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Sage delivers key milestone in cloud strategy with internationalisation of Sage Intacct across all major markets

CFOs in US, Canada, Australia and UK now able to execute on their strategy with data driven insights

November 7th, London, UK - Sage, the market leader in cloud business management solutions, today announces that its cloud native financial management platform Sage Intacct is now available in all four major English speaking markets: US, Canada, Australia and UK. Following the acquisition of Intacct in July 2017, this marks an important milestone for Sage as it executes on its SaaS strategy.

At the time of the FY18 financial results, management announced that a key priority for 2019 would be taking its award-winning Sage Intacct product international – with a focus on Australia and UK, building on its market leadership in North America. With today’s announcement, that ambition has now been achieved, providing CFOs with the digital tools they need across all major markets.

Steve Hare, Chief Executive Officer, Sage, said: Sage Intacct is the leading cloud financials solution for medium sized customers, and bringing it to our major markets is a significant step forward for our vision of becoming a great SaaS company”.

Sage Intacct’s target market

Sage Intacct serves finance professionals in medium sized business. The market Sage Intacct serves is large, but fragmented. Current estimates for Sage’s total addressable market suggest around $5.5 billion[1] across the four markets. Sage Intacct's best-in-class cloud native financial management software meets that challenge, and helps customers deliver the efficiencies and insights that keep them on the fast track of growth.

Enhanced user experience and capabilities

In 2019 Sage Intacct scored the highest product score for the third year in a row (4.63 out of five in 2019) for Core Financials for the Lower Midsize Enterprises use case in the 2019 Gartner report Critical Capabilities for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises . Sage Intacct is named by the American Institute of Certified Public Accountants (AICPA) as its first and only preferred provider of [US] financial applications. Sage Intacct consistently scores higher than any other vendor in the G2 Mid-Market Grid Reports for ERP Systems, and currently has a satisfaction rating of 98 out of 100 on 

Delivering on our cloud strategy for customers at pace

The entry of Sage Intacct into Australia and UK markets has been accelerated by delivering reusable services at speed. Termed ‘Service Fabric’, this internal development methodology enables common capabilities and services to be replicated as local teams build local legislative requirements into the core Sage Intacct product, including:

  • Compliance Service (Regulatory reports & Government submissions)
  • Banking Service (Bank feeds)
  • Payments Service (Payments Out)

Marc Linden, MD of Sage Intacct and EVP of cloud native segment said “Service Fabric helped us to unlock technologies and use existing expertise to make Sage Intacct relevant and compliant for local markets. This helped us to expedite delivery to Australian and UK customers by as much as two years.”

Supporting customers throughout their journey

Sage has a dedicated team of pre-sales, sales development and support people in each geography – delivered either direct, or through a channel model. This ensures that customers get the right help and support from the first enquiry to full implementation. Sage and its partners are dedicated to ensuring customers can quickly adopt and see tangible benefit from the best-in-class cloud software.

Sage will continue to invest in its sales, delivery and support function to fuel and support growth, while providing a leading customer experience.

Aaron Harris, Chief Technology Officer, Sage, said: “Sage is committed to providing every customer, including finance leaders, with the tools and technologies they need to thrive every day. Sage Intacct brings trusted tools that enable them to not only deliver on their core competencies, but also be confident in driving the digital agenda throughout their organisation. The successful internationalisation of Sage Intacct will empower our global customers to accelerate growth, streamline financial processes, and deliver the operational insights needed to scale their business.”

[1] IDC market Model 2019

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