The Sage Group plc Announces the Availability of Sage Intacct 2022 Release 2
May 26, 2022 at 09:00 am EDT
Share
The Sage Group plc announced the availability of Sage Intacct 2022 Release 2. Building on its leading subscription billing solution for SMBs, 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, supporting customers to:
Wi Sagege Intacct, businesses can manage billing and revenues in perpetuity, including all fure up-sellingng 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.
Sage Group plc is one of the world's leading developers of management software intended primarily for small-and-medium businesses. Net sales break down by activity as follows:
- sale of software, licenses and subscriptions (79.3%): accounting management software, human resources software, customer relations, payroll and production software, etc. The group also offers professional, training and payment processing services, and sells hardware and office supplies.
- other (20.7%): primarily maintenance and technical support services.
Net sales are distributed geographically as follows: the United Kingdom and Ireland (21.6%), Europe (26.7%), North America (44.6%) and other (7.1%).