You know it’s time to explore an alternative to Sage Intacct when your finance team has an unhealthy dependence on spreadsheets to support financial processes and reporting. Manual data entry and re-entry take hours and errors can occur. Lack of visibility into business metrics inhibits decision-making, and the system runs oh-so-slow. Despite the obvious drawbacks, the anxiety of exploring an alternative to Sage Intacct and migrating to a cloud-based financial management system is all too real.
Similar to slipping on an old pair of jeans or favorite pair of shoes, using Sage Intacct can become second nature to teams who have used it for a while. Unfortunately, this familiarity may keep them stuck in Sage Intacct, even though problems like lack of real-time tracking and the constant need to perform manual consolidations indicate it’s time for a change. Workarounds in Excel may seem easier than switching to a completely new accounting platform.
As both your revenue and customer base grow, however, so do the complexities of your business, and the limitations of Sage Intacct are magnified. So, what can your organization do to ensure a successful migration to a cloud ERP financial management software, given all the anxieties and technical hurdles to overcome?
One of the most significant problems is moving data from Sage Intacct to your new solution. Brute-force techniques, Excel formulas, and other manual processes are commonly used to supplement Sage Intacct, creating a recipe for errors in data entry and categorization. Key items may be duplicated, incomplete, or incorrectly formatted. These inaccuracies can daunt even the most intrepid when attempting to transition to a cloud-based solution.
Thus, moving to a cloud financial management system might not produce the desired effects if your master data is corrupt and non-standardized before and after the migration. Dealing with the inconsistencies of such a Sage Intacct ledger can be tough, requiring a well-thought-out process. The goal is to standardize data, thoroughly test it, and then ultimately integrate it with your new system.
Unfortunately, cloud ERP vendors might not be able or willing to assist with data cleansing, i.e., the correction of mistakes and the overall standardization of your records. In addition, the solution itself may lack automatic cleanup functionality for data imported from Sage Intacct. And doing it yourself can be a nightmare, with tons of manual data entry and time-consuming tasks better left to data-cleansing experts.
A trusted cloud migration service like Averiware can ease your anxiety and help you plan out your migration, including what to do with your old Sage Intacct data and how everything will be integrated.
Is it necessary to go for a Sage Intacct alternative? It is always worth the time and effort to research whether there are better technology options available in the industry, especially when it’s as big of an investment as a cloud ERP system.
If you have been using Sage Intacct for a long time, and have created customizations, integrations, user exits, etc., then it is likely that migration is going to be complex. I would also venture to guess that you have had employee turnover in the past 10 years and have suffered from some erosion in your internal knowledge and subject matter expertise. These are all great reasons to take a hard look at another product, because, in a lot of cases, the cost is either the same or less to move to a different product that is a better fit.