Understand your restaurant group's performance with fully automated allocation software embedded within Sage Intacct. Managing complex financial allocations can be time-consuming and error-prone, often leading to inaccurate reporting and misaligned budgeting. Sage Intacct offers a powerful feature called Dynamic Allocations to address these challenges. Sage Intacct Dynamic Allocations can streamline financial management, enhance accuracy, and empower organizations to make informed decisions.
Sage Intacct's Dynamic Allocations At-a-Glance:
- Eliminates the need for spreadsheets
- Saves an average of three days a month
- Easy set-up and repeatable allocations to save time
- Automatic corrections to avoid post-period adjustments
- Compare allocation methods to drive strategy
- More transparency with a rock-solid audit trail
Understanding Dynamic Allocations:
Sage Intacct Dynamic Allocations is a financial tool designed to distribute and allocate financial transactions across multiple dimensions based on user-defined rules. For restaurant groups, these dimensions can include locations, departments, entities, or any other relevant attribute within a restaurant group's chart of accounts. By automating the allocation process, Sage Intacct empowers restaurant group finance teams to save time, reduce errors, and gain deeper insights into their financial data.
To understand how it works, please visit our landing page to watch a video or download a datasheet. Click here >
Five Key Benefits of Sage Intacct Dynamic Allocations:
- Enhanced Accuracy: Manual allocation processes are prone to errors, such as data entry mistakes or overlooking crucial variables. Sage Intacct Dynamic Allocations creates accurate and consistent allocations, reducing the chances of financial discrepancies and improving the reliability of financial reports.
- Time Savings: Traditional manual allocation methods can be extremely time-consuming, especially for complex allocation scenarios involving numerous dimensions. With Sage Intacct Dynamic Allocations, restaurant group finance teams can automate the process and significantly reduce the time spent on repetitive and tedious tasks. You can focus on critical tasks such as analyzing data and making strategic decisions by saving time.
- Flexibility and Customization: Sage Intacct's Dynamic Allocations provide high flexibility and customization. Sage Intacct accommodates diverse allocation requirements to fit each organization's restaurant group needs.
- Real-Time Insights: Sage Intacct Dynamic Allocations provide real-time visibility into financial data. With this feature, finance teams and decision-makers in the restaurant group can easily keep track of important metrics, detect trends, and make sound decisions quickly.
- Audit Trail and Compliance: Accurate financial reporting and compliance are critical for any organization. Sage Intacct Dynamic Allocations automatically generates an audit trail, documenting the entire allocation process. Being transparent helps improve internal controls and ensures compliance with accounting regulations and audit requirements.
Accuracy, Efficiency, and Flexibility are Essential to Restaurant Groups
Sage Intacct Dynamic Allocations offer a powerful solution to restaurant groups to streamline financial management, automate complex allocation processes, and improve the accuracy of financial reporting.
Sage Intacct, powered by Tablespoon, is a trusted choice for restaurant groups seeking to optimize their financial management processes and drive growth.
