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Sage Intacct Construction and Procore partner to provide a complete cloud-based financial and construction management solution

New native cloud solution empowers financial managers of construction companies to make critical financial decisions and manage costs and productivity in real time.

Sydney, NSW Thursday 13 October, 2022 – Sage (FTSE: SGE), the market leader in cloud business management solutions, today announced the Australian launch of Sage Intacct Construction.

This new native cloud solution empowers financial managers of construction companies to make critical financial decisions and track and manage costs and productivity in real time, from any location. It also helps reduce typical financial consolidation across multiple entities from 100+ hours down to just a few minutes. 

“Sage Intacct Construction provides construction financial managers with faster access to real-time financial and operational data, while streamlining processes to free up time for more business analysis,” said Simon Berglund, Managing Director, Sage Australia. “Reporting on what happened yesterday is no longer enough for today’s construction financial manager. Financial leaders need to know what’s happening right now and need real-time data to anticipate what will happen in the future.”

Sage Intacct Construction offers critical, industry-leading functionality, including:

  • Native cloud solution: real-time access from anywhere, available at any time and software that is always up-to-date
  • Streamlined multi-entity consolidation: easily consolidate many legal entities and reduce financial consolidation from more than 100 hours to just a few minutes
  • Dimensional reporting: analyse actual and estimated project costs using live data without needing to export to a spreadsheet. Assess financial data by project, task or other configurable dimensions for improved decision-making
  • Project estimates: easily track and manage costs and productivity throughout the full project lifecycle with specific functions including estimates, job controls and accounting
  • Change management: easily manage contract variations with customers and contractors directly from the project contract
  • Real-time dashboards: get up-to-date visualisation on company and project performance, enabling users to make more informed decisions

Designed to meet the unique needs of construction companies, this new cloud financial management solution builds the powerful and popular functionality of Sage 300 Construction (formerly Sage Timberline) onto the Sage Intacct multi-tenant cloud platform.

“Sage Intacct Construction brings together the most trusted names in the accounting and construction software industries – Sage Intacct and Sage 300 Construction,” said Peter Choo, Sage Product Manager. “It can be easily integrated by construction firms with an array of operational applications to provide the best overall solution to their business needs.”

Expanded partnerships with Procore, Synergy Information Systems and Thrive to launch Sage Intacct Construction in Australia

Procore offers a cloud-to-cloud integration with Sage Intacct Construction as part of an expanded partnership that provides users with a complete construction management solution offering an intuitive and comprehensive view of their business, the ability to forecast confidently from the field and real-time access to financial information from anywhere. Streamlined processes, improved collaboration and efficiency, and enhanced capabilities help further accelerate cloud adoption and digital transformation.

"We're excited to bring our connector with Sage Intacct Construction to the Australian construction industry," said Tom Karemacher, Vice President APAC at Procore. "Our world-class cloud solutions come together to provide construction companies with improved access to financial data in real time and therefore greater visibility across projects and business units. Together, Procore and Sage consolidate the most accurate and up-to-date financial information that construction teams need to deliver their projects on time and within budget."

Sage Intacct Construction will be delivered in Australia by leading Sage Partners who are industry specialists with the expertise and experience to procure, implement and support the adoption of native cloud solutions for construction businesses.

Synergy Information Systems works in partnership with customers to deliver business information solutions to the building, construction, engineering and property industries. For more than two decades, Synergy has supported customers across Australia from offices in Melbourne, Adelaide and Brisbane.  

“Synergy has been a channel partner with Sage construction software solutions for more than 20 years, and during that time we have developed many local add-on modules to the core solution including Advanced Procurement and Field Mobility Apps. We regard Sage as the leading global software provider of choice, and the best vendor partner in the business. Our recent experience with the Sage Intacct Construction early adopter program has been beyond our most ambitious expectations and we are excited for the official launch of this amazing product.” 
Gary Betts, CEO, Synergy Information Systems

Thrive is a construction industry specialist that works to provide customised solutions to suit the unique needs of each customer, from a single product to a comprehensive, end-to-end solution. Thrive operates across Australia and has offices in Sydney, Melbourne, Brisbane and Cairns. 

“The construction industry is crying out for a modern, powerful cloud accounting solution and Sage Intacct delivers in spades.”
Chris Lord, Thrive Technologies

“The biggest advantage of having Sage Intacct Construction is the massive amount of time we save having all of our Entities in one place. It is just so easy compared to what we had. This is very relevant for all Construction businesses that have multiple companies.”
Narendra Shukla, Management Accountant, Ark Industrial

Sage will announce the addition of new ISV partners as the Sage Intacct Construction ecosystem continues to grow.

 

Press contact:
Jacqui Donovan
Director of Marketing
Sage
[email protected]
Tel: 0467 776 309