Sage Intacct Release 2 supports customers in SaaS businesses with new functionality to manage blended billing models   

Sage, a leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses, today announced the availability of Sage Intacct 2022 Release 2. Building on its leading subscription billing solution for SMBs Release 2 adds support for evergreen subscriptions.  

Evergreen Subscriptions  

In today's competitive market, many SaaS and subscription businesses grow by offering a variety of billing models to meet varying customer needs.  As businesses grow their blended subscription models, SMBs have long struggled to reconcile customer needs with the challenges this causes the back office.  

With Release 2, Sage Intacct supports customers in SaaS businesses to easily bill auto-renewing subscriptions, report, and forecast billing and revenue. Sage Intacct now handles 300+ product-led growth, usage, evergreen, enterprise, and hybrid billing models as part of its solution, making it the only accounting vendor to support hybrid subscription models, supporting customers to: 

 ·         With Sage Intacct, businesses can manage billing and revenues in perpetuity, including all future up-selling and down-selling, cancellations, and recurring billing cycles. 

·         Eliminate the need to manually aggregate, integrate, and reconcile subscriptions with third-party solutions. 

·         Navigate the complexity of hybrid models, accurately predict consumption, and roll out new pricing models with minimal impact to accounting and revenue operations. 

·         Gain a consolidated view of financials, billing, revenue, cash, and SaaS metrics across billing models and cohorts, including historical, current, and forecasts. 

“Supporting our customers to be successful in their given industry is core to what we do.” said Dan Miller, EVP Sage Intacct Business Unit. “Managing subscription billing manually is complex, the enhancements we have made in this release provides customers with an automation solution to a complicated manual process. This in turn helps our customers to focus on what matters – providing great customer service!” 

Chris Stock, Managing Director, Percipient (Sage UK Partner of the Year 2021) said: “We're hearing from our customers within the SaaS sector that demand is high for flexible billing models. The technology provided in this release will eliminate the need for 3rd party billing solutions as well as the associated data entry and reconciliation – automating once manual processes and providing a consolidated view of financials and SaaS metrics across models at the touch of a button, along with our rapid deployment."