Technology & Innovation

2022 release 2 highlights: Sage Intacct delivers increased industry depth

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If you work in a Software-as-a-Service, Wholesale Distribution, or Construction company, we get that your business is complex. Without automation, that complexity can quickly take over your life. You need accounting and ERP to do the heavy lifting for you so you can focus on the thinking work that you do best. And that’s what Sage Intacct 2022 Release 2 does. It delivers new functionality that saves you hours of time and provides you with the insights you need to drive success for your business. Let’s dive right in.

New billing models? No problem.

In today’s competitive market, many SaaS and subscription businesses grow by offering a variety of billing models to acquire, expand, and retain customers. This blend of models has long been a challenge for the back office because there wasn’t an accounting solution that could handle blended models without integrations, painful workarounds, and disjointed reporting.

In Release 2, Sage Intacct builds on its leading subscription billing solution for termed subscriptions, adding support for evergreen subscription models. Evergreen support eliminates the need to manually aggregate, integrate, and reconcile subscription contracts. With simple setup, you bill customers as well as forecast billing and revenue—all from within your accounting solution.

As the only accounting and ERP solution to support hybrid subscription models, Sage Intacct enables customers to:

  • Manage billing and revenues in perpetuity, including all future up-selling and down-selling, cancellations, and recurring billing cycles–all within Sage Intacct.
  • Configure billing for 300+ hybrid, product-led growth, usage, evergreen, and enterprise billing models.
  • Accurately predict consumption and roll out new pricing models with minimal impact to accounting and revenue operations.
  • Gain a consolidated view of financials, billing, revenue, cash, and SaaS metrics across billing models, including historical, current, and forecasts.

With support for blended models and clearer insight, your accounting solution won’t hold you back. You can roll out the models that best support your business with agility, making it easier to stay ahead of your competitors.

Who would say no to more stock visibility and quicker order response times?

In your inventory-based business, insight is power. Real-time visibility is imperative in this era of increased demand and supply shortages. In fact, utilizing real-time inventory is no longer optional—it’s a necessity.

In this release, users can slice through their order log using criteria of their choosing, select only the order lines they want to process, and then reserve and release those order lines to be acted upon. Whether it’s a simple pick and ship, or a complete pick-pack-ship-invoice workflow, companies define the path to follow. As the fulfilment transactions are executed, the system automatically updates order statuses and the quantity processed on each step of the selected order workflow.

Having instant, up-to-date visibility into order status throughout the fulfilment process helps your organization maximize efficiency and enables faster, more informed decision making.

Now, that’s progress (for construction billing)!

In construction, many projects are lengthy and are often subject to overspend. As you know, paying vendors at project conception and completion is risky for both contractors and project owners, often taking more time and money than initially budgeted for. For everyone, progress billing is a breath of fresh air. Payments are made progressively throughout the course of a project, giving teams greater confidence in the project being completed in a timely matter, and granting better visibility into cashflow for vendors and customers. Many general contractors have been waiting this functionality in a cloud solution; harnessing real-time and actionable data is critical for optimizing budget management and payment visibility. Now, a cloud solution is available in Sage Intacct.

Release 2 streamlines the progress billing process. More billing options for time and materials billing improve the creation of AIA-style payment applications. With comprehensive management of construction contracts and schedule of values, your general or specialty contractor business gains greater flexibility to manage billing and contracts to your needs. Employ faster and simpler workflows using our streamlined billing workbench for progress billing for time and materials. Gain mission-critical insight into your project profitability, rather than getting outdated insights months after they’re relevant.

But wait, there’s more.

These are only a few of the many new features and enhancements included in Sage Intacct 2022 Release 2. Our newest features deliver time savings, increase confidence, and provide new insights for your organization, allowing you to focus on making a higher-value impact.

If you are a current Sage Intacct customer and want to learn more, check out the Release 2 highlights in the Sage Intacct Release Notes.

If you’re in the market or curious about exploring a new financial management software solution, attend one of our daily coffee break demos to learn more.