Financial automation has become vital for companies to improve efficiency, reduce errors and drive revenue. One of the make-or-break factors in the success of any recurring billing company is the way it selects and implements its billing model.
That’s why Sage recently released two new capabilities that are improving the efficiency of billing and management workflows. The first delivers deeper subscription billing to Sage Intacct and the second is a new module that adds property management functionality to the Sage Intacct cloud financial management system.
New functionalities to benefit all customers
Sage Intacct 2022 Release 2, features evergreen subscriptions to simplify the management of hybrid billing models, saving time, increasing agility, and accelerating visibility. Businesses can manage their billing and revenues in perpetuity, including all future up-selling and down-selling, cancellations and recurring billing cycles.
Release 2 also eliminates the need to manually aggregate, integrate, and reconcile subscriptions with third-party solutions.
Businesses also can accurately predict consumption and roll out new pricing models with minimal impact on accounting and revenue operations. They gain a consolidated view of financials, billing, revenue, cash, and SaaS metrics across billing models and cohorts, including historical, current and forecasts. These functionality improvements help save time and gain instant, 360-degree insight into the status of your orders and improve fulfillment efficiency.
Sage Intacct 2022 Release 2 is the only accounting and hybrid billing solution in one. Businesses don’t need billing point solutions or customization to accommodate hybrid models because Sage Intacct allows the deployment of 300+ billing models. This simplicity saves time, increases agility and provides improved visibility.
For example, the leading health data analytics SaaS solution, Springbuk, had its finance team use Sage Intacct to scale its subscription billing model by 400%, improve gross margin by 8% and reduce churn by 7%.
Industry-specific tools for the real estate industry
There has been a need in the real estate industry for a cloud-based accounting solution with property management functionality. Sage Intacct Real Estate has filled that void by combining the proven native cloud Sage Intacct platform with Timberline’s 50-plus years of experience serving the construction and real estate industries.
This technology, the only native cloud financial management solution purpose-built for construction and real estate, helps property managers navigate the complex demands and nuance of their role by providing a robust, modern solution designed specifically for their needs.
As a cloud solution, it eliminates manual data entry between disconnected systems, saving time and reducing errors. It also offers improved visibility and control of lease agreements and the flexibility to accommodate a growing range of complex terms and sublease agreements.
Sage Intacct Real Estate features a unique data structure that puts the lease document at the center of a property manager’s workflow. This makes it flexible enough to accommodate virtually any lease agreement, including multiple leases per tenant, multiple units per lease and multiple tenants per lease.
It also easily adapts to unique lease clauses and calculations, which is particularly critical in the modern real estate landscape. As many companies look to sublease space, landlords need to track both the original lessee and the current occupant, with the ability to retain occupancy history indefinitely.
Sage Intacct Real Estate provides these options along with automatic reminders of important dates, including renewal options, lease expirations, and more. It transforms lease agreements from static legal documents to dynamic information generators.
From growing startups to established public companies, cloud financial software that meets the accounting team’s various demands and needs provides a competitive advantage in a tight market. By understanding and planning around critical financial and operational metrics, businesses are able to drive increased efficiency, reduce audit time and improve cash flow.
Dan Miller is the EVP of Sage Intacct business, a proven leader in cloud financial management. For more than 25 years, his passion for customers and innovation has enabled him to successfully lead product organizations at Intuit, Intacct and now Sage with his expertise in product strategy, product management, engineering and experience design.
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