Unlock the Full Potential of Your Biotech or Life Sciences Business with Sage Intacct
As a finance leader in the biotech or life sciences industry, selecting the right accounting system is a critical decision. You need a solution that not only meets the unique needs of your organization but also provides long-term value and support. With Sage Intacct, you get a powerful financial management solution tailored to the complexities of the biotech sector, offering deeper insights and smoother operations.
Here are the top 10 reasons why biotech and life sciences companies choose Sage Intacct:
1. We Speak Your Language: Finance and Biotech Expertise
Sage Intacct’s deep understanding of both finance and the biotech industry means you don’t have to waste time explaining your unique workflows. Our team, with an 85% CPA or former CFO expertise rate, knows the specific accounting needs of biotech and life sciences companies, from tracking funding and grants to managing research time and costs.
2. Easy-to-Use System with Biotech-Specific Features
Sage Intacct is designed to be intuitive and user-friendly, ensuring quick adoption across your teams. Our Projects Module enables biotech companies to track costs, funding, grants, and more, streamlining the billing process and project-level tracking.
Features include:
- Multi-entity management
- Multi-currency capabilities
- Real-time, custom reporting
- Time and expense tracking
- AI-powered intelligent GL
- Program costing and billing
- Pre-built integrations with Salesforce & CRM
3. Comprehensive, Real-Time Data for Strategic Decision Making
Say goodbye to manual data consolidation and endless spreadsheets. With Sage Intacct, finance teams have access to a single source of truth—real-time, dependable data to make informed decisions. You can easily track key performance indicators, program budgets, grants, and other critical financials to support strategic planning.
Benefits:
- Role-specific customizable dashboards
- Real-time project-level reporting
- Easy access to financial data for analysis and decision making
- Insights into department or company-level performance metrics
4. AI-Powered Time and Expense Management
Save valuable time with AI-powered time tracking and expense management to ensure accurate reporting and budgeting. With Sage Intacct, tracking time and expenses is automated, ensuring greater accuracy and efficiency in financial data.
5. Scalable for Multi-Entity and Global Operations
As your biotech or life sciences company grows, Sage Intacct can scale to meet your needs. Whether you manage multiple entities, operate across borders, or deal with multiple currencies, Sage Intacct is built for complex, global operations.
6. Customized and Actionable Insights
Easily create customized financial reports, track revenue recognition, and gain actionable insights. With Sage Intacct, executives can quickly view business performance metrics through configurable dashboards and reports, helping them make fast, informed decisions.
7. Streamlined Billing and Revenue Recognition
Manage unique billing requirements with custom invoicing, and simplify the revenue recognition process. Sage Intacct ensures that your financial processes stay in compliance with regulatory requirements, including those unique to the life sciences and biotech sectors.
8. End-to-End Financial Management
Sage Intacct provides end-to-end financial management, including cash management, purchasing, accounts payable and receivable, and budget tracking. This all-in-one solution keeps your entire financial system streamlined and efficient, reducing reliance on multiple tools.
9. Collaborative Project Management
Boost team collaboration with role-based dashboards and reporting. Sage Intacct enables your teams to align their work with a single source of truth for financial data, ensuring transparency and communication across departments.
This article is posted at sage.com
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