Sage Intacct 2020 R4 Overview
Sage Intacct 2020 Release 4 will make its appearance on November 15th, continuing to help transform the way organizations work by providing features that enable users to work from anywhere and do it smarter and more efficiently than ever.
Read on to see our top features, video overviews from Sage Intacct product managers and learn all about the awesome updates and improvements coming to the cloud financial solution you know and love!
Sage Intacct 2020 R4 Top Features
Brand new screen for Accounts Receivable > Receive Payments
AP Bill Approvers can now modify and approve bills, instead of rejecting and restarting workflow
Create “reporting only” dimensions for better dimensional hierarchies while maintaining proper data tagging
New Healthcare and Hospitality Dashboards that are pre-built with industry metrics
Early adopters can access new A.I. features, like GL Outlier Detection and Interactive Visual Explorer
Sage Intacct 2020 R4 Review
Sage Intacct 2020 R4 Spotlights
Sage Intacct 2020 R4 By Module
Accounts Payable
- 1099-MISC, Box 7 will be going away effective this release
- Approvers can now Edit Bills during Approval process to eliminate decline-and-restart for faster processing
- Report filter available to exclude credit card transactions from AP Aging and Ledger reports
- Import to post A/P Adjustments now
- Include transactions paid by advances to adjustments on 1099 forms and reports
Accounts Receivable
- New screen interface and improved experience for Receive a Payment
- Email templates from Order Entry now extended for use with AR Invoices and AR Statements delivery
- Line item credit application controls now available
- Merge field for Entity Tax ID now available for printed document templates
- Include negative lines in manual deposits now for discounts and credits on payments without an invoice
- Import to post A/R Adjustments now
Cash Management
- Connect multiple accounts to bank feeds at once per banking institution with one login and configuration page
- Insight and details on the Matching history (matched by, matched date, etc.) in bank reconciliations
- Certain new restrictions on GL account, currency, and Location preventing changes after creation for data permanence and integrity
- Credit Card account numbers are no longer stored and not saved for more security
General Ledger
- GL Outlier Detection available for early adopters to help identify potential errors in journal entries submitted for approval
- Generate dynamic allocations consecutively in queued runs over time
Platform and Customization Services
- Log for custom Triggers to see history and failed triggers on custom objects
- Action UI layout setting options extended in user preferences for environments with customizations
- Get links to view Content Security Policy violation details
Budgeting and Planning
- Dimension mapping table improved for visibility into unmapped dimensions
- Create budgets in the wizard with up to four dimensional tiers
- View budgets by the currency of each of your entities
Reporting and Insights
- Reporting-only dimensions can now be created for proper dimensional hierarchies with the posting control desired
- Interactive Visual Explorer now available to Early Adopters for richer data visualization and presentation options for Dashboards or more
- Freeze the first column in financial reports run in the browser (HTML) for better analysis when scrolling
Multi-entity
- New report on all Inter-entity transactions with links to the source transactions that originated them
- User with a single entity restriction will now be able to access Top Level as well
Contracts
- Generate invoices by customer in mass option now available
- Configuration controls over journals to reduce complexity when needed
- Automatically prorate amounts for partial periods in monthly billing schedules
- New Column filters in transaction history for faster identification of specific posting events
- Easily open renewal history controls and drill down to the source child and contract from renewal tabs
Web Services
- Use the new query function on custom objects
- Budget API users should prepare to migrate their data to take advantage of the new budget API (and avoid future problems)
- Various related or like-kind improvements for API related to modular improvements with this release
AND SO MUCH MORE!
See the comprehensive list of changes made in Sage Intacct 2020 Release 4 for all the details and in-depth descriptions of the changes coming to the product.
