Sage Intacct Release Notes – October

by David | Nov 14, 2024 | Sage, Sage Intacct

Official Release Notes R4 – October

So what’s new with Sage Intacct? We’ve summarised the new features and functionality in the latest release of Sage Intacct. Note that some of the features being released are available as part of the Early Adopter program or is functionality for a certain region. If you have any questions please click through to the more detailed notes or reach out to us directly.

For more detailed notes, please click the following link: Sage Intacct Release Notes 2024 R4

Here’s a Quick Look at What’s New:

• Introducing Copilot Variance Analysis—Early Adopter
• Search help with Copilot—Early Adopter
• Lists enhancements – Beta
• Authenticate and validate your custom domain before May 2025
• Streamlined setup for GL Outlier Detection
• Reconcile payments and credits to AP purchase invoices.
• Send automatic vendor payment notifications to more recipients
• Pay AP purchase invoices enhancements—Early adopter
• AP Automation support for tax solutions.
• Reconcile customer payments and credits to AR sales invoices.
• Enhancements to Accounts Receivable statements
• Override tax schedules in Purchasing and Order Entry.
• Tax detail enhancements for tax submission
• Tax submission for custom tax solutions—Early adopter
• Location dimension supports up to 100 custom fields

Below we’ve broken down this list into an easy to read summary of each feature…

Copilot Variance Analysis (Early Adopter)

Real-time Budget Insights: Receive alerts and see detailed breakdowns of variances between budgeted and actual expenses.
Visualization & Drill-downs: Use charts and graphs to understand your financial health and drill down to specific GL account details.

Search Help with Copilot (Early Adopter)

AI-powered Search: Copilot understands your queries and provides more accurate search results, improving search efficiency.

Lists Enhancements (Beta)

Personalized List Views: Try the new Lists Beta interface, which includes advanced filters and allows side-by-side management of list and record details.

Domain Authentication

Mandatory Domain Validation by May 2025: Ensure your email communications are secure and reliable by authenticating your custom domain.

Streamlined GL Outlier Detection Setup

Improved Transaction Accuracy: Use machine learning to detect discrepancies in journal entries and improve your organization’s control measures.

AP Features

Reconcile Payments & Credits to Purchase Invoices: Easily match payments and credits to AP invoices using the Supplier reconciliation report.
Automatic Vendor Payment Notifications: Send payment notifications to multiple recipients, not just the vendor’s primary email.
Enhanced AP Invoice Processing (Early Adopter): Improvements for processing high-volume invoices, credit applications, and filtering bills.

AP Automation for Tax Solutions

Automatic Tax Population: AI now automatically fills in tax information when processing AP transactions that are in taxable locations.

AR Features

Reconcile Customer Payments & Credits to Sales Invoices: Use the Customer reconciliation report to match payments and credits to AR invoices.
Enhanced AR Statements: Add running balance columns to custom templates and display currency symbols on statements.

Tax Enhancements

Override Tax Schedules: Override default tax schedules in Purchasing and Order Entry transactions, useful for companies using Advanced Tax or VAT solutions.
Tax Submission for Custom Solutions (Early Adopter): Streamline the tax filing process with new workflows for companies using custom tax solutions.

Location Dimension Custom Fields

Up to 100 Custom Fields: Add more customization to your Location dimension with up to 100 custom fields.

These updates aim to streamline processes, improve data accuracy, and enhance user experience. For more details or to try out Early Adopter features, reach out to your Forpoint Solutions Account Manager.

Martus & Forpoint Solutions Partnership Announcement

by David | Jan 29, 2024 | News, Press release, Sage

Forpoint Solutions Welcomes Martus to Its Market Place Partnership Ecosystem

Sydney, Australia – January, 2024 – Forpoint Solutions Pty Ltd, a leader in providing innovative business solutions, is excited to announce the latest addition to its Market Place Partnership Ecosystem – Martus, a cutting-edge technology provider specializing in cloud-based budgeting, forecasting, and reporting software enables organizations of any size to create, execute, and analyze their budgets in a fraction of the time it takes to set up and organize a spreadsheet. This new partnership marks a significant milestone in Forpoint Solutions’ commitment to offering comprehensive and forward-thinking solutions to its clients.

Innovative Collaboration for Enhanced Solutions

Martus brings to the partnership their technology solution that adds budgeting and forecasting to any size business with fast, uncompromised efficiency and affordable price point, complementing Forpoint Solutions’ existing range of products and services. This collaboration is set to enhance the capabilities offered to current and future clients, delivering a more robust and integrated experience.

Empowering Businesses with Advanced Technologies

The integration of Martus’s technologies into Forpoint Solutions’ ecosystem will provide businesses with access to advanced reporting tools and budgeting solutions that drive efficiency, innovation, and growth. Clients can now benefit from a broader range of options tailored to meet their unique needs in today’s dynamic market.

Commitment to Excellence and Customer Success

Forpoint Solutions Pty Ltd remains committed to its mission of enabling business success through effective technology solutions. The partnership with Martus underscores this commitment, ensuring that clients receive not just products, but complete and effective solutions that contribute to their success.

About Forpoint Solutions Pty Ltd

Forpoint Solutions Pty Ltd is an Australian company at the forefront of providing innovative business solutions to the Office of the CFO. With a focus on customer success and technology excellence, Forpoint Solutions offers a best-of-breed range of products and services designed to meet the evolving needs of the finance function across various industries.

About Martus

Martus Martus provides a cloud-based budgeting and reporting solution for non-profits and businesses. Martus customers include large churches, membership associations, Tribal organizations, foundations, health care non-profits, cultural/entertainment organizations and many others. Key benefits include rapid implementations, ease of use and affordable pricing. With more than 12,000 users around the globe and partners in the U.S., Canada, Australia, and South Africa, Martus is committed to continuously enhancing its product and services to meet the growing needs of its customers and partners.

For More Information

For more information about the partnership and how it can benefit your business, please contact:

Sage Intacct Planning has launched in Australia

by David | Dec 7, 2022 | News, Sage

Our partner Sage Intacct, the market leader in cloud business management solutions, this week announced the Australian launch of Sage Intacct Planning, a Financial Planning Analysis (FP&A) software solution.

Sage Intacct Planning helps finance and accounting teams modernise and accelerate their planning processes.

Sage Intacct Planning is an intuitive cloud-based planning solution that eliminates reliance on uncontrolled, inflexible, unsecure spreadsheets and brings people, data, and analytics together in a single place for agile and confident decision-making. Sage Intacct Planning simplifies complex activities like advanced modelling and what-if scenario analysis. It gives customers more flexibility and more options for working smarter and faster.

This is an exciting opportunity for Sage Australia and our partners to provide a new way of supporting the office of the CFO by expanding beyond core accounting. We succeed when our customers succeed,” said Simon Berglund, Managing Director, Sage Australia. “Tools like Planning give our customers the ability to plan and budget efficiently and effectively, allowing them to focus on what really matters – driving their business forward and delivering on their mission.”

Sage Intacct Planning has all the features finance professionals need for more flexible and impactful budgeting and planning:

Bi-directional integration with Sage Intacct Core Accounting, allows customers to use their existing GL accounts and dimensions to manage actuals, budgets, and forecasts seamlessly.
Intelligent Planning Wizard enables customers using ERP systems other than Sage Intacct Accounting to easily import and map data and dimensions from any ERP or GL system.
What-if scenario modeling enables the evaluation of multiple options and variables simultaneously to confidently choose the best path forward.
Multi-currency planning and reporting provides seamless collaboration with budget owners in every location.
Advanced modeling facilitates the building of flexible budgets tailored to the organisation.
Rolling forecasts make it easy to modify plans and pivot as business conditions change.

Want to know more? Register your interest.

Sage Partner Event Sydney

by David | Nov 11, 2022 | Event, Sage

We loved participating in the Sage partner event. Looking forward to FY 2023 and all the exciting things to come. And to top it all off we walked away with the award for Marketing Excellence! Thanks to all at Sage for a wonderful partner event.

How Technology Makes Your Team More Strategic

by David | Sep 15, 2022 | eBook, Sage, White Paper

Download the White Paper created by Ventana Research to learn how technology will conquer time-consuming work that keeps people in the finance department from being productive.

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