Intacct vs. Microsoft Dynamics

Have you built a Frankenstein Financial Monster?

Intacct vs Dynamics

Frankenstein Is Alive!

The term Frankenstein is often associated with a monster described as a composite of whole body parts grafted together from cadavers and reanimated through the use of electricity. Gruesome, right? Who would EVER create something like that?

Ironically, most companies that use Microsoft Dynamics create their own Frankenstein. The body of the solution is Dynamics but the document management may be Papersave, the credit card processing is Nodus, the invoice formatting is Accountable, the revenue recognition is Binary Stream and many other solutions are added onto the body to make it complete.

The result is something that looks like Frankenstein. It is a financial monster because it is expensive to put together all the parts. It is a technological monster because keeping everything integrated requires herculean efforts on the part of IT. It is an upgrade monster because the moment you upgrade one component you have to touch all the other components.

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Microsoft Dynamics products are typically premise-based products created in the early 1990s. While they have a good foundation in accounting and are often a fit for distribution companies, most implementations will require multiple, costly add-ons from third parties. Many of the features provided by these add-ons are already built into and supported by Intacct, such as consolidations and multi-currency. Even basic features like reporting require a separate product to get good results, and Microsoft does not offer the easy dimensional reporting capabilities that you can get with Intacct.

Dynamics also largely remains a premise-based solution, which means that in addition to the software and licensing fees, it requires a costly servers and IT resources to maintain the system and provide the acceptable level of availability, backups, and security that you want. Conversely, Intacct is hosted in a world-class datacenter with continuous backups, multiple physical controls, and guaranteed SLA times.

While it is possible to have a hosted Dynamics installation, you are still paying for outsourced servers and the associated installation, upgrades, and maintenance. There are also many third party add-ons that cannot be used with a hosted installation. While Dynamics has a web-based “portal version”, it still requires an on-premise version and the dashboard capabilities are extremely limited because it was not truly built for the cloud like Intacct.

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Why Switch to Intacct?

See how real-world companies are getting high ROI fast by switching to Intacct from other financial software solutions.

Review these two case studies to see how these companies benefit by switching from Dynamics GP to Intacct.

Webassign Intacct Case Study
Saranabu Intacct Case Study

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