Silverware’s Sage Intacct Practice Leader, Nancy McCarthy, highlights her favorite new features in each quarterly release. The list of new features and functionality can be large and may get overlooked in the course of running your business. Nancy’s perspective as an accountant, Sage Intacct user and Sage Intacct consultant helps you zero in on the best-of-the-best new features and learn ways to use them to increase the value of your company’s Sage Intacct investment. Read on to learn about Sage Intacct 2019 Release 2.
Each quarter, Sage releases an update to Sage Intacct, including new capabilities. Some of the new features may be subtle improvements, others can be transformative to your operation. The challenge for most businesses is to stay on top of what’s new, understanding enough about each new feature to know if and how it can improve operations. That’s where Silverware comes to the rescue. We take the time to review, test and understand the new features and share what we’ve learned with our customers.
The Sage Intacct 2019 Release 2 has a long list of new capabilities, but here are my favorites—ones I think will have the broadest appeal to Sage Intacct users:
- Ready, Set, Action: The Action UI (user interface) is now the default for all users. If you have been putting off learning the new UI, please start the process. It’s easy to use, and most of the newest features and functionality of Sage Intacct are only available through the new UI.
- Balancing the books: Have you started using the new Bank Reconciliation that was introduced in 2019 Release 1? If you haven’t, it might be that you are still using the older UI. The product development team at Sage Intacct added permission-based functionality that facilitates segregation of duties within the Bank Rec. For instance, you can have different permissions for the upload and matching process, the reconciliation, and the bank reconciliation reports. Let us help you start using the new UI and the Bank Rec functionality.
- Just say no: Finally, my favorite new functionality in this recent release is the ability to mark a GL account as a control account to disallow direct posting. The subledgers in Sage Intacct all post directly to their appropriate GL account, such as Accounts Payable and Accounts Receivable. Until now, you could mistakenly post a journal entry to one of these accounts and throw off your subledger matching to the GL. Now in the GL account set up for your Accounts Payable account, you can select a checkbox that will disallow direct journal entries. Don’t you just love features that make it harder to make routine mistakes?
It’s a journey
We believe in long-term value creation, and it’s clear Sage does, too. When you chose Sage Intacct, you didn’t choose a stagnant behemoth ERP. Instead, you got a dynamic, agile and living financial application that is on a course of continual improvement. There’s a tremendous amount of functionality here, and more is added every quarter, just as with the Sage Intacct 2019 Release 2. It makes sense to start slowly and enjoy the easy wins associated with a professional implementation. Then you can begin to craft a culture that craves the new and looks for opportunities to improve with every new release.