Sage Intacct 2024 Release 1: Highlights, Features, and More!
In the 2024 Release R1, Sage Intacct unveils a series of upgrades and new functionalities aimed at advancing financial management to unprecedented levels. This new version is set to enhance the user experience further and provide significant improvements across a range of financial tasks. Ideal for both veteran users and those contemplating a shift to a cloud-based system, the Sage Intacct 2024 R1 deserves detailed exploration. We invite you to explore the details of this update with us, understanding how it can revolutionize the financial management within your organization.
Notable features for this release
Sage Intacct Data Flow
Seamlessly integrate your other applications with Sage Intacct. Data Flow automates secure and reliable data transfer between your operational and finance systems on a schedule that works for you.
Benefits include:
Scheduling of automated data flow
API-level integrations
Extract, transform, and load capabilities
Handling of large data sets
Support for multiple connection types
Sage Intacct Forms and Operational Flows
Streamline and digitize your data collection and organization workflows. Sage Intacct Forms and Operational Workflows includes the following benefits:
Fully digitized workflows tailored for your organizational needs.
Flexible form builder for data collection and sharing information.
Collect any type of data required for tracking.
Drive entries into other Sage Intacct application areas from the data collected.
Deliver insights with enhanced form options.
Easily customizable and manageable workflows with approvals.
Portal capability to facilitate communication with constituents.
Automation advancements
Sage Intacct Professional Services Automation
Work smarter with an AI-powered project resource management solution.
Learn from wins and losses: AI learns from successful projects and resource utilization patterns to guide future planning.
Mitigate risk and look into the future: Analyze patterns of delivery, determine which factors are critical, and get notice of optimization opportunities.
Keep the whole team on point: Tailored insights to improve efficiency, planning and scheduling for individual team members.
AP automation multi-line GL coding (Early Adopter)
Enhance the precision of your automated draft bills with our recent updates to GL account and dimension coding, offering smart predictions for each line item.
In the past, AP Automation would assign dimensions to draft bill line items based on the coding from your most recent vendor bill. Although effective in many scenarios, this method could benefit from more flexible dimension coding, especially when dealing with bills that vary in the number of line items.
Our new enhancements allow AP Automation to identify your patterns in selecting dimension values for specific line items. As a result, through machine learning’s ability to recognize and adapt to your repeated changes, Sage Intacct can generate draft bills that more accurately reflect your intended dimension values. This reduces the need for manual corrections, enabling faster bill processing.
Interested in leveraging these advancements in GL account and dimension coding for AP Automation? Reach out to your account manager to inquire about joining the Early Adopter program. LEARN MORE
PO line level matching (Early Adopter)
Allow Sage Intacct to automate the creation of draft vendor invoices and align them with existing purchase transactions through Automated transaction matching in Purchasing workflows.
This feature enables you to configure the mapping of incoming purchase documents to existing transactions with a single setup. Consequently, you can bypass the manual conversion of purchase transactions into vendor invoices. Sage Intacct will automatically match the incoming vendor invoices following this setup:
You email or upload vendor invoice documents for automated processing.
Sage Intacct uses artificial intelligence (AI) to detect the vendor and match the vendor invoice to a purchasing transaction.
The system creates a draft vendor invoice for you, with the source document attached.
You review the draft transaction, validating it against the vendor invoice and making corrections as necessary, and then post.
Your corrections are fed back to the AI engine, where it updates the machine learning model to improve future matches.
Industry insights
Commitment compliance
We are thrilled to introduce the new Commitment Compliance tab on primary documents (commitments) for maintaining compliance records.
This section will display various compliance records related to insurance, miscellaneous, and lien waivers that are linked to a primary document ID. Within the Commitment Compliance tab, you have the capability to add, modify, and remove compliance records as needed. LEARN MORE
Enhanced project contract billing details
We added the Project contract billing details tab on to Accounts Receivable invoices. Use the read-only Project contract billing details tab to view the latest invoice billing totals for project contract lines and project contracts. LEARN MORE
- Project contract billing detail field are now available on the AR-related invoice.
- Update billing details when totals or dates change on current or prior invoices.
- Use the project contract summary and detail fields to relate printed document templates that conform to your business needs.
All Changes
Company and Administration
Permission changes: Updates and new permissions have been implemented for Contracts, Interactive Custom Report Writer, Order Entry, Projects, and Time & Expenses. Learn more about permission changes.
API usage dashboard for consoles: Users can now access an API usage dashboard within consoles, offering a unified overview of usage across all companies. Learn how to view the API usage dashboard for consoles.
A new user account email has been added! Enhance your security and streamline the process for resolving account lockouts by setting up your new user account email today! Learn more about the new account email address.
Sage Intacct empowers users to help themselves. Sage Intacct provides users with the ability to independently recover their accounts, ensuring quick return to operations if ever locked out. Learn how to use this process, just in case!
Accounts Payable
Enhanced GL/dimension coding: Discover how users of AP Automation can become Early Adopters to test AI/ML-based line-level GL/dimension coding.
Simplify contact lists in Accounts Payable: It’s now possible to restrict the contacts shown in the Pay to and Return to fields when entering transaction data.
AP Automation usage report enhancement: Learn how to export details of AP automation usage.
Submitters now receive approval notifications: Individuals submitting bills for approval will now receive notifications upon the bill’s approval or rejection. Learn how to set up notification as a submitter.
Other updates in Accounts Payable: Other updates include changes to restricted users’ ability to reverse bills and administrative users can now delete advanced filters on the Pay Bills page. Read about additional changes in Accounts Payable.
Accounts Receivable
Simplify contact lists in Accounts Receivable: The contacts shown in the Bill to and Ship to fields can now be restricted during the entry of transaction data. Discover the method to streamline contact lists.
Other updates in Accounts Receivable: Users with restricted access are now unable to reverse invoices that fulfill specific conditions. Find out more about this update affecting restricted users.
Budgeting and Planning
The latest updates in Sage Intacct Planning: Identify other collaborators on shared budgets, preserve models and statistical accounts for future use, and develop tailored views for your data. For details on model reuse and creating custom views, refer to the Enhancements in Sage Intacct Planning. |
Cash Management
Bank transaction dating: Set the time zone for a bank account to control the dates assigned to transactions from bank feeds.
Reconciliation match sequence report: Discover which transactions have been matched for reconciliation purposes. Find out the process for generating a reconciliation match sequence report.
Consolidation
A new custom report for Advanced Ownership Consolidation enables running detailed reports generated by consolidation entries. Learn about creating custom consolidation reports for Advanced Ownership Consolidation.
Enhance your General Ledger revaluation reports by opting for a summary format, making the reports more succinct and easier to review. Find out how to extract more accurate insights from your General Ledger revaluation reports.
Gain access to detailed domestic accrual data within the General Ledger report by utilizing Domestic Consolidation or Advanced Ownership Consolidation, enhancing traceability and facilitating audits. Learn about accessing detailed single currency source transactions with Domestic or Advanced Ownership Consolidation.
General Ledger
Download import templates: Import templates can now be directly downloaded from the import pages. |
Help and Training
Get the help you need: Our online support and training resources are continually updated, not only with information on new features and improvements but also with comprehensive, best-practice guidance and training for existing functionalities. Explore our newly updated or enhanced help and training materials.
Integrated Applications
Announcing Sage Intacct Forms and Operational Workflows: Enhance efficiency by digitizing data gathering and organizational processes. Discover more about Forms and Operational Workflows.
Announcing Sage Intacct Data Flow: Sage Intacct Data Flow facilitates the automated, secure, and reliable exchange of data between your operational and financial systems, customizable to your scheduling needs.
Announcing Sage Intacct Professional Services Automation: Elevate your project resource management with AI-enhanced capabilities. Delve into Professional Services Automation for further details.
Inventory Control
Inventory utilities provide insight into your data: Leverage Inventory utilities for a better understanding of transaction definitions on report totals and to address issues with landed cost and General Ledger reconciliations. Explore Inventory utilities.
Lease Accounting
| Lease Accounting enhancements: Lease Accounting now offers an improved process for creating and updating leases and their schedules, with new features like attachments, a configuration audit trail, tooltips, and more. Find out about the latest enhancements in Lease Accounting. |
Payroll
Sage Intacct Construction Payroll: Get informed about the recent developments in Construction Payroll. |
Platform and Customization Services
Smart event log changes: We are enhancing the logging mechanism for Smart events to make your workflow more efficient and keeping you informed is our priority. Discover the changes that will negate the necessity for an additional package installation. |
API usage dashboard for consoles: An API usage dashboard is now accessible for consoles, offering a unified view of usage metrics across all your companies. Find out how to access the API usage dashboard for consoles.
Platform custom help: Interested in integrating your own custom help into Sage Intacct? Learn how with our latest guidance and instructional video.
Platform tutorial: Gain knowledge on how to develop your own Platform application with our revised tutorial, guiding you through each step of the application creation process.
Purchasing
Automate transaction matching: Improve your workflow efficiency by allowing Sage Intacct to automatically generate vendor invoices and align them with existing purchase transactions. Explore the details of our enhanced Early Adopter program..
Submitters now receive approval notifications: Individuals submitting purchase transactions for approval will now be alerted upon approval or rejection of their submissions.
Reporting - Financial
Version history for financial reports: Troubleshoot and restore functionality to your financial reports using the report’s version history. Discover how to use this feature.
Improved process for setting up report schedules: The process for establishing report schedules has been refined to avoid delays caused by the system processing a backlog of reports for previous dates.
Time and Expenses
New permission for employee bank details: Introduce the new permission that enables users to reveal and confirm employee bank account numbers. Discover the process to grant this permission for accessing bank details. |
Enhancements to bank file payments: Enhancements now allow for the importation and updating of employee details for bank file payments via CSV, along with the ability to filter transactions by expense currency on the Select to Pay page. Explore the improvements made to bank file payments.
User Interface
List enhancements: Significant upgrades have been made to facilitate easier navigation and data access within lists. Find out more about these list enhancement features.
Updated user interface labels: Modifications have been made to the labels within Accounts Receivable, Company, General Ledger, Inventory Control, Order Entry, Projects, Purchasing, and Time and Expenses. Learn about the updates to the user interface labels.
Web Services
Explore Sage Intacct 2024 R1 Updates
We’re excited to present a series of updates aimed at boosting your productivity and overall performance. For detailed information, thorough explanations, and demonstration videos showcasing the enhancements introduced in Sage Intacct 2024 R1, please refer to the full, detailed list of modifications made.
