Sage Intacct expands its AI-driven AP Automation to support businesses globally

The latest upgrades and features for Sage Intacct, extends regional-specific tax, banking and certifications

ATLANTA, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), today announces new enhancements and updates for Sage Intacct customers globally, to streamline financial operations and enhance security worldwide.

As part of this major expansion, Sage Intacct is rolling out AP Automation globally. In the US, businesses are already processing over 10,000 bills per month using this innovative tool, which utilizes AI to halve the time taken for accounts payable processes while saving organizations over $100,000 per year. AP Automation streamlines financial workflows by automatically creating draft bills from uploaded documents, promptly identifying issues such as duplicates, and significantly reducing data entry efforts and costs.

“Supporting our customers to focus on growing their business is fundamental to the technologies we are building,” said Dan Miller, EVP Financials and ERP Division at Sage. “AP Automation is a prime example of this and makes us the first mid-market solution to offer this outside of the US. What’s more, our ongoing global expansion and the achievement of significant certifications, showcases our commitment to providing globally compliant, secure, and robust financial solutions that meet the diverse needs of businesses everywhere.”

Sage Intacct Product Release 3 2024 Enhancements Also Include:         

• Elevated Time Entry Experience: This new Sage Intelligent Time feature, with enhanced AI assistance, supports customers with the creation of more descriptive activity card titles and the option for automatic time entry descriptions, improving clarity for approvers and users alike.
  
  Availability: US, Canada, Australia, South Africa and the UK

• Automated Employee Expense Submission—Early Adopter: Employees can email receipts directly from any device, while AI and machine learning enhance coding accuracy and adapt to user modifications for future submissions, significantly simplifying the expense reporting process.
  
  Availability: US
  

• Sage Intacct Financials Certified by AFNOR in France: Achieving NF 203 certification from Infocert, Sage Intacct meets stringent French standards, enhancing security and reliability while ensuring regulatory compliance. This certification offers our customers peace of mind, knowing their financial operations are supported by a system that adheres to the highest standards of data integrity and compliance required by French law.