What Is Sage Intacct's Scalability for Multiple Locations and International Operations?

Imagine a CFO sitting late at night, stuck at the office. The overhead lights are off, but the glow emanating from multiple spreadsheets across multiple screens on his desk casts an eerie light barely bright enough to illuminate the page of scribbled currency rates in front of him.

In total, he's working with 15 spreadsheets, each with 50+ tabs. Each one tracks a different entity, and they collectively represent a variety of regulatory standards along with five different currencies. He's been working on currency conversions for 5 days, and his brain feels like it's been flattened by a steamroller.

He stares dully at his screens, knowing he's supposed to focus on strategy. However, no one else had the bandwidth to convert these currencies, so the strategy will have to wait another month.

But that's what he's been telling himself for the past 3 months.

Something has got to change — and soon.

Before he gets up to make yet another cappuccino in the office Keurig, he googles whether the new ERP he's been considering could help now.

"What is Sage Intacct's scalability for international companies? Can it handle multiple locations and multiple currencies?" he types in... and the answer fills him with hope.

The Facts on Sage Intacct's Scalability

Considering that our keyword for this article is "Sage Intacct scalability," it's likely you just googled that precise query, too. Are you sitting late at the office right now, also wishing that multi-entity accounting weren't so darn time-consuming?

So were the financial professionals at VelocityEHS and Tandem HR — the companies whose real-life stories formed the basis for our introductory tale. (See footnotes.)

Both companies made the switch to Sage Intacct, the ERP that offers seven big capabilities for multi-entity, global accounting:

1. Sage automatically converts currencies and handles exchange rate fluctuations for you.

With Sage, our CFO wouldn't spend 5 days on currency conversions; he wouldn't even spend 5 minutes. Sage automatically converts currencies and keeps them up to date.

2. Sage automates intercompany transactions, ensuring your books stay accurate and up-to-date.

To simplify multi-entity accounting, Sage automatically self-balances transactions, including resource transfers and shared expenses. This significantly reduces error-prone manual entry work (thank goodness).

3. Sage centralizes your financial data in a single, secure environment.

Say goodbye to the hassle of logging in to each entity separately. Sage's one-login setup speeds up your workflows and also gives you the option to centralize your payables, so things don't slip through the cracks.

4. Sage helps you maintain consistent financial practices while meeting local compliance requirements.

Multinational companies face a complex array of compliance regulations and jurisdictional requirements, and some must manage diverse tax structures across multiple jurisdictions. Sage delivers ASC 830/FAS-52 compliance and can streamline your local tax reporting.

5. Sage's push-button consolidations enable faster and easier aggregated or individualized reporting.

If our CFO took 5 days just to handle currency conversions, how much time do you think it takes him to roll up the books? How much time does it take you? One of the top benefits of Sage Intacct scalability is that Sage handles consolidations for you automatically, in just minutes. (Yup, we said minutes.)

6. With Sage, you can set up a new entity quickly, without help from IT.

Companies that focus on Mergers and Acquisitions, or that frequently create new subsidiaries, know what a hassle it can be to set up a new entity. Sage supports your growth by making it easy and fast to get moving with its straightforward entity setup process.

7. Sage provides real-time, consolidated insight, so you don't have to wait for the close.

International companies require agility. Agility requires real-time insight. Does your international company have real-time agility? Didn't think so. Sage gives you up-to-date, granular visibility into your numbers any time — along with real-time dashboards and multidimensional reporting you can use to slice and dice your data your way.

Scale with Support

If you are, indeed, working late at the office right now with a rapidly cooling Keurig cappuccino on your desk, we feel you. It's a terrible thing to work late and arrive home long after the kids have gone to bed. We don't want that for anyone.

Sage is proven to help multi-entity companies close their books 25-70% faster, and it can put an end to those late nights stuck at the office. It may very well be the right solution to help you start getting home earlier...

...But we have a word of caution: be really careful with your implementation.

Trust us, you don't want to exchange nights working on spreadsheets for late nights grappling with your IT.

Sage Intacct has impressive scalability, but it's not magical. Sage can't set itself up.

What you need is a Sage implementation expert who is also a tax expert with experience across multiple entities.

You know —and we know— that accounting for international, multi-entity companies is complex and filled with compliance minefields.

Therefore, ensure that you choose an implementation partner who understands the challenges you're facing, allowing them to set up your entities' interdependencies flawlessly.

Not sure where to find such a rare implementation partner? *Ahem,* we'd like to introduce you to VBCC.

Learn More About VBCC's Expertise

Footnotes: "Tandem HR, a provider of custom HR solutions, left over 15 Excel sheets (each one with 50+ tabs) and 22 instances of QuickBooks behind, and cut 500 hours annually by eliminating QuickBooks workarounds. Sage Intacct also enabled a 195% increase in EBITDA through data-driven decision making." (source)

"At first, our CFO was spending five painful days each month doing currency exchange calculations because no one else had bandwidth. But now, our global consolidations can be completed across five different currencies in a few short minutes with the push of a button in Sage Intacct." - Heather Norum, Director of Accounting, VelocityEHS (source)