As part of our ongoing software review efforts, our editorial team has evaluated two popular business management solutions: Sage Intacct and Buildium. We’ve used, demoed, and reviewed these products to provide you with an informed comparison.
Sage Intacct is a browser-based, GAAP-compliant financial management software. The software is best suited for small-to-medium businesses and mid-market companies. Sage Intacct is particularly popular in professional services, nonprofit, retail, and healthcare industries.
Sage Intacct has its multi-entity financial reporting and industry-specific services. The platform excels in multi-dimensional reporting capabilities, project accounting with timesheets, scalability for multi-entity support, and user growth. It also integrates with Salesforce, Versapay among others.
However, its budgeting and interactive reporting features come at an added cost. The software also lacks a mobile app, caters mainly to the US market, and can be challenging with volume exports.
Buildium is a cloud-based property management software that can manage over 5000 rental properties. The software is most cost-effective for businesses managing over 20 units and can handle residential properties, community associations, commercial properties, affordable housing, and student housing.
Buildium is robust in terms of accounting tools. It can handle everything from automated bookkeeping and collections to full-scale accounting, including 1099s. The platform is incredibly scalable and includes a free customizable marketing website.
While Buildium offers many perks, some drawbacks include a la carte pricing for certain features and the lack of live support in the basic plan. Also, electronic leases are only free with the Plus version, and there’s a fee to set up bank accounts.
For most businesses, we recommend Sage Intacct. While both platforms offer robust features, Sage Intacct’s comprehensive out-of-the-box functionality, powerful integrations, and multi-dimensional reporting make it a more versatile solution for diverse business needs.
However, for businesses in the property management sector, Buildium’s specific focus and robust property accounting tools might make it a more fitting choice.
You may find our roundup of the best ERP software helpful in determining the ideal solution for your business.