1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Sage Group plc
  6. News
  7. Summary
    SGE   GB00B8C3BL03

SAGE GROUP PLC

(SGE)
  Report
Delayed London Stock Exchange  -  11:35 2022-07-01 am EDT
634.20 GBX   -0.09%
06/30Sage announces new parental leave policy for U.S. colleagues
AQ
06/28Sage 2022 Close the Books Survey reveals key strategies for organizations to attain a faster financial close and unlock greater value
GL
06/27Sage 2022 Close the Books Survey reveals key strategies for organizations to attain a faster financial close and unlock greater value
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Sage delivers deeper Subscription Billing for customers in newest release of Sage Intacct

05/23/2022 | 09:01am EDT
  • Sage Intacct Release 2 supports customers in SaaS businesses with new functionality to manage blended billing models
  • Offers improved warehouse efficiencies and real-time inventory visibility
  • Delivers new enhancements to construction billing

ATLANTA, May 23, 2022 (GLOBE NEWSWIRE) -- Sage (FTSE: SGE), a leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), today announced the availability of Sage Intacct 2022 Release 2. Building on its leading subscription billing solution for SMBs, Sage Intacct Release 2 adds support for evergreen subscriptions.

Evergreen Subscriptions
In today's competitive market, many SaaS and subscription businesses grow by offering a variety of billing models to meet varying customer needs. As businesses grow their blended subscription models, SMBs have long struggled to reconcile customer needs with the challenges this causes the back office.

With Release 2, Sage Intacct supports customers in SaaS businesses to easily bill auto-renewing subscriptions, report, and forecast billing and revenue. Sage Intacct now handles 300+ product-led growth, usage, evergreen, enterprise, and hybrid billing models as part of its solution – making it the only accounting vendor to support hybrid subscription models. This enables customers to:

  • Manage billing and revenues in perpetuity, including all future up-selling and down-selling, cancellations, and recurring billing cycles.
  • Eliminate the need to manually aggregate, integrate, and reconcile subscriptions with third-party solutions.
  • Navigate the complexity of hybrid models, accurately predict consumption, and roll out new pricing models with minimal impact to accounting and revenue operations.
  • Gain a consolidated view of financials, billing, revenue, cash, and SaaS metrics across billing models and cohorts, including historical, current, and forecasts.

Supporting our customers to be successful in their given industry is core to what we do,” said Dan Miller, EVP Sage Intacct Business Unit. “Managing subscription billing manually is complex, the enhancements we have made in this release provides customers with an automated solution to a complicated manual process. This, in turn, helps our customers to focus on what matters – providing great customer service!

Inventory Fulfilment
In addition, the latest version of Sage Intacct offers improved warehouse efficiencies and real-time inventory visibility. Furthering Sage Intacct’s support for product-based companies, Release 2 provides improved warehouse efficiencies and real-time inventory visibility throughout the order fulfilment process.

Customers gain 360-degree insights into the status of orders by providing visibility into where items are in the fulfilment process. With Sage Intacct, users can:

  • Create customizable workflows to stage and fulfil orders with more efficiency.
  • Track order status as items move through the pick, pack, ship, and invoicing stages, without needing to enter new transactions. Unique to Sage Intacct, users simply change the status on the order, and the stage updates automatically in customizable and dynamic dashboards.
  • Gain visibility into the orders that are ready for action on their grid.

Using the new fulfilment workbench, everyone in the organization benefits from real-time visibility of operational data, enabling faster more informed decisions and quicker, more accurate customer responses.

Construction Contracts and Billing
A new streamlined progress billing process with more options for time and materials billing has improved the creation of AIA-style payment applications. New enhancements to construction billing provide more options to create and manage construction contracts and schedules that integrate change requests and change orders. Benefits include:

  • Comprehensive management of a construction contract and a schedule of values.
  • Increased flexibility in managing billing and contracts for general contractors and speciality contractors.
  • Fully integrated cost and revenue change management from the estimate to the contract.

With Release 2, Sage Intacct Construction has more flexibility to meet the complex demands of construction businesses across general and speciality contractors allowing them to access leading accounting functionality on a modern, cloud solution.

Availability
The highlighted solutions and enhancements outlined in this announcement are available in the following regions:

  • Evergreen Subscription Contracts: Generally available, all regions
  • Inventory Fulfilment: Early adopter, United States
  • Construction Contracts and Billing: General availability, United States

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

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 digitizing 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/ or www.sageintacct.com.


Primary Logo

Source: Sage

2022 GlobeNewswire, Inc., source Press Releases

All news about SAGE GROUP PLC
06/30Sage announces new parental leave policy for U.S. colleagues
AQ
06/28Sage 2022 Close the Books Survey reveals key strategies for organizations to attain a f..
GL
06/27Sage 2022 Close the Books Survey reveals key strategies for organizations to attain a f..
AQ
06/27Sage CEO Calls For UK Tax Revamp To Boost Digital Growth Investment
MT
06/22WALL STREET STOCK EXCHANGE : Powell's tall order to reassure investors
06/22ANALYST RECOMMENDATIONS : Johnson & Johnson, NatWest, Home Depot, Kraft Heinz, Vodafone...
06/13SAGE : How to build a sustainable business as an accountant
PU
06/09TruFin Shares Rise as Satago Partners With Sage, Lloyds Bank to Offer Finance Solutions
DJ
06/08Big name strategic partners unveiled at Sage Partner Summit 2022
AQ
06/08CHANNELING THE FUTURE : New Sage study puts upskilled workforce as the number one investme..
AQ
More news
Analyst Recommendations on SAGE GROUP PLC
More recommendations
Financials
Sales 2022 1 927 M 2 318 M 2 318 M
Net income 2022 264 M 318 M 318 M
Net Debt 2022 431 M 519 M 519 M
P/E ratio 2022 25,4x
Yield 2022 2,90%
Capitalization 6 460 M 7 771 M 7 771 M
EV / Sales 2022 3,58x
EV / Sales 2023 3,23x
Nbr of Employees 11 760
Free-Float 92,1%
Chart SAGE GROUP PLC
Duration : Period :
Sage Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAGE GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 634,20 GBX
Average target price 765,68 GBX
Spread / Average Target 20,7%
EPS Revisions
Managers and Directors
Steve Hare Chief Executive Officer & Director
Jonathan Anton George Howell Chief Financial Officer & Executive Director
Andrew James Duff Chairman
Aaron Harris Chief Technology Officer
Lee Perkins Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
SAGE GROUP PLC-25.62%7 771
ORACLE CORPORATION-19.88%188 863
SAP SE-30.58%105 560
SERVICENOW INC.-25.38%97 095
CONSTELLATION SOFTWARE INC.-18.58%31 354
PAYCOM SOFTWARE, INC.-29.87%16 900