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5 reasons to migrate from Sage 50 to Sage Intacct

If you're still relying on Sage 50 for accounting, it might be time to switch to Sage Intacct.

Many small and medium-sized businesses rely on Sage 50 to meet their accounting and financial management needs.

 

What is Sage 50?

It’s one of the most reliable desktop accounting solutions, with a loyal base of customers, and it’s easy to see why. Sage 50 Accounts and related products in the suite have been helping small businesses for decades. It started out in the US as Peachtree Accounting, in Canada as Bedford Accounting and later Simply Accounting, and in the UK as Sage Sterling, then rebranding as Sage Line 50, Sage 50 and Sage 50 Cloud. 

For a lot of businesses, it’s the first and only financial management solution they’ll ever need. But as your business grows and evolves, you might start to push the limits of Sage 50. If this is the case for you, the solution may be to migrate to the cloud with Sage Intacct. 

 

Migrating to Sage Intacct

Built as a native cloud solution from day one, Sage Intacct has empowered thousands of global Sage 50 customers to work anywhere, anytime. They can close the books 80% faster, get visibility into key metrics in seconds, and consolidate all of their entities in minutes. 

Over the years, we’ve helped many customers migrate to other Sage platforms as they grow and discover that Sage 50 no longer delivers the reporting, analytics and collaborative view of the business that you need to continue growing.  

We’ve found there are 5 themes that always emerge as key drivers to move to cloud-based platforms with more advanced functionality like Sage Intacct or Sage 200. These are: 

 

1. You’re doing too much of your reporting in Excel?

Many customers we work with have developed a need for more complex reporting than the financial statements that Sage 50 can provide. Scale up businesses especially need to be able to ‘slice and dice’ their data in the ways they needed, because they lacked dimensions and calculated fields. 

 

2. Your multi-entry consolidations take hours to days to complete?

In Sage 50, starting up a new entity can often feel like making a whole new implementation where you have to configure your own customisations. It’s never ideal, as data sits in silos and inter-entity transactions have to be manually keyed in to ensure the books are balanced – taking up valuable time and resources. 

 

3. You need to access your system remotely?

Many businesses want the flexibility of being able to work anywhere, anytime – and that’s the big advantage of migrating to Sage Intacct. While Sage 50 can be hosted on the cloud, it’s not a completely native cloud-based SaaS solution like Intacct. 

With Sage 50, as the number of users and the volume of transactions grows, the performance declines. This means it might not be able to keep up with your work pace and it will end up slowing you down even more.

 

4. Your integrations involve many manual workarounds?

You might not want to replace all your business-critical solutions with an all-in-one suite, especially if they are running industry-specific systems. However, you still need all these systems to be able to integrate and communicate. Currently, many businesses have to come up with time-consuming manual workarounds to make this collaboration work. With Sage Intacct, you can easily integrate existing software solutions with your financial management platform.

 

5. You have unscalable, error-prone manual processes?

It’s really easy for inefficient processes that work when you’re just starting out to gradually become ‘standard operating procedure.’ However, as you grow, this can become a real headache when you require additional staff to carry out everyday remedial tasks. PO approvals, generating invoices, processing payments and other menial jobs are taking up time – and impacting your costs and ability to grow. 

 

What is the difference between Sage 50 and Sage Intacct? 

Sage 50 is a desktop-based software solution ideal for small to medium-sized businesses, offering essential accounting functions such as invoicing, bank reconciliation, and basic reporting. These functions can be quite limited compared to Sage Intacct, however, which expands on these  features to meet the complex financial needs of larger businesses. These include multi-entity management, sophisticated real-time reporting, and enhanced scalability. As it’s a more basic solution, Sage 50 is simpler to use, quicker to learn and also comes in at a lower cost. 

 

Why Sage Intacct?

Sage Intacct has been voted number one for customer satisfaction by G2 Crowd and was selected by the AICPA as their first and only preferred financial management solution. It’s also just received the highest rating for the lower midsize use case in Gartner’s Critical Capabilities Report for the fourth year in a row.

As an official Sage Intacct Partner and Sage UK’s “number 1 partner for excellent service”, our fully accredited Business Advisory team will guide you through exactly what Sage Intacct can deliver to your business.

If you’re looking for advice on your move from Sage 50, just share your contact details and we’ll be in touch to arrange a chat. 

Why choose Thinc?

We're an award-winning Sage partner

We’re a longstanding Sage Business Partner, Sage UK’s “number 1 partner for service excellence” and have helped over 400 businesses successfully scale their businesses through Sage 200. Our extensive knowledge of Sage accounting software, the Sage 200 professional modules, as well as the extensive range of Sage 200 add ons allows us to take a consultative approach and only ever recommend what is right for your business. Having worked with Sage 200 since it was first introduced to the market, we’ve seen the product evolve as the needs of SMEs have progressed.

We don't do 'one-size-fits-all'

Your business is completely unique, so we know that you need a completely unique solution to match it. That’s why we take the time to properly get to know your business, the problems you face and the way you work. That means we can create a tailored solution that exactly fits your needs and can grow with your business.

We're here to help

Our friendly team of experts are on hand to fix whatever IT problems you’ve got with clear communication and long-lasting solutions. We work closely with you and act as an extension of your team, not just another outsourced IT team – so you get complete collaboration instead of quick fixes.

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