RICHMOND, British Columbia, Nov. 29, 2017 (GLOBE NEWSWIRE) -- Sage, a market leader in cloud accounting software today announced a universal update to Sage One that enables customers to manage physical inventory, and associate inventory with costs, all in the cloud. Additionally, Sage now offers Sage One customers in Canada payroll in the cloud through a partnership with PaymentEvolution. Responding to requests from customers to help them increase business profitability, Sage developed the additional features for Sage One in line with the needs of small businesses.
Why inventory for small business?
Making inventory move means cash for businesses of all sizes. For small businesses, the pressures of great inventory management are even more pertinent. Finding the balance between providing excellent customer service and carrying the right amount of stock is a common challenge for growing businesses.
Sage developed ‘Sage One Simple Inventory’ to help customers:
- Manage inflows and outflows of inventory items based on sales and purchase invoices
- Plan for seasonal changes and popular retail periods
- Monitor stock levels with indicators and caution workflows
- Integrate sales processes with accounting
- Manage pricelists for physical items as well as service items
Helping to reduce waste and decrease the time inventory spends on shelf helps small businesses to have greater control of their cash flow—meaning business owners can focus on what they love.
“Sage One Simple Inventory is another step towards moving our customers closer to a professional environment for entrepreneurs where admin is invisible by 2020, freeing up business builders to follow their dreams,” said Nick Goode, EVP of Product at Sage. “We have our foot on the gas and will continue to deliver the solutions to market that our customers demand of us—delighting them with seamless updates that help them meet their ambitions.”
Extending payroll in the cloud
In Canada, Sage is pleased to provide customers with the ability to enjoy a cloud payroll solution that is seamlessly integrated with their cloud-based accounting solution—Sage One—through an integration and partnership with PaymentEvolution, a provider of easy-to-use and secure online payroll services for small and mid-sized businesses.
“This significant partnership will provide our customers the ability to integrate their core accounting with payroll functions for greater ease of use and faster processing, saving them time and resources that can be allocated to other areas of their business,” said Paul Struthers, EVP and Managing Director, Sage Canada.
“Small businesses in Canada using Sage One software need a robust payroll solution that integrates with their cloud-based accounting solution,” said Sam Vassa, CEO of PaymentEvolution. “With this new integration, entrepreneurs are empowered to take control of their finances and ensure their staff are paid accurately and on time.”
SMB cloud momentum
Sage now has a comprehensive suite of cloud solutions unified under Sage Business Cloud, with CA$507m of annualized recurring revenue (ARR) in FY17 growing at over 80% in the year. Clearly small businesses are beginning to see the advantages of new technology.
At Sage Summit 2017, Sage made a commitment to its 3 million customers worldwide to deliver world class cloud products, and provide seamless and consistent updates to their customers in all regions—these latest updates to Sage One is that vision coming to fruition.
As part of the Sage Business Cloud, Sage One Simple Inventory is now available in the UK, Ireland, U.S.A, Canada, France and Germany.
Payroll in the cloud is now available to Sage One customers in Canada.
For further information about Sage One, please click here.
Media contact:
Betty Tian, Sage
Office: 604-207-3611
Mobile: 604-376-7398
Betty.Tian@Sage.com
About Sage
Sage (FTSE:SGE) is the global market leader for technology that helps businesses of all sizes manage everything from money to people – whether they’re a start-up, scale-up or enterprise. We do this through Sage Business Cloud - the one and only business management solution that customers will ever need, comprising Accounting, Financials, Enterprise Management, People & Payroll and Payments & Banking.
Our mission is to free business builders from the burden of admin, so they can spend more time doing what they love – and we do that every day for three million customers across 23 countries, through our 13000 colleagues and a network of accountants and partners. We are committed to doing business the right way, and giving back to our communities through Sage Foundation.
Find out more at www.sage.com/ca.
About PaymentEvolution
PaymentEvolution is Canada’s largest and most loved cloud payroll, payments and benefits management platform for small and mid-sized businesses. See why over 18,000 businesses trust PaymentEvolution at https://PaymentEvolution.com.