Dive into the exciting new features and enhancements that the Sage Intacct Construction 2024 R1 update brings to the table. Whether you’re a construction professional, a project manager, or a finance executive, there’s something here for everyone. Let’s explore the highlights of this release and how they can benefit your business.
Release Highlights
Seamless Data Integration
Sage Intacct Data Flow: Break down data silos and streamline your workflows with seamless data integration between operational systems and Sage Intacct.
Automation Advancements
AI-powered Project Resource Management: Work smarter with advanced automation in project resource management, learning from past successes and failures.
Industry Insights
Commitment Compliance: Ensure compliance with purchase orders and subcontracts using new commitment compliance rules.
Construction-Specific Enhancements
Commitment Compliance Tab: Manage compliance records directly from primary documents with the new commitment compliance tab. Additionally, track insurance and commitments in compliance.
Project Contract Billing Details Tab: Gain better insight into contract billing with the new project contract billing details tab on Accounts Receivable invoices.
Retainage Release Invoices: Set default templates for retainage release invoices in Accounts Receivable.
AP and AR Aging Reports: Enhanced aging reports now reflect retainage balances accurately.
Improved Calculations: Calculations for additions and deductions have been improved for better accuracy.
Improved Integration with Sage Construction Management
Department and tax code mapping are two of the recent enhancements added in Sage Construction Management. Further improvements to Sage CM have also been added, such as moving Sage CM to Microsoft Azure for enhanced performance.
To learn more about the new mapping features and other enhancements, see the Sage Construction Management release notes.
Additional Updates
Company and Administration
Permission Changes: New permissions were added for various modules including Contracts, Projects, and Time & Expenses.
API Usage Dashboard: Monitor API usage conveniently with the new dashboard feature.
Accounts Payable
Enhanced GL/Dimension Coding: Join the Early Adopter program to try out line-level GL/dimension coding using AI/ML.
Submitters Notification: Users now receive notifications upon bill approval or decline.
Accounts Receivable
Simplify Contact Lists: Easily manage contact lists in Bill to and Ship to fields during data entry.
Cash Management
Bank Transaction Dating: Set time zones for bank feed transactions for accurate dating.
Consolidation
Custom Reports: Create detailed reports with the new custom report feature for Advanced Ownership Consolidation.
Contracts
New Permissions: Separate Cancel and Uncancel permissions offer more control over contract processes.
MEA Price Lists: Import MEA price lists via CSV import templates for streamlined maintenance.
General Ledger
Download Import Templates: Download import templates directly from import pages for convenience.
Time and Expenses
Employee Bank Details Permission: Assign permissions to unmask employee bank details for verification purposes.
Elevate Your Sage Intacct Construction Experience
With the Sage Intacct Construction 2024 R1 release, you can expect improved efficiency, streamlined workflows, and enhanced compliance capabilities. Take advantage of these new features to stay ahead in the competitive construction industry.