Access to information is the key to creating an equitable and progressive society. Something similar can be said about it in the business world. We all know that accessing the right data or information exactly when it’s needed lets organizations make real-time decisions, and drives growth and strategy. That said, tracking the right information means sifting through a LOT of unnecessary noise, and then the data needs to be organized in such a way that it drives performance and makes sense to you and your staff. This is where having easy-to-build, unique, drillable reports and dashboards can make all the difference. A lot of solutions talk about dashboards though, so how does Sage Intacct provide something that is better than what others claim to offer?
Flexible Dimensions
How exactly does Sage Intacct provide better information accessibility? Well, one way is through built-in, flexible multi-dimensions. In simple terms, a dimension is a tool to classify information so it can be organized, sorted, labeled, and tagged logically. With dimensions, you’re better equipped to slice and dice the data and compile reports on valuable insights specific to your area. For a business that has different service programmes, multiple product lines, entities, and customers, this is the ultimate game-changer. Streamlined charts of accounts, improved real-time reporting on financial data, and increased operational efficiency are just some of the ways dimensions give you a new way to drive business performance.
44% of organizations say their ERP software is inflexible and are exploring options for extending it with a new system. For example, with other inflexible ERP systems, your chart of accounts is usually hard coded into the software. This makes organizing your financial transactions incredibly complicated and unmanageable, especially as your business evolves and grows. Organizational agility is essential, especially after what we saw in early 2020. Sage Intacct with adaptable dimensions because they are not hard coded. You can feel better knowing that as your business changes, your system’s accounting processes can change too.
Custom Dashboards
82% of UK CIOs list customization as one of the top 5 key actions most crucial in future ERP evolutions. Humans are visual creatures, that’s why custom dashboards drive efficiency and productivity. Sage Intacct’s reporting levels provide a high level of operational visibility and let users create personalized custom dashboards specific to their own preferences. They can see at a glance, all on one screen the KPIs that matter most to them. People across all departments of an organization can easily customize their own individual dashboard so it gives them the pertinent information they need to do their job efficiently. Sage Intacct’s dashboards, along with the dimensions mentioned earlier, allow you to filter and then drill down into the nuts and bolts, so you can dig for answers that might not be obvious on the surface.
Additionally, Sage Intacct’s dashboards show you a full and accurate 360-degree view of the health of your business. This would be a particular interesting feature for a CEO or executive level staff. We understand that managing an entire organization is tough. Our entire team are accountants, so numbers are our thing, but if that’s not your happy place, then there can be so many different numbers and stats that it can be hard to know where to look or understand what you’re looking at. Sage Intacct’s personalized dashboards can make your life easier, so you can view your most important data all on one screen and quickly know if you’re hitting your targets and goals on time.
Tailored Reporting
Tailored reporting can also be used to drive performance and monitor real-time results. Sage Intacct gives users the ability to run reports for various metrics as they pertain to their specific job or role. You do not need the CFO to be worried about the specific composition of accounts receivable, and you definitely don’t need to burden an accounts payable clerk about the overall profit and loss of the company.
Mike Johnston of Forbes Andersen Technology, puts it best: “Sage Intacct allows a user to home in on the performance metrics specific to their role and focus on what will help them, and the company, achieve their goals and objectives.” Simplify and streamline the data analysis process by tailoring reports and getting the right information to the right people. Doing this is fundamental to identifying issues or trends as soon as they pop up so you can make time-critical, actionable decisions and react to new opportunities immediately.
The benefits are endless when it comes to Sage Intacct’s reporting levels and dashboard capabilities. You can accurately track and measure your targets and goals in real-time to drive performance and growth in your company. Our accounting & technology experts are happy to help you explore how Sage Intacct can improve your company’s visibility and insight.
