Sage delivers deeper Subscription Billing for customers in newest release of Sage Intacct
Sage (FTSE: SGE), a leader in accounting, financial, HR, and
payroll technology for small and mid-sized businesses (SMBs), today
announced the availability of Sage Intacct 2022 Release 2. Building
on its leading subscription billing solution for SMBs, Sage Intacct
Release 2 adds support for evergreen subscriptions.
Evergreen Subscriptions In today's competitive
market, many SaaS and subscription businesses grow by offering a
variety of billing models to meet varying customer needs. As
businesses grow their blended subscription models, SMBs have long
struggled to reconcile customer needs with the challenges this
causes the back office.
With Release 2, Sage Intacct supports customers in SaaS
businesses to easily bill auto-renewing subscriptions, report, and
forecast billing and revenue. Sage Intacct now handles 300+
product-led growth, usage, evergreen, enterprise, and hybrid
billing models as part of its solution – making it the only
accounting vendor to support hybrid subscription models. This
enables customers to:
- Manage billing and revenues in perpetuity, including all future
up-selling and down-selling, cancellations, and recurring billing
- Eliminate the need to manually aggregate, integrate, and
reconcile subscriptions with third-party solutions.
- Navigate the complexity of hybrid models, accurately predict
consumption, and roll out new pricing models with minimal impact to
accounting and revenue operations.
- Gain a consolidated view of financials, billing, revenue, cash,
and SaaS metrics across billing models and cohorts, including
historical, current, and forecasts.
“Supporting our customers to be successful in
their given industry is core to what we do,” said Dan Miller, EVP
Sage Intacct Business Unit. “Managing subscription billing manually
is complex, the enhancements we have made in this release provides
customers with an automated solution to a complicated manual
process. This, in turn, helps our customers to focus on what
matters – providing great customer service!”
Inventory FulfilmentIn addition, the latest
version of Sage Intacct offers improved warehouse efficiencies and
real-time inventory visibility. Furthering Sage Intacct’s support
for product-based companies, Release 2 provides improved warehouse
efficiencies and real-time inventory visibility throughout the
order fulfilment process.
Customers gain 360-degree insights into the status of orders by
providing visibility into where items are in the fulfilment
process. With Sage Intacct, users can:
- Create customizable workflows to stage and fulfil orders with
- Track order status as items move through the pick, pack, ship,
and invoicing stages, without needing to enter new transactions.
Unique to Sage Intacct, users simply change the status on the
order, and the stage updates automatically in customizable and
- Gain visibility into the orders that are ready for action on
Using the new fulfilment workbench, everyone in the organization
benefits from real-time visibility of operational data, enabling
faster more informed decisions and quicker, more accurate customer
Construction Contracts and BillingA new
streamlined progress billing process with more options for time and
materials billing has improved the creation of AIA-style payment
applications. New enhancements to construction billing provide more
options to create and manage construction contracts and schedules
that integrate change requests and change orders. Benefits
- Comprehensive management of a construction contract and a
schedule of values.
- Increased flexibility in managing billing and contracts for
general contractors and speciality contractors.
- Fully integrated cost and revenue change management from the
estimate to the contract.
With Release 2, Sage Intacct Construction has more flexibility
to meet the complex demands of construction businesses across
general and speciality contractors allowing them to access leading
accounting functionality on a modern, cloud solution.
AvailabilityThe highlighted solutions and
enhancements outlined in this announcement are available in the
- Evergreen Subscription Contracts: Generally
available, all regions
- Inventory Fulfilment: Early adopter, United
- Construction Contracts and Billing: General
availability, United States
About SageSage exists to knock down barriers so
everyone can thrive, starting with the millions of small and
mid-sized businesses served by us, our partners, and accountants.
Customers trust our finance, HR, and payroll software to make work
and money flow. By digitizing business processes and relationships
with customers, suppliers, employees, banks, and governments, our
digital network connects SMBs, removing friction and delivering
insights. Knocking down barriers also means we use our time,
technology, and experience to tackle digital inequality, economic
inequality, and the climate crisis. Learn more at
www.sage.com/en-us/ or www.sageintacct.com.
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