Company execs present a range of new enhancements at virtual customer event.
At its annual conference, Sage Intacct Advantage 2020, the company announced several product enhancements to support Sage Intacct customers. Company executives shared how, by using digital technology, businesses can fundamentally change how they operate and deliver value to customers and colleagues, as well as improve interactions with partners and suppliers.
Sage calls this new approach creating the “Intelligent Organization”. They do this by bringing together Sage Intacct, Sage Intacct Budgeting and Planning, Sage People.
Three critical areas make up the Intelligent Organization
“Digital transformation spans every aspect of a business,” said Marc Linden, EVP and GM of Medium Segment Solutions, Sage. In his Keynote, Linden highlighted several product enhancements to Sage Intacct along three key areas—continuous accounting, continuous trust, and continuous insight.
In the continuous accounting area, Sage showcased two new products. First, The new Salesforce Advanced CRM Integration for Nonprofits provides industry specific capabilities by putting data into the hands of nonprofit program and development staff for direct insight from Salesforce into transactions and budget without having to ask accounting.
Sage Intelligent Time uses an AI-powered personal time assistant to enable service professionals to complete their timesheets more quickly and accurately by automatically reconstructing their workday. The product thus helps to ensure all billable time is captured. Enterprises can thus reduce revenue leakage, improve project profitability, and increase revenues.
In the continuous trust area, the key product announcement was the Outlier Detection for General Ledger. This product uses AI to automatically analyze journal entries and flag outliers that may need a closer look. The product not only flags journal entries, but also gives a reason why they were flagged.
For continuous insight, the company presented Sage Intacct Interactive Visual Explorer. This platform goes beyond basic monthly reporting and enables proactive decisions based on multidimensional graphical analysis and collaboration.
Sage Intelligent Time and the Salesforce Advanced CRM Integration for Nonprofits are currently available for early adopters. The products will become generally available later this year.
Outlier Detection for General Ledger and the Interactive Visual Explorer will be available for early adopters with Sage Intacct 2020 Release 4 in November. The company plans general availability for early 2021.