RSMUS.comSo many additions, enhancements, and upgrades come included free with each quarterly Sage Intacct update that it would be impossible to cover them all in one post. But we can’t let any update pass without highlighting some of the most exciting and impactful new features. Here are the standouts from the Sage Intact 2024 R1 update.
Native Fixed Assets Management
Starting with this update, Sage Intacct will be rolling out to qualified users a native solution for fixed asset management. Previously, Sage Intacct could integrate with external fixed asset management tools, but that often meant dealing with a slow, buggy, or incomplete data exchange between two separate systems. Synchronizing the data correctly could be a time-consuming and error-prone process that undermined financial visibility and decision-making—but not anymore. The new native solution enables fixed asset management to happen inside Sage Intacct where it can perfectly coordinate with other financial workflows while drawing from the same data sets. With this addition, as with so many previous ones, the developers behind Sage Intacct prove they’re listening to what real users want and working to make the platform more practical and valuable, not just bigger and flashier.
Seamless Email Security
Staying on-guard against cyber-attacks has never been more important, for each of us, but cybersecurity can’t compromise efficiency or productivity. Sage Intacct strikes the right balance in the new update by giving each user a dedicated email address. It will serve as the dedicated contact point for all account and system questions to help thwart phishing attempts. And since only users and admins have access, the accounts are highly secure yet conveniently allow users to reset their own password.
Improved Invoicing Controls
Preventing fraud, errors, and non-compliance depends on putting careful controls in place. Before, restricted users had the ability to reverse a bill or invoice even if it included line items associated with Dimensions (entity, location, department, etc.) the user was restricted from. Now, those users will receive an error message, and the reversal will be blocked. Only users without any conflicting restrictions can reverse a bill.
Faster Bill Approval Notification
A great example of the quality-of-life changes that Sage Intacct excels at making is a new change to notifications. Whoever submits a bill will now automatically receive a notification when a bill is approved and pending payment, or denied and in need of changes. Sage Intacct sent these notifications before, but to the person who drafted rather than submitted the bill, leading to occasional confusion. By listening to users and acting accordingly, the developers have made that confusion go away.
Stronger Oversight for Financial Reports
As the compass for so much decision making, financial reports must be completely transparent and trustworthy. To better enable that effort, Sage Intacct now keeps a version history of financial reports, saving a new version of the report every time changes are made. People can reference past versions to see who made changes to what and when, or restore past versions as necessary. Version control for financial reports helps with governance and oversight. More directly, though, everyone responsible for creating and updating these reports will find the process much easier now that Sage Intacct tracks, records, and distinguishes each collaborator’s contribution.
Harness the Full Power of Sage Intacct
Taking full advantage of each quarterly Sage Intacct update by learning new features and adjusting workflows helps teams grow their software ROI while strengthening their accounting and finance function. Taking these updates seriously comes with major strategic gains, which is why the RSM team is here to help Sage Intacct users learn how to leverage each update for maximum advantage.
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