One of Sage Intacct’s top attributes is that it listens to users and makes timely changes to the platform. These changes improve the platform, making it more efficient and even more user-friendly.
These constant updates are the primary reason many businesses and users continue to use the platform to meet their business requirements.
Let’s review the latest features added to the platform in the last app release.
7 Highlights of the Sage Intacct 2024 Release 1:
Although the latest release of the Sage Intacct accounting software has numerous changes and new functionalities, below are some of the key highlights:
Feature #1: Sage Intacct Data Flow
Improved data flow is one of the top features from the latest release of the new Sage Intacct Forms and Operational Workflows.
The automated workflow enables businesses to use digitized approval workflows to collect and customize any data with the help of ERP consulting services.
Use the new form builder to specify the data needed to collect, share, and route approvals. A portal also makes communication with stakeholders easier.
The latest release of the Sage Intacct ERP offers diverse form libraries, pre-built workflows, and portals that benefit businesses and nonprofits. These features help nonprofits in donor-advised funds, grantmaking, and vendor contracting.
Feature #2: Improved Data Integration
Sage Intacct softwarehas expanded its data integration capabilities with the latest release. This will undoubtedly help many companies that are already using Sage ERP.
The software integrates Sage Intacct and Salesforce to streamline business operations and bring different teams under a centralized platform. Likewise, the latest integration feature is between HubSpot and Sage Intacct.
The HubSpot integration will provide new dimensions and possibilities for businesses to automate their marketing and sales processes.
Feature #3. AI-Enabled AP Automation
Although many businesses use Sage Intacct accounting software, one common challenge is managing Accounts Payable. As accounts payable involves diverse tasks and repetitive processes, automating is sensible.
The latest release of Sage Intacct does just that. With the AI-powered AP automation capability, it is easier for businesses using Sage ERP software to process Accounts Payable.
With the latest release, the already automated Accounts Payable in Sage Intacct is more powerful with multi-line GL coding.
Feature #4: PO Line-Level Matching
This feature has the industry talking and thanking the latest Sage Cloud ERP release.
AI-powered matching and variance notifications are now extended to the line level, improving Sage Intacct’s invoice-matching capabilities. This upgrade considerably boosts Sage Intacct’s existing functionalities.
With this new feature, say goodbye to errors with any price or quantity change notifications.
Feature #5: Professional Service Automation
Many service businesses find Sage Cloud ERP the most suitable platform for managing their resources and operations. The latest release updates underline this by introducing Sage Intacct Professional Services Automation.
The latest addition is a project resource management feature powered by AI. It learns as the feature is used and from losses and wins. The feature aims to guide businesses through the planning process and improve it over time.
It examines processes and identifies areas where inefficiencies emerge. The feature also analyzes patterns and predicts the most important factors to improve process efficiency and overall productivity.
The self-learning AI will become a massive player in future of the Sage Intacct ERP system.
Feature #6. Commitment Compliance
The 2024 Release offers commitment compliance for players in the construction field by developing compliance rules according to insurance requirements for subcontracts, purchase orders, etc.
New compliance documents are automatically added to a commitment. These documents, including insurance, lien waivers, etc., are visible on a new tab.
When selecting the commitment-related payment invoices, these records are validated within the Sage ERP system.
Feature #7. New Project Contract Billing Details
In the latest release, Sage Intacct added a new tab under the Accounts Receivables invoice section. This tab is read-only and provides Project Contract Billing Details.
It displays the latest totals for invoice billing for project contracts and project contract lines and includes new fields, such as:
- Balance to Finish
- Extended Line Amounts
- Project Contract Line Descriptions
View the new details tab on the Accounts Receivable invoice and select to include them on any new invoice.
Undoubtedly, with the 2024 Release I, Sage Intacct has already greatly expanded its capabilities. It is safe to assume that the company will continue to make the Sage ERP even more feature-rich with future releases.
Although the platform benefits businesses, upgrading to the new version may cause technical issues. In such cases, it is essential to work with a digital consulting company to address the changes.
Having already delivered such Sage Intacct support services for businesses from diverse industries, Big Bang – ERP Consultants can help. No matter what a business’ challenges are and the kind of help required, contact the Big Bang – ERP Consultants client support team to learn more.