Accounting and ERP solutions provider
Sage Copilot, which was officially rolled out last year, acts as a coordinator between the deep learning-based AI models the company has long relied on for specific individual tasks, allowing for broader automation and insights across the product suite.
The Sage Copilot now sports a Search Help feature that provides conversational answers to finance teams' how-to questions within Sage Intacct. There is also a new Variance Analysis feature that provides users with real-time insights into budget variances, uncovering spending issues and potential inaccuracies throughout the month without having to wait for the close. Users receive notification of these variances with graphs and natural language descriptions of drivers of the variances. Both of these features are available through a phased rollout to existing customers in the U.K. and U.S.
Sage Copilot also has a new Close Assistant that offers an at-a-glance view of month-end close progress. It provides real-time visibility into close status across entities and subledgers, identifies incomplete tasks, and helps with navigation to keep everyone aligned throughout the close process. It is currently available to early adopters in the U.K. and U.S.
The company also announced several non-AI related enhancements.
One, now available in all regions, is AP Automation with Purchasing, which helps finance teams manage all accounts payable and purchasing tasks in one platform. The solution leverages AI and machine learning to enable invoices to be automatically matched to purchase orders. Another, available in the U.S. in March, is Clinical e-Procurement, a tool for large health care organizations. Finally, Revenue Management now allows customers in the U.S., U.K., Australia, New Zealand and Canada to bring their own billing solution when they migrate from another accounting platform to Sage Intacct. With support for more than 600 billing scenarios, Revenue Management can integrate with third-party billing solutions.
"In speaking with customers daily, it's clear that time is their most valuable commodity," said Dan Miller, executive vice president of financials and ERP at Sage. "It isn't just about driving more efficiency, it's about giving them space to focus on moving their business forward and driving growth, and these latest updates are about putting more time in their hands. By helping them to save hours during the month-end while providing faster insight into business performance, they can make confident, data-driven decisions that propel their businesses forward."
The news comes shortly after the
