Key insights
Great Plains software is sunsetting in 2025, leaving many health care and life science organizations in need of an alternative solution.
Sage Intacct is a cloud-based financial management system offering industry-specific functionality, cloud-based flexibility, scalability, advanced reporting, and robust security.
Transitioning from Great Plains to Sage Intacct requires careful planning and execution; CLA can help with end-to-end assistance throughout your entire transition journey.
Great Plains software is sunsetting
Great Plains software, also known as Microsoft Dynamics GP, has been a trusted and popular financial management system for organizations across various industries, including health care and life sciences. It offers robust functions and capabilities, including accounting, budgeting, and reporting.
However, as technology progresses, software companies often retire older products to make way for more advanced solutions.
In 2025, Great Plains software is scheduled to sunset, signaling the end of its support and updates —leaving many organizations in need of an alternative solution.
The need for a transition
Sunsetting software poses challenges, particularly for those heavily reliant on the discontinued system. Health care and life science organizations, with their distinct operational requirements, must seek a suitable alternative to foster uninterrupted financial management.
Transitioning to a modern and industry-specific solution like Sage Intacct can provide numerous benefits and mitigate risks associated with using outdated software.
Introducing Sage Intacct
Sage Intacct is a cloud-based financial management system designed to meet the complex needs of health care and life science organizations. It offers robust industry-specific features, empowering businesses to streamline financial operations, gain real-time insights, and drive informed decision-making.
Industry-specific functionality
Sage Intacct is designed to handle some of the specific financial reporting challenges faced by health care and life science organizations, such as compliance, grant management, and project accounting. It provides dedicated features and reporting capabilities catering to these requirements, promoting accurate financial management.
Cloud-based flexibility
As a cloud-based solution, Sage Intacct offers anytime, anywhere access to financial data. This flexibility allows organizations to adapt to remote work environments, collaborate seamlessly, and provide secure access to relevant stakeholders.
Scalability and integration
Sage Intacct grows with your organization. Whether you’re a small clinic or a large research institution, the software can scale to accommodate your evolving needs. Furthermore, it integrates smoothly with other key systems like electronic health records (EHR), payroll, and billing systems — enhancing overall operational efficiency.
Advanced reporting and analytics
Sage Intacct provides comprehensive financial reporting and analytics capabilities. It offers real-time insights into key metrics, customizable dashboards, and drill-down capabilities, enabling organizations to make data-driven decisions and drive financial performance.
Security and compliance
Health care and life science organizations handle sensitive patient data and must adhere to stringent regulatory requirements. Sage Intacct prioritizes data security, offering robust safeguards, encryption, and compliance with industry regulations such as HIPAA and SOX.
Planning the transition to Sage Intacct
Transitioning from Great Plains to Sage Intacct requires careful planning and execution. Consider some essential steps:
Assess your needs
Understand your organization’s specific requirements and pain points. Identify the functionalities and features you need from a new financial management system.
Data migration
Determine the data to be migrated from Great Plains to Sage Intacct. Plan and execute a data migration strategy to support an efficient transfer of historical financial information.
Training and change management
Prepare your team for the transition by providing comprehensive training on Sage Intacct’s functionalities. Facilitate a smooth adoption of the new system with effective change management.
Engage skilled personnel
Consider collaborating with a trusted Sage Intacct implementation consultant with experience in health care and life science organizations. Their proficiency will help support a successful and efficient transition.
Why choose Sage Intacct?
As Great Plains software sunsets in 2025, health care and life science organizations must proactively plan to transition to a modern financial management system.
Sage Intacct emerges as an excellent choice, offering industry-specific functionality, cloud-based flexibility, scalability, advanced reporting, and robust security.
By embracing Sage Intacct, organizations can streamline financial operations, gain real-time insights, and position themselves for success in the evolving health care and life sciences landscape.