ATLANTA – June 12, 2018 – Sage (FTSE: SGE), the market leader in cloud business management solutions, today announced the general availability of new product updates to Sage Intacct, a solution available in Sage Business Cloud. The new features are designed to support business growth in healthcare, nonprofit, and Financial Services, as well as investments in the company’s technology infrastructure to support mid-market and enterprise customers.
With the launch of Sage Intacct 2018 Release 2, Sage Intacct has expanded its offering to address specific challenges and needs for finance executives across a variety of industries and company sizes. “In this rapidly-changing business environment, it is important to continually innovate and provide our customers with solutions that make an immediate business impact,” said Dan Miller, VP of Product for Sage Intacct. “The launch of Sage Intacct 2018 Release 2 ensures our fast-growing healthcare customer base is HIPAA compliant. We also have invested heavily in our industry leading multi-entity consolidation and analytics capabilities, while making sure the infrastructure scales to support your growing number of mid-market customers.”
HIPAA Support in Healthcare
Organizations subject to the Health Insurance Portability and Accountability Act (HIPAA) can use Sage Intacct’s financial solutions and feel confident that the proper tools, security, and agreements are in place to support HIPAA compliance. To that end, Sage Intacct has introduced a new advanced audit trail, has achieved HIPAA and HITECH certification by Sword and Shield, and Sage Intacct will also sign a Business Associate Agreement with eligible healthcare clients. Additional information on Sage Intacct’s functionality for healthcare companies is available here.
Nonprofit Financial Board Book
Sage Intacct partnered with GuideStar to release the Nonprofit Financial Board Book, a dashboard that automates the tracking and management of best practices to deliver real-time insights. These insights help nonprofit organizations benchmark their financial health, sustainability, and mission impact. Full features and details on the Sage Intacct Nonprofit Financial Board Book Powered by GuideStar can be found here.
Consolidation Enhancements for Financial Services Companies
Sage Intacct has enhanced its industry-leading multi-entity analytical capabilities for financial services companies to support business decisions and measure success using KPIs. Enhancements include a new graphical organization view, with real-time access to financial information and drill down to subledgers in a single view. In addition, the process for setting up new books is now streamlined, making it easier to track performance by multiple accounting standards or across countries.
Scalable Platform for Midmarket Growth
Sage Intacct has invested heavily in its cloud financial infrastructure to support fast business growth for mid-sized organizations in various industries. As a result, Sage Intacct now has companies on the system with more than 3,500 users, more than 625 entities, or more than 1.8 million customers. Further showcasing the scalability of the system, top customers run businesses managing more than one million transactions per month, 17 million in-flight revenue recognition schedules, or entities spread across more than 100 countries.
Availability
Sage Intacct 2018 Release 2 is now generally available from Sage Intacct and its network of channel partners. Sage Intacct is part of Sage Business Cloud, a powerful set of cloud products to manage accounting and financials, operations, people, payroll, and payments.
To learn more about the capabilities of Sage Intacct, attend a Coffee Break Demo.