Sage, the trusted software provider for small and mid-sized businesses (SMBs) in the construction industry, announces the launch of Sage Intacct Paperless, a cloud-based solution that delivers an easy way to store, retrieve, and route Accounts Payable (AP) documents. The add-on solution integrates with Sage Intacct Construction, the best-in-class native cloud financial management system purpose-built for construction.
The new cloud solution simplifies and automates processes from project start to finish by reducing paper-heavy and manual tasks that drain time and budget. It builds on the success of Sage Paperless Construction, the existing on-premises version of the product that integrates with Sage 100 Contractor, Sage 300 Construction and Real Estate, and Sage Intacct Construction. Together, the two solutions create Sage Paperless for Construction, offering both on-premises and cloud-based versions of the product.
A.M. Ortega Construction, Inc., an underground utility contractor based in San Diego, has increased profits and cash flow while growing faster with less overhead using Sage Paperless Construction.
“Our time and material jobs profits have increased about $3-4 million per year due the process changes made possible with this product,” says Bruce Evenrud, CFO, A.M. Ortega Construction Inc. "We’ve also reduced our billing cycle from 15 - 20 days down to two days. This single process change increased our cash flow by over $4 million per month.”
Efficient AP workflow management is essential in construction. With Sage Intacct Paperless, teams can centralize their vital business content in one secure location and gain control over electronic content.
“Document management plays a critical role in ensuring the success of construction projects by facilitating compliance, risk management, collaboration, communication, efficiency, and accountability throughout the project lifecycle,” says Julie Adams, Senior Vice President of Product, Construction and Real Estate, Sage. “Sage Intacct Paperless helps take the frustration out of document management and saves construction businesses invaluable time and resources, delivering real business results.”
Sage Intacct Paperless product features include:
- Capture: Capture, upload, or import any type of document from any location; collect data, pictures, and forms with easy-to-use mobile solutions.
- Index and store: Define document types and indexes to securely store documents in the cloud. Look up and backfill index values from external databases.
- Retrieve: Easily retrieve documents using any combination of index fields or keyword search. Content is protected by document type and index-level security.
- Document Lifecycle Management: Maintain revision history and audit logs while automating archival and end-of-life purging functions.
- AP Entry and Routing: The APFlow™ module simplifies the entire accounts payable process with features such as one step data entry and automatic three-way document matching. Choose to manually route invoices or build automatic, multi-level routing rules based on GL account, vendor, job, or any other data on the invoice. Invoices can be approved in the office or in the field and automatically post to the Sage Intacct system.
Sage Intacct Paperless, along with all of Sage’s industry-leading solutions, is available now from authorized Sage resellers, the largest and most experienced partner network in the industry.
