Find out how Sage Intacct’s latest 2024 Release 4 improves financial management with multi-locale support, enhanced retainage and more!
Finance teams today are tasked with doing more than ever, from ensuring accuracy across complex transactions to keeping up with regulatory demands—all while improving efficiency. Sage Intacct’s 2024 Release 4 is designed to help finance teams meet these demands seamlessly, with new features that cater to diverse business needs across global regions.
This release introduces five key updates available worldwide, each aimed at simplifying critical processes, boosting compliance, and enhancing visibility for finance teams. Below, we’ll look at these standout features, exploring how they’re tailored to empower your team with smarter, streamlined workflows and better control.
Not using Sage Intacct but already like what you see? There's more where that came from. Book a free 15-minute Discovery Call to learn more!
1. Multi-Locale Support for International Finance Teams
Managing finance operations across diverse regions often involves navigating multiple languages, currencies, and reporting standards. Sage Intacct's 2024 Release 4 addresses this complexity by introducing multi-locale support for custom objects and fields, enabling the creation of labels in various languages to meet regional requirements.
This update offers targeted support for Canadian French, Spanish, and region-specific English spellings and terms for Australia, South Africa, and the United Kingdom. By enabling localised labels for custom objects and fields, finance teams gain clearer data accuracy, reducing the risk of misinterpretation across teams and ensuring consistent, region-specific information.
With this multi-locale functionality, Sage Intacct simplifies international operations, giving finance teams the tools to communicate more effectively and uphold compliance standards no matter where they work.
2. Contract Management Made Simple with Enhanced Tracking
Efficient contract management is critical for finance teams, especially those dealing with recurring service agreements. With 2024 Release 4, Sage Intacct adds new fields to the Contract object, including “APPLICATION” and “ADDITIONALCONTACTNAME”, to expand visibility and simplify contract tracking.
An added benefit of this update is the ability to track service periods within contracts more precisely. Start and end dates for service periods can now be set across various contract objects, enabling smoother invoicing workflows and minimising errors. This is a game-changer for finance teams managing recurring contracts, as it allows for an organised, transparent overview of each contract’s lifecycle.
These enhancements make it easier to stay on top of complex agreements, ensuring that billing is accurate, timely, and aligned with your organisation’s commitments to clients.
3. Retainage Enhanced for Streamlined Milestone Tracking
For project-driven finance teams, especially those in construction and similar industries, managing retainage or grands is a critical part of tracking financial health across project phases. Sage Intacct’s 2024 Release 4 introduces enhancements to project and grant retainage, supporting teams in managing withheld amounts with greater precision.
This update aligns retainage management with project milestones, making it easier to coordinate payments, monitor project progress, and ensure accurate financial reporting. By embedding retainage tracking directly into the project workflow, finance teams gain a clearer view of withheld funds, helping them maintain control over project cash flow and ensuring timely, organised releases as each milestone is achieved.
These enhancements support project-based financial transparency, providing finance teams with the tools to better track and manage project funds throughout each phase.
4. Improved Vendor Bank Detail Updates for Security and Precision
Accurate vendor information is essential to secure, smooth transactions. Sage Intacct’s latest release brings new measures to enhance this process by requiring a record number to update specific bank file details for each vendor.
This added step increases security and reduces the risk of errors when managing sensitive bank details. For finance teams, this means greater control and precision, especially when handling high volumes of vendor payments. By standardising how updates are made, Sage Intacct helps organisations maintain compliance and build confidence in their payment processes.
With these improvements, finance teams can ensure their vendor payments are both accurate and secure, strengthening key financial relationships.
5. Streamlined Order Entry for Faster Processing
Efficient order processing is key for finance teams managing high volumes without sacrificing accuracy. Sage Intacct’s 2024 Release 4 includes an update that allows teams to save draft sales transactions even without an assigned document ID—making it easier to manage and prepare orders without delay.
This added flexibility reduces manual input requirements and helps to prevent potential bottlenecks. For finance teams, this means a smoother workflow that makes it easier to keep up with demand, especially in high-transaction environments.
By streamlining the order entry process, Sage Intacct enables finance teams to stay in control, focus on accuracy, and provide reliable, timely service—no matter how fast things are moving.
Conclusion
Sage Intacct’s 2024 Release 4 introduces a range of powerful updates that respond directly to the needs of modern finance teams. These updates give teams the flexibility, control, and precision they need to operate smoothly across regions and keep up with business demands.
Whether it’s improving accuracy in contract tracking, securing vendor payments, or managing project retainage, this release offers practical tools that empower finance teams to focus on what matters most: delivering reliable, efficient support for their organisation’s goals.
To learn more about how Sage Intacct 2024 Release 4 could enhance your finance team’s capabilities, explore the full release notes here.
Not using Sage Intacct and want to enjoy these great updates (and much, much more)? Then, let’s chat! Click the button below to book a Sage Intacct Discovery Call with us.
Book your free Discovery Call here