In our mission to provide the best software recommendations, our editorial review staff has had hands-on experience with Sage Intacct and TallyPrime. Both products are established ERP solutions, offering a variety of features to meet the needs of different businesses.
Sage Intacct is a browser-based, GAAP-compliant financial management software. It’s widely recognized for its multi-entity financial reporting, strong integrations, and industry-specific services. The AICPA has endorsed it as a “preferred provider of financial management applications”.
Sage Intacct is best suited for SMBs and mid-market companies. It’s especially popular in professional services, nonprofit, retail, and healthcare industries.
We enjoyed the scalable multi-entity support, project accounting, and multi-dimensional reporting. It also offers out-of-the-box functionality and integrations for CRM, inventory, and more. However, we weren’t fans of budgeting and interactive reporting come at an added cost. Also, the lack of a mobile app, a focus mainly on the US market, and challenges with volume exports are areas where it could improve.
On the other hand, TallyPrime is a business management software designed for companies prioritizing growth, efficient cash flow, and enhanced efficiency. It stands out for features like customizable reports, quick bill management, intuitive workflow, and a flexible inventory system with multi-currency support.
TallyPrime works for businesses that seek insights for growth via customizable reports, entities prioritizing cash flow via quick bill management, and inventory optimization. It also caters to companies working with multiple currencies.
TallyPrime is ideal for businesses focusing on growth, cash flow, and efficiency. It provides valuable insights and seamlessly manages tasks. However, limited invoice formats, slower performance with large datasets, and lack of automatic backup are aspects that need attention.
While both Sage Intacct and TallyPrime offer valuable features, Sage Intacct is the better choice for most businesses. It provides a more comprehensive range of capabilities, catering to a broader range of industries. Its multi-dimensional reporting capabilities and project accounting with timesheets give it an edge. Additionally, its scalability allows for user growth, which can be crucial for expanding businesses.
If your business prioritizes customizable reports, quick bill management, and a flexible inventory system with multi-currency support, TallyPrime could be a better fit.
For more recommendations and insights, check out our roundup of the best ERP software.