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Sage Intacct 2025 R1: The Game-Changer for Finance Teams

by AISage Intacct
  • AI, Sage Intacct

Traditional financial processes, often dependent on manual workflows and fragmented systems, struggle to meet the demands of today’s fast-paced environment. Finance teams in various sectors are under growing pressure to provide more accurate insights, strengthen controls, and close faster, all while handling increasing compliance obligations. For many organisations, financial management remains a challenge due to labor-intensive manual tasks, limited visibility, complex compliance requirements, and scalability issues as operations expand across multiple entities.

Finance departments require solutions that can automate repetitive tasks, deliver real-time insights, and grow with their changing needs. Without these capabilities, businesses risk falling behind the competition, missing key opportunities, and wasting valuable time on low-impact activities.

The Digital Finance Advantage 

For finance teams to succeed in today’s landscape, they require intelligent, automated solutions that integrate effortlessly with their operations. Adopting a modern financial management system like Sage Intacct allows organisations to elevate their finance function from a back-office processor to a strategic business enabler. This transformation unlocks opportunities such as:

• Shortening financial close cycles from weeks to days through intelligent automation

• Achieving real-time visibility into financial performance across multiple entities

• Strengthening decision-making with advanced analytics and reporting tools

• Maintaining compliance with evolving financial regulations

• Scaling financial operations effectively as the business expands

With the right technology in place, finance teams can move beyond manual data entry and reconciliation, shifting their focus to strategic insights and business growth.

Sage Intacct 2025 R1 

The latest release of Sage Intacct brings a powerful set of enhancements aimed at modernising financial operations, increasing automation, and improving reporting capabilities. Sage Intacct 2025 Release 1 (R1) tackles key financial challenges by introducing advanced automation, smarter financial insights, and enhanced scalability.

Key updates in Sage Intacct 2025 R1:

1. Sage Copilot Close Assistant – A centralised dashboard providing real-time oversight of the financial close process across all entities and subledgers. It includes automated alerts for invoices and bills, improved visibility into bank reconciliations, and enhanced financial analytics to streamline month-end close activities.

2. Enhanced Accounts Payable (AP) Automation – Intelligent invoice processing that automatically matches invoices to purchase orders or receipts, reducing manual work and improving accuracy. Approval delegation ensures purchase requests continue smoothly, even in the absence of key approvers.

3. Smarter Financials – Advanced revenue management capabilities now support third-party billing while maintaining compliance with ASC 606 and IFRS 15. Multi-currency fund transfers are automated, removing the need for manual calculations, and improved approval workflows allow bill approvals by vendor with seamless inter-entity reconciliation.

4. Industry-Specific Enhancements – Customised improvements for project-based businesses and non-profits, including streamlined project and grant records, personalised project dashboards for quicker insights, and improved supplier compliance tracking for construction firms.

5. Scalability & Security – Future-proofing updates, including mandatory email authentication from May 2025 to enhance security and mitigate phishing risks. Enhanced list management further personalises and optimises financial processes for greater efficiency.

The Real-World Impact of Sage Intacct 2025 R1

Early adopters of Sage Intacct 2025 R1 are already seeing significant improvements in their financial operations:

• Accelerated Financial Close – Organisations have cut their month-end close cycle by up to 50%, allowing finance teams to spend more time on analysis rather than data reconciliation.

• Improved Decision-Making – Real-time dashboards and enhanced reporting give executives up-to-date financial insights, enabling more informed and strategic decisions.

• Reduced Manual Effort – Automating key AP processes has lowered invoice processing time by an average of 65%, minimising errors and strengthening relationships with suppliers.

• Enhanced Cash Flow Management – Greater visibility into receivables and payables, along with automated reconciliations, is helping businesses manage cash flow and working capital more effectively.

• Stronger Compliance – Advanced revenue recognition capabilities ensure organisations stay aligned with evolving accounting standards while reducing reporting inaccuracies.

These outcomes demonstrate how Sage Intacct 2025 R1 is driving efficiency and innovation in financial management across a wide range of industries.

Key Considerations for Implementation  

While Sage Intacct 2025 R1 delivers powerful new capabilities, a successful implementation requires careful planning. Organisations should take into account:

• Change Management – Comprehensive training and onboarding are essential to ensure teams can fully utilise the new system.

• Data Migration – Accurate mapping and validation of historical financial data are crucial to maintaining reporting accuracy.

• Integration Requirements – Seamless connectivity with other business applications is key to maximising operational efficiency.

• Resource Planning – Managing system implementation alongside ongoing financial operations requires a strategic approach to resource allocation.

Achieving a smooth transition involves not only advanced technology but also expert guidance and support.

Partner with Envisage for Sage Intacct Success  

For organisations seeking to modernise their financial management, Sage Intacct 2025 R1 offers a powerful opportunity. However, maximising its benefits requires the right expertise and support.

As a trusted Sage Intacct partner, Envisage helps businesses get the most out of their financial management system through:

• Expert Guidance – Tailored Sage Intacct solutions designed to fit your specific business needs.

• Ongoing Support – Dedicated assistance to keep your system running at peak efficiency.

• Industry Expertise – In-depth knowledge of financial operations, delivering solutions that enhance efficiency and drive growth.

Don’t let outdated financial systems slow your business down. Get in touch to discover how Sage Intacct can transform your financial operations.

We’ll be showcasing Sage Intacct’s AI capabilities at this year’s ERP HEADtoHEAD™ event in Milton Keynes, where you can see these advancements in action. 

Join us and experience the future of finance, register now and use code ENVISAGE20 for a 20% early booking discount! See link to register: erpheadtohead.com/uk

About the Author

Picture of David Burke

David Burke

David Burke, the Technical Director for Envisage, is responsible for developing bespoke and off-the-shelf solutions, including easyDD for Sage. In 2023, he achieved accreditation as a Sage Intacct Implementation Certified Consultant.

Wooden letter tiles spelling AI on a textured green background, symbolizing artificial intelligence.

Harnessing AI for Finance: How Sage Copilot Transforms Financial Operations

by AIFinanceSage Intacct
  • AI, Finance, Sage Intacct

Many finance teams continue to depend on manual data entry and complex spreadsheets, which can result in inefficiencies, errors, and missed opportunities.

While automation has been a staple in financial processes for some time, AI is now pushing the boundaries of what’s achievable. AI-driven solutions like Sage Copilot provide predictive insights, smart recommendations, and advanced data analysis, enabling finance teams to proactively address challenges. In this blog, we examine how Sage Copilot, seamlessly integrated with Sage Intacct, is transforming financial management.

Sage Copilot: The AI Assistant Redefining Finance 

Introduced in December 2024, Sage Copilot is a sophisticated AI assistant embedded within Sage Intacct, aimed at improving financial operations by reducing inefficiencies and delivering real-time insights. Unlike conventional automation, Sage Copilot actively supports finance teams by detecting trends, highlighting discrepancies, and refining key financial processes. This empowers organisations to transition from reactive financial management to a proactive, data-driven strategy.

With AI-powered features such as automated variance analysis, intuitive search assistance, and streamlined close management, finance teams can achieve higher accuracy, efficiency, and confidence in their operations.

Key AI Capabilities  

Sage Copilot is more than just a tool—it acts as a digital finance partner, enhancing decision-making and reducing risk. Here’s how its key features address critical financial challenges:

1. AI-Powered Search: Quick Answers with Minimal Effort

Finance teams no longer have to manually comb through large datasets. Sage Copilot’s conversational search provides context-aware responses to complex queries in seconds, cutting down search time and boosting efficiency.

2. Real-Time Variance Analysis: Proactive Financial Oversight

Catching financial discrepancies too late can be costly. Sage Copilot continuously monitors financial data, identifying anomalies in real-time so teams can take immediate action, strengthening budget control and financial stability.

3. Intelligent Close Management: Faster, More Accurate Month-End Processes

Month-end closing can be time-consuming and prone to errors. With AI-driven tracking, Sage Copilot streamlines approvals, reconciliations, and reporting, leading to a smoother, faster close with fewer manual touchpoints.

4. AI-Enhanced Accounts Payable: Minimised Errors, Maximised Efficiency

By automating invoice matching and approvals, Sage Copilot reduces manual effort, improves accuracy, and enhances cash flow management—resulting in stronger vendor relationships and greater financial stability.

5. Smarter Revenue Recognition: Simplifying Compliance

With support for over 600 billing scenarios, Sage Copilot automates complex revenue recognition workflows while ensuring compliance with global accounting standards. This is especially beneficial for subscription-based and service-focused businesses.

6. Advanced Financial Forecasting: Data-Driven Decision-Making

Accurate forecasting is essential for strategic planning. Sage Copilot analyses historical data and market trends to improve forecast precision, helping businesses make informed financial decisions and adapt to market changes.

AI – A Strategic Advantage for Finance Leaders

AI isn’t designed to replace finance professionals—it’s here to enhance their capabilities. By handling tedious, repetitive tasks, AI allows finance teams to dedicate more time to high-value initiatives like strategic planning, risk management, and business growth.

With Sage Copilot, finance teams can:

• Minimise time spent on manual tasks and focus on strategic analysis

• Leverage real-time insights for faster, data-driven decision-making

• Mitigate financial risks with proactive anomaly detection

• Achieve greater visibility into business performance trends

• Foster cross-department collaboration with improved financial transparency

The Growing Importance of AI in Finance 

Sage’s AI: The Opportunity for CFOs report reveals that while 86% of finance leaders have adopted AI in some capacity, fewer than half are leveraging AI tools specifically designed for finance. This gap presents a significant opportunity for businesses to implement AI-driven financial solutions like Sage Copilot to gain a competitive edge.

As the financial landscape continues to evolve—amid economic uncertainty, regulatory shifts, and changing business models—agility and smarter decision-making are more critical than ever. AI-powered solutions like Sage Copilot equip finance teams with real-time data analysis, enhanced forecasting, and improved operational flexibility to navigate these challenges effectively.

Integrating AI into financial processes allows businesses to boost efficiency, lower costs, and future-proof their finance functions in an increasingly complex market.

Unlock the Power of AI-Driven Finance with Envisage  

At Envisage, we empower businesses to unlock the full potential of AI-driven financial management. As a trusted Sage Intacct partner, we offer seamless implementation, expert training, and dedicated support to help organisations make more informed financial decisions.

Get in touch for a free consultation and discover how AI can support your financial goals.

We’ll be showcasing Sage Intacct’s AI capabilities at this year’s ERP HEADtoHEAD™ event in Milton Keynes, where you can see these advancements in action. 

Join us and experience the future of finance, register now and use code ENVISAGE20 for a 20% early booking discount! See link to register: erpheadtohead.com/uk

About the Author

Picture of Chris Hawley

Chris Hawley

Chris is the Managing Director at The Noledge Group and brings over 34 years of experience delivering ERP solutions across industries like retail, distribution, manufacturing, and construction. During his 24 years at Sage, he worked with nearly every product and notably transformed Sage 200 as its Product Manager, turning it into a leading solution for SMEs in the UK and Ireland. Chris takes pride in the continued success of Sage 200, supported by Sage Business Partners like Envisage.

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Is Sage 50 Holding You Back? The Value of Upgrading to Sage Intacct

by Sage 50Sage Intacct
  • Sage 50, Sage Intacct

As businesses shift to cloud-based solutions, financial leaders relying on on-premise systems like Sage 50 face a crucial decision: embrace the cloud or risk falling behind. 

In this blog, we’ll explore the challenges that arise as companies outgrow Sage 50 and highlight the benefits of transitioning to a modern cloud platform like Sage Intacct. With AI-driven financial insights, multi-dimensional reporting, and seamless integration, Sage Intacct equips businesses to scale with confidence. We’ll also share practical tips to ensure a smooth and efficient migration.  

The Evolving Financial Landscape 

Business operations have evolved with the rise of remote work, global expansion, and the increasing need for real-time financial insights, leading to higher expectations for financial management systems. Although Sage 50 has long been a reliable tool, it’s becoming more challenging to meet these new demands.

According to industry research, more than 80% of finance teams view cloud migration as a critical element of their digital transformation strategy. This trend emphasizes the growing demand for financial systems that offer accessibility, scalability, and advanced analytics to maintain a competitive edge.

Why Sage 50 Users Are Looking to the Cloud 

Sage 50 has served many businesses faithfully for years. However, as financial operations grow more complex, its limitations become clear: 

• Limited accessibility: Desktop-based systems make remote access difficult, which isn’t ideal for today’s flexible work environments 

• Manual processes: As businesses expand, they often resort to workarounds for tasks that should be automated 

• Restricted reporting: With increasing data volumes, generating timely, cross-functional insights becomes more challenging 

• Integration hurdles: Connecting Sage 50 with other business systems often requires custom development or manual data transfers 

• Scalability issues: As transaction volumes and user numbers grow, performance bottlenecks start to appear 

These aren’t just minor inconveniences – they can slow decision-making, reduce efficiency, and impact a company’s ability to stay competitive. 

The Strategic Shift from Sage 50 to Cloud Solutions 

The benefits of cloud adoption extend far beyond convenience, delivering: 

1. AI-Powered Financial Intelligence

Beyond automating routine tasks, AI identifies patterns, detects anomalies, and delivers predictive analytics that might otherwise go unnoticed. For finance leaders, this means moving from reactive reporting to proactive strategy: 

• More accurate forecasting through pattern recognition and machine learning 

• Early issue detection with AI-driven anomaly alerts 

• Enhanced risk assessment using comprehensive data analysis 

• Personalised financial insights tailored to different stakeholders 

2. Multi-Dimensional Financial Visibility

Traditional reporting can be limiting, but Sage Intacct allows financial leaders to analyse data across multiple dimensions – by department, project, location, customer, vendor, employee, or any custom category relevant to the business. This multi-dimensional visibility enables: 

• Granular performance tracking to understand financial trends 

• Better resource allocation based on real-time insights 

• Clearer profitability analysis to identify key drivers 

• Faster identification of growth opportunities and underperforming segments 

3. A Connected Business Ecosystem

Legacy systems tend to function in isolation, leading to inefficiencies and gaps in visibility. Sage Intacct’s open architecture allows businesses to integrate financial management with other essential applications, resulting in a unified and streamlined workflow. This integration offers:

• Automated data flows to eliminate manual transfers and reduce errors 

• Real-time visibility into operational metrics impacting financial performance 

• Collaborative workflows that connect teams across departments 

• A single source of truth for financial and operational data 

By transitioning to cloud-based financial management, businesses gain the agility, intelligence, and integration needed to stay ahead in an increasingly dynamic market. 

Navigating the Migration Journey 

Transitioning from Sage 50 to Sage Intacct is a big change, but it doesn’t have to be disruptive. A well-planned migration strategy ensures a smooth process and covers key areas like: 

1. Data assessment: Evaluating current data structure and quality before migration 

2. Process mapping: Identifying process improvements possible with enhanced capabilities 

3. Integration planning: Determining connections needed with other business systems 

4. Change management: Preparing the organisation for new workflows and capabilities 

5. Training strategy: Ensuring users can leverage advanced features effectively 

Organisations that approach migration as a transformation opportunity, rather than merely a technical upgrade, position themselves to realise substantially greater value from their investment. 

Choosing Your Path Forward 

Migrating from Sage 50 to a cloud solution like Sage Intacct is not just about staying current with technology trends; it’s a strategic decision for your organization’s financial future.

As more businesses embrace this shift, those who delay may face a strategic disadvantage, including limited visibility, decreased agility, and higher operational costs compared to their cloud-enabled competitors.

At Envisage, we’ve guided businesses through this transformation journey, helping them not just implement new technology, but reimagine what’s possible when finance moves beyond transaction processing to become a catalyst for strategic growth. 

The question facing Sage 50 users isn’t whether cloud migration makes sense, but rather how to approach it most effectively to maximise strategic value while minimising operational disruption. Ready to see how Sage Intacct can support your business? Reach out to us to book a Sage Intacct demo.  

About the Author

Picture of Ivan Darmody

Ivan Darmody

Ivan is a customer-centric self-starter with a passion for technology. With extensive sales experience in various industries, he has focused on problem-solving customers’ requirements and providing the best solutions to streamline their processes while maximising potential utilising both direct and indirect sales channels.

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Redefining Financial Leadership with Sage Intacct and AI-Driven Insights

by AISage Intacct
  • AI, Sage Intacct

In today’s fast-paced business world, Chief Financial Officers (CFOs) are stepping beyond traditional roles to become strategic leaders, shaping the future of their organisations. With the rise of artificial intelligence (AI) and automation, CFOs have access to tools that make it easier to manage complexities, forecast with precision, and drive sustainable growth. Recent data from Sage’s Secrets of Successful CFOs report reveal that 87% of CFOs integrating AI into their operations have seen significant improvements in financial processes, with 88% adopting cloud technologies and 86% leveraging automation for enhanced efficiency. 

One standout solution leading this transformation is Sage Intacct. This AI-powered platform redefines financial management, providing CFOs and finance teams with the tools to modernise processes, improve decision-making, and align financial strategy with broader business goals. 

In this blog, we’ll explore how Sage Intacct’s AI capabilities empower CFOs to overcome modern financial challenges, and lead with confidence. 

The Expanding Role of the CFO

CFOs are at the crossroads of strategy and technology, tasked with driving not only financial accuracy but also innovation and growth.  

Insights from the Sage report indicate that 78% of highly successful finance leaders emphasise the importance of technological advancements for success. Sage Intacct is purpose-built to support this evolution, offering advanced automation, real-time analytics, and tools that enable finance leaders to: 

• Analyse data for actionable insights 

• Forecast trends and anticipate challenges 

• Adapt quickly to dynamic market conditions 

Key Features for Financial Leadership 

Sage Intacct equips financial leaders with the insights and flexibility required to drive growth, enhance collaboration, and align financial strategies with overarching business goals. Below, we delve into its standout features that empower financial leadership.  

1. Advanced Reporting: Sage Intacct provides multidimensional reports and real-time access to financial data. This empowers CFOs to: 

• Identify inefficiencies and opportunities 

• Make informed, data-driven decisions 

• Align financial goals with long-term business strategies 

2. Cloud-Based Scalability: Operate seamlessly in a fast-changing world. Sage Intacct’s cloud platform ensures businesses can: 

• Access financial data anytime, anywhere 

• Scale operations efficiently without sacrificing performance 

3. ERP Integration: Sage Intacct seamlessly connects financial management with other business functions. This fosters collaboration, improves communication, and enables organisations to align efforts toward unified goals. 

According to the Sage report, there was a “30% increase in cross-departmental collaboration over the last five years” among the surveyed leaders, highlighting the value of ERP solutions like Sage Intacct in breaking down organisational silos. 

AI: The Catalyst for Financial Transformation

AI is transforming finance, and Sage Intacct places its benefits at your fingertips. By automating repetitive tasks and providing advanced analytics, CFOs can shift their focus from operational processes to strategic priorities. 

Key AI-Powered Tools in Sage Intacct 

1. AI and Automation:

• Automates data entry, reconciliations, and financial approvals 

• Reduces human error, improves efficiency, and frees up time for strategic work 

2. Predictive Analytics and Forecasting:

• Analyses historical data to project future financial performance 

• Enhances resource allocation and proactive decision-making 

3. Anomaly Detection and Risk Mitigation:

• Identifies data irregularities, ensuring financial accuracy and compliance 

• Assesses risks such as fraud or late payments, helping businesses stay resilient 

4. Personalised Dashboards:

• Tailors reports and insights to individual users, helping leaders focus on key metrics 

The Future of Financial Leadership

Sage Intacct’s AI-powered capabilities are not just about improving financial processes – they’re about empowering CFOs to lead with confidence in a complex, data-driven world. With tools to enhance efficiency, uncover opportunities, and manage risks, finance leaders can navigate today’s challenges while preparing for tomorrow. 

Partner with Envisage 

At Envisage, we recognise that achieving financial excellence is about more than software – it’s about having a trusted partner who understands your needs and can guide you toward success.  

If you’re ready to transform your financial operations and lead your business into the future, we’re here to help. Get in touch with us today. 

Take the Next Step Toward Financial Excellence 

As the role of financial leaders continues to expand, having the right tools and insights becomes essential for driving growth and efficiency. Sage Intacct’s advanced reporting, cloud capabilities, and integrated ERP functions are just a few of the ways it empowers CFOs to achieve success. Discover even more insights and strategies to elevate your financial leadership by downloading Sage’s comprehensive guide, The CFO’s Guide to Driving Growth. 

Download the Guide Here and take your first step toward transforming your organisation with Sage Intacct.

About the Author

Picture of Steve Boyes

Steve Boyes

Steve Boyes, the COO at Envisage, brings over 20 years of experience in accounting and IT to the table. With a robust background in specifying, designing, implementing, and supporting strategic solutions for SMEs, public sector, and not-for-profit organisations, Steve excels in addressing clients' real business problems and requirements rather than just focusing on technology. His approach has led to the successful execution of projects with some of Ireland's best-known companies.

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Why Manual Planning and Budgeting Could Be Holding Your Business Back

by Sage Intacct
  • Sage Intacct

Planning and budgeting are essential for business success but doing them the old-fashioned way – manually can feel like swimming against the tide. If your current process involves battling with endless spreadsheets, chasing down data, and fixing recurring errors, you’re not alone. Many businesses struggle with the inefficiencies of manual budgeting, which can ultimately stall growth and drain valuable resources. 

So, what’s the alternative? A smarter, integrated solution like Sage Intacct Budgeting and Planning could transform your financial management processes, helping you save time, reduce errors, and make decisions with confidence. 

What Manual Budgeting Really Looks Like 

If you’re relying on spreadsheets, the process might look something like this: 

1.  Data Collection: Gathering figures from bank statements, sales reports, and expense logs and manually compiling them into one central file. It’s time-consuming and prone to delays. 

2.  Spreadsheet Creation: Juggling multiple spreadsheets for different departments or cost centres, each with unique formats and formulas. Managing these can quickly spiral into a logistical nightmare. 

3.  Template Building: Designing custom templates for income, expenses, and forecasts takes hours, only to be reworked when requirements change. 

4.  Data Entry: Manually inputting data across multiple files leaves room for inconsistencies and errors. 

5.  Formula Management: Linking formulas across sheets can result in one small mistake throwing off your entire budget. 

6.  Collaboration Woes: Sharing spreadsheets via email often creates version control chaos, with outdated or conflicting information slowing everything down. 

7.  Reporting Hassles: Manually updating charts and graphs for reports eats up hours and rarely offers real-time insights. 

Does this sound familiar? If so, it’s worth considering the cost of sticking to manual methods versus the potential benefits of upgrading. 

Why Manual Processes Don’t Cut It

Here’s why relying on spreadsheets for budgeting can leave your business in the dust: 

• Complexity Overload: The bigger your business, the more overwhelming your spreadsheet system becomes, increasing the risk of errors and inefficiencies. 

• Human Error: A simple typo or broken formula can derail your entire budget, leading to flawed forecasts. 

• Wasted Time: Re-entering data, fixing errors, and updating templates is a drain on resources that could be better spent on strategic planning. 

• Outdated Data: Without real-time updates, decisions are delayed, putting you at a competitive disadvantage. 

The Sage Intacct Advantage 

With the Sage Intacct Budgeting and Planning software, manual headaches become a thing of the past. This cloud-based financial management system is designed to streamline budgeting and planning, empowering businesses to work smarter, not harder. 

Here’s how Sage Intacct can make a difference: 

• Real-Time Insights: Get instant updates and a clear view of your financial health, so you can make decisions with confidence. 

• Error Reduction: Automation minimises manual data entry, significantly cutting down on mistakes. 

• Improved Efficiency: Spend less time on repetitive tasks and more time driving your business forward. 

• Seamless Integration: Consolidate data from multiple sources into a single platform, making reporting and decision-making a breeze. 

• Scalability: Whether you’re managing one location or multiple entities, Sage Intacct grows with your business. 

Partner with Envisage  

At Envisage, we specialise in helping businesses like yours implement Sage Intacct to simplify budgeting and planning. Based in Ireland and the UK, our experienced team is here to guide you every step of the way, ensuring you get the most out of your investment. 

Ready to transform the way you work? Let’s chat. Contact us to learn how Sage Intacct can help your business thrive. 

Catch up on our Sage Intacct Budgeting & Planning webinar

On 13 November, we hosted a webinar on Sage Intacct Budgeting & Planning. The session covered eliminating spreadsheet errors with a cloud-based solution, collaborating across teams for flexible budgeting, and exploring what-if scenarios to guide better decisions.

Watch the recording here: https://bit.ly/3ValE6W

About the Author

Picture of Chris Hawley

Chris Hawley

Chris is the Managing Director at The Noledge Group and brings over 34 years of experience delivering ERP solutions across industries like retail, distribution, manufacturing, and construction. During his 24 years at Sage, he worked with nearly every product and notably transformed Sage 200 as its Product Manager, turning it into a leading solution for SMEs in the UK and Ireland. Chris takes pride in the continued success of Sage 200, supported by Sage Business Partners like Envisage.

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Exploring Sage Intacct R3 2024: Key Features and Benefits for Modern Financial Management

by Sage Intacct
  • Sage Intacct

Sage Intacct R3 2024 represents a major milestone in the evolution of cloud-based financial software, bringing groundbreaking capabilities to businesses navigating financial complexity. This release goes beyond a simple update, it offers a transformative shift, equipping businesses with the technology and design needed to manage their finances more efficiently. 

Whether you’re an SME using outdated systems or a multinational enterprise in need of sophisticated solutions, Sage Intacct R3 2024 offers exceptional innovation and flexibility. Here’s why this update is generating excitement and how it meets the evolving needs of modern financial management. 

Key Features in Sage Intacct R3 2024 

The release introduces several powerful features designed to modernise financial management: 

• Enhanced Inventory Reporting: With new tools like the Running Average Cost Report and backdated transaction tracking, businesses can now identify discrepancies in real-time, making data-driven decisions more accurate. 

• Smarter Cash Management: The updated account reconciliation interface offers instant visibility into unmatched transactions, speeding up workflows and reducing errors. 

• Advanced Budget Management with Sage Intacct Planning (SIP): SIP enables seamless collaboration within a single platform, eliminating the need to switch between systems and allowing teams to focus on strategic financial planning. 

• Optimised Purchasing Insights: R3 2024 links original transaction documents to purchase reports, enhancing traceability and speeding up error resolution, which improves transparency and strengthens supplier relationships. 

• Streamlined Credit and Tax Management: The platform offers greater flexibility in credit allocation and ensures compliance with updated tax regulations, such as reverse charge and partial exemption rules. 

• Improved Email Communication: The integration of Domain Keys Identified Mail (DKIM) and an enhanced email log ensures better security and delivery reliability, ensuring critical financial communications are always received. 

Why This Update Stands Out 

What sets Sage Intacct R3 2024 apart is its emphasis on scalability and usability. The release is clearly designed with the user in mind, addressing common pain points faced by financial teams across industries. From improving inventory accuracy to simplifying payments, each enhancement is a response to the real-world needs of modern businesses. 

Signs It’s Time to Upgrade Your Financial Management System 

Many businesses continue using legacy systems that limit growth and hinder decision-making. The following are key indicators that it’s time to consider a more advanced financial management platform: 

• Complex Financial Operations: Inefficiencies such as disconnected systems, data silos, and frequent errors can slow operations and make it difficult to view the full financial picture. 

• Lagging Reporting Capabilities: Legacy tools often struggle to produce timely, actionable insights, leaving businesses reactive instead of proactive. 

• Compliance Challenges: Systems that lack flexibility and automation often struggle to keep up with evolving regulations, exposing businesses to unnecessary risks. 

If any of these challenges sound familiar, Sage Intacct R3 2024 could be the solution your business needs. 

Partnering with Experts for Maximum Impact  

Envisage has over two decades of experience helping businesses across Ireland and beyond optimise their financial operations using Sage solutions. As trusted Sage Intacct partners, we specialise in tailoring this powerful platform to meet each business’s unique requirements. 

Whether the goal is to enhance reporting, automate workflows, or ensure regulatory compliance, Sage Intacct R3 2024 offers the tools to help businesses thrive. Let us guide your company in unlocking the full potential of this powerful platform. Talk to one of experts today.  

About the Author

Picture of David Burke

David Burke

David Burke, the Technical Director for Envisage, is responsible for developing bespoke and off-the-shelf solutions, including easyDD for Sage. In 2023, he achieved accreditation as a Sage Intacct Implementation Certified Consultant.

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Navigating Financial Complexity with Sage Intacct Core Financials

by AccountingFinanceSage Intacct
  • Accounting, Finance, Sage Intacct

As organisations expand across regions, managing finances through traditional methods can become a significant challenge. Globalisation, the rise of remote work, and the increasing need for real-time data insights are reshaping how financial management is approached. 

This is where Sage Intacct Core Financials comes in – a central accounting software platform that integrates financial data from all other Sage Intacct modules. In this blog, we break down its key components and explore how it can transform your financial management. 

What Are Core Financials? 

Core Financials are the essential accounting functions that form the backbone of any financial management system. With Sage Intacct, these components include: 

• General Ledger (GL): The foundation of your accounting system, providing a comprehensive view of your financial position. 

• Accounts Receivable: Simplifying the process of managing incoming payments and customer invoices. 

• Accounts Payable: Efficiently managing outgoing payments to vendors and suppliers. 

• Cash Management: Monitoring cash flow to ensure your business remains solvent and can meet its obligations. 

• Order Management: Automating the order-to-cash process to enhance customer satisfaction and operational efficiency. 

• Purchasing: Managing procurement processes to optimise spending and supplier relationships. 

By integrating these functions, Sage Intacct helps businesses achieve simplified operations and improved financial visibility. 

Key Benefits of Sage Intacct Core Financials 

Improved project and financial visibility:

With real-time insights into your financial data, you can monitor project performance and make informed decisions quickly. This visibility helps identify potential issues before they escalate, ensuring your projects stay on track. 

Enhanced decision-making:

Sage Intacct’s capabilities provide better-informed, timely decisions. With comprehensive reporting and analytics, you can easily identify trends and opportunities for growth. 

Cloud-powered efficiencies:

Sage Intacct eliminates the operational costs associated with traditional accounting software by utilising a cloud infrastructure. This enables seamless integration with best-of-breed solutions, such as Salesforce, without incurring excessive IT expenses.  

Best-in-class accounting platform:

Sage Intacct has earned the highest product score in Core Financials, according to Gartner, Inc. This recognition reflects its commitment to delivering a flexible and configurable accounting solution tailored to meet diverse business needs. 

Tailored for Growing Businesses 

For organisations operating across multiple locations or entities, managing decentralised payables, inter-company billing, diverse tax regulations, and various currencies can be overwhelming. Sage Intacct simplifies these complexities, allowing businesses to view combined data from different entities or drill down into specific metrics within a single system. This flexibility is crucial for informed decision-making and simplified financial operations. 

Take the Next Step in Financial Management 

Sage Intacct Core Financials provides a comprehensive solution for businesses looking to enhance their accounting processes. With its robust features, cloud capabilities, and strong industry recognition, it stands as the preferred choice for organisations looking to transform their financial management systems. 

Envisage is a Sage Intacct partner in Ireland and the UK, committed to helping businesses leverage this powerful financial management software to achieve greater efficiency and success.  

For more information on Sage Intacct and how it can benefit your organisation, please don’t hesitate to reach out.  

Webinar Series: Deep Dive into Core Financials  

To further educate businesses on how to harness the power of Sage Intacct Core Financials, we are excited to announce the webinar recording on the Sage Intacct Webinar Series. The webinar provides a deep dive into Core Financials, offering valuable insights into how Sage Intacct can transform your financial management. 

You can discover: 

• Automation of Key Financial Processes: Learn how to reduce manual intervention and improve efficiency through automation. 

• Simplification of Multi-Entity Consolidations: Understand how to achieve better accuracy and efficiency in consolidating financial data across entities. 

• Real-Time Insights for Smarter Decision-Making: Discover how to leverage real-time data for informed decision-making, enhancing your strategic initiatives. 

• Streamlined Operations with Data-Driven Strategies: Gain insights into how data-driven approaches can optimise your financial operations and lead to better outcomes. 

• Leveraging AI for Automatic Data Validation: Explore how artificial intelligence can enhance the accuracy of your data and reduce the risk of errors in financial reporting. 

Watch here: https://bit.ly/4dLWYbB  

About the Author

Picture of Ivan Darmody

Ivan Darmody

Ivan is a customer-centric self-starter with a passion for technology. With extensive sales experience in various industries, he has focused on problem-solving customers’ requirements and providing the best solutions to streamline their processes while maximising potential utilising both direct and indirect sales channels.

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The Future of Financial Management: How CFOs Can Embrace Automation and Thrive

by AccountingFinanceSage Intacct
  • Accounting, Finance, Sage Intacct

As businesses across Ireland and the UK embark on their digital transformation journeys, the role of the CFO is evolving in ways we’ve never seen before. Technology, specifically financial management software like Sage Intacct, is revolutionising how finance leaders operate. 

Automation is reshaping business processes, helping CFOs transition from being number-crunchers to strategic advisors. By automating time-consuming tasks, you’re not just saving hours – you’re gaining the bandwidth to focus on high-level decisions that drive growth. Your time is invaluable, and automation is here to help you make the most of it. 

The Power of Automation for CFOs

Imagine having an assistant handling mundane, repetitive tasks while you dedicate your attention to the bigger picture? That’s what automation does for CFOs today. With intelligent systems managing the heavy lifting, you can focus on strategy and insight-driven decision-making. 

Automation is no longer a luxury – it’s a necessity. From financial reporting to data entry and invoice processing, automation enables you to offload manual tasks, ensuring that accuracy and efficiency are baked into every process. 

According to research, automating the financial close could save your business up to 24 working days a year. That’s time you can reinvest into analysing financial performance, forecasting, and more. 

Save Time, Improve Accuracy with Sage Intacct 

Manual processes are inherently prone to errors, and even small mistakes can have a ripple effect, leading to costly consequences. With cloud accounting software like Sage Intacct, you can automate your workflows, ensuring precision and reliability in everything from forecasting to financial consolidation. 

Take invoice processing, for instance. With Sage Intacct, invoices are captured and processed through machine learning algorithms. Based on your historical actions, the system intelligently assigns appropriate dimensions and sets approval stages – without needing manual intervention. This reduces errors, speeds up processing times, and allows your finance team to focus on strategic decision-making. 

But automation isn’t just about speed. With Sage accounting software systems like Sage Intacct, you’re also gaining real-time access to critical financial data. Forget waiting for manual reports – now you can pull up-to-date insights in just a few clicks, giving you the ability to act swiftly and strategically in response to market changes. 

Automation Ensures Compliance and Reduces Risk 

As CFO, you’re tasked with maintaining the financial health of your organisation while ensuring compliance with constantly evolving regulations. Financial management software such as Sage Intacct streamlines compliance processes, reducing the risk of errors and ensuring you remain audit-ready. 

Automation is an incredible asset for CFOs who need to maintain accurate, transparent records while adhering to compliance frameworks. By automating controls and workflows, you’ll be better prepared for audits and able to maintain the trust of key stakeholders. 

Automation and Reporting: The Backbone of Strategic Decision-Making 

CFOs depend on accurate, timely reporting for key decision-making. But when reporting relies on manual data entry and spreadsheet manipulation, errors become almost inevitable, and the process itself becomes a significant drain on time and resources. 

Automating your financial reporting with cloud accounting software takes that burden off your shoulders. Instead of spending hours compiling data from multiple sources, Sage Intacct consolidates information from your accounting software, CRM, and other systems, ensuring your reports are accurate, up-to-date, and easy to produce. 

This level of integration enables you to focus on high-value activities like identifying trends and providing insights that move your organisation forward. 

The benefits don’t stop there. With systems such as Sage Intacct, you can create dynamic, automated budgeting models that update with real-time data. No more spreadsheets; these models adjust automatically, ensuring your forecasts are always accurate and up to date. 

Real-World Applications of Financial Automation 

Beyond reporting, automation can revolutionise every aspect of your finance function. Here are just a few examples of how financial management software can help your business: 

1. Automated Financial Consolidation: Managing multiple entities or complex financial structures? Automation will save you significant time, automatically consolidating data and producing accurate financial statements. 

2. Automated Variance Analysis: Keep an eye on performance by automatically calculating variances between actuals and budgets. You’ll always know where to focus your attention. 

3. Customisable Reporting Templates: Generate professional reports with just a few clicks. These templates are fully customisable to suit your audience, whether it’s internal stakeholders or external investors. 

Beyond Reporting: Automation’s Wider Impact on Business Performance 

Automating your finance processes doesn’t just save time. It boosts the overall performance of your business. By freeing up your team’s time from manual tasks, you empower them to tackle higher-impact projects, from implementing new technologies to expanding into new markets. 

At Envisage, we’ve seen first hand how Sage Intacct helps businesses in Ireland and the UK accelerate and improve productivity. Our customers tell us how automation has allowed them to focus on the bigger picture, knowing their day-to-day processes are running smoothly in the background. 

The Human Impact of Financial Automation 

Automation isn’t just about processes – it’s about people. When your finance team isn’t bogged down with manual tasks, they can concentrate on adding value in other ways, whether that’s analysing financial trends, collaborating with other departments, or developing new skills. 

Your team’s productivity will soar when you introduce Sage Intacct. Automation reduces the chance of burnout from repetitive tasks and long hours, enabling your team to focus on meaningful work. And when people feel fulfilled, they’re more likely to stick around. 

Automation also promotes professional growth. By taking over routine tasks, it allows your employees to learn new tools and technologies, making them more valuable to your organisation. 

AI and the Future of Financial Automation 

Looking ahead, the future of automation in finance lies in AI. Sage Intacct is already at the forefront of this revolution, using AI to process data faster than ever before. This allows finance teams to spot trends, forecast outcomes, and provide insights that can transform business strategies. 

AI isn’t about replacing human intelligence, it’s about enhancing it. When AI-driven insights are combined with human expertise, CFOs can make informed, strategic decisions faster than ever before. 

Final Thoughts: Why Envisage Is Your Ideal Partner

The future of finance is here, and automation is the key to unlocking your full potential as a CFO. But to truly reap the benefits, you need the right tools and the right partner to implement them. 

That’s where Envisage comes in. As a trusted Sage Business Partner, we specialise in Sage Intacct services across Ireland and the UK. Our team of experts will help you tailor Sage Intacct to your unique business needs, ensuring seamless implementation and ongoing support. 

Ready to see how Sage Intacct can transform your finance function? Request a Sage accounting software demo today, and let us help you take control of your financial future. 

About the Author

Picture of Steve Boyes

Steve Boyes

Steve Boyes, the Operations Director at Envisage, brings over 20 years of experience in accounting and IT to the table. With a robust background in specifying, designing, implementing, and supporting strategic solutions for SMEs, public sector, and not-for-profit organisations, Steve excels in addressing clients' real business problems and requirements rather than just focusing on technology. His approach has led to the successful execution of projects with some of Ireland's best-known companies.

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Choosing the Right Sage Software for SMEs: A Guide to Financial Growth

by Sage 200Sage Intacct
  • Sage 200, Sage Intacct

In previous blogs, we examined the differences between Sage Intacct and Sage 200. Now, we want to dive into why it’s so important for small to medium-sized businesses (SMEs) to carefully choose the right software. SMEs make up 99% of businesses in Ireland, serving as the backbone of the economy. Choosing the best accounting software for small businesses in the UK is essential for sustained growth and operational efficiency.  

Sage offers a variety of powerful and customisable tools designed to help businesses manage key areas like finances, operations, and customer relationships more efficiently. Because of this, choosing the right Sage software is crucial for ensuring the ongoing growth and overall success of a business. Essentially, the right software will streamline business processes, making management easier and supporting long-term development. 

For SMEs, choosing the right software has a significant impact on both daily operations and long-term success. By understanding the key features and benefits of various financial management software options, you can make informed decisions to streamline your accounting, improve inventory management, and simplify payroll processes.  

In this blog, we’ll guide you through Sage Intacct and Sage 200, helping you select the solution that best supports your business growth.  

Sage 200: A Scalable, All-in-One Solution

Sage 200 is a versatile, integrated financial management software designed for SMEs needing a straightforward platform to manage finances, sales, operations, supply chain, inventory, ecommerce, and customer relationships.  

Sage 200 accounting software includes business intelligence reporting and analytics tools, allowing you to create customisable reports, analyse data, and gain real-time insights into your business’s performance. With this software, you’ll have the information you need to make informed decisions. 

Sage 200 also connects directly to your bank account, improving visibility and offering total control over your cash flow. It automates repetitive tasks, reducing manual data entry and boosting efficiency across your teams while ensuring accuracy and consistency. 

Another significant advantage is the flexibility to choose your deployment level – cloud, hybrid cloud, or on-premise; based on your business needs. This customisable approach enables your team to collaborate in real-time, whether working in the office or remotely. 

For growing SMEs, Sage 200 is designed to scale with your business. Whether it’s handling increased data volumes, users, or transactions, this software grows with you, making it a reliable solution for efficiently managing operations and supporting your long-term business growth. 

Sage Intacct: Advanced Financial Management for Growing SMEs 

Sage Intacct offers an elevated financial management software solution for growing SMEs. It simplifies finance management, including accounts receivable and payable, while consolidating and globalising your financial processes – it’s critical for day-to-day and long-term growth. 

With Sage Intacct, you’ll have access to robust ledger capabilities that ensure accurate financial tracking. This software gives you the knowledge and control you need to make strategic growth decisions, all while keeping your finances on track. 

Businesses often choose Sage Intacct for its advanced audit trails and security controls, which guarantee data integrity and protection. Every transaction is recorded in detail, and strict access controls ensure your financial data is always secure. With Sage Intacct, you can be confident in maintaining compliance and avoiding data breaches, giving you peace of mind as you manage your finances. 

Whether you’re searching for a new financial management solution or considering a Sage 200 upgrade to Sage Intacct, Sage Intacct offers exceptional scalability with its cloud-based architecture, effortlessly handling multi-entity and multi-currency management. This makes it ideal for growing businesses expanding across multiple locations. With advanced analytics and real-time reporting, Sage Intacct empowers you to make proactive, data-driven decisions based on accurate insights. 

This software also leverages AI and automation to streamline processes, further enhancing decision-making and driving strategic growth. 

Key Differences Between Sage 200 and Sage Intacct 

Both Sage 200 and Sage Intacct are powerful solutions tailored for SMEs, offering critical functionality for businesses at different stages of growth. Sage 200 is perfect for businesses looking for a reliable platform that handles finances, stock management, and operations with ease, featuring built-in reporting tools and scalability. 

Sage Intacct, on the other hand, is a robust cloud-based solution for businesses with more complex, multi-entity structures. It offers real-time reporting, AI-driven insights, and advanced financial management capabilities, making it the ideal solution for SMEs planning for continued growth. 

Discover the Right Sage Solution for Your Business 

Envisage is a trusted Sage software partner, and we understand the unique challenges that SMEs face when managing growth in a competitive and unpredictable market. With extensive experience across industries, we recognise the importance of specialised financial management software tailored to your needs. 

We’ve prepared a helpful document to guide you in choosing the right Sage Software for your business, which you can download it here. If you’d like to discuss how our Sage software solutions can help streamline your operations and drive success, email sales@envisagecloud.co.uk, or fill out our online form to schedule a Sage accounting software demo.  

About the Author

Picture of Chris Hawley

Chris Hawley

Chris is the Managing Director at The Noledge Group and brings over 34 years of experience delivering ERP solutions across industries like retail, distribution, manufacturing, and construction. During his 24 years at Sage, he worked with nearly every product and notably transformed Sage 200 as its Product Manager, turning it into a leading solution for SMEs in the UK and Ireland. Chris takes pride in the continued success of Sage 200, supported by Sage Business Partners like Envisage.

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Unlocking Financial Success with Strategic Planning and Budgeting

by AccountingSage Intacct
  • Accounting, Sage Intacct

As the new financial year approaches, the importance of meticulous planning and budgeting cannot be overstated. In an era where businesses are increasingly reliant on data, technology, and forward-thinking strategies, preparing a strong financial foundation is key to ensuring a successful year ahead. Whether you’re in Ireland or the UK, adopting advanced financial software solutions like Sage Intacct accounting software can significantly enhance your planning efforts, equipping you with the tools to excel in an evolving financial landscape. 

By using Sage Intacct, you gain a competitive edge in financial planning with real-time insights, seamless multi-entity consolidations, and automation of routine tasks. This solution helps CFOs and finance teams respond swiftly to market changes, streamline operations, and make strategic decisions with confidence. At Envisage, we specialise in implementing and optimising Sage Intacct, offering over 20 years of expertise to ensure your financial systems are agile and primed for success. In this blog, we’ll explore how Sage Intacct can improve forecasting and help businesses across Ireland and the UK position themselves for long-term growth. 

The Power of Data-Driven Decisions 

Gone are the days when business decisions were based on gut instinct alone. Today, data-driven insights form the backbone of effective decision-making. Financial leaders must analyse vast amounts of data to steer their businesses toward success, and advanced financial management software is crucial for this role. By leveraging real-time visibility into your finances, you can identify trends, optimise operations, and make more strategic choices. 

For example, a growing company looking to expand into new markets can use advanced reporting tools to assess the financial implications of such an expansion in real time. This helps evaluate costs, project revenue, and ensure compliance across different regions, providing the insights necessary to move forward confidently.

Embracing the Evolving Role of CFOs

In today’s financial landscape, the role of the CFO has expanded beyond overseeing books to driving business strategy, integrating technology, and fostering cross-departmental collaboration. This trend is especially pronounced in Ireland and the UK as businesses face increasing competition and regulatory demands. 

Today’s CFOs need a blend of financial acumen, strategic foresight, and technological proficiency. Sage Intacct supports this expanded role by offering CFOs the tools to streamline financial operations while providing the insights necessary for effective strategic planning. Its cloud-based platform ensures that finance leaders have access to critical data anytime, anywhere, keeping them connected and responsive in today’s fast-paced business environment. 

Technology as a Catalyst for Success 

Technology continues to reshape the finance industry, driving efficiency, accuracy, and innovation. One of the key benefits of Sage Intacct accounting software is its ability to automate routine financial processes, freeing up valuable time for CFOs and finance teams to focus on more strategic initiatives. Automating tasks such as invoice processing, reconciliations, and financial reporting reduces human error while enhancing overall efficiency. This enables finance teams to dedicate more time to growth-focused activities. 

Additionally, Sage Intacct incorporates AI and machine learning tools to help businesses gain predictive insights, enabling better forecasting of trends and proactive decision-making. It also identifies anomalies and flags potential issues early on, giving CFOs the ability to mitigate risks before they escalate. 

Mastering Financial Metrics for Long-Term Success 

Understanding and mastering financial metrics is essential for any business aiming to succeed in today’s competitive marketplace. Metrics such as cash flow, profit margins, and return on investment offer valuable insights into business health. Managing these metrics can be daunting without the right tools. 

Advanced financial management software simplifies the process, allowing businesses to monitor and manage key financial metrics with ease. For instance, real-time financial dashboards enable CFOs to track performance against key metrics and identify areas for improvement. This real-time access ensures businesses can stay agile and adjust strategies as needed to meet their financial goals. 

For companies operating across multiple entities, multi-entity consolidation features are game changers. They simplify the consolidation of financial data across various entities, providing CFOs with a clear and accurate overview of the business’s overall performance, enabling more informed decisions that drive growth. 

Building a Strong Foundation for the Future 

As businesses prepare for the new financial year, focusing on both immediate financial concerns and long-term strategic goals is crucial. Implementing Sage Intacct can help businesses build a solid financial foundation that supports growth, innovation, and sustained success. 

By leveraging advanced financial management software, businesses can enhance their financial reporting, streamline budgeting processes, and gain deeper insights into performance. Whether you’re focused on improving data-driven decision-making, automating workflows, or gaining a competitive edge through technology, Sage Intacct provides the capabilities to achieve your goals. 

With the Sage Intacct Budgeting and Planning software, you can easily collaborate with department heads, present budget options to management, and model various scenarios without the hidden errors of spreadsheets. This software helps you avoid issues such as broken links and version-control problems, enabling you to focus on strategic plans that use business opportunities and mitigate risks. 

At Envisage, we are proud to be a trusted Sage Intacct partner with over 20 years of experience helping businesses implement and optimise Sage financial management systems. Our team of experts understands the challenges faced by CFOs and finance teams in Ireland and the UK and is committed to delivering tailored solutions to meet the unique needs of your organisation. 

Schedule a Sage Intacct demo with us to learn how this advanced financial management software can assist you in planning and advancing your business, with confidence.  

We’ll be exhibiting at this years ERP HEADtoHEAD™ event, where we’ll have a more detailed demonstration on Sage Intacct Business Intelligence & Analytics and Finance solutions.

If you’d like to attend this demo or just come and chat to a member of our team, click below to register.

Don’t forget to use promo code Envisage20 for an early-bird discount.

About the Author

Picture of Chris Hawley

Chris Hawley

Chris is the Managing Director at The Noledge Group and brings over 34 years of experience delivering ERP solutions across industries like retail, distribution, manufacturing, and construction. During his 24 years at Sage, he worked with nearly every product and notably transformed Sage 200 as its Product Manager, turning it into a leading solution for SMEs in the UK and Ireland. Chris takes pride in the continued success of Sage 200, supported by Sage Business Partners like Envisage.