I’m excited to share that Sage Intacct has just launched the latest version of our award-winning cloud financial management software—Sage Intacct 2018 Release 3. We continue to enhance the capabilities to deliver even more value to our customers.

When you’re a growing business, your finances tend to get more complex. Whether it’s expanding into new territories, adding new products and billing methods, or meeting new standards, you need a flexible solution that scales to meet your growing business demands. But when the complexity increases, you can’t take your eye off the ball—you also need to ensure that you’re meeting profitability targets.  

Release 3 provides more business flexibility to meet today’s growth challenges while also enabling you to gain increased control of your company spend. We’re delivering functionality that enables Accounting to be a more valuable partner in growing your business while also freeing up time for additional value-added activities.

Release 3 Highlights

Here is a quick overview of some of the new or enhanced functionality available in Sage Intacct 2018 Release 3 across several key areas:

Global consolidations

Until now, mid-market accounting solutions haven’t provided the ability to decentralize consolidations. Consolidations have been the job of corporate headquarters, who runs them for the whole company. Giving access to the regions to run their own consolidations would mean giving access to the whole company—something most companies don’t want to do.  That becomes an issue when the regions need access to more timely reporting to drive decisions. With Release 3, you can grant access to designated users to independently run their own consolidations whenever needed. For instance, your EMEA team no longer needs to wait on headquarters to get their reports. This means they get their reporting when they need it for decisions.

Spend management

Managing the expense side of your business is critical to maintaining your profit margins. With expenses coming not just through purchasing, but also coming through accounts payable and the general ledger, it can be difficult to keep tabs on all spend. Spend Management in Release 3 helps keep spending in line with budgets using proactive online and email warnings and automatic prevention of over-budget transactions. It helps you control spend across purchasing, general ledger, and accounts payable. You can compare to any budget or time period, level of detail or dimension, or transaction type giving you lots of flexibility to manage spend to your business needs. And, approvers can view spend insights to help them make better decisions that impact the bottom line.

Nonprofit standards compliance

With the deadline for the new FASB 958 reporting standards approaching, many nonprofits haven’t started planning their transition yet. In this case your procrastination payed off because Release 3 provides a head start on compliance. Using prebuilt compliance reports and tailoring them as needed for your nonprofit, you’ll save time by not having to create reports from scratch.  Plus, new prebuilt Compliance and Disclosures Dashboards provide a centralized location for both your quantitative and qualitative information. You won’t have to track your disclosures in spreadsheets. And drill-downs to your audit reports will simplify audits. Having all information in one place also streamlines telling your story to the board and other stakeholders. Aren’t you glad you waited?

Salesforce CRM Integration

When integrating two systems, you want the integration to be as seamless to the end user and as accurate as possible. That’s why Release 3 provides more ways to achieve both. Configurable profile layouts streamline the user experience. And smarter synchronization helps improve accuracy and process efficiency.

Contract Subscription Billing and Revenue Management

Managing billing and revenue when contracts are complex can get complicated, especially if your accounting solution doesn’t automate all the various scenarios you might encounter—even when those scenarios aren’t common. That’s why Release 3 adds support for more use cases in multi-element arrangements. And, it continues to add more billing options, renewal options, and billing schedule behavior. These changes save you time and take the pain out of those unusual scenarios that come up. 

There are many more enhancements across Sage Intacct to simplify and streamline your day-to-day lives. 

To Learn More

Release 3 is available now. Existing customers can check out the Release 3 Release Notes or talk with their Customer Account Manager for more information.

Not yet using Sage Intacct? Attend a coffee break demo to learn more about how Sage Intacct helps you drive improved business performance – throughout your organization.

Also, stay tuned to our blog over the next few weeks to learn more about Spend Management and FASB Topic 958 compliance for nonprofits.