Sage, a leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), announced updates to Sage Intacct. From simplifying and automating bill processing to increasing visibility, businesses globally will benefit from smoother processes and increased productivity as part of Sage Intacct 2023 Release 1.
“With this release, Sage continues to expand the reach of the Sage Intacct solution – with new innovative capabilities we deliver for our customers and relative to what global regions it is available,” said Dan Miller, EVP Sage Intacct. “Midsize business requires speed and agility, in the finance and accounting workflow that underpin every facet of their operations. 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.”
Key product enhancement in Sage Intacct 2023 Release 1 include:
- Accounts Payable (AP) Bill Automation – Today, a third 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.
- Mateo Savings and Loan – Since its acquisition of Mateo less than a year ago, Sage has invested to enhance functionality for the cloud-based Roman Catholic diocesan savings and loans solution on the market. The updates include improved flexibility for financial statement generation, streamlined workflow, and expanded import capabilities.
- Automating usage billing for subscriptions – Sage continues to simplify billing by making Sage Intacct a midmarket accounting and ERP solution that can 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.
With Sage Intacct 2023 Release 1, several applications launched in the United States are becoming available in additional regions around the globe. These include:
- Sage Intacct Planning – Available in South Africa and Australia, with the United Kingdom to follow in the first half of 2023. 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, unsecured spreadsheets, the product brings people, data, and analytics together.
Sage Intelligent Time – Available in South Africa and Australia, with the United Kingdom to follow in the first half of 2023. This AI-powered time assistant helps professional services and non-profits 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 are often too time-intensive to track manually. - Sage Intacct – Access to the early adopter program for Sage Intacct in France 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.
For more information on Sage Intacct, visit www.sageintacct.com.
