Sage Intacct 2022 Release 3 Notes: What’s New in Sage Intacct
One benefit of using modern cloud accounting software like Sage Intacct is that you benefit from the ongoing development of new features and enhancements that are released every quarter. New releases are automatically added to Sage Intacct so users can immediately get the benefits of the new functionality. Each release can include a combination of new features, bug fixes and user-enhancing changes. Sage Intacct Release 3 (R3) has just been launched and comes with some considerable enhancements. Continue reading to take a look at some highlights from Sage Intacct’s Release notes and learn more about its increased automation, usability, and flexibility.
Increased Dynamic Allocations flexibility
Improved Dynamic Allocation handling means you can support per-dimension value allocation for Employees and Projects and enable restricted users to leverage Dynamic Allocations.
Accounts Payable and Accounts Receivable Enhancements
Eliminate confusion and clarify tasks with a more simplified Receive Payments workflow and easily track an advance throughout its lifecycle from the AP Advances page. Other improvements include multi-currency support, better control of summary frequency and new user permissions that allow for finer granularity.
Canadian Input Tax Credit (CITC) Support
If you’re a business operating within Canada, you can now easily partition out the exempt portion of the tax expenditure in Purchasing transactions.
Subscription and SaaS Industries: Convert Themed Contracts to Evergreen
In the 2022 R2 release, the evergreen contract type was introduced, but in this release, you get the flexibility to renew a themed contract into an evergreen contract.
Construction: Project Contract Enhancements
The R3 update has made it easier to import and duplicate contract and contract lines functionality to make it easier to create and update project contract information. Experience improved visibility and ease of reporting on conversion workflows as project screen layout optimizations show you key information at a glance.
Non-profit: Introducing Sage Intacct Mateo
Streamline and optimize savings and loan programs for Diocesan organizations with the new cloud-based application, Mateo. With Mateo, you can pay third-party vendors from savings and loan accounts, combine deposits to streamline bank reconciliation, and generate monthly interest postings and bank statements.
Cloud Platform Enhancements
Additional Pre-Built Insights
Six new out-of-the-box dashboards have been created for General Business and Non-Profit organizations to get the critical business information you need, designed specifically for roles like AP and AR managers, CFOs, Controllers and Department Managers. For software subscription companies, SaaS Intelligence dashboards enable insights into the most important software and subscription metrics.
More Automation: Reconciliation Rules and Subscription Billing
Reduce manual effort and save time with reconciliation rules that can help you automatically create credit card transactions in Sage Intacct. New transactions match to bank transactions for reconciliation to save you time and help with month-end close.
Subscription-based businesses can set up invoice policies that define parameters and criteria to generate invoices on a set schedule, eliminating manual steps in the invoice generation process.
These are just a few highlights of the Sage Intacct 2022 Release 3 notes. Improved financials, deeper cross-functionality and enhanced cloud platform capabilities deliver time savings, increase trust and accuracy and provide new insights —without any work to update on your end. If you’re interested in learning more, get in touch with one of our experts today.