MELBOURNE, March 3, 2017: Sage, a market leader in cloud accounting software, today announced a number of new products and painted its vision of “invisible accounting” at Sage Summit Melbourne.
More than 500 Sage customers and partners gathered at the Crown Convention Centre to hear visionary keynotes and learn more about Sage’s suite of accounting. Payroll and business management solutions.
“Nobody ever started a business because they wanted to do admin. Nobody ever said I’d love to spend all day in my accounting software,” said Van Diamandakis Sage’s, Executive Vice President Brand, Sage in his keynote address. “Through the use of emerging technologies such as BOTS, Artificial Intelligence, and BlockChain, the admin that business builders currently spend hours on every day on will virtually disappear.”
Australian Business ready for Bots
AI and bots were a key theme of the Summit with Sage revealing that, according to recent research, more than half of Australian businesses say they are ready to run their companies using Bots and AI and 73% said they would welcome an admin free world.
A highlight of the presentation was the demonstration of Sage’s admin bot, Pegg; a smart assistant that allows users to track expenses via their chosen messaging app. Pegg removes the complexities and enables entrepreneurs to manage finances through conversation. By digitising information at the point of capture, it takes away the pain from receipts and expenses, eradicating the need for paper and data entry. Pegg now has more than 20,000 users in 135 countries.
“Our vision is that entrepreneurs and business builders will spend 0 minutes doing manual admin by 2020. We call it Invisible Accounting,” Diamandakis said.
New products show momentum in Cloud computing
The research comes as Sage Australia launches new cloud accounting and people management solutions to take business builders one step closer to the invisible accounting dream. The new products include:
Sage People - A fast and flexible cloud Human Capital Management (HCM) solution for mid-sized businesses and enterprises. It is immediately available in Australia.
Sage Live - A powerful, customisable, and cost-effective cloud accounting solution. Built on the Salesforce Lightning user interface, customers can manage multiple locations and currencies all in the palm of their hand, while taking advantage of the add-on solutions available on the Sage market place and the Salesforce App exchange. Sage Live is scheduled to be available in Australia from April and Sage Live for Accountants is scheduled for launch in July.
The new products join Sage Australia’s existing cloud products, including Sage One – an easy to use cloud accounting solution for start-up businesses that manages everything from sales and purchasing to cash flow and taxes.
More than 1 million new customers have already followed Sage to the cloud globally, resulting in a 46% increase in subscription relationships.
Later this year Sage will launch the cloud version of Sage X3 to the Australian market. Sage X3 version 11, also launched at Sage Summit Melbourne, is delivered on-premise and via private cloud. Sage X3 is set to change how midsize enterprises compete and grow. It delivers faster, simpler and more flexible business management at a fraction of the cost and complexity of typical enterprise ERP systems.
Sage in the community
As part of his keynote, Mr Diamandakis welcomed Janine Allis, Founder and Executive Director of Boost Juice Bars, to the stage. Janine shared the story of how she grew her juice and smoothie empire from her kitchen bench to an international success story and how she is now sharing her knowledge with others, through her a role as a “shark” and mentor on Channel Ten’s Shark Tank.
Finally, the company’s charitable arm, the Sage Foundation, conducted a fundraising program labelled the “Big Give”. Three charities (Fitted for Work, White Lion and Girls in Tech) ‘pitched’ the audience for a chance to take home the largest share of a $15,000 donation. Sage partners and customers were given tokens that they used to vote for their favoured charity following the presentation.