Northspyre, a real estate development platform designed for real estate project teams to deliver asset management, capital and development projects on time and on budget, announced it has partnered with Sage, a creator of accounting, financial, human resources and payroll technology for small and mid-sized businesses (SMBs) to integrate with Sage Intacct, its accounting and finance cloud solution. The integration improves accounting and financial reporting efficiency for development teams delivering complex commercial real estate projects using the Northspyre platform, the companies said.
Sage Intacct provides comprehensive visibility into the operational and financial aspects of a business, leading to improved automation, increased profitability and enhanced customer satisfaction.
“Now more than ever, developers are prioritizing efficiency when managing projects, particularly when it comes to accounting workflows that, although crucial to project success, can also be extremely time-consuming and prone to human error,” said William Sankey, co-founder and CEO of Northspyre. “This integration with Sage Intacct underscores our team’s commitment to de-risking the commercial real estate development process by enabling project teams to move faster and save hours of time while eliminating inconsistencies and improving the overall quality of their accounting and financial reporting processes.”
Northspyre’s integration with Sage Intacct enables developers to automatically sync and share vital financial data and documentation between the two systems. This automation expedites the payment process, ensuring accounting ledgers are accurate and up-to-date and eliminating the need for manual data entry. With a simple click, approved invoices from Northspyre can be transmitted to Sage Intacct, where the accounting team can quickly make payments and receive status updates automatically within the platform. The integration will also simplify vendor management by importing invoices from all vendors in Northspyre, along with payment status, for faster reconciliation.
“The integration with Northspyre will help development teams to mitigate risks associated with inaccurate or incomplete financial reporting,” said Regina Crowshaw, director, NA ISV sales, strategy and programs at Sage. “It will also improve project visibility, boost productivity, and ultimately help achieve better project outcomes.”
