Sage Intacct has been introduced into the Australian market. It is the first step in Sage’s plan to take the cloud financial product global with entry into the United Kingdom planned by the end this year, according to a product manager.

“We have a major theme of going global,” Sandi MainIntacct’s director of product marketing said recently. “There are additional countries being evaluated.”  

Sage continues to signal the importance of Intacct to its plans. Two members of the Intacct executive team are on the Sage Group’s executive committee.  Sage Intacct recently expanded its San Jose, Calif., offices from five floors to six floors, bringing the headquarters total to 118,000 sq.vft. Sage began its marketing campaign with eight resellers in Australia with the company looking for more. 

The move was announced as Sage Intacct Release 3 was introduced. In this edition, compliance with ASC 606 is an important factor with onboard performance obligations to satisfy ASC 606 retrospective reporting, along with the ability to manage billable project expenses to meet the standard, included in the release.

The company also bulked up on bank feeds with Intacct supporting connection with more than 10,000 financial institutions, in support of the global expansion. The new scale has a meant introducing “a lot core accounting capabilities, and we extended feeds and payment capabilities,” according to Main.

The cloud software also “more reporting capabilities, performance and scale.” The Intacct budget wizard was also enhanced to reduce the number of clicks needed by users. That system will automatically populate new budgets with budget or actuals. 

Users can also drag and drop to structure new budgets by dimensions. Drag and drop can also be used to set up budget structures by dimension first.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Last modified on Tuesday, 03 September 2019
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