Sage Intacct Reporting Packages | ICRW and IVE

Ren Stead:Thanks, gage, and good afternoon. Good morning, everybody. So as Gage mentioned, I'm Ren Stead and I'm a client success manager here at EisnerAmper. Part of my role is helping clients make the most out of Sage Intacct powerful capabilities and that naturally reporting and analytics. For context, part of my professional background includes consulting, so I've performed financial analysis. I've prepared board presentation packages and other compilation reports. Because of this experience, I can confidently say that Sage Intacct reporting capabilities are probably one of my favorite functionalities within the software. So it made sense for me to be here today and present to you all, which I'm very excited to do. Our agenda, our topics today, we'll be reviewing Sage Intacct reporting packages, which include your standard reports, your interactive custom report writer and interactive visual explorer, and how these will help you become more analytical within your organization. We'll also do a demo by Mary Katherine, and then we'll take some questions at the end. Okay.

All right, so a quick look into Sage Intacct. Hopefully most of you already know this, but for those who might not, Sage Intacct is a cloud-based financial management tool and the only one recommended by the A-I-C-P-A because it ensures gap compliance. It's also best in class solution, which means it can seamlessly integrate with all your other data hosts. What's real exciting is that Sage Intacct gives you the powerful enterprise grade reporting tools built right in. So no need to use an external reporting software, no more time loss spent in Excel. Right? That's what we'll focus on today by design Sage Intacct gives you the ability to use dimensions, which is a powerful feature for reporting purposes. You can tag the transactions throughout multiple dimensions, enabling granular and dynamic analysis. This means that you're going to be able to slice your data by any dimension, project, department, location, or any other dimension that may be relevant to your organization. Your data already lives within Sage Intacct and with the report and Visual Analytic Builders that we'll discuss today, you're now equipped to become your organization's strategic financial analyst.

Okay, so what makes these report builders truly valuable to your team? You're a finance leader and you're starting to, you've been hearing this for a while from your team. I need to report on past activities, making sure all my data was entered for the period close. Am I confident with my current process? I rely on Excel for most of my reports where I have to manually build custom calculations or merge financial data with statistical data. I keep rebuilding similar reports for all of my entities from scratch each month. I want to be proactive by forecasting some of our KPIs or key performance indicators for the next quarter. How can I do this? So some if not all of these questions or comments are a possible indication that your team or you are wanting to become more analytical and want to do it more efficiently.

Okay, so now you've realized that you need more complex reporting with more insights into your data, you now have access to two additional report writers to make this happen. I like to think of this reporting journey as building your organization organization's financial story in layers. So level one, you start with your standard reports. That comes with your core report builder, which all of you have access to within your Sage Intacct software, your level two, you have interactive reports with the ability to drill down into real-time metrics. This is where the magic happens. This is where you're able to analyze the data that drives your core financial statements. These are the reports that will guide your strategic decision making. And then level three, you have your dynamic visual storytelling tool with predictive dashboards, your IVE. This tool will allow you to export charts and key visuals for your executive meeting. So these layers are going to give you the desired depth of your financial data, and we're going to take a look at all three.

Okay, I'm going to go a little quick here because if you're a Sage Intacct user, you're probably already familiar with your core financial and customer report writers, but your financial report writer, right? This is where you're going to find your standard reports, your income statements, your cashflow, your balance sheet, your sub-ledger reports, right? Your trial balance. So these focus on compliance and completeness, okay? And then you have your core, excuse me. Then you have your core report writer wizard, right? So similar, you also have this as part of your core subscription, which allows some flexibility, right? You can build reports like a project p and l by location, a customer payment history report, an expense by vendor report, a positive pay report, right? This report writer is an excellent tool for some fundamental analytical insights, and again, these two report writers are part of your core subscription.

Okay? All right, so let's look beyond this basic reporting. So you're fast forwarding, you've been providing your executive team or your stakeholders with these key financial statements, the ones I just mentioned, but now they're starting to ask for more in-depth information. How does this revenue compare to last quarter across locations? What's the margin trend for each service line over the last six months? Can I see a profitability report by project? It's project manager and location? How long will it take to create this report? You notice I've iterated it twice because this is something you probably are hearing far too often. Too much time is being spent on building these reports with that depth that you or your leadership is looking for. So today, to be able to produce these reports, you've exported them to Excel. You've spent hours formatting or putting them together in pivot tables, and if your data changes or the person responsible for putting these together leads, now you're exposed to manual errors or incomplete or unreliable data, which means more time lost, right? This is where ICRW comes in, right? Your interactive custom report writer.

So some additional signs, so you're ready for more than your standard reporting capabilities. The biggest indicator, as I just mentioned, is how much time you're spending in Excel, time spent manipulating, formatting, validating in Excel outside of where your data lives. You're also continuously being asked to build the same reports of profit and loss with more dimensions. You want to use custom calculations to see how your statistical data interacts with your financial data. You're in a meeting and you're saying far too often. Let me get back to you with that answer. Okay? These are certainly telltales that you may want to add that second layered depth to your standard reports, and that's where ICRW shines. Okay? So what is it and what is it that makes it so great? So your interactive custom report writer is a tool that enables you to build powerful reports across a wide range of reporting areas.

Okay? With ICRW, you can now group and sort by any dimension. You can add the custom calculations, as I mentioned before, advanced formulas think if then logic, rolling sums, calculated totals across dimensions. You can now drag and drop throughout the user interface. You can swap columns, you can pivot data. You can drill into transactions in real time. You can filter by any dimension, right? Like I mentioned before, project vendor, customer, and even custom fields that you may have created for your organization. You can add prompts when running your reports like date, entity, and location. You can preview these in real time, which is pretty useful when you're building them instead of toggling back and forth to see what it's going to look like or what it's looking like as you're building them. So think of advanced business intelligence, power BI capabilities to transactional analysis within Sage Intacct, right?

So no technical knowledge needed, no maintenance, not leaving Sage intact. Okay? Something I would like to point out, there's two types of ICRW users. You have your builders and you have your viewers, right? So your ICRW report designers, these are the users in your organization that must be comfortable working with advanced reporting systems and object level data structures, right? So building reports with ICRW provides you that canvas with drag and drop capabilities. You can further refine your data using your transaction analysis. As we mentioned. We can do the grouping, we can do the pivot style formatting, we can do advanced trending and real time analysis. That's what is able to give you the ability to predict quicker. You can tell that story, but you also have the viewer user, right? So if you have the viewer ICRW, meaning you only have the ability to run, not necessarily build that report, your reports will still deliver the robust capabilities for viewer data analysis, right?

Your transactional data can still be easily explored and interpreted. You can still filter and pivot the information to explore the details further and still maintain the overall picture. Another neat thing that I would like to point out is that regardless of your ICRW type, you have a report library at your disposal. There are currently over 60 reports built in, so you can start using or customizing them right off the bat, and similar to your core report writers, you can memorize and schedule sent to folks in your organization that might not have access to Sage Intacct. You can also drop these into your favorite dashboards. You can link ICRW reports together and eliminate the need for spreadsheets. You have the flexibility to add content in a logical order and change and update the content as needed. You can then use the data from these reports in your dashboard to create quick visual insights in real time. I, okay? All right, so some signs you're ready for interactive Visual Explorer.

Let's take these reports even further. You've validated your actuals, you've built dynamic reports. You're starting to make sense of your data, or you already made sense of your data, but now your leadership team or your board wants to see the story behind the numbers, similarly to ICRW. Some of the questions or comments that you're hearing that's going to help you decide if interactive visual Explorer, IBE is right for you. We need to tell a story. We need to see trends versus just looking at the totals. We need to build board decks. We would love to do an exploratory analysis in real time using different types of graphs or visuals, not just my regular charts, basic formatting. Can we visualize instead of just looking at tables, right? That's where IVE comes into play.

So what is it and why is it great? Interactive Visual Explorer allows you to present data in different formats, right? It's an interactive visual explorer tool that helps you visualize multidimensional angle angles with over 200 prebuilt visualizations. These will also help you predict insights while narrating your results in a seamless and very time efficient way. You no longer have to build in Excel, and now you're using a prebuilt data structures and visuals that eliminate those manual efforts, right? This leaves your team with more time for more analysis. So again, the takeaway less excel, more time back.

Okay, so this is what IV looks like in practice, right? You have a heat map highlighting underperforming regions ideal for sales managers. You have a trend graph showing improving margins quarter over quarter. You have a scatterplot identifying locations with the highest overhead, but perhaps the lowest revenue, and then 22 other tools to share those insights with. So I added this slide because I want to give you a visual for the visualization tools. Okay? Alright. So furthermore, besides visual dashboards, what else can you do? You can drill through and hover over insights. You have real time answers during meetings. You can export these and add them to your board presentation package here. I also want to point out the narrate overview. As you start to explore data and visualizations, you can capture important information in one workspace or add more insights and build your story. The narrated workspace allows you to create presentations from visualizations. You can use these presentations in live events or export them, export to files that can be shared as previously mentioned. Really show the story through visuals. And I wanted to add a quick anecdote here. I once worked for a client who was a PE backed company, and their board packages were exclusively visuals, and that was on purpose. The board was composed of former CFOs and CPAs, so they didn't really need any handholding reviewing the financials. What they were looking for was the story. They wanted to feel that trajectory of their organization, their words.

This is the perfect tool for the visual analyst. Since IVE is native to Intacct, it doesn't require it or any outside visualization integrated tool. Truly anybody in your organization can become a visual storyteller with IBE. Okay? Sorry about that. All right. Lastly, before I pass it over to Mary Katherine for our demo, so I want to share a very straightforward but relevant use case and how we built from historical to interactive and then to visual, right? So you have your revenue performance by product or service report, right? Pretty standard can be accomplished through your core or financial report writer. But then you want to add a layer to that. Now you want to see your revenue by product or service and maybe by project manager, then by location, and then showing revenue growth trend year over year. That's where I see your W is going to be able to provide that. Then you want to take it one step further. You want to build a hem map that highlights your high earning regions and dies this data in real time during your meeting. That's where IV comes in, okay? So the layer of depth that you're looking for is going to help you determine the reporting tier that's right for you.

Okay? All right. So before I pass it over to Mary Katherine for our demo. Gage, are there are any questions that I can answer?

Gage Ulrich:Yes. We do have one question in the q and a box right now. They want to know what is a dimension.

Ren Stead:A dimension is a tool that you can use to tack transactions. So instead of having multitude of general ledger accounts, you instead are going to have a concise chart of accounts and you're going to use dimensions. They're like class fields and you have a multitude of them. You can use dimension, sorry, location as a dimension. You can use a project by dimension, et cetera. So that's going to help you build these reports and slice this data into multitude dimensions, which gives you more insight into the same data.

Gage Ulrich:Thanks, Ren. That's all for now.

Mary Katherine Field:Alright, I think it's my time away. You guys we're doing all right. Alrighty. So I will be handling you guys from a demo perspective today. Like Ren mentioned, or I guess Gage mentioned earlier, I've been with the firm for about four years. So my focus area day to day is mostly on the implementation side. So you guys, some of you, your names are familiar, so you may remember me from your implementation or even post implementation, but that's just as an introduction to me, kind of where I come from. We're going to be diving into ICRW and IVE today within Sage Intacct. So I'm going to share my screen and I'm hoping that the technology agrees with me.

Alrighty, A little bit of a lag, but bear with me. Alright, so rent's done a really great job of covering kind of the what and the why, but I want to start today by just focusing on where it is. So for some of you, you might be a Sage intact user today and you may have these reporting tools at your fingertips. So you guys are pretty familiar at that point with where these guys live. They live within your reporting modular and Intacct. For those of you who are new to this who maybe don't have these tools today, again, these tools are native to Intacct. So they live all within kind of a consolidated reporting module in the system. So we're going to start with ICRW. ICRW has or comes just standard with a pretty robust reporting library of just standard prebuilt, pre-configured ICRW reports. One of the first things I want to call out here is this reporting area.

Probably the first question I typically get with clients when they get into ICRW for the first time is I don't understand what the difference is between a normal standard report that I'd be building and a report I'm building with ICRW. So kind of keeping that scalable concept in our mind throughout this presentation. Understanding that with I-C-R-W-I-C-R-W recognizes that there's lots of components of your GL data. So your standard reports and intact are going to be built primarily off of GL accounts and account groups. ICRW takes that and kind of blows it wide open. Again, kind of understanding that there's multiple components of that GL data or transactional data that you might want to report off of. So it takes those reporting objects, reporting areas to a more granular level and allows you to report off of those as kind of a primary driver for whatever report it is that you're looking at in ICRW.

So very robust, like I said, report library, that just comes standard in ICRW, lots of different reporting areas. You guys can see examples of here. I just want to focus in on just a somewhat basic, if you will, ICRW report, which is this AP bills list. So on the surface, obviously this report looks very similar to a bills list and intact for those of you who are familiar with the system or even a bills register. But if you dig a little bit deeper, one of the things you're going to notice is that this ICRW tool when this report was built out, was kind of used to scale the usefulness of those report registers or bills lists that are inherent in the system. Just basic functionality. So to kind of go back a step and go back to one of the things that Ren mentioned, ICRW is really ideal for teams that are looking to not only scale their reporting but get a little bit more, I don't want to say user-friendly because the standard reporting package is and intact is super user-friendly, but I think at the end of the day, ICRW brings an element almost of excel into the system and drives that into the system in a more inherent way.

So one of the things that I think almost every one of my clients at some point has asked is how do I filter within a report? That's some of the things you're seeing just right off the bat within this ICRW report, the ability to filter once the report has been run and see that report in a more dynamic format. Another thing that we have a lot of clients ask for is calculations and things like that. So standard functionality and standard reports. You have some very basic calculation functionality, but ICRW takes that a little bit, I guess multiple steps further and allows you to do more complex calculations and really streamline not only the calculation, but some of the customization around it. So for this example in this AP bills list, getting to that calculation of, well, how many days have lapsed since its original due date, how many days overdue, things like that.

I think one of the biggest things as an end user who moved into SAGE on the implementation side that I missed with Excel as I started using Intacct reporting more and more was drag and drop functionality. I loved being able to play around with that in Excel. That's something that's inherent in ICRW and you're going to see also in IBE with one of the reports we look at there. But drag and drop functionality is one of my favorite things about ICRW. Just being able to customize the report, have it make sense to you in real time. So multiple users. Ren touched a little bit on the different types of users with ICRW, but the beauty of some of this drag and drop functionality is the ability to in real time have whoever's viewing the report be able to move things around and have that report format wise, make more sense to them in real time.

Alright, so just one last touch point on this. I mentioned Excel, but I'm going to bring it up anyway. So obviously in the past, if you're using ICRW in the past, reports like this may have required you to export data from multiple areas of the system, consolidate it into Excel, do a lot of customization and things to get to the information that you needed. ICRW is taking all of that and it has it all built right there in the system. You can get it in intact in seconds, minutes to build the report, seconds to use it. The last little thing here I wanted to mention to you is export functionality. We're going to touch on that with IVE as well, but any information that you can get into the system, you can get out of it. So with ICRW, same functionality as you would see with standard reporting. You have the ability to export reports straight out of in real time or just one off if you will, out of ICRW as well. So wanted to touch on that. But overall, very, very simple, but very robust report at the same time. All right, so before we transition to IVE, I wanted to go back to Gage and just see if we had any questions in the chat that we needed to address before we move on.

Gage Ulrich:Yes, we do have one question they'd like to know. Can I test ICRW in my Sandbox?

Mary Katherine Field:That's a really good question. So yes and no, A little bit of both. So we have some demo environments that have ICRW pre-configured in it that we'd be happy to give you guys access to if you wanted to do a little bit of testing. Really kind of a use case scenario. It also depends on what kind of reports you're wanting to build out. We may have some pre-configured reports that we can just hop on a call and show you, but within your own sandbox environment, no. So a little bit of a caveat there, right? You we're happy to show it to you anytime. No, in the sense of we can't give it to you in your own environment. So great question though. Really great question.

Gage Ulrich:Thank you. That's all for now?

Mary Katherine Field:Yeah. Awesome. Alright, so we're going to go ahead and switch over to IVE. So circling back on just the where, right? Same thing IVE also inherent in your reporting package once it's been purchased. So IVE, we're going to hop over to there and kind of circle back on the report library as well. So visual board library you guys with IVE, you're going to have a standard set of IVE reports as well. Keeping in mind that these are what IVE calls visual boards. So just from an overall concept perspective, visual boards essentially take a bunch of different analytics, a bunch of different visualizations and consolidate them all into one place. So any one of these number of these will have multiple or potentially have multiple visualizations built into them. So just to give you guys kind of an overall understanding, let's take a look at one of them.

The use case I always like to kind of think of IVE as being super useful for is my previous experience as an end user of Sage on the sales side of things. So we're going to take a look at this IVE sales report or sales visual board as I mentioned. So with IVE, one of the biggest gains I would say that you see right off the bat using this tool is the dynamic interface. So yeah, obviously inherent in IVE is great visualizations, very robust ad hoc reporting. But one of the things that I really loved being an end user using it was how dynamic it was as I used it. So one of the things you'll notice right off the bat, obviously really pretty visualizations, all super customizable. However, if I'm using it as an end user, one of the things I want to see is a little bit more of a dynamic approach to the analysis, right?

So I want to look at this just for sales and voices. If I filter this specifically down, you'll notice the dynamic nature of the visualization as I go. It might be lagging. There you go. So that's one of my favorite things about this IVE tool. Obviously it's something you notice right off the bat, very dynamic, just fantastic functionality. So I want to circle back to on the ICRW concept, I think it's something I may have skipped over IVE and ICRW because they are kind of a scalable, so they're taking that standard reporting just multiple steps further, IVE looks at your reporting opportunities very similar to ICRW. So IVE recognizes that your analytical needs are going to extend potentially well beyond just what you can get with the basic GL account information at the very basic GL account level. So reporting areas. I think if I go back a step, you guys will notice with this IVE tool reporting areas are used here as well, just like you saw in ICRW, but I wanted to circle back to that because I realized I skipped it. So circling back into this IVE into this visual board, we've talked a little bit about the dynamic nature of being able to filter for a multitude of things real time as you're using it.

Let's kind of circle on the basic functionality in it. So when I'm in one of these visual boards, obviously right off the bat I can filter it down. You saw the dynamic nature of how things changed. But once I've kind of narrowed it down, filtered it down to the information, I want to see what information's available right at my fingertips as I'm using it. So if I'm hovering over any of these visualizations, notice I'm getting just a very quick snapshot of the numbers behind that. If I click into it, I'm getting a little bit of a lag. If I click into it, you'll get a little bit more detail. We'll circle back to that on the customer analysis as well. I want to keep rolling through this just in the interest of time, but so let's circle back. Let's kind of move over, I guess, if you will, to this transaction type.

So again, dynamic nature. You're seeing that as I applied those filters, the dynamic nature of these reports changed. I'm hovering over, I'm seeing snapshot data. If I'm clicking into it, notice how there are other visualizations that are going to dynamically change as well to give me a more targeted or granular set of information. So very, very dynamic. I'm going to keep using that word. Sorry if I'm kind of butchering it, but that really is ultimately my opinion, having been an end user of this particular tool, one of the most beautiful things about it is its dynamic nature and the ability to kind of have it ebb and flow as you need it as you're using it. So I'm just going to click through these really quickly. You're going to see a lot of the same functionality that I was just talking about, but I want to show you guys some of the other opportunities that you have from a visualization perspective.

Ran hit the high points really well, showing the heat map and a lot of the other different kind of formats that you might see some of these visualizations in. But I just wanted to click through and show you guys some examples. I am analysis from a sales perspective, for those of you who are familiar with Sage Intacct, item analysis is super important. If you're using things like order entry or inventory, wanting to be able to see sales itemized, things like that, IVE is a really robust tool when it comes to those sorts of analytics analyzing multiple dimensions in one place. So you're seeing, to go back to that dimension question, that was a great question. You're seeing location dimension here. You're seeing item dimension down here. So IVE and ICRW both, but IVE for this particular example, they do a really good job of consolidating and combining multiple layers of data to get on that dimension.

Question two for a second. I think dimensions and intact are the true superpower of the system. They're just classifications at the end of the day for data, and they give you the ability to truly pivot out your data and pivot out even in a visual way as you're seeing here. So location, you're pivoting by location and item in this particular example. Lots of really great visualizations. I'm just going to click through here really quickly to show you guys some of the other examples. But the last component of IVE that I wanted to show you guys is this last tab here, which is a transaction details analysis. So right off the bat, you guys are probably noticing that the format of this is more similar to that ICRW report we were just looking at, and I think that's super important to touch on because while yes, visually IVE is a fantastic tool for things like charts, graphs, heat maps, things like that.

It also has more standard format capabilities as well. So one of the main benefits I found as an end user of IVE and ICRW was kind of like I mentioned earlier, having that Excel more similar to Excel, I should say Excel oriented functionality in the system. IVE has that as well. So being able to combine some of the more visual with some of the more standard reporting formats and putting all of those within one place for you to do kind of a deep dive or deeper analysis, rather than having to pull multiple reports, export them to Excel and go from there. On that topic of exporting as well, I just want to call out at the top of the screen and really on any of these boards that we might be looking at, the ability to export the data, all of that, the flexibility to get, like I said earlier, the data out, if you can get it in, you can get it out with Sage Intacct.

So that concept, that rule applies in IVE and with ICRW as well. You can get it in, you can get it out, just gives you a different format to do so. So lots of flexibility, lots of things to gain here with IVE. I think one last point I'm going to mention too, because like I said, I was an end user of Intacct for several years before moving to this firm and into the implementation side of things, and one of the things that I found using ICRW and IVE was it just extended that collaborative nature of the system. These tools are built for collaboration. They're built for your managers to be able to collaborate and to have multiple personalities, multiple different people who have maybe different ways of wanting to look at things, be able to look at it all together in the same place. So yeah, I think ICRW and IVE are great tools for collaboration.

Obviously they're fantastic from an information perspective, but just keeping in mind the export functionality, the different user types with ICRW at the end of the day, they're meant to be collaborative tools as well. So fantastic tools. I'll kind of click back through here too, just to give you guys some more screenshot opportunities. But yeah, so lots of exciting opportunities to be found with these two tools. And if any of that resonates with you guys, I think ICRW and IV are worth exploring. So, all right, before I hand things back to Ren Gage, do we have any other questions in the chat?

Gage Ulrich:Yes, we do have one. Are you able to show a sample of a profit and loss with the ICRW?

Mary Katherine Field:Yeah, absolutely. So if I move over to ICRW really quickly, I actually have one that I just went ahead and built out that was categorized. So kind of keeping in mind again, being able to take the more standard functionality that just takes basic GL accounts, GL groups, and formats accordingly, ICRW gives you an opportunity to more or less, I'm going to just run it wide open. ICRW gives you the ability to not only format a little bit differently, but also report a little bit differently, see the information grouped in a little bit of a different way and have multiple scales of opportunity in one place as well. So this is a really great example from a profit and loss perspective. I've taken my profit and loss, I've categorized it very high level revenue expenses within the same report. I've taken that category one level down and summarized by category. And then within that same report I've taken that ized summary and I've made it detailed right down to the GL account level. So really great example here. Yeah, lots of opportunities, but I think this is just a specific example of one. Yeah, awesome.

Gage Ulrich:Great question. Yeah, thanks Sam. Kay. I also have one other question. Are you able to put any of these reports on your dashboard?

Mary Katherine Field:Yes, absolutely. So I have probably said it six times and I'm so sorry if I keep repeating it, but yes, if you get it into Intacct, you can get it out even if getting it out is in the format of a dashboard. So that concept applies to I-C-R-W-I-V-E reports can be added to dashboards, they can be shared across dashboards, all of the same dashboard sharing reporting capabilities that you get with the standard reports you can get with ICRW and IVE e reports as well. I'm just going to show you really quickly a dashboard that has an example of that. This particular dashboard has an IVE report on it. So for the example of maybe a controller wanting to look at budget to actual information, here's your more standard profit and loss, here's the IVE version of that. So your standard profit and loss is showing you just that snapshot, that time period for that month. This IVE report is essentially showing you what that budget to actual looked like over time. And yes, like I said, all of that can be dropped into a dashboard. So this is an IVE report, but on the ICRW side of things, if I click over to this executive dashboard, if it'll load, you'll see an ICRW report here as well. So yeah,

Gage Ulrich:Thank you. We actually do have another question as well. How easy is it to build these reports from scratch?

Mary Katherine Field:Ease is relative. So one of the things I will say is Intacct does a fantastic job of providing resources to learn how these tools work. I also think that's one of the benefits of having someone like EisnerAmper as your partner. We're happy to provide any information, any kind of training tools, expertise that you might need to be able to build these reports out. I think at the end of the day, it just depends on what kind of reports you need out of ICRW and IV. We have clients that run the full spectrum of wanting it just for one specific report or one specific type of report to wanting an entire dashboard filled with very complex reporting. So it's as quick and painless or as not quick and painless as you want it to be, but I think having someone like EisnerAmper as your partner gives you access, just immediate access to a bench of expertise that can help you build out just about anything you could possibly need. So yeah, great question.

Gage Ulrich:Yes, thank you mk. That'll be all for now.

Mary Katherine Field:Awesome. Alright, well I will hand things back to Ren. Thanks. Thanks everybody for your time.

Ren Stead:Thank you so much, Mary Katherine. So I just wanted build on the answers that you gave on two of the questions that have come up. Can I test my ICRW in my sandbox? It can be accessed only after it's been provisioned in your production environment, but we probably find it best that it might make more sense to play with ICRW in your production environment, given that you have your real data there. So that's just a recommendation. And then similarly, I know Mary Katherine was able to show us an example of a profit and loss in ICRW, but to point out ICRW is not intended as a tool to replicate your standard reports. Your financial statements use GL based grouping and structures. I RW is intended for the detailed transaction or reporting, providing the insights into those transactions that constitute your general ledger. So I just wanted to add those two things there.

Well, thank you so much Mary Katherine. So moving right along. Okay, I love that you ended on the last question because that's what I was going to touch on next, right? Like the training resources, right? So I would like to mention a very exciting part about Sage Intacct, and if you haven't already picked this up, I get really excited about all the things Sage Intacct has to offer, but in this case, the resources that we mentioned already. So some of these reports perhaps, or visuals we've shown today may seem a little complex, but that's because they're powerful, but definitely not out of reach for the end in regular business user. So Sage Intacct was designed for the user in mind as a consultant. Personally, I've seen and used probably too many software solutions to even count, and one of the most frustrating parts of my experience has been the lack of these resources.

When I'm trying to work something, I can't figure that out. But in contrast, each intact really offers you plenty of direction, right? So with an intuitive design, it allows you to drag and drop as we saw before, as you build your reports. So no coding or technical experience is needed. You can have access to your pre-installed report library, right? With even more reports that you can customize, right? You have the SAGE University which offers you and your team tons of videos and tutorials. You have the help center, which in my opinion is super undervalue, right? It's probably one of the most robust knowledge bases across the board. It gives you step-by-step tutorials on any topic and within your Sage Intacct, including how to build these reports and basic troubleshooting. And then lastly, your VAR partner, the EisnerAmper team. So what's really special about your partnership with EisnerAmper is that we just don't help you implement Sage Intacct. As Mary Katherine mentioned, we help you use the strategically and that's really our main goal here.

Awesome. Alright, so lastly, so to recap, right, if we were able to summarize everything we talked about today, so accounting relies on accuracy and precision and financial analysis. Is strategic storytelling leveraging such accurate data to influence what happens next? And we saw that journey with these report tiers, right? So I'll leave you with this. Are you still asking what or are you ready to ask? What should we do next? Sage Intacct empowers you to answer both. Alright, so that's it on my part. Thank you so much everybody for joining. I hope you're leaving with useful information about how ICW and IVE can support your organization. Alright, back to you, gage.

Gage Ulrich:Yes, thank you Ren now it'd be a great time if anybody has any more questions, we're here to go ahead and ask 'em. I do have one for you. Ren what is the difference between a dashboard and IVE?

Ren Stead:Oh, that's a good question. I can see how they look similar. So I would say a dashboard is a combination of your reports and real time metrics. While Ivy helps you with the visualization of your reports as well as helping you predict, that's the key differentiator and dig deeper into the data that may live in a dashboard. Yep.

Gage Ulrich:Thanks Ryan. What about how easy is it to implement ICRW?

Ren Stead:There's no implementation, so there's no cost or implementation process. It's just being able to provision that module for you.

Gage Ulrich:Another great question coming in, what is the difference between the financial reports and ICRW? Can I build financial reports inside of it

Ren Stead:In ICRW? Yeah, so as we mentioned before, you can, and Mary Katherine was able to show us an example. In our opinion, it's not intended for it, right? As I mentioned before, the financial statements use GL based grouping and structures that is already preset for your financial report writer and ICRW can just help you build more analysis on the transactions that make up that GL, right? The data that lives in your financial statements. I don't know, Mary Katherine, you want to add more to that?

Mary Katherine Field:Yeah, yeah, I can add a little bit more to that. So with your standard reporting and Intacct, the base structure of that is just your GL data, right? Your very basic GL account or GL groupings if you're using GL account groups, ICRW is really meant to kind of take that multiple layers further because the IRW tool is just inherently understanding that there's a lot of different components of your GL data that you might want to report off of. So with your standard reporting, your reports are just looking at your GL accounts. They're purely looking at your GL accounts and maybe any GL account groupings that you have built out. ICRW takes that steps further by saying, Hey, maybe you want to report off of a specific type of transaction within your GL data. You're not wanting to just see all of the information that's hit my specific expense account.

I'm looking to report just on a specific type of transaction within my GL data. That's kind of where ICRW comes more into play. So when we look at financial reports, we kind of think of it wanting to show the full picture, right? Wanting to show everything that's in my gl. That's where the standard reporting tools are beneficial because like I said, they're just looking at what's in your gl. They're not looking at any other layer of detail that might be underneath the surface ICRW. That's where that kind of underneath the surface analysis starts to come into play when you're wanting to take that financial statement analysis a couple steps further and say, okay, it's great that my total expenses for this month were X dollars, but I want to see that broken out by the type of transaction or by maybe something that goes outside of the scope of even just your dimensions, which we touched on earlier. So definitely meant to be less of a just basic financial reporting tool and more of a deeper analytical tool, if that makes sense. But it absolutely can create, you can create financials in there like we looked at. I

Gage Ulrich:Okay, great. Thank y'all so much. I do have another question. This might be a little bit more technical, but for the construction industry in specific, do you suggest not turning on this feature until all important data such as estimates and budgets, commitments slash change orders have been entered?

Mary Katherine Field:I mean, I wouldn't necessarily say not turning it on. So keeping in mind that this is kind of an add-on functionality, so it's not necessarily going to affect your ability to use other functionality or other functionality isn't necessarily contingent on having it and there's benefits to having it even before the full scale of your construction. I'm going to consider that an implementation has taken place. There's definitely information that you can get out of ICRW in other areas that don't require that. If your intended use of ICRW is going to be specifically for reports that are related to your construction estimates, budgets, commitments, change orders, things like that, I would say probably because the tool won't necessarily be very useful for those types of reports until you have the data behind them to look at. But there's multiple uses for ICRW outside of just that. So you're using it just for construction then? Yeah, I say hold off, but if you're maybe wanting to use it for analysis in other areas, then you don't have to have all your construction stuff set up to use it.

Gage Ulrich:Yeah. Thank you so much. Right now I'll do a last call for questions. Are there any more out there?

Ren Stead:There's been some really good ones.

Gage Ulrich:Yeah. Question. Yes. Thank y'all guys so much.

Alright, well with that, thank y'all again for y'all's time and if you're interested in diving any deeper into this, maybe you have some more questions you want to ask us. Each of our emails is over on the side or maybe if it's just, Hey, I've never used Sage Intacct before, but maybe I'm coming off of QuickBooks or another accounting software error and I'm interested in how this may be able to help my organization. Feel free to reach out to any of us. We'll definitely be able to get in touch with you. So thank y'all guys. I'll turn it over. Back over to Bella.

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