Maximize Your Financial Potential with Sage Intacct's Multi-Entity Consolidation
Bring it all together - Manage multiple entities with one log-in
Managing financial information across multiple construction projects can be a challenge, but it doesn’t have to be. With Sage Intacct’s multi-entity consolidation capabilities, construction companies can streamline their financial processes and gain a comprehensive understanding of their financial data. In this blog, we will explore how Sage Intacct can help construction companies take control of their finances.
What are multi-entity capabilities?
Sage Intacct’s multi-entity capabilities allow organizations to manage and consolidate financial information across multiple subsidiary companies, divisions, or locations. This means that each entity can maintain its own financial records and transactions, while still allowing for consolidated reporting and analysis across all entities.
What are multi-entity capabilities?
Sage Intacct’s multi-entity capabilities allow organizations to manage and consolidate financial information across multiple subsidiary companies, divisions, or locations. This means that each entity can maintain its own financial records and transactions, while still allowing for consolidated reporting and analysis across all entities.
What are the benefits of Sage Intacct's multi-entity feature?
Improved financial visibility: By having all financial information in one centralized system, construction companies can gain a more complete and accurate view of their financial data. This enables them to make more informed business decisions and minimize the risk of financial errors.
Streamlined consolidation process: Sage Intacct’s multi-entity capabilities simplify the consolidation process, making it faster and more efficient. This eliminates the need for manual reconciliation and eliminates the risk of errors that can result from manual processes.
Increased flexibility: Construction companies can easily adapt to changes in their business structure, such as new entities or changes in ownership, by adding or removing entities in the system. This flexibility helps companies stay ahead of the curve and remain competitive.
Enhanced intercompany transactions: Sage Intacct’s intercompany translation capabilities make it easier for construction companies to manage transactions between different entities. This helps to ensure that financial information is accurately reflected in each entity’s books, improving financial accuracy and transparency.
Improved reporting and analysis: Sage Intacct’s multi-entity capabilities include a range of reporting and analysis tools that allow construction companies to gain insights into their financial data. This information can be used to improve decision making, manage risk, and identify opportunities for growth.
In summary, Sage Intacct’s multi-entity consolidation is a must-have for any construction company looking to streamline their financial processes and gain a comprehensive understanding of their financial data. With its centralized approach, flexible intercompany transaction capabilities, and powerful reporting and analysis tools, Sage Intacct empowers construction companies to make informed decisions, minimize the risk of errors, and stay ahead in today’s competitive business environment.
Make the Switch to Sage Intacct and Get Total Control of Your Project Financial Management
When you make the switch to Sage Intacct, you can expect to cut your close time in half each month. Finance teams typically see a productivity boost of 40 percent or more. And with Sockeye support, you’ll always have a trusted partner by your side making sure your software is helping you stay proactive and maximize your profitability.
Contact us for a one-on-one personalized demo today.