Sockeye + Sage Intacct enables construction companies to become proactive business leaders with total control over every aspect of project financial management.

THE TOP TWO REASONS TO TRANSITION TO CLOUD ACCOUNTING:

NATIVE CLOUD TECHNOLOGY

Provide unlimited access from anywhere.

There’s no reliance on on-premise servers or infrastructure, no need to maintain networks/IT staff, and no more issues when trying to remotely access the system using hardware that could potentially lead to issues.

CONNECTED DATA

Do away with the version control headache.

Year-end updates and version control issues are a concern that is nonexistent when your entire team is working off a web-based version of your financials.

Frequently asked questions

Before purchasing new accounting software, you want to feel confident in your investment. Here’s a list of commonly asked questions:

What are the key differences between Sage 50 and Sage Intacct accounting software?

  • Scalability and User Count: Sage 50 supports only up to 20 users, while Sage Intacct offers virtually unlimited scalability through cloud-based architecture.
  • Transaction Volume and Performance: Sage 50's transaction volume is limited to 1,000,000, causing performance issues, while Sage Intacct offers unlimited scalability for transactions.
  • Automation and Efficiency: Sage 50 relies on manual processes, while Sage Intacct offers AI-powered automation to reduce manual tasks and enhance efficiency.
  • Customization and Modernity: Sage 50's legacy architecture limits customization, whereas Sage Intacct's cloud-native platform allows flexible customization through APIs.
  • Industry-specific Features: Sage Intacct includes features tailored for sectors like finance, healthcare, and nonprofits, offering specialized solutions beyond basic SMB needs.

How long does it take to switch from Sage 50 to Sage Intacct?

At Sockeye, our Sage Intacct experts will cover everything you need to get your team set up for success with your new financial system. With our proven methodology and repeatable process, you can be up and running between three and six months.

Is switching to Sage Intacct the right decision for my company?

Sage Intacct is recognized as for financial leadership. It is the only preferred provider of the AICPA, the World’s largest membership association for CPA’s which sets the standard for the accounting profession. We are the only vendor to have earned this endorsement.

What’s happening with accounting software in the construction industry?

Construction companies are increasingly choosing cloud solutions, which are quite mature and offer superior features to on-premises solutions. In addition, cloud solutions offer an enhanced user experience, intuitive reporting and analytics, streamlined integration, and access from anywhere on any device with just an Internet connection.

Sage has invested heavily in Sage Intacct as part of its “Sage Business Cloud” initiative. Their acquisition of Intacct in August 2017 was a central part of their strategy for growing business.

How does Sage Intacct compare to Sage 50 for accounting needs?

Sage Intacct has many of the same features as Sage 50 along with additional capabilities like:

  • Deep financial and operational insight with unlimited data dimensions
  • Real-time reporting, dashboards, and KPIs
  • Automated multi-entity management to support intercompany transactions, continuously consolidated financial and operational reports, centralized payables and receivables
  • Advanced features including deferred revenue management, project accounting, multi-currency and global consolidations.
  • Pre-configured integrations with other best-in-class applications such as Salesforce,  AvidXchange, HR Solutions, Expense Report and countless others with hundreds of Marketplace Partners through modern Application Programming Interfaces (API’s).
  • Web-based access from any device

What common accounting problems does Sage Intacct solve?

  • Over-reliance upon Excel spreadsheets for reporting and analytics

  • Too much paper shuffling

  • Too many emails 

  • Inefficiencies in accounting department

Which businesses should consider migrating to Sage Intacct?

Sage Intacct is ideal for many companies and certainly worth the exploration. This doesn’t mean that you have to migrate immediately, but it’s always strategic to understand your options, especially if one of more of the following is true of your organization:

  • Rapid growth: Happening now or anticipated in the next 12 – 18 months
  • Multi-Entity / Location: Managing a complex organizational structure requiring consolidations, eliminations, inter-entity transactions, allocations, etc.
  • Integration: Using one or more cloud solutions for lines of business that need to integrate to core finance
  • Release Management: Falling behind on enhancement releases and updates.
  • Infrastructure: Struggling to manage servers, operating systems, security patches and protocols to protect against malicious hacker threats, backups and recovery, etc.

What are the benefits of migrating from Sage 50 to Sage Intacct for my organization?

Our clients have consistently seen significant benefits in three areas:

  •  Improved project reporting and visibility

  • Real-time reporting and dashboards

  • Automated business processes

  • Streamlined integration

  • Business intelligence / AI

Why should I switch to cloud accounting with Sage Intacct?

The benefits of online financial software can transform your business. Sage Intacct offers a lower cost of ownership than legacy on-premises solutions. Sage Intacct delivers world-class security backups, and disaster recovery, protecting your financial data at a much higher level and at a lower cost than if you did it yourself.

Sage Intacct also delivers automatic quarterly software updates —no business disruption, no costly hardware upgrades and no additional service costs for your organization. You’ll always be on the latest release of the software.

How does Sockeye assist with the migration from Sage 50 to Sage Intacct?

We understand that moving to a news solution is a lot of work. Sockeye is uniquely positioned to provide a smooth migration from Sage 50 to Sage Intacct.

Sockeye has converted many clients to Sage Intacct through our proven Customer Success Plan which includes implementation, data migration, and training resulting in a successful project.

Can I migrate all my Sage 50 data to Sage Intacct?

Sockeye has done many Sage 50 data migrations to Sage Intacct for our customers. Historical data migration usually consists of 2 years of data.

Because Sage Intacct is purpose-built for the construction industry, it’s possible that “out-of-the-box” capabilities may negate the dependency of particular add-ons like MyAssistant and Office Connector.

Are there any incentives for Sage 50 users to migrate to Sage Intacct?

Yes! Sage and Sockeye want to make sure you have the best solution and technology platform to operate your construction business effectively and profitably. There are customer loyalty incentives that reward your existing relationship with us.

SAGE 50 VS Sage INTACCT

PLATFORM

Network-based technology


Manual backup, updates by client/IT resources


Limited scalability and options


Multi-tenant cloud platform


Resides on secure data center with SOC1 and SOC2 compliance



Data automatically backed up regularly


Automatic quarterly enhancements


LICENSING

Traditional perpetual license


Upfront cost


Annual subscription fee


Subscription price includes software updates and hosting services


PAYROLL

Payroll application offered as standard module


Payroll application offered as standard module


Integrates with many of the top payroll providers


3RD PARTY
APPLICATIONS

Limited partner integrations


200+ Sage Intacct Marketplace Partners


REPORTING
OPTIONS

Report Writer


Crystal Reports


Limited visibility and customization


Interactive Dashboards


Interactive Custom Report Writer


API’s for third-party business intelligence tools


Excel Integration


FINANCIAL
REPORTING

Basic reports through Financial Report Writer


Limited financial insights


Interactive financial dashboards provide ultimate flexibility with the use of dimensions to combine or focus on business entities, job types, markets, etc.


Built-in Excel integration


Customization

Limited ability to customize


Highly customizable workflows and fields


SUBCONTRACOR
COMPLIANCE

Feature set to record subcontractor agreements, subcontractor change orders, manage lien waivers, certificates of insurance and retention


Flexible and customizable subcontract agreement workflows with change management


Smart Rules for monitoring vendor compliance


RETENTION
TRACKING

Standard


Standard with increased workflow flexibility


AIA BILLING

Standard


AIA billing templates


Sage 50 to Intacct

download Our comparison chart

Sage 50  vs. Sage Intacct

Take an in -depth look at the two software features head to head, and decide for yourself which Sage product is best for your construction business.

A Modern Cloud Financial Solution 

  • Native-cloud accounting on a true cloud technology platform
  • Best in class platform with open API’s to integrate with other industry leading  solutions
  • Realize savings with lower IT and Admin costs when you move to the cloud
  • Modern, State of the Art Cloud Solution
  • Thoughtfully Designed and Highly Customizable
  • Real-Time Visibility through Interactive Dashboards
  • Provide all stakeholders a single source of the truth.
  • Software that is very intuitive and easy to Use

Recognized for Finance Leadership by Experts

  • Rock solid financial core
  • Intacct is the only preferred provider of the AICPA, the World’s largest membership association for CPA’s which sets the standard for the accounting profession. We are the only vendor to have earned this endorsement

Advantages over Sage 50

  • Deep industry functionality to reduce work arounds and save you time
  • Improved workflows over the way you do things in Sage 50 today
  • Improved efficiency with automated AP/AR processes providing 20-40% efficiency gains
  • Built in business intelligence with predictive analytics
  • Reducing average month end close by 25-50%
  • Enabled the finance team to increase time spent on analysis and business strategy from 25% to 75%
  • Continuous consolidation of multiple locations and entities
  • In addition to existing Sage 50 partners there are 10X the amount of Integration partners than we have with 50 today
  • In addition to Sage Intacct Payroll, you can easily connect to outsourced Payroll providers
  • Multi-Currency
  • Integrations with industry leading CRM platforms
  • Options to choose outsourced providers for HR
  • No more relying on imports, exports, or sync buttons
  • MyAssistant, Office Connector and Create-A-Check are all great products, but are not required with Sage Intacct as this functionality is native in the software
  • No more going to lunch while waiting for reports to process.
  • Automatically create retention invoices

Migrating From Sage 50 to Sage Intacct

We’ve made the migration process from Sage 50 to Sage Intacct seamless and efficient through our innovative Foundation Program. Key benefits of the program include:

Rapid Implementation: Get up and running with Sage Intacct in less than half the time, leveraging years of industry expertise.

Balanced Customization: The Foundations Program strikes the perfect balance between standardization and essential customization, ensuring your unique business needs are met.

Pre-Built Solutions: Access a suite of ready-to-deploy solutions tailored to streamline your financial management processes.

Expert Support: Receive ongoing support from our team of experts throughout the migration process, ensuring a smooth transition.

Proactive Updates: Benefit from a proactive update mechanism that keeps your software current without requiring additional effort.

Our Foundation Program minimizes risk and maximizes ROI, allowing you to implement Sage Intacct quickly and effectively as you transition from Sage 50.

Iconic Case Study PDF image

case study

Iconic Power Systems, a prominent Canadian utility construction contractor, recently upgraded from Sage 50 to Sage Intacct Construction Cloud Accounting. Making the switch not only addressed the limitations Iconic faced with their previous system but also propelled them towards greater operational efficiency and scalability.

sockeye + sage intacct construction

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.

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