Our product spotlight this month is on Sage Intelligent Time. In late September, Sage Intacct introduced the first artificial intelligence (AI) powered application built directly into the Sage Intacct cloud financial management system. Sage Intelligent Time, available online or via a mobile app, provides continuous, timely, and more accurate insights to better manage billable time in services-based businesses.
With Sage Intelligent Time, users are provided with a virtual Time Assistant that suggests time entries based on a person’s activity. The Time Assistant gathers calendar items, emails, desktop applications, collaboration tools like Slack, and makes those activities available for drag and drop on to the timesheet for unprecedented speed and accuracy in time entry. This type of machine learning helps simplify the process even further as it learns what project, task, and client the activity typically belongs to and refines the time entry suggestion. That means your time entry gets faster and more accurate every time you use it.
By helping to ensure all billable time is captured, this reduces revenue leakage from either not billing, or under-billing, customers – enabling firms to improve project profitability and increase revenues. For example, by properly accounting for billable work and recovering just one hour of lost billable time per week, based on a $200/hour billing rate, a firm could generate up to $10,000 in additional revenue annually – per billable employee.