Sage has announced a series of updates to Sage Intacct. The enhancements include simplifying and automating bill processing, and increasing visibility. Businesses using Intacct should benefit from smoother processes and increased productivity as part of these Sage Intacct 2023 Release 1 improvements.
Dan Miller, EVP Sage Intacct, says the release enables Sage to continue to expand the reach of the Sage Intacct solution—with new innovative capabilities it delivers for its customers and relative to what global regions it is available in.
“Midsize business requires speed and agility, in the finance and accounting workflow that underpin every facet of their operations,” Miller says. “We’re helping these businesses modernize their financial management systems to streamline processes and gain insights helping them improve productivity, reduce costs and prepare their business for rapid growth.”
Sage Intacct 2023 Release 1 Key Product Enhancements
Accounts Payable (AP) Bill Automation
Currently, a third (34%) of typical AP process time for medium-sized businesses is spent on invoice entry. With Sage’s AI-powered bill entry, customers can save up to half of that time on AP processing.
Coupled with other Sage Intacct AP capabilities — including paperless approval routing, automated payment processing, automated reconciliation and reporting — customers can manage their entire AP process within Sage Intacct.
The solution has no monthly subscription or implementation fee. Customers pay based on what they use, making it more affordable for smaller, mid-size organizations.
This solution now is generally available in the US through direct and reseller channels. In other countries, including Canada, the United Kingdom, South Africa and Australia, the solution is available to select customers via an early adopter program.
Automating usage billing for subscriptions
Sage continues to simplify billing by making Sage Intacct the first mid-market accounting and ERP solution to automate usage billing for evergreen subscriptions. As a result, users can automate their financial processes without the need to bolt-on third party billing applications, delivering simpler and real-time visibility and minimizing complexities like contract amendments, usage, one-time and subscription billing to grow their businesses.
These enhancements now are available in the US, Canada, United Kingdom, South Africa and Australia.
Mateo Savings and Loan
Since acquisition of Mateo less than a year ago, Sage has invested significantly to enhance functionality for the leading cloud-based Roman Catholic diocesan savings and loans solution on the market. The latest updates include improved flexibility for financial statement generation, streamlined workflows and expanded import capabilities.
The latest enhancements to Mateo now are generally available in the US.
Continued Global Expansion for Sage Intacct
With Sage Intacct 2023 Release 1, several applications originally launched in the US are becoming available in additional global regions, including:
Sage Intacct Planning
Sage Intacct Planning enables SMBs to streamline and simplify planning, and budgeting. A cloud-based planning solution, it gives customers more flexibility and options for working smarter and faster. Eliminating reliance on uncontrolled, inflexible, un-secure spreadsheets, the product brings people, data and analytics together.
Sage Intacct Planning now is available in South Africa and Australia, with the United Kingdom to follow in the first half of 2023.
Sage Intelligent Time
This AI-powered time assistant helps professional services and nonprofits with continuous, accurate and complete insights to profitably manage their business.
Sage Intelligent Time also offers the ability to capture billable time more easily from one-off activities, such as email that often are too time-intensive to track manually.
Sage Intelligent Time now is available in South Africa and Australia, with the United Kingdom to follow in the first half of 2023.
Access to the early adopter program for Sage Intacct in France now is open. Early adopters in France will be able to gain the benefits of Sage Intacct, including improved business visibility, multi-entity capabilities, and automation on a modern cloud-native platform that supports business agility, growth and scale.
Leveraging Sage’s 40 years of experience as a leader in the French financial solution market, Sage Intacct has been fully localized for France.
For more information, visit the Sage Intacct website.
Materials within this feature, including graphics, were developed, in part, from Sage Intacct official content. All such source materials were adapted by Insightful Accountant solely for educational purposes.
Sage Intacct is a registered trademark of Sage.
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