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The Sage Group plc (SGPYY)

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36.28+0.12 (+0.35%)
At close: 3:33PM EDT
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Previous Close36.15
Open36.52
BidN/A x N/A
AskN/A x N/A
Day's Range35.96 - 36.59
52 Week Range30.44 - 41.06
Volume5,970
Avg. Volume16,748
Market Cap9.499B
Beta (5Y Monthly)0.55
PE Ratio (TTM)23.19
EPS (TTM)1.56
Earnings DateN/A
Forward Dividend & Yield0.92 (2.55%)
Ex-Dividend DateJan. 14, 2021
1y Target EstN/A
  • GlobeNewswire

    Sage empowers SaaS companies to accelerate their business growth with launch of Sage Intacct in AWS Marketplace

    ATLANTA , May 06, 2021 (GLOBE NEWSWIRE) -- Sage (FTSE: SGE), a leader in cloud business management solutions, today announced the launch of Sage Intacct in AWS Marketplace. This new way to discover Sage solutions further supports Sage’s purpose to transform the way people think and work so their organizations can thrive. Listing Sage Intacct in AWS Marketplace provides an optimized and streamlined approach for early-stage SaaS businesses to use a subscription and financial management solution in an easy-to-consume platform, capable of starting small and scaling big to support business growth. AWS Marketplace is an online digital catalog that helps customers find, buy, and start using software and services that run on Amazon Web Services (AWS). With the addition of Sage Intacct to AWS Marketplace, AWS customers across the U.S. can now readily access Sage’s award-winning, multi-tenant cloud financial management system. Sage Intacct can deliver a valuable opportunity for SaaS companies to efficiently manage cash flow and expenses, gain increased visibility on GAAP and SaaS metrics to better forecast the future, and expand their business with more control. “Listing Sage Intacct in AWS Marketplace provides companies with a frictionless, digital experience from the get-go,” said Aziz Benmalek, EVP of Partners and Alliances, Sage. “We know from speaking to our customers that investors expect early-stage SaaS companies to prove different aspects of their business model at each stage of growth to achieve their next round of funding. Therefore, it is critical for them to have a scalable, modern financial management system at the core of their business – making Sage Intacct available in AWS Marketplace makes it even easier for them to achieve just that.” “Sage and AWS have a longstanding history of delivering leading cloud business management solutions for customers who are looking to elevate their work, digitally transform their businesses, and focus on work which drives real value to their end users,” said Chris Grusz, Director of Business Development, AWS Marketplace, Service Catalog, and AWS Control Tower, AWS. “We are proud to have Sage Intacct available through Private Offers to our North America customers in AWS Marketplace.” As companies grow, their needs change and they require a more robust financial management system like Sage Intacct that can grow with them as they move from the stage of building product-market fit to successfully selling their solution. Sage Intacct offers the only ASC 606-compliant cloud accounting and subscription billing solution that streamlines processes from quote to financial forecast. It delivers deep insights into the financial metrics most important to SaaS companies – including customer acquisition costs (CAC), customer lifetime value (CLTV), contracted monthly recurring revenue (CMRR), and customer churn. With Sage Intacct, SaaS finance teams have been able to: Cut their financial close process by up to 80%Increase operational cash flow by up to 20%Grow up to 400% without additional finance headcountReduce their cash forecast variance by up to 90%Improve decision making with real-time financial and operational data For example, Zest AI, a growing fintech software company, transformed its financial processes with Sage Intacct to ensure timely, accurate financials across its eleven business entities. The organization has shortened its monthly close process by 33 percent, cut annual accounting contracting costs by 60%, adopted ASC 606 practices, and supported due diligence for its $15 million capital raise – all while keeping up with 100% year-over-year growth. (Read the full case study here.) “We saw a great opportunity to put scalable processes, financial controls, and the right software in at the ground level in order to make us more productive,” said Walter Luceno, director of accounting at Zest AI. “With Sage Intacct, we now have accurate, timely financials in any managerial format we want, so everyone has more confidence in the numbers.” To learn more about Sage Intacct in AWS Marketplace, please visit https://aws.amazon.com/marketplace/featured-seller/sage-intacct. Media Contact:Peter Olsonpeter.olson@sage.com408-878-0951 About SageSage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility, and efficiency to manage finances, operations, and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise, and insight. To learn more, visit www.sageintacct.com or www.sage.com/en-us/.

  • Canadian businesses believe burnout will hurt companies’ bottom line this year, new Sage study in Canada finds
    GlobeNewswire

    Canadian businesses believe burnout will hurt companies’ bottom line this year, new Sage study in Canada finds

    Business leaders share concerns for employees’ wellbeing; a hybrid work model; and investing for recoveryTORONTO, April 28, 2021 (GLOBE NEWSWIRE) -- Sage (FTSE: SGE), the market leader in cloud business management solutions, uncovered the impact of burnout on Canadian businesses in a new commissioned report – 2021 Forward Together. The report found: Among businesses hurt by the pandemic, 42% of Canadian business leaders believe dampened employee morale and potential increase of burnout will negatively impact their revenues for the remainder of 2021.One in three (32%) Canadian workers believe burnout in their household (themselves or their family) will affect their ability to do their job effectively this year. Concerns over employees’ wellbeing When planning for post-pandemic recovery, business leaders are placing much emphasis on their employees, primarily their mental health and safety. However, the level of action taken varies. 47% of business leaders are concerned about employee burnout. However, of those concerned, 68% have not taken action to address this issue.43% are concerned about employees feeling safe to return to the workplace and of those concerned, half (51%) have already taken action to address the issue. In addition, vaccine rollout is another major factor determining businesses’ outlook and business leaders and workers share similar opinions on vaccines. A majority (86%) of business leaders believe keeping vaccine rollout on or ahead of schedule will contribute to their success in 2021.Half of business leaders (55%) and workers (51%) believe receiving a COVID-19 vaccine should be mandatory before employees return to the workplace, compared to 24% of business leaders and 32% of workers who believe that should not be the case. "The past year has been a difficult time for many businesses across Canada to navigate, but we're starting to see a light at the end of the tunnel," says Nancy Tichbon, Managing Director, Sage Canada. "While there are some external factors outside of our control, business leaders should be focused on planning and prioritizing employee wellbeing, investing in training and skills development, hiring new staff and adopting the latest technologies to enable employees to work smarter, not harder." Preparing for post-pandemic recovery For business leaders, post-pandemic recovery priorities include a viable and sustainable hybrid work model, required technologies for efficiency and growth, and relevant employee skills. A hybrid work model 76% of business leaders will continue to allow employees to work remotely and 68% of workers expect the same. Business leaders are also demonstrating confidence that the hybrid work arrangement is working and is necessary moving forward for the reasons below: Increasing productivity (42%)Attracting and retaining talent (41%)Mitigating burnout (34%) Priority investments Despite the current financial challenges caused by the pandemic, business leaders are prepared to invest in the following for the balance of this year: 47% will increase their technology budget and 36% will increase their marketing budget.33% of businesses who are anticipating negative revenue impact will digitize their operations.37% will offer internal training and 28% are willing to pay for external training. Workers, meanwhile, prefer an increase in compensation (34%) to internal training (13%) or external training (17%), but only 16% of business leaders intend to increase workers’ compensation. Recovery in 2022 Business leaders currently have mixed confidence in their outlook for the remaining of the year. More than half (53%) of Canadian businesses experienced revenue decline due to COVID-19, of which three-quarters (74%) expect this trend to continue through the end of 2021. However, some are showing signs of optimism starting in 2022: Of the 44% of business leaders who anticipate a negative revenue impact for the remainder of 2021, 56% of them believe this will reverse in 2022.Of the 30% of business leaders who anticipate positive revenue impact in 2021, 34% of them believe the positive impact will continue into 2022. To see how Sage customers across Canada are using our technology to improve their business, visit this interactive map. To learn more, please download the full 2021 Forward Together report. Media Contact Monique Daniel Sagemonique.daniel@sage.com(905) 781-0758 MethodologyIn partnership with Sage, Angus Reid Group conducted an online survey among a representative sample of 1,569 Canadian workers and 775 business decision makers in organizations with 50 to 499 employees, in the week of March 22, 2021. The respondents are members of Angus Reid Forum. For comparison purposes only, this sample plan would carry a margin of error of +/- 3.5 percentage points 19 times out of 20 for business leaders, and +/- 2.5 percentage points for working Canadians 19 times out of 20. About Sage Sage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility, and efficiency to manage finances, operations, and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise, and insight. About Angus Reid Group Angus Reid is Canada’s most well-known and respected name in opinion and market research data. Offering a variety of research solutions to businesses, brands, governments, not-for-profit organizations and more, the Angus Reid Group team connects technologies and people to derive powerful insights that inform your decisions. Data is collected through a suite of tools utilizing the latest technologies. Prime among that is the Angus Reid Forum, an opinion community consisting of engaged residents across the country who answer surveys on topical issues that matter to all Canadians.

  • UPDATE -- Nonprofit Whole Family Health Center uses Sage Intacct to boost accounting efficiency 80% and gain agility during COVID-19
    GlobeNewswire

    UPDATE -- Nonprofit Whole Family Health Center uses Sage Intacct to boost accounting efficiency 80% and gain agility during COVID-19

    Florida healthcare provider eliminates nearly 50 hours of manual accounting work per month and reduces its financial close time by 73%ATLANTA, April 23, 2021 (GLOBE NEWSWIRE) -- Sage (FTSE: SGE), the market leader in cloud business management solutions, today shared the financial management efficiencies and insights Whole Family Health Center gained by moving its financial software to the cloud. Migrating from Sage 50 to Sage Intacct – just as the COVID-19 pandemic struck in March 2020 – Whole Family’s finance team has been able to absorb new workloads and demands triggered by the pandemic. Overall accounting efficiency has leapt at Whole Family, a nonprofit healthcare provider on Florida’s Treasure Coast, as it has eliminated nearly 50 hours of manual accounting work each month and reduced its monthly close time by 73%. Improved efficiency and capacity have been critical as Whole Family added 10 new providers during COVID-19 at clinics in Fort Pierce and Vero Beach. As a Federally Qualified Health Center (FQHC) Look-Alike, Whole Family Health Center provides services to underserved communities and clients regardless of their socio-economic status. In addition, new federal funding brought strict reporting requirements that were challenging – with Sage Intacct’s robust dimensional reporting, Whole Family is now meeting those nonprofit reporting requirements with ease. “We have a lot on our plate, and Sage Intacct has been very helpful in how we can run reports by funding source and any other dimension,” said Sabrina Rivera, AP and payroll specialist at Whole Family. “Our COVID-related grant reporting would have been difficult if we were relying on spreadsheets. We don't have the luxury of the days it would have required to produce those customized reports.” Founded in 2013 and growing its workforce from 60 to 105 full-time staff over the last four years, Whole Family has realized several transformational improvements with its move to Sage Intacct, including: Eliminated nearly 50 hours of manual work each month. Whole Family is saving 20 hours per month in reporting by using tagged dimensions including location, department, and funding sources without the need for Excel. It is saving another eight hours in expense management by connecting Sage Intacct and a credit and expense management solution, six hours in manual check signing in accounts payable, and is on track to save another six hours with the Sage Intacct Fixed Assets module.Reduced the monthly close from 30 to eight days. Automation and ease of use allow Rivera to reconcile bank transactions and manage journal entries daily, rather than in month-end rush, contributing to a 73% reduction in close time. Furthermore, financial information is more accurate and delivered more quickly to executives and the board of directors, helping the organization navigate the challenges of COVID-19.Improved speed and insights with dimensional reporting. Whole Family now has deeper insights into costs and revenue (including grants, Medicare and Medicaid, and insurance carriers) with Sage Intacct dimensional reporting.Reduced overtime, enabling focus on higher-value initiatives. Rivera logged significant overtime just keeping pace with basic accounting before the move to Sage Intacct. "Sage Intacct has saved us so much time and let me focus on other things,” she said, citing an ongoing payroll system implementation, additional Sage Intacct training, analytics and reporting, and HRSA (Health Resources & Services Administration) requirements. Overseeing a cost-sensitive nonprofit, Whole Family’s executive team was initially skeptical that a new accounting platform was needed. Once Sage Intacct was implemented, they have been delighted with marked improvements in reporting speed, depth, and presentation. "Our executive team has been giving us compliments on how great the reporting has been with Sage Intacct. They can understand the reports and the numbers very easily,” added Rivera. For more information on how Whole Family Health Center is benefiting from its graduation to Sage Intacct, read the full case study here. Media Contact:Peter Olsonpeter.olson@sage.com408.878.0951 About SageSage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility, and efficiency to manage finances, operations and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise, and insight. For more information, visit www.sage.com/en-us/ or www.sageintacct.com.