Cleo said in a press release this week that it will pair its integration-Platform-as-a-Service (iPaaS), Cleo Integration Cloud, with Sage's Intacct tool, a cloud-based financial management solution for corporates. Sage Intacct allows businesses to automate a range of financial processes. Through the Cleo integration, the solution will enhance its "governance, control and orchestration capabilities," building greater efficiencies in the movement of data to the platform.
That data connectivity is a key component of the firms' integration, with Cleo Integration Cloud allowing firms to streamline the flow of data from external systems and interactions, such as with suppliers, customers and partners. That information will combine with Sage's ability to integrate finance and accounting data, the companies explained. Cleo will also support the connectivity of Intacct with other enterprise platforms, including customer relationship management (CRM), fulfillment, Electronic Data Interchange (EDI) and more.
"The result is complete and automated end-to-end processing and visibility into mission-critical cycles — such as order-to-cash, procure-to-pay and load-tender-to-invoice — for improved operational outcomes and business intelligence," the companies said in their announcement.
In a statement, Sage Intacct VP of Sales Chris Rose said the partnership with Cleo enables Sage Intacct customers to "increase their operational and transactional power by easily integrating important financial management processes into their overall business processes. Sage Intacct helps manage all the financial heavy lifting for businesses, while Cleo takes care of the heavy lifting of integration — delivering added value as our joint customers continue to grow."
Cleo CEO Mahesh Rajasekharan said in another statement, "Today's enterprises must have the freedom to choose and deploy cloud-based applications, such as Sage Intacct, that help expand their businesses without worrying how to integrate them into their IT infrastructure. As a certified Sage Intacct Marketplace Partner, Cleo does just that."