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ATLANTA – Jan. 9, 2019 – Sage (FTSE: SGE), the market leader in cloud business management solutions, today announced that IDC has named Sage Intacct, a solution available in Sage Business Cloud, a leader in the new IDC MarketScape: Worldwide Cloud and SaaS ERP Accounts Receivables and Accounts Payables Applications 2018-2019 Vendor Assessment (doc #US43263618, December 2018). Download an excerpt of the IDC MarketScape report with analysis on Sage Intacct.
The Sage Intacct solution was praised for its micro-vertical focus and being purpose-built for finance professionals by finance experts as exemplified by Sage’s long-standing relationship with the American Institute of Certified Public Accountants (AICPA). Specifically, the report notes that companies should consider Sage Intacct when: “You are likely a fast-growing, small or medium-sized firm based in the United States with an appreciation for sub-industry expertise in industries like financial services, franchise businesses, healthcare, hospitality, nonprofits, professional services, software, and wholesale distribution.”
“Instead of continuing to invest in antiquated on-premises systems, leading businesses have turned their focus to SaaS and cloud-based software because they need flexible and agile financial applications that are easier to implement, configure, and update,” said Kevin M. Permenter, Senior Research Analyst, IDC Enterprise Applications. “Sage Intacct has aggressively leveraged cloud technology advancements that have reshaped and realigned the AR and AP functions for growing companies through new and innovative features. In addition, Sage Intacct’s micro-vertical strategy has the potential to drive a deeper connection between the customer and the software.”
The Sage Intacct solution enables finance teams to streamline workflows across the entire accounts payable and accounts receivables process with exceptional speed and efficiency. Underlying the entire system is a unique, multi-dimensional general ledger that gives companies visibility into their whole business. The system allows companies to focus on high-value analysis, insights, and cash flow management, with less frustration and wasted time. This has allowed customers to save up to $2M in spending and significantly accelerate the collections process to cut Days Sales Outstanding (DSO) by up to 50%.
“Demand for cloud-based financial management software has never been higher, as companies look for ways to streamline their financial processes and gain greater visibility into their business,” said Dan Miller, VP of Product, Sage Intacct. “Our recognition as a Leader in the IDC MarketScape underscores the value the Sage Intacct solution delivers in helping companies manage the flow of money for their business, and how Sage’s long-term strategy aligns to support customers’ future business needs. It is this ability to meet the diverse needs of our customers now and in the future that has enabled us to achieve unmatched levels of customer satisfaction in the cloud financial management market.”
About IDC MarketScape Reports
The IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360 degree assessment of the strengths and weaknesses of current and prospective vendors.
Sage (FTSE: SGE) is the global market leader for technology that helps businesses of all sizes manage everything from money to people – whether they’re a start-up, scale-up, or enterprise. We do this through Sage Business Cloud – the one and only platform that customers will ever need, comprising Accounting, Financials, Sage Intacct, Enterprise Management, People & Payroll, and Payments & Banking.
Our mission is to free business builders from the burden of admin, so they can spend more time doing what they love – and we do that every day for three million customers across 23 countries, through our 13,000 colleagues and a network of accountants and partners. We are committed to doing business the right way and giving back to our communities through Sage Foundation. Find out more at www.sage.com/en-us.