Sage Intacct dimensionality replaces the old with the new to simplify the way businesses manage their general ledger. The days of having thousands of accounts to track different business segments (department, location, etc.) are over.
Sage Intacct has several native dimensions making it easy for you to streamline the general ledger and increase the trust and visibility of your company’s finances.
Simplify Your Accounts:
The dimensions within Sage Intacct simplify your company’s general ledger and allow you to easily tag transactions recorded within a primary account code.
For example, traditional systems would require 30 account code combinations to be able to track consulting fees across 3 locations and 10 departments. Sage Intacct keeps it simple by having a primary account code and transaction tagging with your location and department.
As your business changes, you can add on dimensions and tags, there is no need to create hard-coded account combinations to segment your business.
Tracking – How it Works:
Sage Intacct has innovated the way tracking can be done. Once a dimension is created you can use it for any transaction as well as operational data. This allows you to easily organize your data without hard coding the transactions to individual accounts. Filtering through data from an overview of the entire company to a specific segment has never been easier. A great example is a Country Club viewing the organization as a whole and filtering down to see activity by the type of membership (social, golf, etc.) as well as different areas such as the grill room or pool snack shack and bar. This can be done in just a few simple clicks within one system.
Streamlining Your Reports:
Using dimensions and “tagging” allows you to have a flexible financial foundation to view performance from any angle. With this level of visibility into the financial and operational data, decision makers can quickly access the data needed to make decisions in real-time. Sage Intacct made this easy by integrating dimensions into the user interface of their financial report writer.
A Sage Intacct customer was able to go from thousands of separate accounts to few hundred primary codes saving them more than 30 hours of manual work each month. To find out more about this transformation download the case study.
Sage Intacct’s Dimensions are one of their unique features that differentiates their ERP software from the competition. At rinehimerbaker we want to help you see how dimensions can transform your business. Fill out the form below to set up a call with one of our top accountants.