Enhanced contract management, automated purchase order matching, accounts payable credit automation, and usage insights reports are among the new features in the Sage Intacct R3 release.
The latest updates, which went live on August 9, are designed to help finance teams improve operational efficiency and save time.
Contract Management
Customers who manage contract schedules within Sage Intacct have a new ability to pause and resume contracts in bulk, saving them the time of doing so manually, contract by contract.
Similarly, a contract dimension has been added for customers who use Sage Intacct’s revenue management tools. This allows finance teams to track revenue for specific contracts on financial reports, and to group contracts by location, vendor, or other dimensions to gain insights into current and forecasted revenue.
Enhanced Accounts Payable Automation
This quarter’s Sage release brings more functionality to its AP bill automation features. Early adopters can activate a new purchase order matching feature, and all users can unapply credits that have previously been applied to posted payments. Finance teams can view a posted payment, drill down to review the credits applied to that payment, and make any needed adjustments. This feature is designed to speed up the often-cumbersome process of reconciling payments with vendor records.
Deeper Usage Insights
Sage Intacct’s new usage insight report will help finance leaders make operational decisions about their system usage by providing at-a-glance information about active customers, vendors, locations, user counts, and other key metrics.
Companies that integrate Sage Intacct with other software platforms may benefit from the API usage measurement tool, which provides insights into the number of third-party connections into Sage and how well they’re performing. This can be useful in making sure, for instance, that automations such as posting bill transactions or importing point-of-sale data are operating as intended.
The API usage report will also be helpful for finance teams that want to avoid using enough API calls to elevate their account into a higher payment tier. By being able to examine the API calls in their system, companies can remove any API calls they no longer need.
Enhanced Email Delivery
Finance teams can enable the DomainKeys Identified Mail (DKIM) email authentication method within their Sage Intacct implementation. Doing so, allows them to send messages from their organizational domain directly through the Sage platform. This will save users the time and effort of manually transferring data from Sage to their organization’s email platform.
Email messages will have the organizational domain information as the DKIM protocol authenticates the domain in advance, reducing the potential for an email sent through Sage Intacct to be flagged as spam.
Easier Access to Source Documents
R3 also allows users to view the original source document within the line item on specific order entry or purchasing transactions. As documents enter the system, they’re linked with specific transactions so users can easily research a transaction back to its original documentation.
Additional Features
Other features included in the Sage Intacct R3 release include:
- Generate activity descriptions in Sage Intelligent Time.
- Fiscal year rollover for document sequencing.
- Enhanced Bank Transaction Assistant now supports BAI2 and CAMT.053 bank file formats.
- Employee Expense automation with OCR and Al.
The Sage R4 update is scheduled for release on November 8, 2024. We’ll announce a webinar previewing new features as the release date approaches.
If you’d like to learn more about R3’s capabilities, or the many ways Sage Intacct can help with your accounting needs, contact us.
