Finance software with integrated PSA for consulting firms

Sage Intacct is cloud finance software built for the sophisticated needs of consulting firms and practices. Unlike generic accounting software, Sage Intacct offers:

• Integrated engagement accounting
• Real-time profitability analysis
• Advanced billing
• Multi-entity partnership management

The platform seamlessly handles intricate fee structures, automates partner profit sharing calculations, and provides the detailed engagement visibility that consulting leaders need to make strategic business decisions. With native integrations to popular consulting tools and purpose-built workflows for knowledge-based businesses, Sage Intacct eliminates the financial friction that prevents management consulting firms from scaling their impact effectively.

Professional Services Automation (PSA) refers to software solutions designed to help service organizations—such as marketing agencies, consulting firms, and other service providers—manage their entire project lifecycle. PSA typically encompasses front-end activities like proposals, estimates, and forecasting, as well as operational functions including resource management, time and expense tracking, vendor management, and project billing.

Sage Intacct provides PSA support through two main approaches:

Core Sage Intacct capabilities: As a comprehensive financial management solution, Sage Intacct helps customers "own the dollar" by providing complete visibility and control over all project financials. This includes project budgeting, billing, time and expense tracking, accounts receivable and payable, vendor management, purchase orders, and comprehensive project financial reporting, along with talent management tools for operations and project managers.

Sage Intacct PSA: For organizations requiring more advanced PSA functionality, Sage offers a dedicated AI-powered PSA solution that requires separate licensing. Sage Intacct PSA streamlines professional service organizations by automating project management, resource allocation, time tracking, and client management. 
This solution provides real-time and predictive insights for accurate forecasting of resource demand and strategic allocation along with advanced features like capacity planning, workload visualization, and AI-driven recommendations for optimal resource allocation.

Both solutions ensure you have the tools needed to manage profitable projects and make informed business decisions, with the flexibility to choose the level of PSA functionality that best fits your organization's needs.

Sage Intacct's AI-powered timesheets are specifically designed for the complex time allocation needs of consulting practices. Unlike basic time tracking tools that simply record hours, Sage Intacct learns from consultant work patterns and automatically suggests time entries based on calendar appointments, engagement schedules, and historical data. The AI can pre-populate timesheets with likely activities, detect inconsistencies in time allocation patterns, and even suggest optimal time distribution based on engagement budgets and deliverable deadlines. For consulting firms, this means more accurate client billing, better engagement profitability analysis, and reduced administrative burden on consultants. The system also supports complex time allocation scenarios like splitting hours across multiple clients or projects, ensuring that your billing accurately reflects the sophisticated nature of consulting work.

Sage Intacct automates billing for even the most complex arrangements, including:

• Retainers
• Success fees
• Milestone billing
• Blended rates
• Value-based pricing

Invoices pull directly from approved timesheets, expenses, and milestones—no manual entry needed. The system supports multi-currency invoicing, client-specific formats, and automated approvals. Revenue recognition tools ensure compliance and give clear visibility into earned vs. billed revenue.

Sage Intacct delivers comprehensive financial reporting specifically designed for the unique needs of management consulting practices. You get: 

• Real-time engagement profitability analysis, allowing you to see which engagements, clients, and service lines are driving the most value for your practice. 
• Executive dashboards offer instant visibility into key performance indicators like consultant utilization rates, billing efficiency, and cash flow projections. 
• Multi-dimensional reporting capabilities enable you to analyze performance across different practice areas, geographic locations, client industries, and engagement types. 

Sage Intacct provides sophisticated partner profit sharing reports, practice area P&L analysis, and automated consolidation capabilities for multi-office practices. Unlike generic accounting reports, Sage Intacct rich reporting is purpose-built for knowledge-based businesses, providing the strategic insights that management consulting leaders need to make informed decisions about practice development, resource allocation, and strategic growth initiatives.