Sage, a leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), has unveiled new enhancements for Sage Intacct. These updates aim to streamline financial operations, enhance security, and provide global support. The key feature of this expansion is the global rollout of AP Automation, which significantly optimizes accounts payable processes and brings substantial cost savings.
- Global Rollout of AP Automation:
- AP Automation utilizes AI to streamline financial workflows by automatically creating draft bills from uploaded documents and identifying issues like duplicates.
- In the US, businesses are processing over 10,000 bills per month with this tool, reducing processing time by 50% and saving over $100,000 annually.
- New Sage Intacct Product Release 3 2024 Enhancements:
- Elevated Time Entry Experience:
- New Sage Intelligent Time feature improves clarity with enhanced AI assistance for activity card titles and automatic time entry descriptions.
- Available in the US, Canada, Australia, South Africa, and the UK.
- Automated Employee Expense Submission—Early Adopter:
- Employees can now email receipts directly from any device, with AI and machine learning improving coding accuracy.
- Available in the US.
- Sage Intacct Financials Certified by AFNOR in France:
- NF 203 certification from Infocert enhances security and regulatory compliance for French customers.
- Available in France.
- German Electronic Tax Submission:
- Support for the DATEV file format simplifies tax compliance for German organizations, improving accuracy and workflow efficiency.
- Available in Germany.
- Enhanced Interactive Custom Report Writer (ICRW):
- New customizable reports offer deeper insights into order summaries, customer aging, and purchasing activities.
- Available globally.
- Enhanced Email Delivery and Insights:
- Improved email delivery service with DKIM ensures secure and efficient communication, with detailed delivery logs.
- Available globally.
- Sage Intacct and Kanso Solution for Affordable Housing:
- Partnership with Kanso offers a comprehensive cloud solution for public housing management in the US and Canada, enhancing compliance and data accuracy.
- Hold And Resume Contract Schedules:
- Users can now manage billing, revenue, and expense schedules across multiple contracts with improved filters and a streamlined interface.
- Available in the US, Canada, Australia, South Africa, and the UK.
- Exporting Taxable Payments Annual Reports:
- New feature simplifies compliance with the Australian Tax Office by automating the export of Taxable Payments Annual Reports (TPAR) files.
- Available in Australia.
- Joint Checks Payment Method for Construction:
- New feature for the construction industry simplifies payments to two-party vendors, reducing risks and eliminating complex workarounds.
- Available in Australia, US, Canada, and the UK.
- Boosted Insights in Revenue Recognition:
- Integration of basic contract tracking into Revenue Management for better visibility, accuracy, and forecasting capabilities.
- Available globally.
- Elevated Time Entry Experience:
Sage Intacct’s latest enhancements and global expansion demonstrate a commitment to optimizing financial operations and security. With features like global AP Automation and various regional updates, Sage Intacct continues to provide robust solutions tailored to the needs of SMBs worldwide, enhancing efficiency and compliance across diverse sectors.
