Sage Intacct R3 2024 is available on August 9. This third update for 2024 boasts new features designed with your needs in mind, ensuring that you continue to get the most out of your investment in Sage Intacct. The Accordant Client Enrichment Group got together to review the new features in the release. Here are their favorites and why they are excited about them.
WIP Management
Utilize WIP schedules to track overbilling and underbilling while forecasting the predicted profit at the end of your project. WIP schedules are invaluable for project managers, controllers, CFOs, and anyone overseeing the profitability of ongoing projects. CFOs and project managers can leverage this interactive tool to input their project cost and revenue forecasts, complemented by data extracted from Sage Intacct Construction.
Why we are excited about this: Finally, the feature EVERYONE has been waiting for!
Note: This requires configuration.
Joint Checks for Construction
This new feature in Accounts Payable, only available with the Construction subscription, allows contractors to easily create and track joint checks for one or more joint payees on an AP bill.
Why we are excited about this: The CEG team is excited about this, but Bob is ecstatic about it! No more complicated workaround to create a joint check.
Note: This requires configuration.
New Construction Manager User Type
Leverage the new Construction Manager user type to provide Construction Project Managers with access to Sage Intacct Construction. Additionally, you can grant Construction Managers full access to Sage Construction Management for comprehensive project oversight.
Why we are excited about this: 1 user for both Sage Intacct and Sage Construction Management is huge!
Note: This is a user purchase.
Customize The Discount When Receiving A Payment
This idea came from users!! You can now edit or add a discount on the fly. If you have received a payment that doesn’t match the invoice amount, you can now adjust the discount account to account for the difference.
Why we are excited about this: This is Mary Beth’s favorite feature of this release. We can now adjust for cash over shorts while creating the cash receipt. No more creation of separate adjustments.
Note: This requires configuration.
Unapply Credits Or Void A Payment In Posted Payments Page In Accounts Payable
This idea came from users!! Now, credits can be unapplied from a payment directly in the Posted Payments screen. Once a payment is unapplied, it becomes available for use on other bills. Additionally, a new tab has been introduced, allowing you to review credits applied in detail on the Posted Payment page. Also, now you can void the payment from the Posted payment page using the option to void the payment next to the payment.
Why we are excited about this: Now we have the visibility on the payment that we have been looking for. Are you tired of running a check register to void a payment? Us too!
Convert Multiple Documents Into A Single Purchasing Transaction
Convert multiple documents, including specific lines of documents, into a single purchasing transaction to create one vendor bill.
Why we are excited about this: Vendors who invoice for different jobs on the same invoice will no longer require multiple AP bills to be created from Purchasing.
Note: This requires configuration.
Bank Transaction Assistant File Import Enhancements
There is a new way to import your bank transactions for reconciliation that focuses on flexibility, control, and visibility. Now, it’s generally available for all to use.
Why we are excited about this: For those who are unable to activate bank feeds, streamlining the bank file import process will make month-end tasks easier.
Note: This requires configuration.
Enhanced Email Delivery Insights
The enhanced email delivery service leverages DKIM, the industry-leading standard for email security, ensuring your emails are delivered to their intended recipients quickly and reliably. Additionally, our comprehensive email log offers detailed visibility into the delivery status of your emails for each recipient.
Why we are excited about this: Sending out authenticated emails out of Intacct means that the recipients will receive them.
Note: This requires configuration and your email administrator.
Sage Construction Management
Unveiled in October, the new Sage Construction Management platform (formerly Corecon) is a testament to Sage’s commitment to delivering comprehensive cloud solutions. This system is not just another construction tool; it embodies end-to-end functionalities covering the entire construction process, from pre-construction and operations to financials. The platform offers an alternative to Procore for an economical annual subscription that fully integrates into Sage Intacct.
View the product sheet here.
Conclusion
In conclusion, the Sage Intacct R3 2024 release shows that Sage has been listening to both users and partners. A lot of these new features are things that we have all been asking for. Our Client Enrichment Group remains dedicated to helping you maximize the potential of these system advancements.
Eager to learn more? Commencing August 9th, delve into the comprehensive Sage Intacct R3 2024 notes, conveniently accessible from your Sage Intacct homepage.
Additionally, stay informed about future releases through the Release Calendar, ensuring you are primed for what lies ahead. Your homepage will serve as a vital resource, offering insights into forthcoming updates a month before their release.
When we say, “This idea came from users!!” What do we mean? Sage actively encourages its users to share their ideas in the Intacct Community, where other users can vote on these suggestions. Sage’s engineers monitor these ideas and strive to implement the most popular ones in the quarterly product releases.
For more information, contact us at [email protected] or call 973-887-8900.
