12 Feb Sage Intacct 2025 Release 1
The release highlights include the following:
Sage Intacct
AP Automation with Purchasing
Streamline the process of drafting and matching incoming purchasing transactions with Purchasing automation, an add-on to AP Automation. AP Automation with Purchasing drafts the incoming PO purchase invoice and matches it to any previous documents, such as the purchase order or receipt. let Sage Intacct match incoming PO purchase invoices, using the following workflow:
- You email or upload PO purchase invoice documents for automated processing.
- Sage Intacct uses artificial intelligence (AI) to detect the supplier and match the PO purchase invoice to a Purchasing transaction.
- The system creates a draft PO purchase invoice for you, with the source document attached. Line items populate based on the matched source transaction.
- You review the draft PO purchase invoice, validate it against the source document, make necessary corrections, and then post.
- Your corrections are fed back to the AI engine, which updates the machine learning model to improve future matches.
More flexible approval delegation
Your team members can confidently enjoy their holiday time knowing that incoming purchase requests during an absence will not be held up when they’re away from the office.
Supplier-based approval for AP purchase invoice routing
When you add the supplier-based approval rule type to your AP purchase invoice approval policy, you have the option to assign an AP purchase invoice approver to each supplier, in the supplier record. Then, when an AP purchase invoice is submitted, Sage Intacct adds the AP purchase invoice to the assigned approver’s queue for review.
More flexibility and functionality for projects and grants
Sage Intacct added new options to the Configure Projects page so that you can select the tabs that you want to appear on your projects.
Simplify cost and grant reporting with one-click downloads. Select and compile source documents into a single zip file for streamlined reporting.
Automate revenue management with third-party billing applications
Simplify revenue management for third-party billing by integrating Sage Intacct’s Revenue Management that enables you to process, defer, and recognise revenue from external invoices with greater accuracy while ensuring compliance with AASB 15 standards.
Enhancements to Customer statements
Sage Intacct are excited to announce support for custom fields in templates and more convenient processing for large statement runs.
Bank transaction assistant supports draft payments
For greater flexibility, you can now draft customer payments that you are not ready to post using bank transaction assistant. Easily and quickly assign customers to bank transactions and then receive multiple payments for multiple customers, all from the Bank transaction page. After you receive payments, and post them in Sage Intacct the bank transactions automatically match for reconciliation.
Automatic reclassification of balance sheet accounts as either an asset or a liability.
To ease compliance with reporting requirements, you can now set up regularisation accounts. A regularisation account is an account that can be classified as either an asset or a liability on the balance sheet. Run the GL regularisation account reclassification report to see which regularisation accounts are eligible for reclassification. You’ll then have the option to create the journal entries to move the balances from the original accounts to the reclassification accounts.
New Variance analysis report
You can install one of the new Variance analysis reports, Sage Intacct has created new reports to analyse your budget performance by department or location. These reports are useful for CFOs, controllers, department managers, or anyone monitoring your organisation’s budget.
Martus Budgeting
Planner
- Now you can paste values from Excel into the budget widget on worksheets and SPWs
Special Purpose Worksheets
- Shortcuts to add lines in your SPWs. Use the new “plus” icon to add a line to any section.
- New Copy icon to create a new line. The new line will have all the same basic information (associated dimensions, posting status, GL account, etc.)
Report Builder
- Show expenses as positive values, by default
Personnel Budgeting
- Pay types: new “Duplicate” button on the Edit screen. This makes it easy to duplicate and then modify an existing pay type.
- Position Notes: notes can be added to positions to record decisions related to salary budgeting
Martus Connector
The Martus Connector allows you to extract data from Martus. This data can be extracted with any tool that consumes API information.
The Martus Connector is an optional module available to customers and includes a Power Query syntax generator.
AI-enabled chatbot
Ask Marty! is now available to all users; this chatbot is trained on the Martus’ knowledge base and help files
Read more at Martus Solutions.
AssetAccountant
Assets
- Split Asset Allocations – An asset can be split across different dimensions.
- New bulk actions – Impairments, Attach leases, Valuations, cost and depreciation adjustments.
- Transactions – Accounts Actions can be performed on any day of the year.
Velixo Excel reporting
New “Freeze/Unfreeze” functionality
The Velixo ribbon allows you to temporarily convert a Velixo-enabled worksheet to a static view of its data. All Velixo formulas are preserved behind the scenes, but they will not recalculate while the worksheet is frozen!
Here are a few scenarios where Velixo has got you covered:
- You may share a workbook with someone who doesn’t have Velixo installed, and they would be able to view the figures and collaborate
- When you travel with slow/absent connectivity and would like to work on your workbook without the formulas constantly refreshing
As soon as you’re done, just “Unfreeze” the workbook/worksheet, and it may be refreshed again!
New Features for Velixo Tools
Enable deep linking feature:
- Construct links using the custom velixo:// protocol and embed them on your Web or ERP pages.
- Velixo Tools allows your computer to process those links and open the specified Microsoft Excel workbook, filtered on the context of the page that you were looking, for example, the current project, task, or customer / vendor.
Writeback processing order
- This allows you to select between 2 modes: “row by row” and “column by column”.
Report distribution:
- Scheduled distribution using the Velixo command line tool (including via the Windows Task Scheduler) will now log the operation progress to the terminal window.
Read more at Velixo
Orchid EFT Processing
- New EFT File list troubleshooting tool to view the entries in an EFT file.
Read more at Orchid Systems