What is Sage Software?
Sage Software is a firm based out of England that offers enterprise software solutions to multinational corporations. The company's product offerings range from basic business operation software to development platforms for custom business needs. The company has seen 200% growth in their profits in the last decade from approximately 500 million pounds to 1.5 billion pounds each year, representing the increase in demand for business operational system software.
Sage Software offers products for accounting, CRM (customer relationship management), taxes, ERP (enterprise resource planning), human resources, scheduling, and development platforms, among others. The wide range of software allows businesses to integrate Sage products across departments to share data, compare results, and develop solutions to company-wide problems.
Sage 50 Accounting Software
Sage came to worldwide prominence for their small-business accounting software program, Sage 50. After 30 years of corporate software development, Sage 50 now serves 3 million worldwide small to medium sized businesses with accounting, payroll (via software add-ons), and market projections.
Market projections helped set Sage apart from competitors because of the software's ability to look at company history, past revenues, and market trends to give a detailed projection of the next 12-18 months of a business' operations.
Built-in reporting functionality produces annual reports with custom fields to give to investors and future clients. Company portfolios are stored within Sage software products and can automatically generate reports at the end of each fiscal year.
For an additional fee, the payroll functionality of the basic Sage 50 software can be upgraded to automatically deduct for payroll taxes and federal withholdings. At a basic level, the payroll features track payment for part-time, full-time, and contract workers, as well as issues 1099's and invoices to employees that need them.
Sage's dominance in the operational software market is due to a more rigid approach to reporting and adherence to generally accepted accounting principles than their competitors.