached Forpoint for a financial solution that will enable us to move from individual databases to a unified solution that will enable us to be consolidated all of our companies as well as have multi-currency solutions.”

Baillie Lodges General Manager of Finance, Linda Smith, worked closely with Forpoint Solutions to unify individual databases in order to consolidate different companies and multi-currencies with Sage Intacct. After heavily researching the multiple software in the market that met their needs, it was Forpoint who was chosen to implement and work with Baille Lodges to achieve the optimal outcome.

For an Australian SMB that is expanding, transitioning from Xero to Sage Intacct could be seen as a strategic move to handle increased operational complexity and prepare for future growth. Sage Intacct’s ability to efficiently manage multiple entities, combined with its advanced reporting and compliance features, positions it as the smarter choice for businesses that need a scalable and robust financial management system.

As businesses evolve, the need for a comprehensive and scalable accounting solution becomes critical. Sage Intacct offers a breadth of features that can meet the demands of growing multi-entity businesses, making it a compelling upgrade from Xero for Australian SMBs looking to enhance their financial operations and governance.

 

Forpoint Solutions ebook download

You May Also Like…

Products                              Solutions

Sage Intacct                                                  Financial Management Systems

Planful                                                               Forecasting, Planning & Analysis

BlackLine                                                         Financial Close Process

Infor Sunsystems Cloud                         Accounts Receivable Automation

Workday Adaptive                                      Accounts Payable Automation

Zudello                                                             Expense Management

Webexpenses                                               HR & Payroll

Datablend

ELMO

 

Hear what our customers are saying and learn from their finance transformation experiences


total tools
customer success forpoint
spec savers

 

 

 

 


Baille Lodges                 Total Tools                      Specsavers