Sage Intacct Release 3 2024: 7 Biggest Updates
23 August 2024 All news

Experience the latest advancements in financial management with Sage Intacct's latest release. R3 2024 brings AI-powered AP Automation, enhanced security features, and more, all tailored to streamline your operations and elevate efficiency.

Staying ahead in financial management means having the right tools that evolve with your business. At Accord Consulting, we understand that efficiency, security, and insight are crucial to your operations. That’s why we’re excited to share the latest developments in Sage Intacct with the latest R3 2024 release!

In this article, we’ll walk you through the key updates, showing how each one can help streamline your processes and drive your business forward.

Sage Intacct Release 3 2024 Highlights

A finance team discussing the latest features of Sage Intacct R3 2024.The R3 2024 release of Sage Intacct is packed with features designed to make your financial management processes smoother and more intuitive. From powerful new tools like Usage Insights to streamlined workflows in user setup, each enhancement is crafted to save you time and reduce complexity.

This section will guide you through the most impactful updates, focusing on how they can directly benefit your day-to-day operations.

  • New Usage Insights

Sage Intacct’s R3 2024 release introduces Usage Insights, a powerful new tool designed to give you a clear view of how your business is utilising the platform. This feature provides real-time data on customer and supplier activity, subscription usage, and user logins, all accessible through an intuitive dashboard.

With these insights, you can make informed decisions that enhance your operational efficiency and strategic planning.

  • Streamlined User-Set Up

The R3 2024 release of Sage Intacct introduces a more efficient way to set up and manage user roles. Configuring permissions is now faster, enabling you to assign access rights with ease and get your team operational in less time.

This update alleviates the administrative load, ensuring that your focus remains on business priorities rather than system setup.

  • Expansion of New List Views

The R3 2024 release of Sage Intacct introduces an expanded set of list views, making it easier to navigate and manage your data. With the option to “Turn on list beta interface,” you can access a more intuitive layout that enhances visibility and usability. This update was driven by user feedback, reflecting a commitment to continuously improving the user experience.

The new list views offer a clearer and more organised display of information, helping you quickly find what you need without the clutter.

  • Easily Void Payments

Voiding payments has never been easier thanks to this latest release, allowing you to void a payment directly from the Posted Payment screen with just one click. This improvement eliminates the need to run additional reports, such as the cheque register, streamlining the process and reducing the time spent on payment adjustments.

The ability to void payments quickly and efficiently enhances your control over financial transactions, ensuring that errors can be corrected without unnecessary steps.

  • Easily Trace Original Source Documents in Order Entry and Purchasing

The R3 2024 release enhances traceability within Order Entry and Purchasing by allowing you to easily trace original source documents. This feature provides detailed entry-level visibility, enabling you to track the progression of documents through your workflows.

With improved traceability, managing and auditing your transactions becomes more straightforward, ensuring that you have a clear view of every step in your financial processes.

  • Enhanced User Security Restrictions on Banks

Security is a top priority in Sage Intacct’s R3 2024 release, with enhanced restrictions on user access to bank accounts. These new controls ensure that users restricted from specific entities cannot view bank information at the top level.

This update provides an added layer of protection, safeguarding sensitive financial data and ensuring that only authorised personnel have access to critical banking details.

  • AP Automation

The introduction of AI-powered AP Automation in Sage Intacct R3 2024 is a game-changer for accounts payable processes. This feature drastically reduces the time required to process payments by automating the creation of AP invoices from uploaded documents. With AI handling the heavy lifting, your team can shift focus from manual data entry to reviewing and approving transactions, enhancing both efficiency and accuracy.

As AP Automation rolls out globally in September 2024, businesses can expect significant time and cost savings, making this feature an essential tool for streamlining financial workflows.

How to Access the Latest Sage Intacct Features

A visual representation highlighting key updates in Sage Intacct R3 2024Accessing the new features in Sage Intacct R3 2024 is straightforward. Many of the updates are already available in your system as of 9 August 2024. However, some features may require a configuration setting to be activated.

To enable these, simply raise a support ticket with Accord Consulting, and our team will assist you in getting everything set up. This ensures that you can start benefiting from these enhancements as quickly as possible, without any unnecessary downtime. Our team is here to help you make the most of these powerful new tools, so don’t hesitate to reach out for support!

Contact Accord Support

Summary

The Sage Intacct R3 2024 release brings a range of enhancements designed to streamline your financial management processes, improve security, and provide deeper insights. Key updates include the introduction of Usage Insights for real-time data tracking, a streamlined user setup process, and expanded list views for better data management.

The release also simplifies voiding payments and enhances the traceability of source documents in Order Entry and Purchasing. Security is bolstered with stricter user access controls on bank accounts, and AI-powered AP Automation is now available globally, significantly reducing the time and cost associated with accounts payable.

Learn more about some of the latest features here.

Are you an organisation that wants to enjoy the above Sage Intacct features and more? Then, book a free discovery call with us today and let’s see how we can tailor Sage Intacct to fit your business like a glove.

Book Your Sage Intacct Discovery Call 

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