Sage, the market leader in cloud business management solutions, announced 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.
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Sage Intelligent Time uses an AI-powered personal time assistant to enable service professionals to complete their timesheets more quickly and accurately by automatically reconstructing their workday. This also offers the ability to capture billable time more easily from one-off activities, such as email, that are often too time-intensive to track manually.
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By helping to ensure all billable time is captured, Sage Intelligent Time 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.
“Intelligent timesheets can provide a much-needed boost to professional service organizations that are trying to find ways to reduce revenue leakage that is commonly seen with traditional time entry,” said Aaron Harris, CTO, Sage. “We’re using the power of AI and machine learning to make a tedious, manual process more streamlined and accurate. We developed Sage Intelligent Time to enable services-based businesses to quickly capture the critical information needed to manage profitability and close the books on time, while securing revenue often lost due to unlogged, billable activity.”
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