Sage Intacct Contract Management Software

Sage Intacct Contract Management Software

With an increase in technology and software, more and more companies are offering products with contracts and subscription pricing. However, the finances and accounting methods are much different for these business models. Often, they are more difficult due to the fact that regulations and guidelines are always changing.

Fortunately, you don’t have to overwhelm your finance department with all of the different accounting processes and rules. Technology has also brought about improvements to Sage Intacct in the form of Contract Revenue Management.

What is Sage Intacct Contract Revenue Management?

It is a comprehensive software that addresses the specific needs of business that rely on subscriptions and contracts. The innovative solution continuously updates to address all of the upcoming rules for your expense amortization or revenue reallocation.

What does that mean?

You can have all of the necessary features and tools to run your business smoothly. The following are just a few of the reasons that customers continue to choose Sage Intacct for their finance contract software:

• Adaptability to New Guidelines
• Flexible Pricing and Billing
• Reporting and Metrics
• Audit Tools

Benefits of Sage Intacct with the New Guidelines

New industry standards, ASC 606 and IFRS 15, change the way that businesses enter into contracts with their customers. While these changes can be frustrating for business owners, Sage Intacct Contract Revenue Management has tools and features that make the transition simple and efficient. Specifically, the software offers:

• Reallocation for Changes: Since the new guidelines separate each contractual relationship, your software allows you to reallocate revenue for add-on product sales and make other changes more frequently.
• Deferral of Expenses: New changes require that your sales-related expenses be amortized with every contract, so you can use your software to defer any expenses.
• Dual Treatment: While you transition, Sage Intacct allows you to change back and forth between the new and old methods.

Flexible Pricing Options and Subscription Billing Solutions

Sage Intacct understands that no two subscription-based businesses are the same. For that reason, they developed their contract and billing software with flexibility in mind. In fact, Contract Revenue Management by Sage Intacct offers you the following benefits and features:

• Custom Billing Schedules: You have the option of choosing linear or non-linear schedules. You can even use both simultaneously if your business requires them.
• Usage-Based Billing: While some companies prefer to charge a flat rate, you can offer more affordable solutions to your customers with the usage-based billing tools.
• Add-ons and Renewals: No subscription finance software is complete without the ability to include add-ons, upgrades, downgrades, or renewals in your pricing model.

Top-of-the-Line Reporting and Metrics for Your Business

If you’ve been doing all of your finance and accounting by hand, you know how difficult it is to create reports and analyze metrics. When you use Sage Intacct Contract Revenue Management, these reports are created automatically. You’ll instantly get detailed insights into your contracts and subscriptions. Want to know your profit? Sage software also makes it easy to create a P&L of each contract since the contract is a dimension of Sage Intacct.

In addition, you’ll be able to see where revenue has been paid, billed, and unbilled all in one place. With this information, you can quickly and efficiently generate a detailed forecast of all of your billing and revenue data. From there, you’ll be able to make better business decisions and plan for the future.

Audits Made Easy with Sage Intacct Contract Management

If the word “audit” often conjures feelings of stress, you’ll love that this finance contract software gets you ready for any upcoming audits. Not only does it come with a contract checklist, but it also comes with sign-off capabilities to ensure that each step is completed properly.

Those aren’t the only tools that prepare you for an audit, however. You can also enjoy the side-by-side perspective you get with dual books. These books allow you to compare both the old accounting treatments and the new methods based on updated guidelines. When you can look at the information side-by-side, it is easier to see the differences and dive deeper into areas where necessary.

Request More Information on Sage Intacct Contract Management Solutions

Do you have additional questions about Sage Intacct Contract Management? Would you like to learn more about the software pricing? If so, you shouldn’t hesitate to contact Kerr Consulting. We are happy to provide all of our customers with more information on our products and services.

We recommend that you call our professionals if you want to learn more about our contract and billing software. You can also get in contact with our helpful representatives by submitting our simple contact form. From there, you can schedule a convenient consultation, or you can request an accurate quote from our experts.