Sage Intacct vs e-conomic

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Our analysts compared Sage Intacct vs e-conomic based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

e-conomic Software Tool

Product Basics

Sage Intacct is a cloud-based accounting software designed for growing businesses with complex needs. It centralizes financial data, automates tasks, and offers real-time insights, streamlining financial operations. Ideal for mid-sized organizations with multi-entity structures and diverse accounting requirements, Intacct scales with your growth and seamlessly integrates with other business systems. Users praise its intuitive interface, customizable dashboards, and robust reporting capabilities. Automation features like purchase order approvals and multi-currency transactions save time and reduce errors. Additionally, Intacct's strong security and compliance features provide peace of mind. While pricing varies based on individual needs and usage, Intacct typically falls within the mid-range for enterprise-level accounting software. Costs are subscription-based, with monthly or annual payment options. Compared to similar products, Intacct users highlight its scalability, flexibility, and user-friendliness as key differentiators.

To learn more about Sage, visit our Sage company page.

Pros
  • Cloud-based & scalable
  • Automates tasks & saves time
  • Real-time insights & reporting
  • Flexible & customizable
  • Strong security & compliance
Cons
  • Higher cost than basic software
  • Steeper learning curve
  • Limited mobile functionality
  • Customization can be complex
  • Fewer integrations than some competitors
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e-conomic is a robust accounting software designed to streamline financial management tasks for small to medium-sized businesses. It excels in automating accounting processes, offering features like invoicing, expense tracking, and financial reporting. This software is particularly beneficial for industries such as retail, consulting, and service-based businesses due to its user-friendly interface and comprehensive functionality. Users appreciate its cloud-based accessibility, allowing for real-time collaboration and data sharing. Unique benefits include seamless integration with various third-party applications and customizable dashboards that enhance productivity. Compared to similar products, e-conomic is praised for its intuitive design and efficient customer support. Pricing details are not explicitly available, so it's advisable to contact SelectHub for a tailored quote. Overall, e-conomic stands out for its ability to simplify complex accounting tasks, making it a valuable tool for businesses seeking to optimize their financial operations.
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$10,000 Annually
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$33 Monthly
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ACD
Meals on Wheels
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Nextmune
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Product Assistance

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Product Insights

  • Data Analysis: Offers robust reporting tools. It enables users to track metrics across various locations and provides easy-to-view custom reports and dashboards. 
  • Visibility: The program’s visualization tools are customizable so that users can adjust what they see based on individualized needs. Visualization methods include graphs, charts and tables. This feature can alleviate the amount of time that employees spend combing through data to gain actionable insights. 
  • Process Control: Gives users control over a wide variety of tasks associated with financial management. It provides visualization of cash flow, automates processes based on user-inputted requirements and lets users develop their own configurable dashboards. 
  • Integration: Offers integration with platforms such as Salesforce and Avalara to increase the usability of the program. Pre-built connections are available through the Sage Intacct Marketplace, and custom connections can also be deployed to further personalize the solution. 
  • Accessibility: Available for deployment both in-cloud and on-premise. These diverse installation methods make the program accessible to a variety of users and companies that have different needs. 
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  • Time Efficiency: Automate repetitive accounting tasks, such as invoicing and bank reconciliation, freeing up valuable time for strategic decision-making.
  • Real-Time Financial Insights: Access up-to-date financial data and reports, enabling informed business decisions and proactive financial management.
  • Scalability: Easily adapt to business growth with scalable features that accommodate increasing transaction volumes and complex accounting needs.
  • Collaboration: Facilitate seamless collaboration between accountants, bookkeepers, and business owners through shared access to financial data.
  • Cost Savings: Reduce overhead costs associated with manual accounting processes and minimize errors that could lead to financial discrepancies.
  • Compliance Assurance: Stay compliant with local and international accounting standards and regulations, reducing the risk of legal issues.
  • Data Security: Benefit from robust security measures that protect sensitive financial information from unauthorized access and data breaches.
  • Customizable Reporting: Generate tailored financial reports that meet specific business needs, providing clarity and insight into financial performance.
  • Integration Capabilities: Connect seamlessly with other business tools and applications, streamlining workflows and enhancing productivity.
  • User-Friendly Interface: Navigate the software with ease, thanks to an intuitive design that reduces the learning curve for new users.
  • Remote Accessibility: Access your accounting data from anywhere with an internet connection, supporting flexible work arrangements and remote teams.
  • Cash Flow Management: Monitor and manage cash flow effectively, ensuring sufficient liquidity for operational needs and growth opportunities.
  • Customer Support: Receive expert assistance and guidance from a dedicated support team, ensuring smooth operation and troubleshooting when needed.
  • Environmental Impact: Reduce paper usage and contribute to sustainability efforts by digitizing accounting processes and documentation.
  • Decision Support: Leverage analytical tools and insights to support strategic planning and enhance business performance.
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  • General Ledger: Contains pre-built dimensions such as customer, location, department, warehouse and class. It also allows users to add their own dimensions. Required dimension values can be inputted so that certain values are mandatory for entries to post to designated accounts. 
  • Accounts Payable: This feature lets users set spending limits and define workflows and approvals. Users can easily view AP liabilities as well as check and bill register reports in real time. Users can automate ACH, check and credit card payments through the Vendor Payment Services function, which is built on the American Express Global Commercial Services infrastructure. 
  • Accounts Receivable: The program enables customers to generate recurring invoices and to attach customer information to transactions. It integrates with other business processes to centralize sales orders, quotes and invoices. Configurable dashboards and other visualizations are included in this function and allow users to look at data points such as deferred revenue and customer aging. 
  • Purchasing: Allows users to analyze costs and monitor budget vs. actual information through dashboards and reporting tools. These dashboards are role-based for security and ease of access and also contain budget performance information, price break monitoring and purchase quote functionality. The feature gives users more control over the entirety of the procure-to-pay process. 
  • Order Management: Users can leverage point-and-click functionality to set up individualized workflows and pricing requirements in the order management system. The program can be easily connected to Salesforce CRM, which allows users to share order status and pricing data across a business and reduce duplicate data entry. The solution includes sales tax and regulatory compliance through integration with Avalara. Order fulfillment rates, inventory quantities and sales data can be viewed in real time through this feature. 
  • Cash Management: Includes a live view of funds and cash flows through all associated credit cards, savings accounts and checking accounts. The management of cash across multiple locations is also supported. The system enables the application of payments to accounts that aren’t associated with an invoice and the recording of POS payments that aren’t connected to a specific customer. 
  • Reporting and Dashboards: This program can track both financial and operational data such as SaaS metrics, machine availability, etc. The system also has the ability to discover trends, drill down to source transactions and look at roll-up figures for multiple locations or entities. The solution includes more than 150 financial reports along with the ability to develop customized reports based on business needs. 
  • Digital Board Book: Produces metrics such as Annual or Monthly Recurring Revenue (ARR or MRR), churn, Committed Monthly Recurring Revenue (CMRR), Customer Acquisition Cost (CAC) and Customer Lifetime Value (CLTV). This analysis is conducted in real time using transactional data obtained from Sage Intacct and Salesforce. 
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  • Invoicing: Create and send professional invoices with customizable templates, ensuring brand consistency and clarity.
  • Bank Reconciliation: Automatically match transactions with bank statements, reducing manual entry and errors.
  • Expense Management: Track and categorize expenses efficiently, allowing for better financial oversight and control.
  • Multi-Currency Support: Handle transactions in various currencies, ideal for businesses operating internationally.
  • Project Management: Monitor project budgets and timelines, integrating financial data for comprehensive project oversight.
  • Reporting: Generate detailed financial reports, including balance sheets and profit & loss statements, for informed decision-making.
  • VAT Management: Automate VAT calculations and submissions, ensuring compliance with local tax regulations.
  • Mobile Access: Access your accounting data on-the-go with a mobile-friendly interface, enhancing flexibility and responsiveness.
  • Integration Capabilities: Seamlessly connect with other business tools like CRM and e-commerce platforms to streamline operations.
  • User Permissions: Set specific access levels for different users, maintaining data security and integrity.
  • Customer Support: Access a dedicated support team and comprehensive online resources for troubleshooting and guidance.
  • Time Tracking: Record billable hours directly within the platform, simplifying invoicing for service-based businesses.
  • Inventory Management: Keep track of stock levels and manage orders, ensuring efficient supply chain operations.
  • Recurring Invoices: Automate the billing process for regular clients, saving time and reducing administrative workload.
  • Dashboard Overview: Gain insights into key financial metrics with a customizable dashboard, providing a snapshot of business health.
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Product Ranking

#9

among all
Accounting Software

#102

among all
Accounting Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 96 77 91 92 100 100 96 100 100 30 96 79 100 96 100 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

Great User Sentiment 2342 reviews
Fair User Sentiment 1 reviews
86%
of users recommend this product

Sage Intacct has a 'great' User Satisfaction Rating of 86% when considering 2342 user reviews from 5 recognized software review sites.

60%
of users recommend this product

e-conomic has a 'fair' User Satisfaction Rating of 60% when considering 1 user reviews from 1 recognized software review sites.

5.0 (20)
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4.3 (1018)
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4.2 (288)
3.0 (1)
4.5 (79)
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4.3 (937)
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Awards

SelectHub research analysts have evaluated Sage Intacct and concluded it earns best-in-class honors for Inventory Management and Reporting and Analytics.

Inventory Management Award
Reporting and Analytics Award

No awards.

Synopsis of User Ratings and Reviews

Intuitive User Interface: Precisely 65% of users stated it has an intuitive and user-friendly interface with a manageable learning curve.
Configurable: Approximately 90% of users conveyed that the product is customizable to fit their organization's needs.
Competent Performance: The quality, scalability and overall performance are favorable to 94% of users.
An Assortment of Features: According to 54% of users, the product has a wide range of features including accounts payable and receivable, bank reconciliation, time tracking, 1099 forms and more.
Ideal Integrations: Merges with various third-party systems such as Salesforce, Nexonia, Expensify, Bill.com and more, as stated by 94% of users.
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Intuitive Interface: User reviews frequently mention that the software is easy to navigate and understand, even for users without extensive accounting experience.
Comprehensive Features: E-conomic offers a wide range of accounting functionalities, covering core requirements such as invoicing, bank reconciliation, and VAT reporting, eliminating the need for multiple software solutions.
Automation Capabilities: Features like automatic invoice reading and attachment matching streamline accounting tasks, saving time and reducing manual effort for increased efficiency.
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Dawdling Customer Support: Of the users who discussed customer support, roughly 64% said it was lagging in resources and took a long time to get in touch with them.
Lagging Search Tool: Approximately 45% of users said the search and reporting tools aren't as effective as some of the software's other idiosyncrasies.
High Cost: Subscription-based pricing, often exceeding the budgets of smaller businesses or those with simpler accounting needs.
Steep Learning Curve: Feature-rich interface can feel overwhelming for beginners, requiring initial training and time investment.
Limited Mobile Functionality: Mobile app lacks access to many core features, hindering on-the-go workflow for some users.
Customization Complexity: Advanced customization options often require technical expertise or paid consultations.
Integration Gaps: While offering major integrations, it may lack connections to specific niche software used by some businesses.
No Built-in Payroll: Requires integrating a separate payroll solution, adding complexity and additional costs.
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Interface Complexity: User reviews highlight that e-conomic's interface, while generally well-regarded, can become difficult to navigate when dealing with more complex accounting tasks.
Steep Learning Curve: The software may not be suitable for users without a reasonable understanding of accounting principles, potentially limiting its appeal to smaller businesses or those without dedicated accounting staff.
Integration Challenges: Although e-conomic boasts numerous integrations, setting them up effectively might require a level of technical proficiency that not all users possess.
Limited Mobile Functionality: While the desktop version is considered robust, user feedback suggests that the mobile app could benefit from additional features and functionalities.
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Sage Intacct user reviews paint a picture of a powerful, customizable accounting software ideal for mid-sized, growing businesses. Users praise its real-time reporting, cloud-based accessibility, and ability to handle complex financial structures. Compared to competitors, Intacct shines in scalability and customization, effortlessly adapting to multi-entity operations and unique accounting needs. This agility is crucial for dynamic businesses operating in diverse markets. However, its strengths come with caveats. Intacct's feature-rich nature can be daunting for beginners, requiring dedicated training and technical know-how. Additionally, its subscription-based pricing can be prohibitive for smaller companies or those with simpler accounting requirements. The limited mobile functionality and lack of built-in payroll are also shortcomings some users find frustrating. Overall, Sage Intacct earns its positive reviews by empowering businesses with robust functionalities and seamless scalability. However, its complexity and premium cost may leave smaller players or those needing basic accounting solutions searching for a more accessible, budget-friendly alternative.

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Is e-conomic really economical with the truth when it comes to user experience? User reviews from the past year paint a somewhat ambivalent picture of this cloud-based accounting software. While e-conomic is generally lauded for its user-friendly interface and comprehensive suite of features, including electronic invoicing and bank reconciliation, some users find that certain aspects, such as VAT reporting, necessitate a considerable amount of accounting knowledge, potentially posing a challenge for newcomers. This is akin to having a car with all the bells and whistles but needing a mechanic's certification to change a tire. A key differentiator for e-conomic is its robust automation tools, such as automatic invoice reading and attachment matching, which streamline tedious accounting tasks. However, the software's integration setup can be a bit of a head-scratcher, often requiring technical expertise. Furthermore, while e-conomic is praised for its cloud-based efficiency and secure data access, some users find the interface clunky, especially for more complex tasks, like navigating a labyrinthine library. In essence, e-conomic appears best suited for businesses with some existing accounting infrastructure and technical know-how, much like a seasoned chef who can fully utilize a professional-grade kitchen. Smaller businesses or those lacking technical expertise might find the learning curve a tad steep.

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