2024 is the year of AI in management software. Software houses continue to make advances in this area, such as Sage Copilot, announced in February by Sage, which promises to revolutionize accounting, financial, and human resource management processes in SMEs.
The AI revolution in management software is progressing well, with more and more brands announcing innovations in this field. In February, Sage, of which PONTUAL is a Platinum Partner, announced Sage Copilot, a generative AI productivity assistant that will act as “a trusted team member” and promises to be a valuable aid for SME managers, financial directors, accountants, and HR managers.
Designed for small and medium-sized enterprises, Sage Copilot is a virtual assistant based on generative AI that allows interaction with users through natural language. From these interactions, it is possible to simplify and accelerate tasks in HR, payroll, and accounting, among many others, freeing professionals to focus on more strategic and differentiating tasks and initiatives.
Sage Copilot Features
Automated Workflows
Sage Copilot allows you to save time by automating repetitive tasks, namely data entry for invoices and expenses, report production, employee record management, and payroll-related aspects.
Actionable Insights and Recommendations
Sage Copilot analyzes financial data to generate reports and make relevant recommendations. It also allows for cash flow forecasts, identification of potential risks, and cost-saving opportunities—all crucial aspects for informed decision-making.
Continuous Learning and Customization
As users interact with Sage Copilot, the tool continuously learns their preferences and business processes. This allows for personalized recommendations and the creation of customized automations for specific needs, making it a valuable and adaptable tool.
Benefits of Sage Copilot for SMEs
Small and medium-sized enterprises have much to gain from the new AI solution presented by Sage. Here are some of its benefits:
- Increased productivity: by automating repetitive tasks, Sage Copilot allows employees to focus on higher-value activities that directly contribute to business growth.
- Greater accuracy and efficiency: AI-powered automation minimizes the risk of human error, leading to greater accuracy and efficiency in key business processes.
- Cost savings: Reducing the time spent on administrative tasks allows SME managers to allocate resources to other areas or tasks.
- Improved decision-making: The data-driven insights and recommendations from Sage Copilot enable companies to make informed decisions that lead to better financial health.
Regarding the release date, in a statement, Sage did not provide specific dates for the national market, stating that Sage Copilot “will be available in the UK by the end of 2024 as part of the Sage for Small Business and Sage for Accountants suites”. In the future, the tool will also be integrated into other suites and announced to new markets.
PONTUAL holds the Sage Platinum Partner status—the highest level of partnership with Sage—and has a team of specialized consultants always ready to meet the business needs of all sizes. Contact us to learn more about our Sage software offerings.
