During its first user conference since its $850 million acquisition by Sage, Sage Intacct executives placed product innovation at the center of the conversation, while assuring partners and customers that the merger will only spell positive improvements.
During Tuesday’s opening general session at Advantage 2017, being held in Las Vegas from Oct. 16-19, Sage Intacct managing director and executive vice president Rob Reid, formerly CEO of Intacct, said customers will see the company “accelerate solutions as [it moves] into the months and years ahead.”
Sage president Blair Crump said that Intacct was an attractive buy because the online financial software provider occupies a leading spot in the North American market. Indeed, U.K.-based Sage has been trying to gain solid footing on the continent for years. Crump also said that Sage Intacct is the innovation and customer satisfaction leader in midmarket cloud and financial services in North America, and that, along with the company’s commitment to “cloud first,” is a natural match with Sage’s strategy.
“Intacct’s strength with high-growth organizations is complementary to our other solutions,” Crump said. “And we can fast-track product development with access to Sage’s cloud expertise.”
Dan Miller, Sage Intacct's vice president of product, took the stage to tout the company’s offerings over the past year. He noted that in 2017, Sage Intacct debuted 155 new features, five new products, and channeled 4.5 billion transactions, in what he called a 50 percent increase over the previous year.
Miller also described new tools coming in 2018 to more easily capture expectations of future demand. These solutions are promised to enable the Sage Intacct system to look at lead times for vendors, outstanding purchases, and in-process purchases, as well as stock on hand to help distributors know what they need to order and then automate the creation of the purchase documents for each vendor.
"With the additional backing of Sage, the pace of change will only increase as we expand our offering as part of the broader Sage Business Cloud," Miller said.
Separately, in introducing the Sage Foundation to Intacct users, Blair Crump said that the company's charitable arm will match any donations attendees make to the University Medical Center in Las Vegas, which is treating victims of the mass shooting that happened in the conference's host city on Oct 1. The foundation will also match any donations made to Red Cross California, in support of the victims of the Northern California fires.
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