Here we kick off a series we’re calling Capabilities That Matter, where we’ll take a closer look at the features and functionality Sage Intacct provides that truly set it apart from the crowd, and why those features and functions are vital to your organization’s long-term success. The first capability that matters: Sage Intacct intelligent innovation.
Sage Intacct Intelligent Innovation
Software publishers typically promote their products by touting their features. And while it’s true that an ERP’s functionality is important in the selection process, it’s also true that most modern cloud ERP applications provide largely the same feature set. That’s right, we’ve said it: most cloud ERPs do most of the same things. You have to dig deeper, ask the right questions, and consider what will really make a difference in your operations. In other words, in a sea of parity, how can you zero in on the real value propositions? And, in the case of Sage Intacct intelligent innovation, why should it matter to your organization?
You may remember that Sage recently named Aaron Harris as the corporate-wide CTO. Harris is one of the founding leaders of Sage Intacct and served as Intacct’s CTO before the acquisition. We see the move as clear evidence that Sage is committed to leveraging emerging technologies (such as artificial intelligence or AI) to improve user experience, drive business efficiency, build migration pathways and improve the reach and connectivity of its ecosystem.
Since the acquisition, Sage Intacct continues to be the beneficiary of tremendous development resources, many of which are clearly intended to better equip you to compete and succeed in a fast-moving digital world. Marc Linden, Sage EVP and GM of Medium Segment Native Cloud Solutions, summed up the company’s intentions well at this year’s Advantage 2019 conference, “We’re quickly moving from the Age of Information to an Age of Answers. To enable our customers to transform the way they think and work, we continue to deliver a steady flow of industry-first products and enhancements to our software, so they are poised for the future of finance.”
Smart in action
It adds up to a culture of Sage Intacct intelligent innovation, not to meet a prescribed checklist of features, but to provide advanced technologies that make a definitive impact on financial management and operations management – things like these gems announced at Advantage 2019:
- Intelligent GL
Sage unveiled what it’s calling Sage Intacct Intelligent General Ledger. Its goal is to deliver strategic value across three domains – accounting, trust and insights – through several AI-enabled use cases, including: the ability to leverage AI to accelerate time to revenue with intelligent time capture, improved anomaly detection to speed up the financial close process, and provide improved insights to predict customer renewal and churn rates. Predictive analytics are critical to subscription-based businesses.
- Integration between Sage Intacct and Sage People
Another manifestation of the smart investments Sage is making in the solution is the new integration between Sage Intacct and Sage People. The marriage will deliver powerful business management capabilities through a unified system for financials, budgeting and planning, HR and people management.
- Custom Report Writer Additions
Last year, Sage introduced the Sage Intacct Interactive Custom Report Writer – which is innovative enough to warrant its own post, so stay tuned. This year, to provide customers with a jumpstart on their operational insights, Sage Intacct is rolling out an expanded library of more than 50 pre-built custom reports designed to encourage new ways for you to look at your information and improve decision making. Smart, quick and effective.
- Visual Explorer
Coming in 2020 will be the Sage Intacct Interactive Visual Explorer, designed to provide new ways to discover business insights using visualizations. It will enable collaborative exploration through advanced visualizations, and the ability to add annotations to reports using an innovative “narrate” mode to find and capture insights during the analysis right in line with the reporting.
The timeline for the releases of these Sage Intacct intelligent innovations spans the balance of 2019 and into 2020. The strategic direction of the publisher is a critical decision factor for companies investing in long-term solutions.
Sage Intacct is arguably the most innovative financial management system on the market today – but here again, we caution that an array of cool features should not be your criteria for selecting a new ERP or accounting solution. We encourage you to look beyond the claims, seeking out advanced functionality and capabilities that truly make a difference in your operation. A trusted partner is an asset in that search, and onward into your selection, implementation and day-to-day use. Think of your ERP investment as an annuity, paying dividends over time, and your partner as your advisor, helping you optimize your holdings for maximum long term value.