\u201cMost financial management solutions were initially built for on-premise environments, and later moved onto the cloud,\u201d said Jeff Ryan – Managing Director for AWCape<\/strong>, a leading Sage Platinum business partner in South Africa and FY23 Sage Top Business Partner in the AAMEA region.<\/p>\n\n\n\n \u201cSage Intacct was built fundamentally differently, as it is completely cloud-native with an open architecture and open APIs.\u201d<\/p>\n\n\n\n Sage Intacct\u2019s open design enables businesses to build and expand their systems by picking and using the modules and integrations they need.<\/p>\n\n\n\n This presents incredible value, as it enables businesses to build custom financial ecosystems and scale them as their needs change.<\/p>\n\n\n\n \u201cWhat attracted us to Sage Intacct was the fact that we could upgrade the system as our business grows, so the platform grows with us,\u201d said Tyler Posthumus – CFO of Retail Capital<\/strong>, an AWCape customer and one of the first in SA to implement Sage Intacct in 2021.<\/p>\n\n\n\n At the heart of Sage Intacct\u2019s unrivalled popularity is a steadfast focus on continually adding features that improve the solution\u2019s value to users.<\/p>\n\n\n\n Sage has four major Sage Intacct releases each year – each of which brings a wealth of improved tools and functionality.<\/p>\n\n\n\n Furthermore, while many other providers will implement trendy and gimmicky features that are seldom used, Sage Intacct focuses on using new technology only when it provides the most value to users.<\/p>\n\n\n\n Some of the upgrades in the recent release include:<\/p>\n\n\n\n GL Outlier is an AI-powered tool that detects anomalous data entries and prompts users to confirm whether a mistake has been made.<\/p>\n\n\n\n By identifying the mistakes immediately, businesses save many hours that would otherwise be used resolving errors later on across their financial ecosystem.<\/p>\n\n\n\n Another example of AI being used in Sage Intacct is its Accounts Payable Account Automation tool.<\/p>\n\n\n\n This tool uses Optical Character Recognition (OCR) to convert invoices into editable text before automatically drafting the appropriate financial documents in response.<\/p>\n\n\n\n Without AP Account Automation, businesses must manually generate each financial document – which amounts to thousands of hours of mundane work for employees.<\/p>\n\n\n\n Employees can enter requisitions for items designated as supplies inventory, such as office or programme supplies, or computer equipment. This can be fulfilled immediately; or routed through an approval process. The supplies manager can then fulfil the order by completing one of the following tasks:<\/p>\n\n\n\n Not only does this streamlined ordering process allows the supplies manager to easily process requests, but they can also:<\/p>\n\n\n\n Sage Intacct helps us achieve our goals by automating processes we used to execute manually, and by putting real-time insights about our business at our fingertips,\u201d said Daniel Smith – Financial Director of Life & Brand Portfolio<\/strong>, an AWCape customer.<\/p>\n\n\n\n \u201cThe ease of use and integration with our other business systems means we\u2019ve been able to create custom dashboards and reports without in-depth training. Life & Brand<\/a> <\/strong>Portfolio uses Sage Intacct as a single solution that makes it easy to view and analyse performance at the store and brand level and run consolidated reports for the restaurant group, \u201d Smith adds. <\/p>\n\n\n\nClient-centric innovation<\/strong><\/h3>\n\n\n\n
1. General Ledger Outlier<\/strong><\/h3>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/AWCape-Image-1-1024x323.jpg\")
<\/a><\/figure>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/AWCape-Image-2-1024x507.jpg\")
<\/a><\/figure>\n\n\n\n2. Accounts Payable Automation<\/strong><\/h3>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/AWCape-Image-3-1024x473.png\")
<\/a><\/figure>\n\n\n\n3. Supplies inventory<\/strong><\/h3>\n\n\n\n
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![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/AWCape-Image-4-1024x357.png\")
<\/a><\/figure>\n\n\n\nSage Distribution & Manufacturing Operations<\/strong><\/h3>\n\n\n\n