Ready to find out more? Call us at (866) 398-9096 sales@incloud360.com

Intelligent GL: What is it, and how does it affect business finance?

by | Mar 25, 2021

Now that we know AI is transforming financial management, let’s take a deeper look into the specific role it plays. Sage Intacct developed the Intelligent GL to deliver continuous accounting, trust and insights that are powered by AI. 

Traditional GL entries can be time consuming and error-prone, but using automation with Intelligent GL allows for trusted insights and relieves your team from manually inputting data.

Continuous Accounting

Intelligent GL’s continuous accounting reduces the close so that your data is always up-to-date. Intelligent GL also uses AI to accelerate project-based time entry and simplify close processes. Here are some other ways Intelligent GL can improve your accounting:

  • It features open integration so you can connect other applications
  • It continuously consolidates your financials
  • It can download bank and credit card transactions from over 10,000 banks worldwide

Continuous Trust

Intelligent GL ensures continuous trust by making sure data is accurate and compliant. Additionally, outlier detection uses machine learning to detect anomalies in your journal entries, so you can proactively review the material with the highest risks. Some other benefits of continuous trust include:

  • Reviewing thousands of GL transactions with AI outlier detection
  • Defining your own materials and workflows
  • Streamlining your chart of accounts

Continuous Insights

Also, the Intelligent GL’s transactional record system delivers continuous insights. This allows you to see how your business is doing in real-time, while simultaneously giving you an easy-to-read analysis of your performance. Sage Intacct also released its Interactive Visual Explorer which provides data visualizations and eliminates the need for burdensome spreadsheets. Here are a few more ways continuous insights can be applied to you:

  • Insights can be automatically sent to you with scheduled reports
  • They can be shared flexibly and securely with only those who need it
  • You can get instant access to multi-dimensional insights with no lag

Click the image below to see an example of at-a-glance insights on a dashboard.

Make smart, data-driven decisions based on trusted insights from Intelligent GL.

By using automation and AI, Sage Intacct’s Intelligent GL frees your team from manual effort and offers you trusted insights so you can be a strategic leader for your business.

Stay tuned for more blogs about how Sage Intacct is utilizing AI based configurations to improve business processes. For more information about Intelligent GL and how it can benefit you, contact InCloud360 with questions and concerns.