Sage unveils Intacct AI automation upgrades for finance teams
Sage has introduced a series of enhancements to its Sage Intacct platform, aiming to streamline financial operations with expanded automation, intelligence features, and greater transparency around artificial intelligence usage. The new functionalities are targeted at helping finance teams manage increasingly complex requirements with improved accuracy and efficiency.
Automation focus
The latest updates include intelligent close automation capabilities intended to accelerate period-end processes. Components such as Close Workspace, Close Assistant, Subledger Reconciliation Assistant, and Variance Analysis are now available in a unified environment, enabling finance teams to monitor close activities, identify potential issues early, and enhance audit readiness.
According to recent research from Edelman DXI for Sage, 84% of finance leaders surveyed want to close their books more quickly, and 87% are prioritising greater automation across accounts payable and reconciliation workflows.
AI integration
The launch also adds a new Finance Intelligence Agent to Sage Intacct's growing suite of artificial intelligence-powered tools. With this addition, users can directly query the system in natural language using Sage Copilot and receive prompt, actionable answers, reducing the need for manual reporting and analysis.
"This release is about giving finance teams more automation and insight powered by AI. We've embedded AI into the close and announced the Finance Intelligence Agent. We're helping customers anticipate issues and act faster. By orchestrating data and responses from multiple AI Agents within Intacct, finance teams can go from question to answer in seconds - no reports, no manual analysis. These innovations reflect Sage's commitment to building practical, connected AI that delivers measurable outcomes for every finance leader," said Dan Miller, EVP, Financials & ERP Division, Sage.
Sage has indicated that these AI Agents-including distinct modules for closing, accounts payable, time tracking, and assurance-function together to automate repetitive activities, provide in-context insights, and maintain visibility across financial operations.
Transparency measures
To address growing scrutiny over AI in finance, Sage has launched its AI Trust Label within Sage Intacct. The label outlines how artificial intelligence is developed and deployed in the platform, including details regarding data usage, safeguards against bias, compliance measures, and accuracy controls. By making these practices visible, Sage aims to increase user confidence in AI-driven processes within financial management.
Advanced consolidation
Another addition to Sage Intacct is the Equity Method for Advanced Ownership Consolidation, designed for organisations with complex, multi-tiered ownership structures. This capability automates equity accounting for partial ownerships and multi-parent entities and generates required entries during consolidation, offering improved transparency and flexibility for group reporting.
Sector-specific tools
For insurance organisations, Sage Intacct PolicyConnect allows integration between policy administration systems and the general ledger. This new tool is intended to deliver real-time, policy-level financial data and analytics for improved profitability modelling and performance tracking. PolicyConnect is available to customers in the US.
Expense management
Sage has also added Sage Expense Management, previously Fyle, which streamlines expense tracking with automated, AI-enabled receipt management and real-time spend notifications. The system is compatible with existing card programmes and provides immediate visibility into expenses, supporting more effective cost control and reporting.
"Sage continues to raise the bar for what finance teams can achieve with intelligent automation. With innovations like AI-powered Close Automation and Sage's expanding network of AI Agents, customers are gaining faster insights, greater accuracy, and the freedom to focus on high-value work," said Matt Rowley, Partner - Service Line Leader, Wipfli.
Availability
Most of these new features are available to US & UK customers now, with just the Equity Method for Advanced Ownership Consolidation available to Australian, Canadian, and South African today. The Finance Intelligence Agent is set for early access in the US and UK from December.
