Gaps in Sage Intacct and How Paystand Fills Those Gaps
Sage Intacct is an excellent ERP that offers a wide range of features and benefits. But, like any other software, it has its limitations and gaps. Other specialized tools, like Paystand, can fill those gaps.
This blog post explores Sage Intacct's gaps and how Paystand fills them to improve cash flow management and streamline the Accounts Receivable process.
Gap #1: Sage Intacct Doesn't Have a Collections Tool
Sage Intacct is a great software to help you manage your AR process. However, it does not offer a collections tool to manage outstanding invoices and automate the process. This can be critical for businesses to manage their cash flow and keep track of overdue invoices.
This is where Paystand can help. Paystand offers a collections tool that automates the process and helps you get paid faster. Paystand's collections tool sends customer payment reminders, sets up automatic follow-ups, and tracks real-time payments. This can help you save time, reduce manual effort, and improve your collections process.
Gap #2: You Can't Process Payments in Sage Intacct
While Sage Intacct is a great ERP, it does not offer a payment gateway. This means that businesses need to use a third-party gateway to process payments, which can be a hassle and increase the risk of errors.
Paystand offers a modern payment gateway that integrates seamlessly with Sage Intacct. This allows businesses to process payments directly from their accounting software.
Paystand allows online payments using various methods, including ACH, credit cards, and eChecks. This helps businesses reduce errors, improve efficiency, and offer a better payment experience to customers.
Gap #3: There's No Automatic Reconciliation in Sage Intacct
You can reconcile payments in Sage Intacct, but Paystand automates the processå. Sage's robust reconciliation feature allows businesses to match payments with invoices, but the reconciliation process can be time-consuming, especially with large transaction volumes.
Paystand offers an automatic reconciliation feature that saves time and reduces errors. All transactions are automatically reconciled, so no time is spent matching payments with invoices. This streamlines the AR process, reduces manual effort, and improves accuracy.
Closing the Gaps with Paystand
While Sage Intacct is an excellent ERP, it has its limitations. Paystand automates the collections and payments process and reconciles transactions automatically. Paystand's Sage Intacct integration streamlines the AR process, reduces manual effort, and improves cash flow.
Download our free ebook, Increase Cash Velocity with Sage Intacct and Paystand, to learn more about our Sage Intacct integration. This comprehensive guide offers practical tips and best practices to help you optimize your collections process, process payments efficiently, and improve your cash flow management.