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Sage Increases Industry Focus on Healthcare, Nonprofit, and Financial Services Companies with New Sage Intacct Capabilities

June 12, 2018

ATLANTA, June 12, 2018 (GLOBE NEWSWIRE) -- Sage (FTSE:SGE), the market leader in cloud business management solutions, today announced the general availability of new product updates to Sage Intacct, a solution available in Sage Business Cloud. The new features are designed to support business growth in healthcare, nonprofit, and Financial Services, as well as investments in the company’s technology infrastructure to support mid-market and enterprise customers.

With the launch of Sage Intacct 2018 Release 2, Sage Intacct has expanded its offering to address specific challenges and needs for finance executives across a variety of industries and company sizes. “In this rapidly-changing business environment, it is important to continually innovate and provide our customers with solutions that make an immediate business impact,” said Dan Miller, VP of Product for Sage Intacct. “The new release of Sage Intacct 2.0 ensures our fast-growing healthcare customer base is HIPAA compliant. We also have invested heavily in our industry leading multi-entity consolidation and analytics capabilities, while making sure the infrastructure scales to support y our growing number of mid-market customers.”

HIPAA Support in HealthcareOrganizations subject to the Health Insurance Portability and Accountability Act (HIPAA) can use Sage Intacct’s financial solutions and feel confident that the proper tools, security, and agreements are in place to support HIPAA compliance. To that end, Sage Intacct has introduced a new advanced audit trail, has achieved HIPAA and HITECH certification by Sword and Shield, and Sage Intacct will also sign a Business Associate Agreement with eligible healthcare clients. Additional information on Sage Intacct’s functionality for healthcare companies is available at https://www.sageintacct.com/healthcare-accounting-software.

Nonprofit Financial Board BookSage Intacct partnered with GuideStar to release the Nonprofit Financial Board Book, a dashboard that automates the tracking and management of best practices to deliver real-time insights. These insights help nonprofit organizations benchmark their financial health, sustainability, and mission impact. Full features and details on the Sage Intacct Nonprofit Financial Board Book Powered by GuideStar can be found here.

Consolidation Enhancements for Financial Services Companies Sage Intacct has enhanced its industry-leading multi-entity analytical capabilities for financial services companies to support business decisions and measure success using KPIs. Enhancements include a new graphical organization view, with real-time access to financial information and drill down to subledgers in a single view. In addition, the process for setting up new books is now streamlined, making it easier to track performance by multiple accounting standards or across countries.

Scalable Platform for Midmarket GrowthSage Intacct has invested heavily in its cloud financial infrastructure to support fast business growth for mid-sized organizations in various industries. As a result, Sage Intacct now has companies on the system with more than 3,500 users, more than 625 entities, or more than 1.8 million customers. Further showcasing the scalability of the system, top customers run businesses managing more than one million transactions per month, 17 million in-flight revenue recognition schedules, or entities spread across more than 100 countries.

AvailabilitySage Intacct 2018 Release 2 is now generally available from Sage Intacct and its network of channel partners. Sage Intacct is part of Sage Business Cloud, a powerful set of cloud products to manage accounting and financials, operations, people, payroll, and payments.

To learn more about the capabilities of Sage Intacct, attend a Coffee Break Demo.

About SageSage (FTSE:SGE) is the global market leader for technology that helps businesses of all sizes manage everything from money to people – whether they’re a start-up, scale-up, or enterprise. We do this through Sage Business Cloud – the one and only business management solution that customers will ever need, comprising Accounting, Financials, Enterprise Management, People & Payroll, and Payments & Banking.

Our mission is to free business builders from the burden of admin, so they can spend more time doing what they love – and we do that every day for three million customers across 23 countries, through our 13,000 colleagues and a network of accountants and partners. We are committed to doing business the right way and giving back to our communities through Sage Foundation. Find out more at www.sage.com/en-us.

Sage Intacct and the Sage Intacct logo are trademarks or registered trademarks of Sage Intacct, Inc. and/or its affiliates. Other company and product names mentioned herein may be trademarks of their respective owners.

Press Contact:Peter OlsonSage Intacct408-878-0951 polson@intacct.comhttps://www.twitter.com/PeterOlsonPR

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