MUFI Rating & Risk – Intacct

This is one of the only independent ratings available on Intacct. 

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Enterprise Software TCO Calculator – Intacct

How it Works

Fill out the form below for a your customized TCO calculation, as well as each of the supporting cost components that make up the TCO. The form does not have a “beginning or end.” The form is constantly calculating, so feel free to make constant changes and the application will auto-adjust.

Details

  • Vendor Name: Intacct Corporation (See for Vendor Rating)
  • Software Category: Financial and Accounting
  • Company Headquarters: 150 Almaden Boulevard, Suite 1500, San Jose, CA 95113
  • Site: http://www.intacct.com
  • Contact number 408.878.0900
  • Delivery Mechanism: SaaS

Finished With Your Analysis?

Once complete, goto this link to see other analytical products for Intacct.

Project Planning Package – Intacct

How it Works

Fill out the form below for your project planning estimate. The form does not have a “beginning or end.” The form is constantly calculating, so feel free to make constant changes and the application will auto-adjust.

Details

  • Vendor Name: Intacct Corporation (See for Vendor Rating)
  • Software Category: Financial and Accounting
  • Company Headquarters: 150 Almaden Boulevard, Suite 1500, San Jose, CA 95113
  • Site: http://www.intacct.com
  • Contact number 408.878.0900
  • Delivery Mechanism: SaaS

Finished With Your Analysis?

Once complete, go to this link to see other analytical products for Intacct.

References

Risk Book

Software RiskRethinking Enterprise Software Risk: Controlling the Main Risk Factors on IT Projects

Better Managing Software Risk

The software implementation is risky business and success is not a certainty. But you can reduce risk with the strategies in this book. Undertaking software selection and implementation without approximating the project’s risk is a poor way to make decisions about either projects or software. But that’s the way many companies do business, even though 50 percent of IT implementations are deemed failures.

Finding What Works and What Doesn’t

In this book, you will review the strategies commonly used by most companies for mitigating software project risk–and learn why these plans don’t work–and then acquire practical and realistic strategies that will help you to maximize success on your software implementation.

Chapters

Chapter 1: Introduction
Chapter 2: Enterprise Software Risk Management
Chapter 3: The Basics of Enterprise Software Risk Management
Chapter 4: Understanding the Enterprise Software Market
Chapter 5: Software Sell-ability versus Implementability
Chapter 6: Selecting the Right IT Consultant
Chapter 7: How to Use the Reports of Analysts Like Gartner
Chapter 8: How to Interpret Vendor-Provided Information to Reduce Project Risk
Chapter 9: Evaluating Implementation Preparedness
Chapter 10: Using TCO for Decision Making
Chapter 11: The Software Decisions’ Risk Component Model

Honest Vendor Ratings – Intacct

Introduction

Intacct is following a very specific cloud-based approach to financial software. The companies that use cloud-based financial software often would not consider doing back to on-premises financial solutions. This a major competitive advantage for companies that have this and most companies that purchase financial software do not grasp the benefits of being able to decentralize financial information. Companies that use Intacct report far better financial transparency and far more efficient operations.

Quality of Information Provided

Intacct provides good quality information thought is publications and during the sales process.

Consulting and Support

As a company, Intacct has one of the best reputations of companies that we cover for customer satisfaction and the ability to execute on promises made during the sales process. We rate their consulting and support as excellent.

Internal Efficiency

It is difficult to find previous or current employees who will say anything bad about the company – in fact, the reviews about Intacct are almost unbelievably good. If only Intacct’s management style and philosophy could be grafted onto other software companies the enterprise software space would be a much more civilized and sustainable environment. This means that implementation and support should be on the upper end of the spectrum, and in fact, their customer feedback confirms this. Not surprisingly, Intacct has chosen high-quality growth, has developed their product from the ground up, and has not involved itself in mergers or acquisitions.

Innovation

Currently, only 4 software vendors rate a perfect 10 in innovation, and Intacct is one of the four.

Vendor Scores

Unfortunate Acquisition

Intacct was unfortunately acquired by the low-quality software vendor Sage. This can only be interpreted as a negative for Intacct. We predict that Intacct’s innovation will decline because of Sage.

Software Category Analysis – Financial and Accounting

Introduction

Something very interesting is happening in the space for stand-alone financial systems. And that is that even the largest buyers now have superior solutions available to them outside of ERP system financials. This is a fact, but is still little known among enterprise software buyers, most who still adhere to the incorrect notion that ERP systems offer the best financial and accounting functionality.

Quickbooks was the originator of the stand alone financial system, and has been fabulously successful, and has a very high client satisfaction level. Many people do not know that Quickbooks runs quite a few companies of surprising size that have essentially outgrown Quickbooks – because they started with the application before they began to grow, and never switched to a new financial/accounting system. However, other more heavy-duty stand-alone financial systems have risen to prominence. These application integrate very easy to supply chain and CRM systems, and have the potential to change the game in the ERP space.

A New Better Era For Financial and Accounting Applications

The applications profiled in this section have a level of user satisfaction, and a level of usability that ERP systems cannot match. Furthermore, the discrepancy is quite large and is widening because the stand along financial software vendors are innovators, while most ERP vendors are not. Secondly, some of these financial software vendors are quite new – which means they have exceeded the financial systems in ERP systems in a very short period of time. If the difference is already so great, our prediction is that it will only continue to grow.

Some of these new stand alone financial application are doing things that the financial systems in ERP suites never thought to do, and are allowing the buyers that use them to actually be better managed. For instance, the statistics on everything from how quickly money is collected, to revenue recognition to how sales is tracked is better in these applications than in ERP systems. The major consulting companies have been giving the advice to their clients that implementing an ERP system are the best route to better financial performance. However, the research into ERP system implementations over a period of three decades has proven this to be untrue. The question for the present and which will only increase in the future, is how much do companies intend to accept their performance to be reduced by continuing to use ERP based financial system?

Another major benefit of this category of applications is that none of the major consulting companies have consulting divisions that focus on implementing them. These companies do not get their sales leads from major consulting companies – which means the cost of implementation is far lower and the likelihood of project success is substantially higher than if a major consulting company is involved in the implementation. This is shown in our TCO estimation when one compares stand along financial applications to ERP applications.

Strong Innovation

Financial Force and Intacct are software vendors to keep one’s eye on. In addition to its leading financial application, Financial Force has introduced a very nice application, which is essentially a complete solution for consulting management called Professional Services Automation.

Professional Service AutomationThis application leverages Financial Force’s financial functionality by planning items like bill-ability, consulting revenues – in fact all the requirements to manage a consulting entity in one application.

Software Category Summary

The stand-alone financial application category has at least three excellent choices for small, medium and large buyers. While there is no research on the financial returns of these applications, they are so superior to what is currently used, that is ERP financial modules, that the likelihood of a strong ROI is properly implemented is quite high. The news on these applications is slow to get out, because buyers will not hear about them from their consulting company. However, once a detailed comparison is performed for what they can do, they become easy decisions.

MUFI Rating & Risk

See the MUFI Ratings & Risk below for each application in the Finance & Accounting software category.

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