The Top 4 Benefits of Using Sage Intacct Contract Functionality to Tackle Those Complex Contracts

We get it. You’re struggling with managing your complex customer contracts and revenue accounting. And let’s face it your current ERP system isn’t cutting it anymore. With Sage Intacct you can easily automate subscription management and complex revenue accounting, while reporting deep insights into financial and operational outcomes. Check out the top 4 benefits of using Sage Intacct Contract functionality to tackle those complex contracts:

1. Automate day-to-day revenue tasks and regulatory compliance

Templates and schedules in Sage Intacct mean you can automatically recognize revenue according to accounting standards. Sage Intacct lets you recognize revenue and amortizes expenses, even as subscriptions and contracts change. Dual treatment of contracts according to both ASC 605 and ASC 606 provides you with immediate visibility into how the upcoming guideline changes affect your financials.

2. Automate your most important process—turning orders into cash

Sage Intacct’s recurring revenue management software lets you integrate with Salesforce for a seamless, bi-directional flow of order, customer, and contract data to save time and reduce errors from manual processes. You can streamline subscriptions and recurring revenue recognition with real-time updates to accounting and billing for discounts, usage, renewals, upgrades, cancellations, and other changes.

3. Deliver relevant insights to all stakeholders

Individually customized dashboards and reports provide your stakeholders deep, actionable views into revenue value and profitability by contract, products, divisions, and more. Sage Intacct’s reporting helps you gain insight into every stage of the contract lifecycle: order, fulfillment of performance obligations, revenue recognition, billing, and collection, to deliver quick answers to customers and managers.

4. Out-of-the box functionality

Enjoy out-of-the-box functionality that reduces your dependence on IT resources. You can handle revenue management requirements with configuration, not scripting. Structure your workflows to capture and edit contracts natively in Salesforce without additional integration software.

Are you interested in learning more about how Sage Intacct’s contract functionality can help you? One of Roghnu’s FIVE certified Sage Intacct Implantation Specialist are happy to answer your questions! Give us a call at 844.764.4681 or email at info@roghnu.com and let’s get started today!