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    SGE   GB00B8C3BL03

SAGE GROUP PLC

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Delayed London Stock Exchange  -  11:35 2022-08-12 am EDT
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Big name strategic partners unveiled at Sage Partner Summit 2022

06/08/2022 | 01:01pm EDT

DALLAS, June 08, 2022 (GLOBE NEWSWIRE) -- Sage (FTSE: SGE), the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs) today kicked off Sage Partner Summit 2022 announcing three new strategic partnerships.

During his keynote speech to Sage Partners, channel head Aziz Benmalek, announced partnerships with technology and banking leaders Lloyds Bank plc, Satago, and Automatic Data Processing, Inc. (ADP), a provider of HR and Payroll software and services.

These new partnerships demonstrate both the scale of Sage’s ecosystem, and of the investment in developing new and innovative direct and indirect routes to market.

“What the past two years have taught us is that there is no turning back on digitalization. As part of our digital network, we are uniquely placed to support customers with best-in-class solutions, making it simpler for them to do business,” says Aziz Benmalek, President, Sage North America, and EVP, Global Partner Organization.

“The partnerships we have announced today with Lloyds Bank plc, Satago, and specifically ADP offer our resellers the opportunity to put enterprise-grade solutions into the hands of SMB customers.”

Partnerships explained:

Partnering with Lloyds Bank plc and Satago for simplified access to finance
Soon to be launched, this three-way partnership between Sage, Lloyds Bank plc and Satago will offer fast and flexible access to cash from unpaid invoices, helping small businesses better manage cash flow. Powered by Satago, Sage customers will be able to access instant financing from Lloyds Bank, based on the value of unpaid invoices – regardless of payment terms.

Collaboration with ADP to boost productivity and performance
Following the announcement in November of their collaboration with ADP, Sage today shared availability of Sage Intacct Payroll, and Sage People Payroll both powered by ADP. The solutions streamline the flow of information between Sage products and ADP’s WorkForce Now (WFN) technology, synchronizing employee data and payroll entries, and improving the quality of reporting, with fewer errors.

The annual Sage Partner Summit event, designed exclusively for Sage’s worldwide partner community, is taking place in Dallas, Texas, from June 7-10, 2022.

Editor’s notes:

Solution availability
Solution financed by Lloyds Bank plc – available in the UK from Q4 2022. Sage and Satago will continue to roll out the solution globally, working with local banks in respective countries.

ADP – US Early Adopter availability from June. General availability from the fall, with partner enablement across 2023.

About Sage
Sage exists to knock down barriers so everyone can thrive, starting with the millions of small- and mid-sized businesses served by us, our partners and accountants. Customers trust our finance, HR and payroll software to make work and money flow. By digitising business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology, and experience to tackle digital inequality, economic inequality and the climate crisis. Learn more at www.sage.com/en-us/ and www.sageintacct.com.

About Sage Partner Summit
Sage Partner Summit is the signature annual partner event from Sage. This global event is a pivotal moment in the event calendar for Sage and its partners to connect, driving mutual success with our ecosystem. Sage Partner Summit 2022, is a 4-day, in-person event taking place in Dallas, Texas, from June 7-10. Sage partners are attending to gain insight into Sage's channel strategy and opportunities to build, connect and deliver, together with Sage.

Media contact:
Peter Olson
peter.olson@sage.com
408-878-0951


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Source: Sage

2022 GlobeNewswire, Inc., source Press Releases

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Sales 2022 1 934 M 2 344 M 2 344 M
Net income 2022 270 M 328 M 328 M
Net Debt 2022 476 M 578 M 578 M
P/E ratio 2022 29,1x
Yield 2022 2,50%
Capitalization 7 503 M 9 096 M 9 096 M
EV / Sales 2022 4,13x
EV / Sales 2023 3,77x
Nbr of Employees 11 760
Free-Float 92,1%
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Jonathan Anton George Howell Chief Financial Officer & Executive Director
Andrew James Duff Chairman
Aaron Harris Chief Technology Officer
Lee Perkins Chief Operating Officer
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