Tech news: Sage touts features for close automation, intelligence, compliance, expenses

Accounting ERP provider Sage announced new features for Sage Intacct that includes close automation, finance intelligence, compliance and expense management. Close Automation, currently available for U.S. and U.K. customers, brings together a suite of intelligent close capabilities — Close Workspace, Close Assistant, Subledger Reconciliation Assistant, and Variance Analysis — in one connected, Sage Copilot-guided experience that provides visibility across teams, tasks, and entities. The Finance Intelligence Agent, available for early access in December for U.S. and U.K. customers, delivers autonomous insights alongside existing Close, Accounts Payable, Time, and Assurance Agents. Sage also highlighted the new Equity Method for Advanced Ownership Consolidation, now available to customers in the U.S., the U.K., Australia, Canada, and South Africa, which automates equity accounting for complex, multilevel ownership structures, including partial ownership and multiparent rollups. Meanwhile, the new Sage Intacct PolicyConnect integrates policy administration systems with the general ledger, giving insurance organizations a unified view of operational and financial data. Finally, Sage Expense Management, formerly Fyle (which had been acquired in July), automates expense workflows with real-time spend notifications and AI-powered receipt capture and matching. It is now available to Sage Intacct customers in the U.S.. Sage also announced the rollout of its AI trust label.