Intacct Financial Management Cost

How much does it cost to purchase and implement Intacct Financial Management?What is the break-down cost of licenses, maintenance and support, installation, customization, data migration and training?

Vice Professor Asked on July 3, 2024 in Accounting.
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1 Answer(s)

Software price

Intacct Financial Management software is priced on a subscription basis. The cost of the license varies depending on the number of users and the specific plan chosen. The starting price for a single user is around $400 per month. For 10 users, the cost is approximately $2,500 per month. For 100 users, the price increases to about $15,000 per month. For 1,000 users, it can cost around $100,000 per month. For global enterprise solutions, pricing is available upon request.

Plans compared

Intacct Financial Management offers different plans based on the needs of the organization. The plans differ in features such as financial management, purchasing, order management, and dashboards. The pricing also varies depending on the level of support and customization required.

Plans fit

The different plans offered by Intacct Financial Management cater to businesses of various sizes and industries. The basic plan is suitable for small businesses and startups, while the higher-tier plans are more suitable for mid-sized to large enterprises with complex financial needs. The global enterprise solution is best for multinational corporations with operations in multiple countries.

Other cost

Implementation costs for Intacct Financial Management can vary depending on the complexity of the system and the size of the business. On average, implementation can cost anywhere from $10,000 to $50,000. Customization costs are optional and can range from $5,000 to $20,000. Training costs also vary, with an average cost of $1,000 to $5,000 per business size/type.

One-time fees

There are no specific hardware requirements for Intacct Financial Management, but there may be additional costs for servers or data migration. One-time fees for setup and configuration can range from $1,000 to $10,000. Other costs may include integration with third-party applications or additional modules.

Alternatives compared

When compared to alternatives such as QuickBooks, NetSuite, Sage Intacct, Xero, and FreshBooks, Intacct Financial Management is positioned as a higher-end solution with more robust features and scalability. While it may be more expensive than some of its competitors, it offers advanced financial management capabilities suitable for larger organizations.

Verdict

Intacct Financial Management is considered a mid to high-tier financial management software in terms of pricing. With its feature-rich plans and scalability, it provides good value for mid-sized to large enterprises with complex financial needs. While it may be more expensive than some alternatives, the pricing is justified by the advanced functionalities it offers. On a scale of 1 to 100 for pricing, Intacct Financial Management would score around 75.

Vice Professor Answered on July 3, 2024.
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