The IT Nerd

 Sage, a leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), today announces new developments in their ongoing partnership with Microsoft. The advancements in Sage Instant Analysis, Sage Active and Sage Network are set to enhance operational efficiency and innovation for SMBs through integrated solutions and cutting-edge technologies.

Enhanced Financial Analysis with Sage Instant Analysis:

As part of Sage Copilot’s reporting and analytics capabilities, Sage Instant Analysis integrates Microsoft Azure OpenAI Service to empower SMBs by unlocking their data. Embedded within Sage Active, this tool can swiftly access financial data from various in-product forms, enabling customers to glean financial insights that might have otherwise been overlooked. With just a click, users receive actionable insights about their company’s financial health, including detailed assessments of strengths, weaknesses, and critical areas such as the balance sheet, cash flow, working capital, and gross profit. This integration makes it easier to manage business activities, boosting productivity and streamlining routine tasks.

Unlike simple automation that uses a template requiring new data input by the customer, Sage Instant Analysis can delve into the details of a company’s year-to-date financial performance by using accounting data already in the system. The service dives beneath the surface of financial reports, using advanced large language model (LLM) engineering through Azure OpenAI Service that not only reads numbers but truly understands them – calculating key ratios and providing rich context for decision-making.

Sage Instant Analysis uses sophisticated prompt engineering models and chaining techniques for easy data ingestion and processing through Azure OpenAI Service. Intelligent cache remembers past calculations, eliminating unnecessary LLM calls. Additionally, detailed logging and analytics provide visibility into how and when the service is being used.

Output from Instant Analysis can be set to a user’s native language – French, Spanish, German or English – based on preferences stored in the user profile.

Built on Microsoft Azure App Service, Cosmos DB and Blob Storage, Instant Analysis, a feature of Sage Active, is available in France, Spain and Germany and is tailored to the evolving needs of European small businesses, allowing them to automate accounting, manage sales and cash flow, and navigate the complexities of European legislation. Helping to create and manage products, optimize sales flows, and generate professional invoices and quotes efficiently, Sage Active streamlines processes so customers can drive growth and innovation across their businesses.

Sage Network – Connected Accounting
Sage Network is transforming the way businesses interact, by automating workflows and synchronizing financial transactions across entities, even those outside the Sage accounting software ecosystem. Sage Network integrates seamlessly into the broader Microsoft ecosystem with connectors to Microsoft Dynamics 365 and Microsoft  365. These integrations enable Dynamics users, along with users of other third-party accounting products and the Sage portfolio, to create an integrated global network. This enhances efficiency by reducing manual data entry and speeding up financial processes.

Sage Connect, the user interface that enables the Sage Network business interconnectivity, offers a simplified, secure platform for managing financial transactions and automating accounts receivable (AR) and accounts payable (AP) workflows, leading to faster payments and improved compliance, including e-invoicing.

For SMBs and Sage’s partner ecosystem, this means accessing a unified platform that not only streamlines financial operations and AR and AP digital workflows, but also opens up new opportunities for collaboration, efficiency, and growth within the Microsoft ecosystem.

HR and Payroll – Enhancing Workforce Management

Sage continues to work with Microsoft on enhanced HR and payroll capabilities, aiming to provide SMBs with advanced tools for more efficient workforce management. 

Enhancements include integrating HR tasks within the flow of work through Microsoft Teams, starting with the highly utilised absence and time off feature of Sage People. Employees can now request various types of leave directly via a chatbot in Microsoft Teams, with approvals managed through the platform and synchronised with Microsoft Outlook calendars to streamline processes.

Additionally, a new interview scheduling feature integrated with Microsoft Outlook , enables recruiters to swiftly coordinate interviews, addressing the fast-paced demands of today’s competitive job market.

Benefits for SMBs and Partners

Sage’s integration with Microsoft brings significant advantages to SMBs and Sage’s partner ecosystem, including:

• Streamlined Operations: The integration of Sage and Microsoft services simplifies complex workflows, enhancing productivity and efficiency across business functions.

• Security and Reliability: Sage products hosted on Azure benefit from Microsoft’s dedication to Responsible AI by offering enhanced security, scalability, and reliability, ultimately allowing businesses to operate with confidence in a secure digital environment.

• Innovative Connectivity: Driving business efficiency through connectivity, enabling a seamless flow of information and financial transactions.

Looking Ahead

Sage is continuously exploring new ways to support SMBs and the wider partner ecosystem to boost operational efficiency and resiliency in a dynamic economic landscape.

A new study from Sage reveals the evolving role of technology channel and reseller partners in the U.S. and Canada. The study indicates a shift from point solutions providers and integrators to strategic advisors for SMBs, unlocking significant growth opportunities and paving the way for greater digital agility.

The report, ‘Small and medium-sized business demand for digital advisory services fuels IT channel growth’, surveyed 2,800 technology channel decision-makers globally, including in the U.S. and Canada, to better understand the key drivers impacting the IT channel and reseller market today. 

The research highlights that the majority of technology resellers in the U.S. (59%) and Canada (52%) have shifted their focus toward providing strategic advice and services, aiming to improve SMBs’ ability to swiftly adapt to market shifts, new technological breakthroughs and evolving customer demands.

The report found that almost three-quarters of SMBs in the U.S. (73%) and Canada (74%) see investing in digital agility as a high priority, believing it will drive business growth (30%), followed by enhance competitiveness in the U.S. (25%), and increase efficiency in Canada (26%). 

Key findings include:

• Shift to Advisory Roles: U.S. and Canadian channel leaders are split on what is driving the shift to advisory roles with U.S. leaders citing the use of technology and data analytics for personalized solutions (59%), increased competition in the market requiring differentiation and value-added services (57%) and desire to build stronger customer relationships (55%). In Canada, leaders attribute the shift to the need to keep up with shifting customer demands (56%) and building stronger customer relationships (53%).
• Digital Agility of SMBs: Almost two-thirds of Canadian SMBs (64%) and half of SMBs (51%) in the U.S. are recognized as ‘fairly digitally agile’ by channel leaders, highlighting their quick adoption of technologies that enhance efficiency and customer experience. However, only 39% of U.S. and 28% of Canadian partners feel SMBs are adequately prepared for future disruptions. Continuous investment in digital tools and training, supported by channel partners, is essential for maximizing the benefits of a digital-first approach. 
• Challenges in Driving Digital Agility: The report identifies the main obstacle preventing channel partners from effectively supporting SMBs as the complexity of technology and integration processes. In the U.S., channel partners face significant challenges in providing advisory services, primarily due to keeping up with evolving technology and balancing priorities (both at 48%), along with SMB resistance to advisory services (45%). Similarly, in Canada, nearly half of the channel partners (47%) cite the complexity of technology and integration processes as the top hindrance to supporting SMBs’ digital agility journey.
• Adoption of Innovative Technologies:  The majority of U.S. channel partners are focused on driving the adoption of innovative technologies (59%), while 52% of Canadian resellers are prioritizing offering strategic advice and solutions. This is to ensure that SMBs not only access but effectively utilize technology to enhance responsiveness and competitive edge in a rapidly changing market.
• Critical Technologies: Channel leaders in both Canada (62%) and the U.S. (56%) believe cybersecurity solutions are the most instrumental in fostering digital agility. AI and automation followed closely, with 58% in Canada and 56% in the U.S. finding these as the second most critical technologies. Focusing on these areas can enhance SMB efficiency, and security.

Sage’s research underscores the importance of deepening collaboration between IT resellers and SMBs to fully harness new technologies and enhance resilience against market changes. By focusing on areas like cybersecurity, digital transformation, and operational efficiency, IT resellers can boost their growth while helping SMBs successfully navigate these challenges.

Summary of methodology 

The research questioned 2,800 decision makers in the tech industry whose company resells tech and IT supplies/services for various businesses in Canada, France, Germany, Portugal, South Africa, Spain, the United Kingdom and United States. The interviews were conducted in April and May 2024. 

This online survey was conducted by market research company OnePoll, in accordance with the Market Research Society’s code of conduct.  

Sage – the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs) – announced powerful new capabilities and updates for Sage Intacct.

The newest enhancements allow for more streamlined workflows and will boost productivity for businesses. The enhancements will also give organizations deeper financial insights and advancements in financial reporting, asset management, and operational efficiency!

Sage Intacct Product Release 2 2024 Enhancements Include:

• PwC Control Insights now generally available: Designed with compliance and growth in mind, this tool helps organizations strengthen their financial control environment as they scale with Sage Intacct. It provides a live dashboard allowing organizations to maintain strong financial controls and offer actionable insights with recommendations.
  • Availability: US, Canada, UK, South Africa, and Australia
    
• Bank transaction assistant file import: With this new guided import experience, users can streamline the process of importing bank data and improving reconciliation efficiency. This saves time and reduces the likelihood of errors, improving the overall reliability of financial data and simplifying the monthly close process.
  • Availability: US, Canada, UK, Ireland, Australia, France & South Africa
    
• AI timesheets: This AI-powered timesheet solution, Sage Intelligent Time (SIT), is embedded in Sage Intacct to help users gather, organize, and suggest activities for inclusion in timesheets, alongside client, project, and task information. This maximizes billable time and improves the accuracy and efficiency of time tracking, leading to more precise invoicing and revenue recognition.
  • Availability: US, Canada, UK, South Africa, and Australia
    
• Employee expense allocations: This feature helps to streamline the expense reporting process by allowing users to quickly code expense receipts and leverage the power of transaction allocations. It reduces time-consuming administrative tasks related to expenses and helps maintain compliance with internal policies and external regulations.
  • Availability: US only
    

Sage Fixed Asset Management – Purchasing integration: Building on the recent release, this expanded feature helps users create assets directly from purchasing transactions such as vendor invoices. It simplifies data entry and improves asset management, significantly reducing manual efforts. This enhancement also increases the accuracy of asset tracking and ensures that asset-related financials are updated in real-time. As a result, it supports a smoother process from the purchase of assets through to their depreciation and maintenance, providing more streamlined asset lifecycle management.

• Availability: US, Canada, UK, Ireland, Australia, France & South Africa

• Boosted revenue management: The latest revenue recognition updates drill down into supporting documents meaning that organizations can now more easily understand how deferred revenue progresses and what to expect in the future. Providing an expedited path for recognizing revenue and achieving reconciliations, it now comes with smarter search and filter options, helping organizations to be clear on revenue schedules faster with dimension group filters.
  • Availability: US, Canada, UK, Ireland, Australia, France & South Africa
    
• Construction enhancements: The latest enhancements mean that construction organizations can automatically calculate key metrics related to project revenue and profitability and review project-based costs and billing with Project-level Work in progress.
  • Availability: US, Canada, Australia and Early Adopters in the UK
    
• Supplies inventory: This streamlined ordering process provides the ability to track supplies, requisitions and gain insights into usage trends and cost insights across periods. Also manage inventory levels and reorder when needed to avoid availability delays. Employees can enter requisitions for items designated as supplies inventory, such as office or program supplies. Users can easily process requests and monitor status using the workbench.
  • Availability: Early Adopters in US and Canada

You can get a lot more detail here: Sage Intacct unveils new updates to advance productivity and control for SMBs

Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), has launched two new suites in Canada and the UK, to transform how SMBs and accounting practices operate and grow their business.  

Bringing together Sage’s award-winning accounting, HR, and business management tools into two scalable solutions, Sage for Accountants and Sage for Small Business, marks a significant step forward in Sage’s commitment to championing SMBs, accountants and bookkeepers. 

The new suites are purpose-built to meet the changing needs of accountants, bookkeepers and SMBs, helping them to get more done by freeing up time, whilst boosting efficiency and productivity. With Sage for Accountants and Sage for Small Business, users can focus on what matters most, from growing their business and providing great service to pursuing their passions outside of work. 

Three customizable membership plans — Essentials, Standard, and Premium — will scale to match the unique needs of businesses and accounting practices. Small businesses, accountants and bookkeepers are now able to self-manage users and subscriptions, all in one integrated solution that is paid for on a single monthly invoice. 

Introducing Sage for Accountants  

Designed to enhance the functionality and productivity of accounting practices, Sage for Accountants streamlines client management, simplifies operations, boosts efficiency and enhances client collaboration. Even for those not using Sage ledger tools, it enables continuous accounting with seamless integration between tools, so they can harness the value of every tool across all their clients, freeing up more time for client relations.  

With evolving market demands, Sage for Accountants is an integrated experience that will help practices to:  

• Win and onboard more profitable clients: Attract high-value clients efficiently by leveraging access to one of the largest accountants’ communities worldwide and a comprehensive accounting directory. 
• Boost productivity with efficient compliance services: Ensure regulatory compliance with ease and confidence using Sage for Accountants, saving valuable time and resources. 
• Deliver a trusted advisory service: Provide clients with expert insights and guidance for business growth, enhancing their trust and fostering long-term relationships. 

Empowering SMBs with Sage for Small Business 

Making it even easier for entrepreneurs and small businesses to run and grow their business, Sage for Small Business simplifies the long list of jobs to be done from managing cashflow to engaging and managing a team of people. By bringing together critical business tools and expert advice designed for small businesses into a single suite, business owners can free up their time to focus on growing their business and what truly matters to them.  

The suite enables small businesses to start with what they need and will grow with them, helping them to: 

• Streamline repetitive tasks: Enabling real-time data flow across accounting, payroll and HR from a single user interface, simplifying operations and saving small business owners’ valuable time.  
• Gain enhanced business insights: With instant access to critical business and financial information, business owners can make smarter decisions, and collaborate closer with accountants on the same digital data. 
• Remain confident with compliance: With over 40 years of experience building small business technology, offering a wealth of advice and award-winning support and services, Sage helps ensure small business owners have access to simplified tax, VAT and payroll compliance through the latest technology. 

Sage Copilot to be integrated into suites 

As part of the launch of the new suites, UK customers will be the first to get access Sage Copilot, a new generative AI powered productivity assistant.  

Integrated within Sage for Accountants and Sage for Small Business, Sage Copilot is designed to transform operations by automating routine administrative tasks and offering real-time business insights. This allows small businesses to operate more efficiently, and accountants and bookkeepers to make smarter, faster decisions, and focus more on strategic client management rather than administrative tasks.  

Sage Copilot will initially be launched in the UK in 2024. Canada is the next region Sage Copilot will be rolled out to and will be available at a later date. 

For more information, please visit Sage for Accountants and Sage for Small Business. 
 

With today’s workforce constantly evolving, businesses are turning to technology and embracing AI to help navigate the changes of an expanding labour force, ease workloads within their operations, and improve job satisfaction.

Today, small and mid-sized business accounting, financial, HR and payroll technology leader, Sage, published findings from their annual ‘The Changing Face of HR’ global report, which highlights how HR professionals are using AI for the aforementioned, while also boosting competitiveness and creating jobs in the industry.

The research revealed that:

• Top concerns for HR professionals include increasing workloads (80%), low employee morale and burnout (79%), and limited budgets (79%)
• The role of HR will change considerably due to AI (80%) and implementing AI in HR tasks will create more jobs (71%)
• There’s a significant shift towards automation and analytics; HR leaders are currently using HR metrics (45%), utilizing automation (44%), and employing cloud HR solutions (43%)
• HR leaders believe AI has the potential to revolutionize ways of working within their company (77%), freeing up time to focus on strategic planning (61%), data-driven decision-making (59%), and employee engagement (59%).

You can read the report here.

 Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), announces several significant announcements at Sage Transform 2024, its annual conference in Las Vegas, February 26 – 29, 2024. As AI continues to transform finance and accounting, Sage is empowering customers with AI-powered solutions that solve business challenges while elevating the value of human work.

At Sage Transform 2024, the company unveils Sage Copilot, its AI-powered productivity assistant and product enhancements to Sage Intacct. Sage has also signed a strategic collaboration agreement with AWS that will help customers grow and scale their business into the future. In addition, the sports partnership with Sportable will deliver AI-led insights for sports fans across North America and globally.

Announcements at Sage Transform 2024 include:

• Sage Copilot drives efficiency & growth for SMBs and accountants with generative AI: Sage’s new AI-powered productivity assistant, Sage Copilot, acts as a trusted team member, handling administrative and repetitive tasks in ‘real-time’, while recommending ways for customers to create more time and space to focus on growing and scaling their businesses. Sage Copilot automates workflows, identifies errors and generates actionable insights for businesses and accountants’ needs. Sage Copilot helps with forecasting, cashflow management and generating and sending invoices with simple, natural language commands. Sage Copilot’s accuracy, security and trust have been prioritized every step of the way, combined with expert support, robust encryption, access controls, and compliance with data protection regulations.
• Sage announces Strategic Collaboration Agreement (SCA) with AWS to enable AI-powered solutions for SMBs: Sage signs a strategic collaboration agreement (SCA) with Amazon Web Services (AWS) to significantly enhance how SMBs optimize their operations with generative AI. Sage will develop a domain-specific LLM for accounting and compliance using Amazon Bedrock and Amazon Lex. This specialized accounting and compliance-focused LLM will initially inform Sage’s new AI-powered assistant, Sage Copilot, and serve as a robust foundation designed to enable SMBs to navigate local accounting and compliance applications. Powered by AWS, the LLM will have the capability to process and analyze vast amounts of data swiftly and efficiently. The agreement will also enable Sage and AWS to help SMBs successfully navigate the complexities of modern finance and address environmental responsibilities with cutting-edge solutions like Sage Earth on AWS Marketplace.
• Sage Intacct unveils new features to streamline operations and boost productivity: The latest Sage Intacct product enhancements enable organizations to drive more productivity, optimize and automate project management tasks through powerful AI capabilities that improve efficiency, with improved data and operational workflows. Updates include Sage Intacct’s AI-powered Project & Resource Management, and Forms and Operational Flows, to give companies greater visibility into resourcing and keeping projects on time while helping them work better and get more done.
• Sage bolsters its position in Construction & Real Estate with cutting-edge solutions that help construction businesses thrive: Sage has expanded its construction portfolio to deliver the most complete and comprehensive end-to-end cloud solution available in the industry, offering solutions for preconstruction, operations, and financials. Solutions include Sage Estimating with BidMatrix, Sage Construction Management, and Sage Intacct Construction, enabling businesses to effectively manage projects from bid to closeout. 
• Sage brings expertise in data and insights to global sports via partnership with Sportable: Sage partners with Sportable, a global data collection and analytics platform, to bring deeper, AI-led insights to the biggest sports in North America and beyond. The strategic marketing partnership follows Sage’s role as ‘Official’ and ‘Insights’ Partner to well-known brands including Major League Baseball and builds on its commitment to unleash potential through data, as it does every day for millions of SMB customers. Sage and Sportable will develop a global sports index, bringing together millions of AI-led insights generated across the sports world by Sportable technology. It will provide open access for anyone to identify trends and better understand key indicators of high performance and game strategy. The first index to be launched will be rugby-focused, with future versions planned for soccer, American football and more. 

On the closing day of Sage Transform 2024, Cath Keers, Chief Marketing Officer, Sage, announced the conference will transition to a new flagship event series that brings together the entire Sage ecosystem and its customers, to be held in both London, UK, and Atlanta, GA – the company’s North American headquarters. The North American edition will take place at the World Congress Center from November 4 – 7, 2024.

Sage Transform 2024 was made possible in part through the support of partners listed below:

Titanium Sponsor

• PwC: A community of solvers combining human ingenuity, experience and technology innovation to deliver sustained outcomes and build trust. PwC is in the business of transformation and is known for their focus on and commitment to achieving results. They combine human-led and tech-powered solutions with meaningful experiences to make a difference for customers. PwC helps you get where you want to go – at the pace and scale you need and is delighted to sponsor Sage Transform 2024.

Diamond Sponsors

• Avalara: Helping businesses of all sizes achieve compliance with transactional taxes, including sales and use, VAT, excise, communications, and other tax types. The company delivers comprehensive, automated, cloud-based solutions that are designed to be fast, accurate, and easy-to-use.
• Ramp: The ultimate platform for modern finance teams, from corporate cards, expense management software, bill payments and vendor management, Ramp’s all-in-one solution is designed to automate finance operations and build healthier businesses. Over 15,000 businesses, including nearly 1,000 Sage Intacct clients have switched to Ramp to save an average 5% and close their books 8x faster.

Strategic Sponsors

• Microsoft: The leading platform and productivity company for the mobile-first, cloud-first world, Microsoft’s mission is to empower every person and every organization on the planet to achieve more. Microsoft helps you to move to the cloud on your terms; getting the most value from your existing IT investments while giving you the flexibility to respond quickly to changing business needs.
• AWS: The world’s most comprehensive and broadly adopted cloud platform, AWS offers over 240 fully featured services from data centers globally. Millions of customers —including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs.
• CPA.com: The core mission of CPA.com is to advance the technology ecosystem for the accounting profession, drive the transformation of practice areas, and lead technology research and innovation efforts for practitioners. CPA.com is a subsidiary of AICPA.
• FACTS: Dedicated to elevating the education experience for schools, teachers, and families, FACTS provides modern and user-friendly integrated solutions and services.

Platinum Sponsors

• ADP
• Arcoro
• Baker Tilly
• BILL
• Emburse, Inc.
• Expensify
• Fortis
• Mastercard
• MineralTree
• Nuvei
• REPAY
• Routable
• Solver
• Tipalti
• Versapay
• Yooz

 Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), today announces the launch of Sage Construction Management in Canada. Sage is expanding its construction cloud suite with the addition of cloud pre-construction and project management capabilities to its industry-leading construction portfolio.

Sage Construction Management is built for collaboration and mobility so that field, office, and external teams can share real-time project information to make quick, informed decisions.  The solution is offered with Sage Intacct Construction Financials as an end-to-end suite that enables operational and finance teams to align and work together for improved job profitability.

Sage is also offering the Construction Essentials package, which includes Sage Construction Management and Sage Intacct Construction Financials, as an end-to-end suite at a cost-effective price for growing contractors. In addition, Sage Construction Management is available as a standalone preconstruction and project management solution that can easily integrate with other accounting solutions, providing businesses the power and flexibility to choose the right mix of solutions that best meets their needs.                 

Sage exists to knock down barriers so everyone can thrive, starting with the millions of small- and mid-sized businesses served by them, their partners, and accountants. Customers trust their finance, HR, and payroll software to make work and money flow. By digitizing business processes and relationships with customers, suppliers, employees, banks, and governments, their digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we all use our time, technology, and experience to tackle digital inequality, economic inequality, and the climate crisis. To learn more, visit sage.com/en-ca/            

Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), today announces several new product updates to Sage Intacct in Canada for deeper business intelligence. The enhanced features enable businesses to increase productivity, leverage real-time data and streamline business processes, with customizable language settings to empower French-speaking customers.

The latest updates to Sage Intacct reflect Sage’s mission to help customers simplify, grow and scale their businesses. Sage has added the most frequently requested functionalities and enhancements to help businesses save time and resources while enhancing the accuracy and efficiency of their finance processes.

A few of the latest Sage Intacct product updates include:

• Customized French language setting: Expanded language options allow customers to customize Sage Intacct language settings, providing a smooth user experience in French. The enhanced features and French language settings are available to all Sage Intacct customers in Canada today.
• Advanced ownership consolidations: Unlock efficiency and elevate decision making with seamless, automatic rollup consolidation for complex partial ownership structures.
• Enhanced reconciliation: Simplify the receive payments and reconciliation process with the Bank Transaction Assistant. Receive multiple payments from bank transactions and automatically match for reconciliation. Plus, quickly pinpoint reconciliation transactions that match with match sequences.
• Improved AP/AR Aging Report: Through the simplified process of handling diverse payments, customers can receive one payment and allocate it to different customer accounts giving more flexibility.
• Deeper project intelligence: Gain better insights to make data-driven decisions and ensure efficiency. Project intelligence puts utilization and resource management at customers’ fingertips, as well as comprehensive views of key performance indicators (KPIs).
• Simplified inventory fulfilment: Streamline workflows and boost efficiency with inventory fulfilments. Track and ship sales orders promptly, ensuring customers are delighted with quick deliveries. Operate more efficiently and at a reduced cost with pick and pack lists.
• Sage Construction Management: The new solution is offered with Sage Intacct Construction Financials as an end-to-end suite, enabling operational and finance teams to align and work together towards improved job profitability.
• Sage Intacct Payroll powered by ADP: Introducing a market-leading payroll solution that works seamlessly with Sage Intacct, allowing medium businesses to gain better insights and increase their profitability with an all-in-one solution across accounting, payroll and HR.  

Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), today announced the availability of Sage Intacct 2022 Release 2. Building on its leading subscription billing solution for SMBs, Release 2 adds support for evergreen subscriptions. 

Evergreen Subscriptions

In today’s competitive market, many SaaS and subscription businesses grow by offering a variety of billing models to meet varying customer needs.  As businesses grow their blended subscription models, SMBs have long struggled to reconcile customer needs with the challenges this causes the back office.

With Release 2, Sage Intacct supports customers in SaaS businesses to easily bill auto-renewing subscriptions, report, and forecast billing and revenue. Sage Intacct now handles 300+ product-led growth, usage, evergreen, enterprise, and hybrid billing models as part of its solution, making it the only accounting vendor to support hybrid subscription models, supporting customers to:

• With Sage Intacct, businesses can manage billing and revenues in perpetuity, including all future up-selling and down-selling, cancellations, and recurring billing cycles.
• Eliminate the need to manually aggregate, integrate, and reconcile subscriptions with third-party solutions.
• Navigate the complexity of hybrid models, accurately predict consumption, and roll out new pricing models with minimal impact to accounting and revenue operations.
• Gain a consolidated view of financials, billing, revenue, cash, and SaaS metrics across billing models and cohorts, including historical, current, and forecasts.

Availability

Evergreen Subscription Contracts is generally available in all regions.

Sage, the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses (SMBs), today announced the launch of Sage Intacct Real Estate, a new module that adds property management functionality to the Sage Intacct cloud financial management system. The solution combines the long-trusted, solid foundation of Sage 300 Construction and Real Estate (CRE) Property Management with Sage Intacct’s proven multi-tenant cloud platform.

A native cloud solution, Sage Intacct Real Estate provides the same reliable functionality of Sage 300 CRE Property Management, with the added benefits of being in the cloud – including the increased flexibility and convenience of being able to access the system from any web browser. The solution is designed to support multiple tenants in one space, or multiple spaces for one tenant. This feature is particularly critical due to the rapid escalation of sublease space. As more companies look to sublease space, it is important that landlords can track the original lease signee and a new tenant who may now be occupying the space.

Sage Intacct Real Estate also allows for full lease abstract tracking and provides automatic reminders of important dates, including renewal options, lease expirations, and more. Additionally, users can automate management fee calculations, as well as expense recoveries for common area maintenance, real estate taxes, and more.

Availability

Sage provides a seamless implementation experience for both new users and existing users transitioning from Sage 300 CRE Property Management. The solution is available in the U.S. and Canada from Sage and its network of trusted partners. 

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