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Sage Intacct

October 21, 2023

Sage Intacct, Inc is an American provider of cloud-based Financial management and services available in five regions around the globe – including the United States, Canada, the UK, Australia, and South Africa.[1][2][3] Its products offer cloud-based accounting applications that enable business payments, manage and pay bills, and facilitate payroll functions.[4][5]

Sage Intacct, Inc
FormerlyIntacct Corporation
TypeSubsidiary
IndustrySoftware
Founded1999; 24 years ago (1999)
Founder
HeadquartersSan Jose, California
ProductsAccounting software
Number of employees
500
ParentSage Group
Websitewww.sageintacct.com

The company was founded in 1999 and it was acquired by The Sage Group PLC for $850 million in 2017.[6]

History Edit

Intacct was founded by Odysseas Tsatalos and David Chandler Thomas in 1999 as one of the first accounting applications for the cloud.[7] The company was headquartered in San Jose, California, grew organically and offered a suite of accounting software that could serve medium and large-sized businesses with consolidated ERP, and e-commerce features.[8][9][10]

In 2000, Intacct got its first institutional investor, venture capital firm HWVP and completed a Series A round of $10 million.[11][12] From 2001 to 2014, the company raised $130 million in funding primarily led by the Battery Ventures, BVP, Sigma Partners and Emergence Capital with the last round of $30 million in 2014 with the company valuation of $211 million.[13][14][15]

In 2017, Intacct Corporation was acquired by the British multinational accounting software company, The Sage Group PLC, for $850 million and was subsequently rebranded as Sage Intacct.[1]

Features Edit

Sage Intacct has a suite of subscription-based accounting products.[16] Its web-based applications are built on top of its internally developed platform.[17] Sage Intacct's application includes accounts payable, accounts receivable, cash management, collaborate, general ledger, order management, purchasing, and reporting and dashboards.[18][19]

In addition to the core financial product, Sage Intacct released add-on software applications for contract and subscription billing, contract revenue management, fixed assets, inventory management, multi-entity and global consolidations, project accounting, project billing, sales and use tax, time and expense management and vendor payment services.[20][21][22] It allows integration of third-party software such as Salesforce, Certify, ADP, SAP Concur and others.[20][23]

Operations Edit

Founded and headquartered in San Jose, the company initially grew organically, but more recently has grown primarily through acquisitions.[24][25] In addition to its US offices, it also operates in India and Romania,[26] as well as product localizations being developed at Sage's other international offices such as Barcelona, Spain, Newcastle upon Tyne, UK and Poland.[27] Sage Intacct has more than 14,000 customers and nearly 500 employees across the world.

Awards and recognition Edit

  • 2016 BIG Innovation Awards recognized by the Business Intelligence Group.[28]
  • Won two 2016 Best in Biz Award[29]
  • Best Business Products of 2016 by PC Magazine[30]
  • Best Places to Work in the Bay Area for 2010 to 2017[31]
  • 2017 Best Software for Finance Teams list[32]
  • 2019 Top 50 Products for Mid-Market (#39) by G2[33]

See also Edit

References Edit

  1. ^ a b Roof, Katie (2017-07-26). "Sage Group buys Intacct accounting software for $850M". TechCrunch. Retrieved 2022-03-22.
  2. ^ "Intacct's market success continues". diginomica. 2016-05-13. Retrieved 2018-06-03.
  3. ^ Brooks, Steve (2020-08-06). "Sage Intacct launches in South Africa -". Enterprise Times. Retrieved 2020-08-21.
  4. ^ "Sage Intacct: A Modern and Trustworthy Cloud Solution For Finance Executives - Insights success". Insights success. 2018-04-26. Retrieved 2018-06-03.
  5. ^ Columbus, Louis. "Intacct's CEO Robert Reid On Growing A Successful Cloud Computing Business". Forbes. Retrieved 2018-06-03.
  6. ^ "Sage buys cloud accounting software firm Intacct - Enterprise Times". Enterprise Times. 2017-07-26. Retrieved 2018-06-03.
  7. ^ Johnson, Debbie Schultz, Michael (2016-03-25). "The Case for Cloud-Based ERP". CFO. Retrieved 2018-06-03.{{cite news}}: CS1 maint: multiple names: authors list (link)
  8. ^ "Sage Intacct announces partner award recipients". Accounting Today. Retrieved 2018-06-03.
  9. ^ "Robert Reid of Intacct: The Culture Always Comes First". The New York Times. 2014-12-20. ISSN 0362-4331. Retrieved 2018-06-03.
  10. ^ Cox, John (2000-01-31). . Network World: 38. Archived from the original on 2018-06-12.
  11. ^ . Accounting Technology. 2000-05-01. Archived from the original on 2018-11-20.
  12. ^ Kepes, Ben. "No IPO, debt funding instead. Intacct gets some fuel". Computerworld. Retrieved 2018-06-03.
  13. ^ Konrad, Alex. "Accounting Software Maker Intacct Takes On $45M To Pick Up The Pace". Forbes. Retrieved 2018-06-03.
  14. ^ "Intacct Raises $45M To Bring Bean Counters To The Cloud – TechCrunch". techcrunch.com. Retrieved 2018-06-03.
  15. ^ "Term Sheet -- Thursday, May 6". Fortune. Retrieved 2018-06-03.
  16. ^ "NetSuite vs. Intacct ERP Comparison Guide 2021". Retrieved 2022-10-11.
  17. ^ "Vena Solutions adds FP&A integration for Sage Intacct". Accounting Today. Retrieved 2018-06-03.
  18. ^ "Intacct Adds Mobile and Tablet Support". Accounting Today. Retrieved 2018-06-03.
  19. ^ "The Public Health Accreditation Board Reaches $2 Million Revenue on Sage Intacct". Retrieved 2018-06-03.
  20. ^ a b "Intacct launches subscription billing and SaaS dashboard". diginomica. 2015-05-04. Retrieved 2018-06-03.
  21. ^ "An Intacct insight into revenue recognition - Enterprise Times". Enterprise Times. 2016-11-15. Retrieved 2018-06-03.
  22. ^ . The Practical Accountant. 2002-02-01. Archived from the original on 2018-11-21.
  23. ^ . Accounting Technology. 2000-07-01. Archived from the original on 2018-11-17.
  24. ^ "Intacct lease fills part of San Jose's long-vacant Riverpark II". www.bizjournals.com. Retrieved 2018-06-03.
  25. ^ "Intacct CFO Named Exec of the Year in Cloud Computing". CPA Practice Advisor. Retrieved 2018-06-03.
  26. ^ "Intacct Opens Development Office in Romania". Intacct. October 22, 2014. Retrieved December 9, 2020.
  27. ^ Macpherson, Sholto (October 30, 2019). "Is This The Future of Sage? An Intro to Intacct - The Latest on Accounting Tech for SMEs". Digital First. Retrieved December 9, 2020.
  28. ^ "Intacct Digital Board Book for SaaS Metrics Wins BIG Innovation Award | Globe Live News". Globe Live News. 2016-02-17. Retrieved 2018-06-03.
  29. ^ "2016 winners news - Best in Biz Awards". Best in Biz Awards. Retrieved 2018-06-03.
  30. ^ "The Best Business Products of 2016". PCMag India. 2016-12-09. Retrieved 2018-06-03.
  31. ^ Intacct, Sage. "FORTUNE Magazine and Great Places to Work Name Sage's San Jose Sage Intacct Office One of the Bay Area's Best Workplaces". GlobeNewswire News Room. Retrieved 2018-06-03.
  32. ^ "G2crowd Reaffirms Intacct As The Best Accounting Software For Midsize And Enterprise Finance Teams In 2017 - Barchart.com". Barchart.com. Retrieved 2018-06-03.
  33. ^ "Top 50 Products for Mid-Market 2019". G2. Retrieved 2019-10-05.

External links Edit

  • Official website

October 21, 2023
sage, intacct, this, article, have, been, created, edited, return, undisclosed, payments, violation, wikipedia, terms, require, cleanup, comply, with, wikipedia, content, policies, particularly, neutral, point, view, february, 2020, topic, this, article, meet,. This article may have been created or edited in return for undisclosed payments a violation of Wikipedia s terms of use It may require cleanup to comply with Wikipedia s content policies particularly neutral point of view February 2020 The topic of this article may not meet Wikipedia s notability guidelines for companies and organizations Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention If notability cannot be shown the article is likely to be merged redirected or deleted Find sources Sage Intacct news newspapers books scholar JSTOR February 2020 Learn how and when to remove this template message Sage Intacct Inc is an American provider of cloud based Financial management and services available in five regions around the globe including the United States Canada the UK Australia and South Africa 1 2 3 Its products offer cloud based accounting applications that enable business payments manage and pay bills and facilitate payroll functions 4 5 Sage Intacct IncFormerlyIntacct CorporationTypeSubsidiaryIndustrySoftwareFounded1999 24 years ago 1999 FounderOdysseas TsatalosDavid Chandler ThomasHeadquartersSan Jose CaliforniaProductsAccounting softwareNumber of employees500ParentSage GroupWebsitewww wbr sageintacct wbr comThe company was founded in 1999 and it was acquired by The Sage Group PLC for 850 million in 2017 6 Contents 1 History 2 Features 3 Operations 4 Awards and recognition 5 See also 6 References 7 External linksHistory EditIntacct was founded by Odysseas Tsatalos and David Chandler Thomas in 1999 as one of the first accounting applications for the cloud 7 The company was headquartered in San Jose California grew organically and offered a suite of accounting software that could serve medium and large sized businesses with consolidated ERP and e commerce features 8 9 10 In 2000 Intacct got its first institutional investor venture capital firm HWVP and completed a Series A round of 10 million 11 12 From 2001 to 2014 the company raised 130 million in funding primarily led by the Battery Ventures BVP Sigma Partners and Emergence Capital with the last round of 30 million in 2014 with the company valuation of 211 million 13 14 15 In 2017 Intacct Corporation was acquired by the British multinational accounting software company The Sage Group PLC for 850 million and was subsequently rebranded as Sage Intacct 1 Features EditSage Intacct has a suite of subscription based accounting products 16 Its web based applications are built on top of its internally developed platform 17 Sage Intacct s application includes accounts payable accounts receivable cash management collaborate general ledger order management purchasing and reporting and dashboards 18 19 In addition to the core financial product Sage Intacct released add on software applications for contract and subscription billing contract revenue management fixed assets inventory management multi entity and global consolidations project accounting project billing sales and use tax time and expense management and vendor payment services 20 21 22 It allows integration of third party software such as Salesforce Certify ADP SAP Concur and others 20 23 Operations EditFounded and headquartered in San Jose the company initially grew organically but more recently has grown primarily through acquisitions 24 25 In addition to its US offices it also operates in India and Romania 26 as well as product localizations being developed at Sage s other international offices such as Barcelona Spain Newcastle upon Tyne UK and Poland 27 Sage Intacct has more than 14 000 customers and nearly 500 employees across the world Awards and recognition Edit2016 BIG Innovation Awards recognized by the Business Intelligence Group 28 Won two 2016 Best in Biz Award 29 Best Business Products of 2016 by PC Magazine 30 Best Places to Work in the Bay Area for 2010 to 2017 31 2017 Best Software for Finance Teams list 32 2019 Top 50 Products for Mid Market 39 by G2 33 See also EditComparison of accounting softwareReferences Edit a b Roof Katie 2017 07 26 Sage Group buys Intacct accounting software for 850M TechCrunch Retrieved 2022 03 22 Intacct s market success continues diginomica 2016 05 13 Retrieved 2018 06 03 Brooks Steve 2020 08 06 Sage Intacct launches in South Africa Enterprise Times Retrieved 2020 08 21 Sage Intacct A Modern and Trustworthy Cloud Solution For Finance Executives Insights success Insights success 2018 04 26 Retrieved 2018 06 03 Columbus Louis Intacct s CEO Robert Reid On Growing A Successful Cloud Computing Business Forbes Retrieved 2018 06 03 Sage buys cloud accounting software firm Intacct Enterprise Times Enterprise Times 2017 07 26 Retrieved 2018 06 03 Johnson Debbie Schultz Michael 2016 03 25 The Case for Cloud Based ERP CFO Retrieved 2018 06 03 a href Template Cite news html title Template Cite news cite news a CS1 maint multiple names authors list link Sage Intacct announces partner award recipients Accounting Today Retrieved 2018 06 03 Robert Reid of Intacct The Culture Always Comes First The New York Times 2014 12 20 ISSN 0362 4331 Retrieved 2018 06 03 Cox John 2000 01 31 Start up serves accounting applications over the Internet Intacct Company Business and Marketing Network World 38 Archived from the original on 2018 06 12 Intacct Receives Venture Funding Company Financial Information Brief Article Accounting Technology 2000 05 01 Archived from the original on 2018 11 20 Kepes Ben No IPO debt funding instead Intacct gets some fuel Computerworld Retrieved 2018 06 03 Konrad Alex Accounting Software Maker Intacct Takes On 45M To Pick Up The Pace Forbes Retrieved 2018 06 03 Intacct Raises 45M To Bring Bean Counters To The Cloud TechCrunch techcrunch com Retrieved 2018 06 03 Term Sheet Thursday May 6 Fortune Retrieved 2018 06 03 NetSuite vs Intacct ERP Comparison Guide 2021 Retrieved 2022 10 11 Vena Solutions adds FP amp A integration for Sage Intacct Accounting Today Retrieved 2018 06 03 Intacct Adds Mobile and Tablet Support Accounting Today Retrieved 2018 06 03 The Public Health Accreditation Board Reaches 2 Million Revenue on Sage Intacct Retrieved 2018 06 03 a b Intacct launches subscription billing and SaaS dashboard diginomica 2015 05 04 Retrieved 2018 06 03 An Intacct insight into revenue recognition Enterprise Times Enterprise Times 2016 11 15 Retrieved 2018 06 03 Intacct launches online inventory management solution Brief Article The Practical Accountant 2002 02 01 Archived from the original on 2018 11 21 Intacct Moves Upstream Accounting Technology 2000 07 01 Archived from the original on 2018 11 17 Intacct lease fills part of San Jose s long vacant Riverpark II www bizjournals com Retrieved 2018 06 03 Intacct CFO Named Exec of the Year in Cloud Computing CPA Practice Advisor Retrieved 2018 06 03 Intacct Opens Development Office in Romania Intacct October 22 2014 Retrieved December 9 2020 Macpherson Sholto October 30 2019 Is This The Future of Sage An Intro to Intacct The Latest on Accounting Tech for SMEs Digital First Retrieved December 9 2020 Intacct Digital Board Book for SaaS Metrics Wins BIG Innovation Award Globe Live News Globe Live News 2016 02 17 Retrieved 2018 06 03 2016 winners news Best in Biz Awards Best in Biz Awards Retrieved 2018 06 03 The Best Business Products of 2016 PCMag India 2016 12 09 Retrieved 2018 06 03 Intacct Sage FORTUNE Magazine and Great Places to Work Name Sage s San Jose Sage Intacct Office One of the Bay Area s Best Workplaces GlobeNewswire News Room Retrieved 2018 06 03 G2crowd Reaffirms Intacct As The Best Accounting Software For Midsize And Enterprise Finance Teams In 2017 Barchart com Barchart com Retrieved 2018 06 03 Top 50 Products for Mid Market 2019 G2 Retrieved 2019 10 05 External links EditOfficial website Retrieved from https en wikipedia org w index php title Sage Intacct amp oldid 1179425777, 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