Exciting New Features of Sage Intacct Fuelling SMB Growth
Sage, the industry leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), has announced that Sage Copilot will be available to early adopters in the United States and the United Kingdom on Sage Intacct. The introduction of this state-of-the-art generative AI tool is part of a series of new updates and enhancements for Sage Intacct customers worldwide. This tool will provide customers with intuitive support and actionable insights to enhance productivity and growth.
The Sage Copilot is a pioneering AI-driven tool that revolutionizes how accounting and finance teams address their daily challenges. It can rapidly identify budget variances for proactive management and provide clear, dependable responses to critical how-to questions. Sage Copilot enables users to work more efficiently and effectively by streamlining tasks and revealing insights that contribute to significant business outcomes. Sage is collaborating with customers to realize its vision of assisting organizations in enhancing productivity, accuracy, and conformance, enabling small and medium-sized businesses (SMBs) to concentrate on profitability and growth.
Sage research indicates that 80% of CFOs are adopting AI to free up time for high-value tasks, making the launch of Sage Copilot crucial. The Sage report, The Secrets of Successful CFOs, underscores that this transition empowers CFOs to cultivate crucial leadership skills as finance roles undergo evolution; 89% of participants report a substantial increase in their responsibilities due to global complexities and technological advancements. Sage Copilot Variance Analysis: Sage Copilot variance analysis provides real-time insights and automatic notifications on budget variances, enabling faster, informed decision-making across the organization, thereby streamlining financial oversight for budget managers. Budget managers can quickly find mistakes and differences by comparing budgeted data with actuals or data from one period to the next. This reduces the need for manual analysis and gives managers real-time information that helps them make faster, better decisions about money.
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Sage Intacct’s Latest Innovations
Sage Intelligent Time Improvements: Sage Intelligent Time caters to the professional services, retail, and manufacturing industries, offering a variety of new features such as time clocks and rate cards. These enhancements benefit these sectors by simplifying billing processes, ensuring compliance with labor regulations, and providing precise time monitoring. Implementing more efficient operations in these sectors directly influences enhanced profitability and business expansion.
New Industry Solutions with Continental Utility Integration: The new connector for Continental Utility Solutions, Inc. (CUSI) in Sage Intacct simplifies the data transfer between financial management and utility billing. This integration provides utility companies with a complete financial overview, reducing manual data entry, improving accuracy in billing and payments, and ultimately freeing up resources to focus on growth.
Language Accessibility Enhancements: Sage Intacct has implemented an open beta that is accessible to all users, which includes French-Canadian and Spanish (Spain) languages. We designed this feature to remove barriers for non-English-speaking users, thereby expanding the platform’s accessibility and addressing linguistic nuances. This broader language support ensures that finance teams can operate effectively in their preferred language, thereby minimizing the risk of miscommunication and facilitating the smoother development of diverse markets. Expanded Developer Capabilities with REST API: Sage Intacct’s REST API, built with Open API Specification 3.0, offers developers enhanced flexibility to create custom integrations. This enables businesses to expand their capabilities and grow with tailored solutions. Interactive documentation and versioned updates minimize integration challenges and allow developers to quickly build solutions that meet specific business needs.
Localized Features for France: Sage Intacct manual leverage allows for tracking the evolution of general ledger accounts and the production of accurate entries. French organizations can save time by automating the verification and matching of each entry, which facilitates the control of accounting entries in a chronological and systematic order. Additionally, the bank transaction assistant simplifies financial reconciliation, reduces manual workloads, and guarantees adherence to local financial regulations, enabling businesses to concentrate on development rather than administrative responsibilities.
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Industry Comments
“We know that finance leaders are looking for ways to save time, drive strategic initiatives, and support business growth,” said Dan Miller, EVP Financials and ERP Division at Sage. “With the introduction of Sage Copilot, alongside our other enhancements, we are helping them take a major step towards that goal. By empowering users with tools that help assist with time-consuming tasks, we are enabling them to be more proactive and focus on delivering long-term growth for their organizations.”
FAQs
1. What is Sage Copilot, and how does it benefit SMBs?
Sage Copilot is an AI-powered tool designed to streamline accounting and finance tasks. It provides real-time insights, such as variance analysis, enabling SMBs to make faster, data-driven decisions and improve overall productivity.
2. How do Sage Intacct’s language accessibility enhancements help users?
The platform now supports French-Canadian and Spanish (Spain), breaking down linguistic barriers and ensuring seamless operations for non-English-speaking teams, fostering market growth and inclusivity.
3. What is the significance of the Sage Intacct REST API update?
The enhanced REST API allows developers to build custom integrations easily, offering businesses tailored solutions that align with their specific needs and growth strategies.
Conclusion
The latest innovations in Sage Intacct, including the revolutionary Sage Copilot and other tailored updates, position SMBs for unparalleled growth and efficiency. With advanced tools like variance analysis, intelligent time tracking, and industry-specific integrations, Sage empowers businesses to streamline operations, reduce manual workloads, and make informed decisions. Language accessibility and developer enhancements further extend its reach, ensuring adaptability for diverse markets. By addressing the evolving challenges of finance leaders, Sage reinforces its commitment to driving productivity and profitability for SMBs globally. These updates underline Sage’s vision of enabling businesses to focus on growth and long-term success.
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