Traditionally, paying an invoice requires the customer to reach out and receive an invoice, followed by the time-consuming task of filling out a payment form. With Sage Intacct integration, the process is simplified.
Integrated payments allow collections teams to apply a single payment to multiple invoices. This simplifies the collections process and makes cash flow more flexible for companies.
Invoices
Streamline payments and accounting with Sage Intacct Integrations. Traditional payment and invoicing workflows can lead to high transaction costs, errors, and inefficiencies. The Sage Intacct partnership enables best practices that reduce these inefficiencies to optimize business performance. Seamlessly sync projects, employees, and financials for a complete view of your company’s operations.
Use two-way sync to compare purchase orders with invoices to easily track payments and make accurate charges. Automation software can automatically convert AP bills, POs, and GRNs to invoices. This helps streamline AP workflows and ensures invoices are paid on time for timely supply chain management.
Invoice coding syncs with the Sage Intacct general ledger and the bill and payment results are posted to Sage Intacct Vendor & Billing management. The integration lets you connect your invoices to Sage Intacct payments through our API or web portal. Ensure that you have the following parameters ready before attempting to connect your data:
Payments
Traditionally, businesses accept payment from customers by using separate systems or programs. When a customer pays their invoice, the merchant manually transfers those payments into their accounting system. This process can be clunky and prone to errors. An integrated payment application streamlines the process, eliminating many inconvenient steps.
Sage Intacct’s native payments module allows companies to use a single, simple process for accepting credit cards and other types of payments. This eliminates the need for multiple programs and updates AR and GL in near real-time. The result is less busy work for the finance team and a more straightforward customer payment experience.
The integrated payments solution also adds line-item details to every transaction, reducing the chance that a fraudulent card charge will be made. This can reduce credit card processing fees by as much as 3%, significantly impacting a company’s bottom line. Many ERP systems claim to be a “true cloud” solution, but few match Sage Intacct’s robust accounting functionality, architecture flexibility, integration compatibility, and transparent pricing structure.
Those systems usually offer a streamlined implementation process. Still, they need to be more customizable to meet the needs of various industries like transportation services, e-commerce, ad tech, aging and LTC facilities, and nonprofit advocacy organizations.
Expenses
Expenses are essential to your accounting process and must be managed efficiently. With Sage Intacct Integrations, you can use built-in AP automation tools to streamline processes and eliminate manual data entry. In addition, you can add third-party add-ons and marketplace partners to enhance your AP management solutions with advanced features like invoice payment automation and global payments software.
Streamline your account payable (AP) workflow by automating the invoice-to-payment cycle. With the best Sage Intacct add-on for AP, you can onboard suppliers through a self-service supplier portal, collect W-9 or W-8 tax forms, receive global payment method choice and information from your suppliers, and communicate payment status automatically.
You can also reduce your reliance on spreadsheets and increase accuracy with AI-enabled invoice coding and duplicate invoice detection. With a two-way sync, Sage Intacct matches payments to their matching invoices so you can account reconcile faster and have transparent remittance information for each transaction.
When a purchase requisition has managerial approval, it can be converted into a purchase invoice with one click, transferring all relevant data. When expense reports are imported from Procore into Sage Intacct, the synchronization can be customized to include core dimensions like Departments and Projects and User Defined Dimensions for a more personalized experience. This gives employees the freedom to report expenses in the best way for them, and it reduces time spent on manual processes.
Reporting
Sage Intacct’s reporting features help you take control of your business operations. Simplify your chart of accounts, track unique business drivers, and boost visibility with real-time financial reports and charts. As your business grows, you can use modules to expand Sage Intacct’s capabilities. Sage Acct is easy to use and has a flexible, user-friendly interface that helps reduce the amount of manual data entry required by many accounting software solutions.
This makes it easier to eliminate siloed spreadsheets and reduce reliance on costly human error. Whether working on a single report or a complete set of reports, Sage Intacct provides her with best-in-class multidimensional visibility that allows her to quickly drill from balances to transactional details to verify journal entries and resolve reconciliation issues.
Conclusion
This helps her slash time spent reviewing inaccurate data and instead focus on her company’s strategic challenges. She can automate her report generation by defining a “report group,” which is a collection of reports to run on a scheduled basis. Once the report group is generated, it can be shared with recipients through various channels, including email and cloud storage platforms.
