Sage 500 to Sage Intacct Migration FAQs
Today, modern cloud ERP solutions are rapidly becoming the norm, leaving some of our Sage 500 clients wondering if they should make the switch from an on-premise to a cloud solution. If you’ve been considering a move to a cloud-based ERP like Sage Intacct you may have questions. This resource center is designed to provide you with answers— including to the FAQs below—to help you weigh your options:
- Should I be exploring cloud solutions now?
- What are some of the benefits of moving to Sage Intacct?
- Sage Intacct is described as a true cloud-based solution. What does “true cloud” mean?
- Are cloud solutions cost-effective and secure?
- Is Sage Intacct a good fit for my organization?
- Should I be concerned Sage 500 is going away?
1. Should I be exploring cloud solutions now?
The short answer is yes. And while this doesn’t mean you need to migrate or even that a cloud solution like Sage Intacct is right for you, it’s always a good business practice to understand your options. This is especially true if one of more of the following applies to your organization:
- Has multiple entities and/or multiple locations; and manages a complex organizational structure requiring consolidations, eliminations, inter-entity transactions, and allocations.
- Is in the software, business and professional services, not-for-profit, financial services, healthcare, entertainment, hospitality, franchise, or family office industries.
- Is experiencing or anticipating growth in the next 1-2 years.
- Relies on spreadsheets for reporting and analytics and spends too much time on these and other manual processes.
- Uses one or more cloud solutions that you need/want to integrate into your core financial modules.
- Has employees that work remotely.
2. What are some of the benefits of moving to Sage Intacct?
Clients that have moved to Sage Intacct report significant benefits including:
- Improved reporting and visibility with unlimited data dimensions, using real-time reporting and customizable dashboards
- Automated business processes and workflows, including quote-to-cash, purchase to payment, and consolidations
- Automated multi-entity management
- Streamlined integration with other best-in-class applications such as AP automation, expense management, CRM, and budgeting and forecasting
- Ability to access from any device via a web browser
3. Sage Intacct is described as a true cloud-based solution. What does “true cloud” mean?
True cloud refers to a multi-tenant system accessed via a web browser. With multi-tenant, all clients share the same software application (while other tenants can’t see their data). As a result, clients automatically get the latest upgrades. Another benefit is that it is highly configurable, allowing clients to use self-service tools to grow at their own pace. Plus, true cloud solutions make it easy to connect to other applications like Salesforce.
4. Are cloud solutions cost-effective and secure?
Since they were introduced over 20 years ago, Cloud solutions have become increasingly mature. There are many compelling benefits. Due to economy-of-scale, cloud providers are able to pass significant cost savings to their customers through subscription price model. By the same token, they are also able to ensure data availability, security, and protection.
5. Is Sage Intacct a good fit for my organization?
Sage Intacct includes many of the same modules as Sage 500 while providing greater functionality including:
- Improved reporting and visibility—with real-time reporting and dashboards
- Automated business processes—quote-to-cash, purchase to payment, consolidations.
- Streamlined integration—with other best-in-class applications (CRM, AP automation, expense management, budgeting / forecasting, and more)
However, depending on your industry Sage Intacct may not be the right fit. For instance, if your business has global supply chain or process manufacturing requirements.
Contact us for an evaluation of your business to decide if it’s time to consider making a switch and which product in the Sage portfolio is right for you.
6. Should I be concerned Sage 500 is going away?
Sage is limiting future Sage 500 enhancements to minor feature improvements, compatibility with the latest Microsoft desktop and SQL server software, and integrations with selected partner products.
While Sage is not investing in any significant enhancements, they continue to support Sage 500. And they will not force any customer to migrate to another product unless they choose to.
Sage’s intention is to provide time for clients to continue using Sage 500 while researching replacement solutions at their own pace.
So while there’s no immediate need to migrate off of Sage 500, you are no longer able to benefit from new features and functionality. That’s why we recommend researching your options, including Sage Intacct.
The Cloud Forecast
Growing companies are increasingly choosing cloud-based ERP solutions. It seems inevitable that cloud is the future of all business management applications. At the same time, there’s no pressure to make a move if Sage 500 is serving your organization well. Contact us to learn more about Sage Intacct, Sage 500, or if there’s any other way we can help you manage change and grow your business, we’re here to serve you. You’re in good hands!
