ATLANTA (March 9, 2016) – Sage, a market leader in accounting, payroll and payment systems, supporting the ambition of the world's entrepreneurs, today announced the results of The Total Economic Impact™ of Sage X3, a January 2016-commissioned study conducted by Forrester Consulting on behalf of Sage. The study examines the potential return on investment (ROI) businesses may realize with the Sage X3 business management solution. Based on interviews with Sage X3 customers, Forrester created a Total Economic Impact (TEI) Study that revealed that a composite organization of Sage X3 achieved a 177 % ROI, $1.7M from cost savings over three years and an expected payback period of only five months. The full study is available for download.
Sage X3 introduces a better way to manage the entire enterprise — from procurement to manufacturing, distribution and financials. A simpler, faster and more flexible business management solution, Sage X3 provides the insight needed to drive your business and the tools to grow without the pain of getting bigger.
To better understand the benefits, costs and risks associated with an investment in Sage X3, Forrester conducted in-depth interviews with Sage X3 customers, who had been using Sage X3 for at least 30 months.
"The Forrester TEI study shows the tremendous benefits of Sage X3, including its cost-effectiveness and short breakeven period," commented Jean Huy, vice president of global product marketing for Sage X3. "With companies feeling more pressure to reduce costs and adapt quickly to become more agile and responsive, the long-term return of typical ERP investment is no longer an option. It becomes imperative that their business management systems provide the quickest ROI possible. A modern cloud solution such as Sage X3 delivers faster time to value while also allowing companies to gain agility, simplify IT management and free up resources to focus on more important projects."
Among the Forrester TEI study findings :
Overall, the analysis points to risk-adjusted benefits of $1,722,180 over three years versus implementation and operating costs of $620,870, equating to a net present value (NPV) of $1,101,310. The workflow automation and alerts functionality of Sage X3 increase productivity by encouraging users to adhere to policies and speeding up processes. Its documentation and office collaboration functionality increase efficiency and collaboration by integrating documentation workflows into a single, coherent and searchable library.
"With Sage X3, we can invest our resources in growing the business, not in managing the software and maintaining an IT infrastructure," said Grant Morehead, CEO and CFO, Southern Silicones. "In a growing business, we all wear many hats and are on the go at all times. I love that I can access Sage X3 from by desktop, my laptop, my tablet and my phone—all I need is an Internet connection and a browser."
Download the full study and infographic, or calculate your own ROI by visiting SageX3.com.
Sage is a market leader for integrated accounting, payroll, and payment systems, supporting the ambition of the world’s entrepreneurs. Sage began as a small business in the U.K. 30 years ago, and over 13,000 colleagues now support millions of entrepreneurs, across 23 countries, as they power the global economy. We reinvent and simplify business accounting through brilliant technology, working with a thriving community of entrepreneurs, business owners, tradespeople, accountants, partners, and developers. And as a FTSE 100 business, we are active in supporting our local communities and invest in making a real difference through the philanthropy of the Sage Foundation.