The latest release of Sage Intacct is live, and chock full of usability enhancements and new features that come primarily in response to your requests. Sage is listening to users and incorporating many of the top-requested features in new releases. Here we’ve assembled a few of our favorite things about Sage Intacct 2019 Release 1.
Get Ready for Action
The new Action UI is now standard, meaning that if you’re still using the old UI (we know there are a few hold outs!), you will have to switch back, and sometime within 2019, the old UI will no longer be available. Use this as your opportunity to embrace the new UI. All new features and functionality are only available in the new UI, so you’ll be missing out on the good stuff if you don’t.
Bank Reconciliations Gain Speed and Simplicity
Bank Reconciliations in the Sage Intacct Cash Management module were updated to the new user interface (UI). The functionality of the auto-match and importing files has been enhanced, along with the ability to speed up larger volume reconciliations. With a clean design and intuitive filtering, sorting, and pagination, bank reconciliation may still not be great fun, but it will certainly be much faster and easier.
AP Approval Workflows
Accounts Payable can now handle an approval workflow similar to the current approval policies available in Purchasing. That’s right, bills created in Account Payable can now go through an official approval process. You can now create approval policies that align with your business processes without having to configure a purchasing workflow.
The Contracts module got a big boost with the ability to bill fixed-fee projects associated with contracts based on percentage of completion. You can associate the percentage of completion with the project as a whole or with one or more specific tasks associated with the project. We believe that Sage Intacct is now the only mid-market cloud solution that offers this capability.
The Sage Intacct Dynamic Allocations module now can group allocations and control the sequence. The solution also allows for book stacking in reporting so you can show allocations side-by-side with the ease of a checkbox. You can also use statistical accounts such a headcount or square footage as drivers for your cost allocations. This is big news for you analyst types! Look for us to take deeper dives into Dynamic Allocations in upcoming issues of this newsletter.
Sometimes the Small Stuff Rules
There are a number of smaller-scale enhancements in Release 1, including:
- Export effective permissions to a CSV file (super convenient)
- Record estimated landed costs at the time of purchase (better early insight into profitability)
- Automated COGS adjustments for prior periods (a big time saver)
We’ve just hit the highlights of Sage Intacct 2019 Release 1 here. We encourage you to view our recorded webinar to take a closer look at these enhancements and other productivity-boosting functionality, and contact us with your questions.