Sage has unveiled Sage Copilot, a generative AI-powered assistant designed to revolutionise how small and mid-sized businesses manage their accounting, finances, and HR processes.
So what is Sage Copilot?
Sage Copilot will act as a digital team member, streamlining administrative tasks in real time, automating workflows, and providing actionable insights to foster business growth and efficiency. This AI assistant prioritises security with robust encryption and compliance with data protection regulations, ensuring data integrity and privacy.
Sage Copilot's capabilities include forecasting, cash flow management, and automating invoice processing using natural language commands. It helps businesses improve cash flow by offering strategies to accelerate payments and optimise working capital. The tool also enhances task management, communication, data analysis, and integrates seamlessly with other applications like Microsoft Office, creating a more efficient workflow. For accountants, Sage Copilot automates data collection and aggregation, reducing errors and saving time, thus enhancing their advisory role.
And why are we excited about it?
Firstly, Sage Copilot promises to revolutionise the way finance teams work. It has the potential to remove mundane day-to-day tasks and elevate the workload to making more decisions that only humans can make. The technology enables you to imagine a future without manual reconciliation and manually keying in invoices. And, month ends that balance and close automatically.
Sage Copilot is scheduled for release in the UK from late 2024 and to be rolled out to their product suite through 2025. It promises to empower businesses and accountants by embedding trusted AI into the core of their operations, driving significant improvements in productivity and decision-making.
Take a look at the video from Sage’s CEO Steve Hare on SageCopilot.
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