Sage Intacct has announced multiple product updates and enhancements at its “Sage Transform 2022” conference in Orlando, Florida. These improvements will offer customers increased productivity and smoother business processes.
“Over the past year we have delivered on our commitment to evolve our products and services, making improvements to workflow and connecting processes for our customers across their business functions,” says Dan Miller, EVP of Sage Intacct. “We are constantly striving to meet our new and existing customers’ needs through innovative solutions that help them make their businesses more efficient and focus on what matters most—reaching their full potential.
Sage Intacct Inventory Automation
Customers now can automate inventory transactions with barcoding and mobile data capture for real-time, company wide, visibility and control, improved accuracy and reduced data entry. The automation provides cloud-based inventory management to help businesses ensure their stock and inventory is utilized efficiently and keeps the business flowing.
This feature generally is available for Sage Intacct customers across North America.
Sage Intacct Lease Accounting
A new functionality, so new we don’t even have a graphic for you to see, that helps businesses simplify compliance with ASC 842 lease accounting standards in the United States. This cloud-native solution automates lease accounting processes, including lease payments, lease liabilities, and Right of Use asset depreciation.
Users access all their lease accounting compliance data in a centralized location and gain lease insights via multi-dimensional reporting and dashboards. This new lease accounting functionality is currently available to early adopters in the US, with general availability expected early in 2023.
Sage Intacct Construction & Real Estate
This enables construction companies to simplify the complexities of their business with greater efficiency by providing a rich and broad set of capabilities that work together. Includes new or expanded financial, operational, and pre-construction modules for payroll, property management, field service operations and construction estimating.
Generally available in the US, Canada and Australia. Some features may not be available until 2023.
Sage Intacct Accounts Payable Automation
Additional enhancements aimed at automating an end-to-end workflow from bill receipt to payment, reconciliation, and reporting. AI-powered bill automation receives, scans and populates draft bills, including matching to vendors, coding accounts and dimensions, and identifying duplicate bills and exceptions.
It complements the automated payment functionality, and Vendor Payments powered by CSI, released earlier in 2022. The combination of bill automation and vendor payments streamlines and simplifies AP processing for customers, allowing them to spend less time on manual tasks and get payments out faster to pay their vendors.
These are only a few of the product announcements made. I will have more product related information in subsequent features.
Disclosures
Materials within this feature, including title graphics, were developed, in part, from Sage Intacct official press release 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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