Accounting software provider Sage has made new enhancements and updates to Sage Intacct for its small and midsized business customers, including rolling out the cloud-based solution’s AP Automation tool globally.
Sage Intacct AP Automation streamlines financial workflows by automatically creating draft bills from uploaded documents, promptly identifying issues, such as duplicates, and significantly reducing data entry efforts and costs.
“In the U.S., businesses are already processing over 10,000 bills per month using this innovative tool, which utilizes AI to halve the time taken for accounts payable processes while saving organizations over $100,000 per year,” Sage said in a media release on Aug. 13.
Additional product enhancements include:
- Elevated time entry experience: This new Sage Intelligent Time feature, with enhanced AI assistance, supports customers with the creation of more descriptive activity card titles and the option for automatic time entry descriptions, improving clarity for approvers and users alike. Available in the U.S., Canada, Australia, South Africa, and the U.K.
- Automated employee expense submission—early adopter: Employees can email receipts directly from any device, while AI and machine learning enhance coding accuracy and adapt to user modifications for future submissions, significantly simplifying the expense reporting process. Available in the U.S.
- Sage Intacct financials certified by AFNOR in France: Achieving NF 203 certification from Infocert, Sage Intacct meets stringent French standards, enhancing security and reliability while ensuring regulatory compliance. “This certification offers our customers peace of mind, knowing their financial operations are supported by a system that adheres to the highest standards of data integrity and compliance required by French law,” Sage said. Available in France.
- German electronic tax submission: Simplifying tax compliance for German organizations, Sage Intacct now supports the DATEV file format, ensuring security and ease of financial data exchange. The seamless integration simplifies tax reporting and financial statements preparation, improving both accuracy and workflow efficiency. Available in Germany.
- Enhanced Interactive Custom Report Writer (ICRW): New reports in ICRW provides Sage Intacct customers with deeper, actionable insights, facilitating compliance and operational efficiency. “These customizable reports provide detailed views on order summaries, customer aging, and purchasing activities, empowering users to make data-driven decisions swiftly,” Sage said. Available globally.
- Enhanced email delivery and insights: The latest update introduces an enhanced email delivery service that leverages DomainKeys Identified Mail (DKIM) to ensure emails reach their intended recipients securely and efficiently. This service also provides detailed email delivery logs for better visibility and supports multiple domains and sub-domains, making it ideal for businesses managing communications across diverse operational areas. Available globally.
- Sage Intacct and Kanso solution for affordable housing: Sage Intacct has partnered with Kanso, a housing management platform, to deliver a comprehensive cloud solution for public housing management, enhancing compliance, data accuracy, and property management. The solution, inspired by customer feedback, broadens Sage Intacct’s reach into diverse housing sectors, including public, native communities, and supportive housing. Available in the U.S. and Canada.
- Hold and resume contract schedules: Users can now simultaneously hold or resume billing, revenue, and expense schedules across multiple contracts, enhancing operational efficiency with a refined user interface. This updated interface features new filters like customer type, contract type, and transaction currency, all within a streamlined layout for improved navigation and action management. Available in the U.S., Canada, Australia, South Africa, and the U.K.
- Exporting taxable payments annual reports (TPAR): Simplifying compliance with the Australian Tax Office, users can now export TPAR files using this new feature. By eliminating the need for manual data reformatting, this functionality not only saves time but also reduces errors, ensuring compliance and enhancing efficiency for Australian businesses. Available in Australia.
- Joint checks payment method for construction: Sage Intacct has introduced a joint check payment method specifically for the construction industry. This new feature simplifies payments to downstream two-party construction vendors, reducing the risk of unpaid claims and rights. Construction companies can now easily create and track joint checks directly within accounts payable, eliminating the need for complex workarounds. Available in the U.S., Canada, Australia, and EA customers in the U.K.
- Boosted insights in revenue recognition: Enabling direct links between billing events and revenue recognition entries to source contract amounts, Sage Intacct’s Revenue Management now includes basic contract tracking as part of its subscription. This integration allows users to utilize the contract dimension in Order Entry transactions for detailed categorization, tracking, and analysis—enhancing visibility, accuracy, and forecasting capabilities without requiring a full Contracts application subscription. Available in the U.S., Canada, Australia, South Africa, and the U.K.
“Supporting our customers to focus on growing their business is fundamental to the technologies we are building,” Dan Miller, executive vice president of Financials and ERP Division at Sage, said in a statement. “AP Automation is a prime example of this and makes us the first mid-market solution to offer this outside of the U.S. What’s more, our ongoing global expansion and the achievement of significant certifications showcases our commitment to providing globally compliant, secure, and robust financial solutions that meet the diverse needs of businesses everywhere.”
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