Sage Intacct now available at AWS Marketplace

Sage, a cloud business management solutions provider has recently made their Sage Intacct offering available at AWS Marketplace.

Sage Intacct is the only ASC 606-compliant cloud accounting and subscription billing solution. The Sage Intacct cloud finance offering delivers important financial metrics for SaaS companies. These metrics include customer acquisition costs (CAC), customer lifetime value (CLTV), contracted monthly recurring revenue (CMRR), and customer churn.

Additionally, Sage Intacct Marketplace allows its users to take their business to next level by allowing accounting software's integration with top-of-the-class solutions such as  Point of Sale, Tax Management, CRM,  Inventory Management, Business Management, Time & Expenses, etc.

According to the ResearchAndMarkets report, the global accounting software market size is valued at $12.01 billion in 2020. The accounting software market size is expected to grow to $19.59 billion by 2026.

The Cloud Accounting Softwares are often referred to as SaaS accounting softwares and is a browser-based offering.  According to Verified Market Report, the global market size of cloud accounting software reach $4.32 billion by 2024. There are many companies providing cloud accounting software namely Intuit, Sage Intacct, SAP, Oracle NetSuite, Microsoft, Infor, Epicor, Workday, Unit4, Xero, Yonyou, Kingdee, Acclivity, FreshBooks, Zoho, Assit Cornerstone, MEGI, Reckon, KashFlow, etc.

EVP of Partners and Alliances, Sage, Aziz Benmalek, said, "Listing Sage Intacct in AWS Marketplace provides companies with a frictionless, digital experience from the get-go. We know from speaking to our customers that investors expect early-stage SaaS companies to prove different aspects of their business model at each stage of growth to achieve their next round of funding. Therefore, it is critical for them to have a scalable, modern financial management system at the core of their business – making Sage Intacct available in AWS Marketplace makes it even easier for them to achieve just that."

Director of Business Development, AWS Marketplace, Service Catalog, and AWS Control Tower, AWS, Chris Grusz, said, "Sage and AWS have a longstanding history of delivering leading cloud business management solutions for customers who are looking to elevate their work, digitally transform their businesses, and focus on work which drives real value to their end users. We are proud to have Sage Intacct available through Private Offers to our North America customers in AWS Marketplace."

Availability of Sage Intacct at the AWS marketplace will allow US users to easily deploy and leverage Sage's multi-tenant cloud financial management system, Sage Intacct. SaaS companies can start small and scale as per their requirements with the help of Sage Intacct at the AWS marketplace.

Sage Intacct can deliver a valuable opportunity for SaaS companies to efficiently manage cash flow and expenses, gain increased visibility on GAAP and SaaS metrics to better forecast the future, and expand their business with more control.

Deploying Sage Intacct from the AWS marketplace will allow SaaS teams to cut their financial close process by up to 80%, increase operational cash flow by up to 20%, and can grow up to 400% without additional finance headcount, notes the announcement.

The announcement also noted that Zest AI has transformed their financial accounting with Sage Intacct leading to shortening of the monthly close process by 33 percent, cut annual accounting contracting costs by 60%, and adopted ASC 606 practices. Additionally, Sage Intacct also supported Zest AI with due diligence for its $15 million capital raise.