Top Features for Nonprofits in Sage Intacct 2021 Release 1

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Available starting February 20, 2021 Sage Intacct 2021 Release 1 may be one of the most exciting releases yet!

In this blog, we’ll share the top new features and updates that most benefit nonprofits, including improvements in:

  1. Accounts Receivable
  2. AI and Machine Learning
  3. Reporting
  4. Consolidation

If you’re looking to take full advantage of Sage Intacct at your nonprofit organization, read on to learn more about the latest and greatest changes included in Sage Intacct 2021 Release 1.

Enhancements to Accounts Receivable

This release includes many enhancements to Accounts Receivable, including updates to the new Receive Payments and Posted Payments screens, adding attachments to payment records, and two new dimensions available for overpayments.

Artificial Intelligence and Machine Learning

AI and Machine Learning is now available to all users through Intacct GL Outlier Detection – a machine learning service that uses your historical transaction patterns to evaluate transactions in the approval cycle, and notifies approvers of transactions that don’t match the regular pattern.

Find out how to enable this feature and learn more on how it works.

Reporting Enhancements

This release includes several financial report enhancements, such as visibility into filter parameters on generated reports and previewing included dates before running a report.

Domestic Consolidations

Lastly, the introduction of Domestic Consolidations as a new subscription allows users to consolidate and streamline high-volume, inter-entity reporting across a single base currency.

To learn about all the features this release has to offer, read the 2021 R1 Release Notes

If you have any questions about the latest release or want to discuss how you can maximize your Sage Intacct investment, reach out to clientsuccess@jmtconsulting.com to get in touch with our team.

Not a Sage Intacct user but interested in why we recommend it for nonprofits? Get in touch with our sales team here.

CATEGORIES: Industry News