Sage Intacct R3 Release 2023

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2023 WithumSmith+Brown, PC
Sage Intacct R3 Release
August 22nd, 2023

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Today’s Presenter
Sumaiya Alam-Stribling
Senior Consultant
salamstribling@withum.com

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Learning Objectives
We will walk you through the latest innovations, providing practical
insights and real-world use cases to maximize the benefits of Intacct.
After the webinar, you will be able to:
• Recognize new release features for your business solution
• Demonstrate the new user experience and navigation to ease
• Manage the latest release of the solution to maximize its potential

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Agenda
 Inventory control
 Payroll
 Purchasing
 Reporting-Advanced
 Sage Advance CRM
 Projects
 Time & Expenses
 Taxes
 User Experience
 Help & Training
 Company & Administration
 Accounts Payable
 Consolidation
 Budgeting & Planning
 Dashboards
 Accounts Receivable
 Cash Management
 Contracts
 General Ledger
Industries
 Construction
 Healthcare
 Nonprofit
 Sage Intacct Real
Estate

Tuesday, February 2, 20XX 5
Company
& Administration

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Data Delivery Service
C O M PA N Y & A D M I N I S T R AT I O N
Control your data rounding precision
by specifying decimal places
D a t a a c c u r a c y

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Document numbering redesign
helps you easily generate unique IDs for different transactions
and records, such as customers, projects, tasks, and more.
M o r e u s e r f r i e n d l y

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Enhanced Email Delivery and Insights – Early Adopter
 Improved email service supports industry-
leading DKIM authentication for secure email
delivery.
 Ensures fast and reliable delivery to recipients.
 Enhanced email insights offer detailed delivery
status visibility per recipient.

Accounts Payable

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Vendor Approval - New Feature
Optimize Vendor Approval feature in Sage Intacct with Audit Trials
A C C O U N T S PAYA B L E
Note:
This idea
came
from you!

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AP Automation
Restricted users have the ability to utilize AP Automation functionality
 Users with entity restrictions can upload bills within the entities where restrictions do not apply
 Users with departmental restrictions and no entity restrictions can upload bills at both top level
or entity level.
 Users with departmental and entity restrictions can upload bills in those entities where they are not
restricted.

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Navigate to Invoice from Bill back bills.
Drill into invoice details directly and view corresponding inter-entity invoice

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Consolidations

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Advance Consolidation
 Enhance accuracy and efficiency in consolidation by
accounting for varying ownership percentages in your
environment.
 Prevent errors, reduce complexity, and streamline the
process with automated consolidation, non-controlling
interest, and eliminations.
 Efficiently streamline workflows, saving time and
mitigating the risk of errors.
 Manage complex ownership structures by period with
reporting books
C O N S O L I D AT I O N S
Partial ownership via tiered consolidation.

Budget & Planning

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Sage Intacct Planning (SIP) Update
B U D G E T & P L A N N I N G
Collaborative cloud solution for preparing and
managing budgets.
Users have the ability to choose one of the
following options:
 Duplicate or save your working budget only
 Select specific versions to include
 Include all version

Dashboards

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SaaS Intelligence Available In More Regions
D A S H B O A R D S
 Growth
 Retention
 Unit Economics
 ARR
 Cash
 Audit
 Product

Accounts Receivable

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Consolidated payments for multiple customers – Early
Adopter
.
A C C O U N T S R E C E I VA B L E
Enjoy the flexibility to apply single payments to invoices from different customers
Options for receiving a payment
 One customer's invoices.
 Parent and child customer invoices.
 Multiple customers' invoices.

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Document Sequencing - Payments
Facilitate streamlined payment tracking through sequential
documentation for Accounts Receivable transactions.

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Apply Payment from Invoice List
.
Ability to apply payment from the Invoice list directly in multi-currency environments

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Cash Management

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Bank Transaction Enhancements – Early Adopter
Optimize payment processing and reconciliation with the Bank Transaction Assistant.
C A S H M A N A G E M E N T
Step 1: Assign customers to bank
transactions
Step 2: Receive payments in bulk

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Centralized Bank transactions Import– Early Adopter
 Experience enhanced transaction management
with centralized importing for all bank accounts in
Sage Intacct.
 Transactions persist post-reconciliation, and a
wider range of file formats is supported, providing
increased flexibility.
 Strengthen control through new permission
settings for transaction importers and gain
valuable insights from a comprehensive import
activity list.

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UK Bank File Update
UK bank files now support EUR currency payments:
.

Contracts

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Sales revenue recognition on the invoiced contract line
C O N T R A C T S
Note:
This idea
came
from you!
Configure Revenue Management: Contract line: Recognize revenue on invoice field

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C O N T R A C T S
Journal balances tab display
Transaction history tab display

General Ledger

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GL Transactions Restrictions Only to Entity Level
.
G E N E R A L L E D G E R
Ability to restriction general ledger transactions
to Entity level only.

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Exclude Adjustments Option
.
G E N E R A L L E D G E R
Ability to restriction general ledger transactions to Entity level only.

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Inventory Control

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Inventory Automation - Enhanced
Kit Assembly Module
Staff utilize mobile devices to capture data
directly at the point of action, enhancing
both efficiency and accuracy.
I N V E N T O R Y C O N T R O L

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Improved prevention of negative inventory.
Enabling the "Turn off negative inventory"
option restricts users from retroactively
entering transactions that would lead to a
negative inventory balance.
I N V E N T O R Y C O N T R O L

Payroll

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Sage Intacct Payroll powered by ADP
PAY R O L L
Voice of the Employee
Timekeeping Kiosk
HR Assist

Purchasing

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Match Tolerances
P U R C H A S I N G
Match tolerances automatically compares the quantities and unit prices that appear on converted
Purchasing transactions.

Reporting-Advanced

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Interactive Custom Report Writer Update
R E P O R T I N G - A D VA N C E D
Modify custom SQL reports with Apply XML available on the ICRW Custom tab
Add a column
Modify text
Rename a column
Reorder views
Delete a column

Sage Intacct Advance
CRM

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Integration updates
S A G E I N TA C C T A D VA N C E C R M
 Reset field mapping defaults
 Intacct Contract kits sync

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8/22/2023 48
Projects

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Project Budget Insights
P R O J E C T S
Project budget details are now visible on the Project summary tab
Note:
This idea
came
from you!

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8/22/2023 50
Time & Expense

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Sage Intelligent Time Enhancements
T I M E & E X P E N S E
 Upload attachment files to timesheets.
 Supervisors have the ability to create and edit timesheets on
behalf of their employees.
 Time entry page is reorganized for clarity and added additional
fields.

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Embedded Experiences of Sage Intelligent
Time – Early Adopter
Contact us, if you are interested in being an Early Adopter
Sage Intelligent Time (SIT) is an AI-powered timesheet solution for tracking time against projects
 Access (SIT) directly from the Time
and Expenses or Projects
applications in Sage Intacct
 Eliminating the need to manage
timesheets in a separate platform.

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Bank File Payments
After expense report is approved, utilize Time and Expenses to pay employee expense reimbursements
Note:
This idea
came
from you!

Construction

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Right Compliance Document for Vendor
C O N S T R U C T I O N
 Included in Construction subscription
 Ensure your vendors provide the required
compliance documents before you pay them
 Helps you track compliance-related documents,
such as proof of liability insurance or business
licenses

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Enhancements in Sage Field Operations
C O N S T R U C T I O N
For the web browser application:
For mobile app :
 Create quotes and service reports.
 Enter a time punch for jobs and miscellaneous
assignments.
 Enter a time punch for a work order while offline
 Reverse an Order Entry invoice by converting it to
an adjustment
 Manage inventory by specifying where parts added
to a work order can be pulled from.
 Automatically creating a new Sage Intacct project
for every work order
 Processing multiple invoices in a batch.
 Link Sage Field Operations employee records
to Sage Intacct employee records.

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Healthcare

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EMR Connect
H E A LT H C A R E
Simplify the transfer of general ledger data from your electronic medical records (EMR) system to Sage
Intacct by integrating EMR Connect.
Benefits
 Save time by scheduling automatic data imports.
 Utilize in-depth Intacct reporting by leveraging financial, clinical, and statistical data to gain a holistic
perspective of your organization's well-being.
 Connect to multiple data sources if your healthcare organization uses more than one EMR.

Nonprofit

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FACTS integration
N O N P R O F I T
Streamline your financial processes by FACTS integrations
Benefits:
 Real-time insight into data to support decision making
 Enhanced stewardship and compliance
 Increased efficiency
 Visibility into data at any time and location

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Improvements in Sage Intacct Mateo
Provides diocesan organizations a solution to support their savings and loans program for parishes and
schools.
S A G E I N TA C C T M AT E O
User can now export all lists, including the following:
 Customer list
 Vendor list
 Statement list
 Savings and loan account lists

Sage Intacct Real Estate

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Sage Intacct Real Estate
R E A L E S TAT E
 Greater visibility into your
business in Sage Intacct Real
Estate
 Faster and easier to use
 More flexibility and control

Taxes

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UK Tax Update
TA X E S
Access net VAT to pay taxes to, or reclaim taxes from, HMRC before running a VAT return.
 Install the VAT100 custom reports
package in Sage Intacct.
 Preview a VAT return without
having to close the books and run
a tax submission

User Experience

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Vendor Enhancements
U S E R E X P E R I E N C E
 View record details next to your list
 Personalize list views, leverage advanced filters, manage
lists and record details side-by-side
 Add, move, freeze, and resize columns
 Utilize advanced filters to narrow down your data
 Colors to help in displaying hierarchy

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Interface label changes
U S E R E X P E R I E N C E

Help & Training

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Sage Intacct Glossary
H E L P & T R A I N I N G
Definitions of words/terms within Sage Intacct ecosystem

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Navigate Sage University
H E L P & T R A I N I N G
Sage University learner home provides you with an intuitive hub to help you navigate and
customize your learning

BE IN A POSITION OF STRENGTH
Withum AMS Program
Onboarding
System Health
Check Assessment
• People, Process,
Technology and
Data
• Onboarding
procedures
• Dedicated
Subject Matter
Expert
Account
Management
Ongoing support to
manage:
• Incidents, service
requests, user access,
security and
monitoring
• Advanced
Configuration,
Integration and
Customization
• 3rd Party Systems
• Dashboards, Reports
and Searches
Financial &
Operational Excellence
Projects for system
evolution, enhancements
with governance
• Continuous Process
Improvement
• New Release
Management
• Advisory Sessions
• Strategic Sessions
• Global Design
Innovation
1 2 3
3-Step Approach

BE IN A POSITION OF STRENGTH
THANK YOU
Questions? Reach out to us!
Sumaiya Alam-Stribling
Senior Consultant
salamstribling@withum.com

Sage Intacct R3 Release 2023

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