Sage Intacct announces new integration with Collation.AI

Sage, a leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), has announced an integration partnership with Collation.AI—a comprehensive data aggregation and reporting platform offering AI-driven backoffice, portfolio analytics, and client reporting solutions for Wealth Managers.

Marketplace Partnership

Collation.AI is now an approved Sage Intacct Marketplace Partner and integrated with the Sage Intacct cloud financial management system.

"We're very excited to work with the Sage Intacct team," said Tanmai Sharma, CEO and Founder of Collation.AI. "Most of our customers need to prepare financial statements for the investment activities and for this they typically use some of the popular cloud-based accounting system such as Sage Intacct. Sage is great for accounting activities, especially in a multi-entity environment, but investment reporting is not its key strength. So Collation.AI fills in this gap by importing data from Sage Intacct into a data warehouse and running a set of analytics on it."

How It Works

"Our clients continue to use Sage Intacct as their single source of truth and Collation.AI simply bolts on top of Sage Intacct as an overlay whereby they provide customizable, flexible, and powerful investment reporting such as TWR, MWR, IRR, Volatility, Sharpe Ratios, VaR, PME, DPI, TVPI, and more," said Cameron Curles, Partner Account Manager at Sage Intacct, Inc.

Collation.AI's main objective is to get a copy of the mutual clients' data into the data warehouse and keep it in sync, but in some cases Collation.AI may need to push journal entries into Sage Intacct as well.

Customer Use Cases

• Enriched Reporting: Mutual customer wanted a report with enriched data beyond what was available in Sage Intacct. Collation.AI pulled the Sage Intacct information via APIs, enriched the data, and arranged the output in a report format as per client specifications.
• Migration Support: Mutual customer is in the process of moving from SEI Archway to Sage Intacct. Collation.AI is helping the migration team with data extracts and reconciliations using APIs.
• Automated Reconciliation: Mutual customer was manually reconciling closing balances in Sage Intacct with bank statements from Goldman Sachs. Collation.AI automated that process using APIs.

Those interested in information about Collation.AI's Sage Intacct partnership program may contact us through the Sage Intacct Marketplace.