The Sage Group plc, commonly known as Sage, is a British multinational enterprise software. Software for his printing company, Campbell Graphics, Graham used the same accounting software to produce the first version of Sage Accounts.
The following comparison of accounting software documents the various features and differences between different professional accounting software and personal finance packages. The comparison only focus considering financial and external accounting functions. No comparison is made for internal/management accounting, cost accounting, budgeting, or integrated MAS accounting.
Free and open source software[edit]
Package | License | Windows | Mac OS | Linux | Market focus | GL | AR/AP | DEB | $£€¥ | OB | POS | EC | PR | ERP | CRM | BI | HRM | Manf. /BOM | SCM | IM-- | RM | D/WM | MU | Multi Co | Tax | Other Features | Structure | Language | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Adempiere | GPL | Yes | Yes | Yes | Mid-market | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | SaaS, Project Management, CRM. | Web-based and Client-server. | Java on JBoss, GlassFish, PostgreSQL, Oracle. | ||||
Apache OFBiz | Apache License | Yes | Yes | Yes | Small to mid-sized enterprises | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | SaaS, Calendar, Webmail | Multi-User, Web Access, Cloud Hostable | Java | ||||
Compiere | GPL2, other proprietary | Yes | Yes | Yes | Mid-market | Yes | Yes | Yes | Yes | Yes | MES | Web-based | Java EE | ||||||||||||||||
Dolibarr | GPL | Yes | Yes | Yes | Low to mid-market | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | SaaS | Web-based | PHP | |||||||||
GnuCash | GPL | Yes | Yes | Yes | Personal and small enterprise | Yes | Yes | Yes | Yes | Yes | Yes | ltd | Stand-alone | C, Scheme | |||||||||||||||
GNU Enterprise | GPL | Yes | Yes | Yes | Mid to high end market | Yes | Yes | Yes | Yes | Yes | Yes | Web-based + stand-alone | Python | ||||||||||||||||
iDempiere | GPL2 | Yes | Yes | Yes | Mid-market | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | SaaS, Calendar, Project Management | Web-based and Client-server | Java on Jetty, OSGi, PostgreSQL, Oracle | ||||
JFire | GPL | Yes | No | Yes | All markets | Yes | Yes | Yes | Yes | Yes | Web-based, Stand-alone | Java | |||||||||||||||||
LedgerSMB | GPL | Yes | Yes | Yes | Mid-market | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | SaaS, Light Manufacturing, Multi-language (40), | Web-based | Perl | |||||
Ledger (CLI) | BSD | Yes | Yes | Yes | Personal and small enterprise | Yes | Yes | Yes | Yes | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | Can be used with git | Plain text file-based | C++ |
metasfresh | GPL2 | Yes | Yes | Yes | Mid-market | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | SaaS, On-Premise | Web-based, Client-server | Java on Tomcat, PostgreSQL | ||||
Odoo (CE) | LGPL3 | Yes | Yes | Yes | All markets | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | SaaS, On-Premise | Web-based | Python | |||||
Openbravo | MPL derivative with badgeware clause | Yes | Yes | Yes | Mid-market | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Project Management, Multi-language, Localized by country | Web-based, on-premises, Saas, On Demand | Java | |||||
Postbooks | CPAL | Yes | Yes | Yes | Low to mid-market | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Professional Services | Client-server | C++, Qt | |||||||||
SQL-Ledger | GPL | Yes | Yes | Yes | Mid-market | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Web-based | Perl | ||||||||||||
Tryton | GPL | Yes | Yes | Yes | Low to mid-market | Yes | Yes | Yes | Yes | Yes[1] | Yes[2] | Yes | Yes | Yes[3] | Yes | Yes | Yes | Yes[4] | Yes[5] | Yes | Thin client & Web-based client - Server | Python |
Proprietary software[edit]
Package | License | Windows | OS X | Linux | Market focus | Type | Structure |
---|---|---|---|---|---|---|---|
24SevenOffice | Software as a Service | Yes | Yes | Yes | Low to mid-market | ERP, CRM, email, collaboration, Project management, Integrated VoIP | Web-based |
Acumatica | Proprietary and Software as a service | Yes | Yes | Yes | Mid-market | ERP, CRM, E-Mail, Project Management, Integration, Notification, Employee | Web-based |
AME Accounting Software | Proprietary | Yes | No | No | Low to mid-market | Payroll, general ledger, accounts receivable, accounts payable, Double-entry bookkeeping system, Small Business Accounting | Stand-alone |
Aplos Software | Proprietary | Yes | Yes | Yes | Low to mid-market nonprofit and faith-based organizations | Fund Accounting, general ledger, accounts receivable, accounts payable, Double-entry bookkeeping system, nonprofit organization accounting, online fundraising | Web-based |
Baan Corporation | Proprietary | Yes | Yes | Yes | Mid to Low-market | ERP | Stand-alone and web-based |
CGram Enterprise | Proprietary | Yes | Yes | Yes | Low to mid-market | Financials; ERP; CRM;Manufacturing; Multicompany; Multicurrency; Payroll; Inventory control; accounts receivable; accounts payable; general ledger | Stand-alone |
Cheqbook | Software as a Service | Yes | Yes | Yes | Low to mid-market | Double-entry bookkeeping system, accounts receivable, accounts payable, Small Business Accounting, Reporting, Business Intelligence, general ledger, Bank Reconciliation, Automatic bank feeds, Journal entries, Check printing, Online payment processing | Web-based |
CODA | Proprietary | Yes | No | Yes | Mid-market | GL; AP; AR; Analytics; Integration; etc. | Stand-alone/Web Access |
Comarch Altum | Proprietary | Yes | No | No | Low to mid-market | ERP; GL; Bookkeeping, Multi-Currency, Multi-Language, Double-entry bookkeeping system, AP; AR; Analytics; Integration; CRM; BI; e-commerce; Workflow; Retail; POS | Stand-alone / Web access |
Express Accounts from NCH Software | Proprietary | Yes | Yes | No | Low to mid-market | Business Accounting and Invoicing | Stand-alone/Web access |
FinancialForce.com | Software as a Service | Yes | Yes | Yes | Mid-market to enterprise | ERP, ordering & billing, accounts receivable, accounts payable, cash management, general ledger, reporting & dashboarding, multi-currency, multi-company, global tax, analytics | Web-based |
FlexAccount | Proprietary | Yes | No | No | Mid- to high-end market | ERP, Manufacturing, Intercompany, Multicurrency, Budgeting, Reporting, Analysis | Stand-alone and Web-based |
FreeAgent | Software as a Service | Yes | Yes | Yes | Freelancers and Microbusiness | Double-entry bookkeeping system, small business accounting, time tracking, project management, invoicing, expense management, bank feeds, payroll, stock, HMRC tax filing | Web-based |
FreshBooks | Software as a Service | Yes | Yes | Yes | Small Businesses (Small Businesses) | Cloud accounting specialist for small business owners. | Web-based |
Gem Accounts | Software as a Service | Yes | Yes | Yes | Low to mid-market | General ledger, chart of accounts, accounts receivable, accounts payable, double-entry bookkeeping system, small business accounting, mid-market enterprise accounting, multi-currency, multi-language, multi-user, business reporting, management reporting, inventory control, service/project tracking & billing, payroll, open data and backup exports. | Web-based |
inDinero | Software as a Service | Yes | Yes | Yes | Small businesses, Startup company | Small business accounting, invoices, bookkeeping, tax return preparation, invoices, bank integration, collaboration | Web-based |
invoiceit | Proprietary | Yes | No | No | Low to mid-market | Small business accounting, single entry, accounts receivable, accounts payable, contact management system, inventory management, purchasing, quotations, invoices, scheduler, marketing | Stand-alone |
Microsoft Dynamics AX | Proprietary | Yes | No | No | Midsize to high-end enterprises | ERP, CRM, intercompany, multicurrency, manufacturing, SCM, e-commerce, business intelligence | Multi-User/Location, Terminal Server |
Microsoft Dynamics C5 | Proprietary | Yes | No | No | Small Business | Multicurrency, Fixed Assets, Double-entry bookkeeping system, General Ledger, Accounts Receivable, Accounts Payable, Reporting & Analysis Services | Multi-User, Remote Access, Web Access, Mobile Access, Cloud Hostable |
Microsoft Dynamics GP | Proprietary | Yes | No | No | Small & mid-size enterprises (SME) | ERP, SCM, manufacturing, Cost Accounting, Double-entry bookkeeping system, project accounting, Payroll, general ledger, Analytic, accounts receivable, accounts payable | Multi-User/Location, Terminal Server, Remote Access, Web Access, Mobile Access, Cloud Hostable |
Microsoft Dynamics NAV | Proprietary | Yes | No | No | Small & Midsize Enterprises (SME) | ERP, CRM, Intercompany, Multicurrency, SCM, Manufacturing, Cost Accounting, Double-entry bookkeeping system, Project Accounting, Payroll, general ledger, Accounts Receivable, Accounts Payable, Reporting & Analysis Services | Multi-User/Location, Terminal Server, Remote Access, Web Access, Mobile Access, Cloud Hostable |
Microsoft Dynamics SL | Proprietary | Yes | No | No | Small & midsize enterprises (SME) | Project Management, Project Accounting, Reporting & Analysis Services | Multi-User/Location, Terminal Server, Web Access |
Microsoft Office Accounting | Proprietary and freeware | Yes | No | No | Low-end market | Product is Discontinued | Stand-alone |
MYOB AccountRight | Proprietary | Yes | Yes | No | Low- to high-end market | Small business and commercial accounting. Payroll and POS | Stand-alone |
MYOB EXO Business | Proprietary | Yes | No | No | Mid- to high-end market | Larger, more complex businesses. Fully customised ERP with Accounting/General ledger, CRM, Job & Project Costing, POS, Asset Management and Intercompany Reporting. Integrated Payroll & HR available through MYOB EXO Employer Services | Stand-alone, multi-user/location, terminal server, remote access |
NetSuite | Software as a Service | Yes | Yes | Yes | Mid-market | CRM, ERP, E-commerce | Web-based |
NewViews | Proprietary | Yes | No | No | Low to mid-market | Real-time, E-commerce, Integrated, Multi-user, Payroll (Canada, USA), general ledger, AR, AP, Multi-Currency, Small Business Accounting, Inventory Control, Order Entry, Job Costing, Non-profit Housing Edition, Work Orders, Attachments (Scans) | Stand-alone and/or Web Access, Cloud Hostable |
NolaPro | Software as a Service and freeware | Yes | Yes | Yes | Low- to high-end market | ||
Open Systems Accounting Software | Proprietary | Yes | Yes | Yes | Low to mid-market | ERP, SCM, E-commerce, Reporting & Business Intelligence | Stand-alone |
Oracle E-Business Suite | Proprietary | Yes | Yes | Yes | High-end market | ERP | Web-based |
Oracle Fusion Cloud ERP | Proprietary | Yes | Yes | Yes | High-end market | ERP, Financial Management, Supply Chain Management, Human Capital Management, Enterprise Performance Management | Web-based |
Oracle PeopleSoft Enterprise | Proprietary | Yes | Yes | Yes | High-end market | ERP, Financial Management, Supply Chain Management, Human Capital Management, Customer Relationship Management, Enterprise Performance Management | Web-based |
Outright | Software as a service and freeware | Yes | Yes | Yes | Entrepreneurs, freelancers, Contractors, Consultants, Small businesses - Low-end market | Bookkeeping, Taxes, E-commerce, Reporting & Business Intelligence | Web-based |
Passport Software | Proprietary | Yes | No | Yes | Mid- to low-end market | General ledger, accounts receivable, Accounts payable, ERP | Stand-alone |
POS solutions | Proprietary | Yes | No | No | Newsagency pharmacy | POS | Stand-alone |
QuickBooks Enterprise Solutions | Proprietary | Yes | Yes | No | Mid-market | Business management, Payroll | Stand-alone |
QuickBooks Online | Proprietary | Yes | Yes | Yes | Low-end market | Accounts receivable, accounts payable, Double-entry accounting, Small Business Accounting, Multi-currency in Global versions, automatic bank feeds and downloads, standard business reporting, management reporting, Payroll, incorporated credit card and bank-to-bank Payments, inventory items, expense management | Web-based |
QuickBooks Pro/Premier | Proprietary | Yes | Yes | No | Low to mid-market | Accounts receivable, accounts payable, Double-entry accounting, Small Business Accounting, Multi-currency in Global versions, automatic bank feeds and downloads, standard business reporting, management reporting, Payroll, incorporated credit card and bank-to-bank Payments, inventory items, expense management, fixed asset depreciation | Stand-alone |
Red Wing Software | Proprietary | Yes | No | No | Low to mid-market | Payroll, general ledger, accounts receivable, accounts payable, Double-entry bookkeeping system, fund accounting, inventory management, procurement, order entry/tracking, small business accounting | Stand-alone |
Sage Group | Proprietary | Yes | No | No | Accounting Firms | CRM, payroll | Stand-alone |
Sage Accounting | Proprietary | Yes | Yes | Yes | Low-end market (for SME) | Accounts receivable, accounts payable, Double-entry accounting, Small Business Accounting, Multi-currency in Global versions, automatic bank feeds and downloads, standard business reporting, management reporting, Payroll, incorporated credit card and bank-to-bank Payments, inventory items, expense management | Web-based |
Sage 50cloud | Proprietary | Yes | No | No | Low-end to High end | Business management. Financials, Inventory, Manufacturing, Job Costing, POS, Procurement, CRM, Business Intelligence, Payroll, HR; features and OS support dependent on country. | Stand-alone |
Sage Intacct | Proprietary | Yes | Yes | Yes | Small & Midsize Enterprises (SME) | Accounts Payable, Accounts Receivable, Cash Management, Collaborate, Contract and Subscription Billing, Contract Revenue Management, Fixed Assets, General Ledger, Inventory Management, Multi-Entity and Global Consolidations, Order Management, Project Accounting, Purchasing, Reporting and Dashboards, Sales and Use Tax, Spend Management, Time and Expense Management, Vendor Payment Services | Web-based |
Sage 300 ERP | Proprietary | Yes | Yes | Yes | Mid-market | ERP, Multicurrency, Intercompany, Reporting & Analysis services, Project & Job costing, general ledger, accounts receivable, accounts payable, Inventory control | Stand-alone and Web-based |
Sage Enterprise Management | Proprietary | Yes | Yes | Yes | Mid-market | ERP, Multicurrency, Intercompany, Reporting & Analysis services, Project & Job costing, general ledger, accounts receivable, accounts payable, Inventory control | Stand-alone and Web-based |
SAP Business ByDesign | Proprietary | Yes | Yes | Yes | Small & midsize enterprises (SME) | ERP, Financial Management, Supply Chain Management, Supplier Relationship Management, Project Management, Human Capital Management, Customer Relationship Management, Enterprise Performance Management | Web-based |
SAP Business One | Proprietary | Yes | No | Yes (Server only)[6] | Small & midsize enterprises (SME) | ERP, e-commerce | Stand-alone |
SAP ERP | Proprietary | Yes | Yes | Yes | Midsize to High-end | ERP, CRM, SCM, SRM, PLM, Global Trade Services (GTS), e-commerce, Business Intelligence, Mobile Business | Stand-alone and Web-based |
Sybiz Vision | Proprietary and Software as a service | Yes | Yes | Yes | Low- to high-end market | Accounting software, payroll, manufacturing, project management, job costing, multi-currency, inventory management, traceability and auditing, business intelligence, budgeting, reporting and analytics | Stand-alone, Multi-User/Location, Terminal Server, Remote Access, Web Access, Mobile Access, Cloud Hostable |
Tally.ERP 9 | Proprietary and Software as a service | Yes | Yes | Yes | Low to high-end market | Accounting,Accounting software, payroll, inventory management, Accounts receivable, Accounts payable, General ledger, Billing, Stock/inventory, Purchase order, sales order, Bookkeeping, Financial Close Management, Balance Sheets, Point of Sale, Business Reporting and analytics | Stand-alone, Multi-User/Location, Web Access, Mobile Access |
TRAVERSE | Proprietary | Yes | No | No | Low to mid-market | ERP, CRM, SCM, Intercompany, Multicurrency, Manufacturing, Distribution, E-commerce, Mobile Business Solutions, Reporting & Business Intelligence | Stand-alone |
Wave Accounting | Proprietary | Yes | Yes | Yes | Entrepreneurs, freelancers, contractors, consultants, small businesses – Low-end market) | Accounts receivable, accounts payable, Double-entry bookkeeping system, Small Business Accounting, Multi-currency, automatic bank feeds, small business reporting, payroll integration | Web-based |
Xero | Software as a Service | Yes | Yes | Yes | Low to mid-market. Small & midsize enterprises (SME) | Accounts receivable, accounts payable, Double-entry bookkeeping system, Small Business Accounting, Multi-currency, automatic bank feeds, standard business reporting, management reporting, fixed asset depreciation, payroll, inventory items, expenses management | Web-based |
ZipBooks | Proprietary | Yes | Yes | Yes | Low to mid-market | Invoicing, expense tracking, time tracking, credit card processing, bank integration | Web-based |
Package | License | Windows | OS X | Linux | Market focus | Type | Structure |
Further details[edit]
Package | Programming Language | First public release date (YYYY-MM-DD) | Latest stable release | Stable release date (YYYY-MM-DD) | Development Status | Database | Supported languages |
---|---|---|---|---|---|---|---|
Acumatica | C#, C++ | 2009-01-01 | 17.200.0401 | 2017-10-06 | 5 - Production / Stable | Microsoft SQL, MySQL | +100: UNICODE: English, Spanish, French, Chinese, Japanese, Malay, Khmer, Thai ... |
Adempiere | J2EE, JBoss | 2006-10-12 | 3.8.0LTS | 2015-01-02 | 5 - Production / Stable | Oracle, PostgreSQL | +10: English, Spanish, French, ... |
Apache OFBiz | Java, XML, FreeMarker, Groovy, Javascript | ? | 16.11.04 | 2018-01-02 | 5 - Production / Stable | Apache Derby, MSSQL, MySQL, Oracle, PostgreSQL | Multilingual |
CGram Software | C, Java | 1982 | 5.0.0 | 2009-08-01 | 5 - Production / Stable | PostgreSQL | English |
Compiere | J2EE, JBoss | 2001-06-08 | 3.8.9 | 2016-09-13 | 5 - Production / Stable | Oracle, Advance Server, MS SQL, PostgreSQL | +10: English, Germany, Spanish, French, Indonesia,... |
GnuCash | C 80%, Scheme / Lisp 13%, Perl 7%? | 1999-11-08 - Registered | 3.4 | 2018-12-30 | 5 - Production / Stable | XML (Compressed), SQLite3, MySQL, PostgreSQL | software: 33 languages;[7] website: 8 languages |
GNU Enterprise | Python 100% | 2002-06-28 | 1.4 | 2008-11-19 | 5 - Production / Stable | PostgreSQL 8.1+ | 2: English, German, |
JFire | J2EE, JBoss, Eclipse RCP, JDO | ? | 1.0.1 | 2010-03-20 | ? | MS SQL, Derby, ... | English, German, Thai, ... |
LedgerSMB | Perl | 2006-09-06 | 1.6.10 | 2019-01-20 | 5 - Production / Stable | PostgreSQL 9.4+ | +40:English development, Multilingual (.po files Gettext#Translating ) |
NewViews | C++, Tcl/Tk | 1985 | 2.33.3 | 2019-05-16 | 5 - Production / Stable | Proprietary, Object Oriented | English |
Openbravo | J2EE, JBoss | 2006 | 3.0.30460 | 2017-03-09 | 5 - Production / Stable | Oracle, PostgreSQL | English, German, Spanish (Spain), Spanish (Mexico), French, Italian, Dutch, Polish, Portuguese, Romanian, Russian, Chinese, Hebrew, Bulgarian, etc. |
Odoo | Python, Javascript | 2005 | 12.0 | 2018-10-03 | 5 - Production / Stable | PostgreSQL | +40 Multilingual[8] |
SQL-Ledger | Perl | 1999-01-29 | 3.2.4 | 2017-03-21 | 5 - Production / Stable | PostgreSQL | 30: English, ... |
Tryton | Python | 2008-11-17 | 4.2 | 2016-11-28 | 5 - Production / Stable | PostgreSQL, MySQL, SQLite | English, Bulgarian, Catalan, Czech, Dutch, French, German, Italian, Russian, Slovene, Spanish |
See also[edit]
References[edit]
- ^'SEPA'.
- ^'Nereid-demo-store'. Retrieved 9 June 2015.
- ^'Production Module — Documentation 2.8'. Retrieved 9 June 2015.
- ^'trytond: cccb674ab33c trytond/res/user.py'. Retrieved 9 June 2015.
- ^'Company Module — Documentation 2.8'. Retrieved 9 June 2015.
- ^'SUSE Adds New Channel Program for SAP Business One, version for SAP HANA'. Retrieved 8 July 2015.
- ^'The gnucash textual domain'. Retrieved 9 June 2015.
- ^'Odoo Localization'. Retrieved 5 April 2019.
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Comparison_of_accounting_software&oldid=902211094'
The Sage global headquarters in Newcastle upon Tyne, UK | |
Public limited company | |
Traded as |
|
---|---|
Industry | Software |
Founded | 1981; 38 years ago |
Founder | |
Headquarters | Newcastle upon Tyne, England, United Kingdom |
Number of locations | Offices in 24 countries |
Worldwide | |
Key people | |
Products | |
Revenue | £ 1,857 million (2018)[1] |
£ 504 million (2018)[1] | |
£ 295 million (2018)[1] | |
Total assets | £ 3,317 million (2018)[1] |
Total equity | £ 1,327 million (2018)[1] |
13,660 (2018)[1] | |
Website | Sage.com |
![Sage Accounting Software Sage Accounting Software](/uploads/1/2/5/8/125850606/221378219.png)
The Sage Group plc, commonly known as Sage, is a British multinationalenterprise software company based in Newcastle upon Tyne, England. It is the UK's second largest technology company[2] and is the world's third-largest supplier of enterprise resource planning software (behind Oracle and SAP), the largest supplier to small businesses, and has 6.1 million customers worldwide.[3] It has offices in 24 countries.[4] The company is the patron of the Sage Gateshead music venue in Gateshead.[5]
Sage is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
- 1History
History[edit]
1981 to 2000[edit]
The Company was founded by David Goldman, Paul Muller and Graham Wylie in 1981 in Newcastle, to develop estimating and accounting software for small businesses.[6]
A student at Newcastle University, Graham Wylie, took a summer job with an accountancy firm funded by a government small business grant to write software to help their record keeping. This became the basis for Sage Line 50. Next, hired by David Goldman to write some estimating software for his printing company, Campbell Graphics, Graham used the same accounting software to produce the first version of Sage Accounts. David was so impressed that he hired Graham and academic Paul Muller to form Sage, selling their software first to printing companies, and then to a wider market through a network of resellers.[7]
In 1984 the Company launched Sage software, a product for the Amstrad PCW word processor,[6] which used the CP/M operating system. Sage software sales escalated in that year from 30 copies a month to over 300.[6] The Company was first listed on the London Stock Exchange in 1989.[6]
In 1994 Paul Walker was appointed Chief Executive. In 1998 Sage's Professional Accountants Division was established. In 1999 Sage entered FTSE 100[6] and launched a dedicated Irish division, based in Dublin as well as its e-business strategy. In that same year the UK acquisition of Tetra saw Sage enter the mid-range business software market.[8][9]
2000 to 2010[edit]
The Sage Gateshead music venue, located on the banks of the River Tyne, is named after the company.
In 2000 Sage shares were named 'best performing share of the 90s' in the UK business press.[10] In 2001 Sage acquired Interact Commerce Inc.[11] and entered the CRM/contact management market and in 2002 Sage won 'Business of The Year' in the National Business Awards.[12] Also that year Sage sponsored the new Music Centre in Gateshead for £6m – now known as Sage Gateshead – the largest ever UK arts/business sponsorship.[13] Sage are one of two technology stocks listed on the FTSE 100 Index,[14] the other being Micro Focus.[15] In 2003 at age 43 Graham Wylie retired with 108.5 million shares in Sage worth £146m. He was rated Britain's 109th richest person in the 2002 Sunday Times Rich List.[7]
Tony Hobson joined the Sage board of directors in June 2004 and became chairman in May 2007.[16]
2010 to present[edit]
On 19 April 2010, Sage announced that its CEO, Paul Walker, had indicated an interest in stepping down from his position, which he had held for 16 years.[17] The Financial Times reported that his departure would lead to speculation over Sage's mergers and acquisitions, which have been a key component to the group's growth in the past 20 years. In an interview with The Times, the CEO of Sage's UK business stated that: 'Acquisitions are part of our DNA'.[18]
Walker was one of the longest serving CEOs of a FTSE100 company, only exceeded by Sir Martin Sorrell at WPP and Tullow Oil's Aidan Heavey.[19] According to the Daily Mail, Walker is likely to have left Sage with as much as £21 million given his shares, bonus plan and salary.[20] Walker left the company on 1 December 2010.[21]
On 1 October 2010 Guy Berruyer became CEO of Sage Group; Berruyer had previously been CEO of Sage's Mainland Europe & Asia operations.[21]
On 15 February 2013, Sage announced that Accel-KKR intended to buy Sage Nonprofit Solutions, the division of Sage that produces software designed for nonprofit organisations and governmental agencies.[22]
In August 2014, Sage announced that Guy Berruyer was to retire; Stephen Kelly, the UK government's former chief operating officer, became Group CEO in November 2014.[23] In September 2014 the company announced the acquisition of PayChoice for $157 million.[24]
In March 2017, Sage Group announced an agreement to acquire Compass, an analytics and benchmarking platform. The acquisition of the Compass’ platform and team aimed to provide Sage's customers with high quality analytics using big data.[25]
In March 2017, Sage Group also announced an agreement to acquire Fairsail, a Human Capital Management (HCM) cloud based platform, that addresses workforce management challenges of mid-sized organizations and meets the needs of increasingly mobile and global companies.[26]
In July 2017, Sage announced that it would purchase Intacct for $850M.[27]
On 31 August 2018, Sage announced that the Board and Stephen Kelly had come to an agreement and that Kelly had stepped down as a director and CEO.[28] On 2 November 2018 Steve Hare was appointed CEO.[29] Hare had been Chief Financial Officer of Sage since 2014 and had been interim COO following the departure of the previous CEO.[28][30]
Operations[edit]
Founded and headquartered in Newcastle upon Tyne, United Kingdom, the company has grown organically, through acquisitions and, more recently, through subscription services.[31]
In June 1991 Sage Group moved into their first dedicated headquarters building, Sage House, in Benton, Newcastle upon Tyne, having previously been located in the Regent Centre office park.[32] In 2004 the company's new £50 million headquarters was completed in the Great Park area of Newcastle upon Tyne.[33]
The company's US headquarters are in Atlanta, Georgia, the Canadian headquarters are in Richmond, British Columbia, the Africa, Middle East & Australia headquarters are in Johannesburg, South Africa and the French and Continental European headquarters are in Paris, France. Sage has 6.1 million customers and 13,400 employees across the world. Key industry focus includes: Healthcare; HR & Payroll; Construction/ Real-Estate; Transport/ Distribution; Payment Processing; Accountancy; Not-for-Profit; Manufacturing; Retail; Automotive Distribution.[34]
Financial information[edit]
Sage's former logo used from 1996 until 2015.
Financial results are as follows:[35]
![Sage Accounting Software Sage Accounting Software](http://e2btek.com/wp-content/uploads/2016/10/sage50quantumscreen.png)
Sept year-end, £ millions | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 552 | 560 | 688 | 760 | 936 | 1,158 | 1,295 | 1,439 | 1,435 | 1,334 | 1,340 | 1,376 | 1,307 | 1,436 | 1,569 | 1,715 | 1,857 |
Reported growth | n/a | n/a | n/a | n/a | +12% | +30% | +7% | +11% | 0% | +4% | 0% | +3% | -5% | +10% | +9% | +19% | +8% |
Underlying growth | n/a | n/a | n/a | n/a | +7% | +7% | +3% | -4% | -1% | +4% | +2% | +4% | +5% | +6% | +12% | +7% | +7% |
EBITA | n/a | n/a | n/a | 202 | 249 | 283 | 300 | 321 | 365 | 365 | 366 | 180 | 360 | 360 | 427 | 348 | 427 |
Pre-Tax Profit | 129 | 151 | 181 | 194 | 221 | 223 | 241 | 267 | 319 | 331 | 334 | 164 | 278 | 276 | 275 | 342 | 398 |
Products[edit]
The company's core product set can be divided into three areas: Accounting, Payroll & Human Capital Management and Payments.[36] In 2018 Sage's global cloud products were renamed and brought under the banner of the Sage Business Cloud; these include Accounting (formerly Sage One), Payroll, Sage Intacct, Enterprise Management (formerly X3), People and Payments.[37]
As Sage operates in a large number of countries the available product set varies and typically includes products specifically tailored for each region's nuanced legislation regarding accounting, payroll and taxation. Sage's more regional product ranges include Sage 50cloud (Accounting and Payroll), Sage 100, Sage 200cloud, Sage 300, Sage 1000 and Sage CRM.[38]
Sponsorships[edit]
A Marussia F1 promotional car on display in Sage's Newcastle headquarters.
The Sage Group is a patron of The Sage Gateshead, a Tyneside music venue designed by Sir Norman Foster. The Sage Gateshead was completed in 2004 at a cost of £70 million, and has since become a main sight on the River Tyne. It is primarily used as a concert venue and centre for musical education, but also hosts other events including conferences.[13]
In 2008 Sage funded the revival of The Krypton Factor television series for ITV as a part of the Business Brain Training campaign.[39] Sage were the football shirt sponsor in May 2011 for Whitley Bay F.C.'s FA Vase winning match.[40]
For the 2012 Formula One season Sage were an official supplier for the Marussia F1 team, and for the 2013 and 2014 seasons Sage logos were placed on the car.[41]
Sage have sponsored the Invictus Games since 2016.[42] Sage also sponsored the 2019 editions of the Reading Half Marathon and the Blaydon Race.[43][44]
For the 2017–18 Bristol City F.C. season Sage has partnered with Bristol City F.C. as minor sponsor through their provision of Sage X3 for Bristol Sport.[45][46]
See also[edit]
References[edit]
- ^ abcdef'Annual Report 2018'. Sage Group. Retrieved 10 March 2019.
- ^Ram, Aliya (22 November 2017). 'Sage posts 7% revenue growth after switching customers to cloud'. Financial Times. Retrieved 25 January 2017.
- ^'Competitive Profile'. The Sage Group plc. Archived from the original on 1 November 2007. Retrieved 3 September 2010.
- ^'Sage Investor Relations Website'. Retrieved 18 March 2013.
- ^'Arts funding in recession'. Incorporated Society of Musicians. Retrieved 3 September 2010.[permanent dead link]
- ^ abcde'History'. Sage. Retrieved 30 October 2010.
- ^ abVaughan-Adams, Liz (12 April 2003). 'Sage founder retires at 43 to get married and enjoy his £146m fortune'. The Independent on Sunday. London. Retrieved 15 March 2009.
- ^'Sage buys Tetra'. London: The Independent. 2 March 1999. Retrieved 30 October 2010.
- ^'Accounting for Sage's move on Tetra'. The Register. Retrieved 21 March 2015.
- ^'Sage looks risky in an uncertain business climate'.[dead link]
- ^Sage buys Interact Commerce
- ^'Business of the year 2002'. Red Hot Curry. 29 October 2002. Archived from the original on 4 April 2004. Retrieved 3 November 2010.
- ^ ab'Software sages of Newcastle'. Global Technology Forum. 23 April 2007. Retrieved 3 November 2010.
- ^'FTSE 100 Fact sheet'. FTSE. 31 March 2015. Retrieved 17 April 2015.
- ^Titcomb, James (1 September 2017). 'Micro Focus becomes UK's biggest tech company as it completes £7bn HPE deal'. The Telegraph. Telegraph Media Group Limited. Retrieved 24 February 2018.
At this value, Micro Focus will leapfrog Sage as the FTSE 100's biggest technology firm and into the UK's 50 most valuable public companies.
- ^'Directors' Biographies'. Sage Group plc. Archived from the original on 30 January 2012. Retrieved 14 January 2012.
- ^'Walker to step down as Sage chief executive'. Financial Times. Retrieved 21 March 2015.
- ^'Business big shot: Paul Stobart'. London: The Times. 20 April 2010. Retrieved 3 November 2010.
- ^'Sage CEO Paul Walker to stand down after 26 years at company'. London: Daily Mail. 19 April 2010. Retrieved 2 April 2011.
- ^Duke, Simon (19 April 2010). 'Sage chief Paul Walker is set to exit with £21m'. London: Daily Mail. Retrieved 2 April 2011.
- ^ ab'Group Chief Executive'. Sage Group plc. 6 July 2010. Archived from the original on 30 December 2010. Retrieved 2 April 2011.
- ^'Sage Nonprofit Solutions To Be Acquired By Accel-KKR'. TheNonProfitTimes. 15 February 2013. Archived from the original on 18 February 2013.
- ^'New CEO at Sage Group takes up his post'. The Journal. 5 November 2015. Retrieved 5 November 2014.
- ^'Sage buys PayChoice for $157.8 million, bolsters SMB base'. ZD.net. 22 September 2014. Retrieved 10 March 2019.
- ^'Sage announces agreement to acquire analytics and benchmarking platform'. Sage Group. 31 March 2017. Retrieved 21 August 2018.
- ^'Sage announces agreement to acquire Fairsail'. Sage Group. 3 March 2017. Retrieved 21 August 2018.
- ^'Sage Group buys Intacct accounting software for £850m'. Tech Crunch. 25 July 2017. Retrieved 16 March 2018.
- ^ ab'The Sage Group plc (the Group) announces today that the Board and Stephen Kelly, Chief Executive Officer, have come to an agreement and Stephen has stepped down as a director and CEO'. Sage Group. Retrieved 31 August 2018.
- ^'Appointment of Group Chief Executive Officer'. Sage Group plc. 2 November 2018. Retrieved 2 November 2018.
- ^'Appointment of Chief Financial Officer'. Sage Group plc. 11 November 2013. Retrieved 2 November 2018.
- ^'Sage boasts turnover growth as more clients turn to subscriptions'. Chronicle Live. 17 January 2019. Retrieved 11 May 2019.
- ^Full group accounts made up to 30 September 1991, The Sage Group plc, 16 February 1992
- ^'Sage's £50m move may blaze a trail for others'. The Northern Echo. 26 June 2002. Retrieved 11 June 2019.
- ^'Company Profile - Reuters.co.uk'. reuters.com. Retrieved 21 March 2015.
- ^'Sage Group - Investor Centre'. The Sage Group plc. Retrieved 4 February 2018.
- ^'Business Builders Annual Report and Accounts 2016'. Sage Group plc. Retrieved 30 April 2017.
- ^'Products'. Sage. Retrieved 9 May 2018.
- ^'Sage CRM'. Solutions for Accounting. Retrieved 10 March 2019.
- ^'The Krypton Factor'. Business Brain Training. Retrieved 23 April 2011.
- ^'Whitley Bay FC win FA Vase for third time'. The Journal. 9 May 2011. Retrieved 25 January 2015.
- ^'Marussia F1 team ties up with Sage'. India in F1. 27 January 2012.
- ^'Sage announces multi-year partnership with Invictus Games'. Sage.com. 14 April 2016. Retrieved 16 March 2018.
- ^'Sage doubles down on fundraising target'. 18 March 2019. Retrieved 19 March 2019.
- ^'Sage Blaydon Race'. Blaydon Race. Retrieved 26 April 2019.
- ^Gregor MacGregor (18 December 2017). 'Lee Johnson salutes 'icon' Aden Flint and says Bristol City is right club for him'. Bristol Post. Retrieved 16 March 2018.
- ^'Sage X3 and Percipient bolster Bristol Sport's growth'. Percipient. 8 September 2015. Retrieved 5 March 2018.
External links[edit]
Coordinates: 55°02′06″N1°38′57″W / 55.03509°N 1.64904°W
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