Sage announced on Tuesday a new wave of artificial intelligence-powered automation and industry innovations for its flagship cloud-based financial management platform Sage Intacct, with updates that improve accuracy, reduce reconciliation effort, and simplify contract, fundraising, and project workflows.
According to Sage’s The Secrets of Successful CFOs report, 69% of CFOs say they are juggling too many responsibilities, 87% regularly feel stressed, while more than half (51%) are already leveraging AI-powered tools built for financial workflows. Automation is key to reducing that pressure, Sage says, unlocking greater efficiency and giving finance leaders the visibility and confidence to lead proactively and plan for the future.
“Every finance leader I speak to feels the pressure to perform at pace,” Dan Miller, executive vice president of the Financials and ERP Division at Sage, said in a statement. “With these latest enhancements, we are saving them time and giving them greater visibility for data-driven decisions, driving future growth and creating high-performing teams.”
Sage says this latest release brings a range of updates that show how the company is continuing to invest in a smarter, more connected experience for modern finance teams.
“From strengthening fundraising capabilities for nonprofits to simplifying healthcare reporting and automating reconciliation for growing businesses, Sage Intacct’s latest updates are designed to empower finance teams with the time, clarity, and confidence needed to drive smarter financial decisions,” Sage says in a May 13 media release.
These updates include:
- Copilot Close Assistant: Simplifies the month-end close with proactive tracking and a centralized summary view of all critical tasks. This gives finance teams real-time visibility into close progress across subledgers and general ledgers, enabling faster issue resolution, smoother collaboration, and a more efficient, predictable close. Availability: GA in the U.S. and United Kingdom.
- Copilot Subledger Reconciliation Assistant: Automates reconciliation reporting, highlights variances, and provides drill-down insights for faster issue resolution. With improved transparency and reduced manual checks, teams can catch discrepancies earlier and close books with confidence. Availability: Early adopter in the U.S. and United Kingdom.
- Sage Intacct Fundraising powered by DonorPerfect: Connects donor data and financials to optimize fundraising strategies and build donor relationships. Nonprofits using the solution have reported an average 25% increase in funds raised in their first year and double-digit growth for years thereafter, driven by unified reporting and real-time visibility into campaign performance. Availability: GA in U.S. and Canada.
- Automated WIP Relief: Automatically moves work-in-progress balances upon project completion, improving alignment of costs and revenue. For service businesses, this reduces the risk of misstatements and speeds up the financial close with accurate, automated journal entries. Availability: U.S., United Kingdom, Canada, South Africa, and Australia.
- Sage Intacct EMRConnect Dashboards: Offers operational and financial insights for healthcare providers. With real-time access to key metrics like clinician efficiency and occupancy rates, finance leaders can proactively manage costs and drive operational efficiencies with data-driven decisions. Availability: U.S. only.
- Contract Summary Tab: Consolidates key contract data into a single view, giving teams clear insight into billing, purchasing, and project details. This reduces inefficiencies, mitigates risk, and empowers faster, more informed decision-making. Availability: U.S., United Kingdom, Canada, South Africa, and Australia.
- Tessitura Ticketing Connector: Integrates ticketing and financial data for arts and culture organizations. With this connected solution, billing and payment data flow effortlessly between systems, eliminating manual entry, improving accuracy, and providing a 360-degree view of an organization’s financial health. Availability: U.S. only.
- Goods and Services Tax support for New Zealand and Singapore: Delivers local tax setup and reporting capabilities. With automated goods and services tax configuration, businesses can maintain compliance with ease and scale confidently into new markets. Availability: Early adopter in New Zealand and Singapore.
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