Sage Intacct – Simple Budget Controls for Spend Management

Sage Intacct – Simple Budget Controls for Spend Management

It’s a simple concept: don’t spend more than the budget allows. But for agile, fast-growing organizations, controlling spending can be an ongoing challenge – with significant consequences for cash flow.

Spend management gets more difficult as more people start making more purchases. They have to cross reference their requisition request against the budget data to check they aren’t overspending, which is important but also annoying, difficult, and sometimes impossible. And with frequent requisition requests coming in, the budget data might have outdated spending totals, leading to financial problems without much visibility.

Keeping spending within the constraints of the budget requires careful controls. The only problem is that enforcing those controls requires ample time and attention from accountants, and the wrong controls can stand in the way of important or time-sensitive purchases. How can small business control spend management without tying the purse strings too tight? With Sage Intacct.

Smart, Simple Controls for Spend Management

Sage Intacct, a financial management platform for growing and established companies (especially those that want to skip or replace QuickBooks), has become a popular product by combining smart features with simple interfaces. Sage Intacct makes high-level accounting accessible – and the spend management controls are a great example.

Users enter their requisition requests into a simple form where they identify the vendor, the item, the location, the amount, and any other pertinent information. Upon submitting the form, Sage Intacct compares the amount against the budget and, if the request goes over-budget, either denies the request or warns the user.

There’s lots of flexibility here. The system administrator can choose different budgets to compare spend requests against and set specific budget periods. Administrators can also customize approval policies (who gives approval, what amounts get reviewed etc.) that each requisition request will automatically go through once entered into Sage Intacct.

Using Sage Intacct to control spend management saves everyone time doing budget checks. It also makes the controls consistent so that every purchase gets reviewed and approved in the same way. Most importantly, Sage Intacct prevents budget issues from happening and worsening by providing advanced warning and tireless oversight.

With Sage Intacct serving as the careful controller of spend management, companies can avoid self-made financial problems and circumvent many cash flow issues in the process. Combine that with the rest of the toolkit this financial management platform has to offer, and any company using Sage Intacct becomes exceptional at accounting and strategic with finance.

Software Solutions from Accounting Experts

Getting set up with Sage Intacct and putting customer spend management control in place could not be easier with the help of Proseer. Experts in both accounting technology and financial excellence, we help clients solve their most urgent and important accounting challenges – with spend management and more – using the optimal combination of new tools, better practices, and smart consulting partners. Contact us to explore all the ways we can take your business to the next level.