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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sage Group Plc | LSE:SGE | London | Ordinary Share | GB00B8C3BL03 | ORD 1 4/77P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.50 | -0.04% | 1,160.50 | 1,156.50 | 1,157.00 | 1,162.50 | 1,150.50 | 1,160.00 | 1,690,016 | 16:35:05 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Prepackaged Software | 2.18B | 211M | 0.2059 | 56.19 | 11.86B |
The unprecedented global events of the past few years have created a rapidly changing business environment. These developments have also created unique opportunities for innovation. Finance teams are looking for new ways to be more agile in order to monitor these constant changes and to ensure ongoing success for their businesses. Manual financial close processes, often the norm with on-premises accounting software, can negatively impact agility in several ways – including consuming time and slowing access to the real-time financial and operational information needed to make strategic business decisions.
Insights gathered from data in the survey results uncovered three key strategies for organizations to achieve a faster close:
“It’s important for accounting software vendors to help businesses streamline processes and knock down the barriers to their success,” said Aziz Benmalek, President, Sage North America. “Sage continues to embed advanced functionality, such as AI and Machine Learning, into our solutions to increase automation, drive efficiency, and free up finance teams to spend more time adapting to change. The less time businesses spend closing the books, the more time they have available to analyze the results and make strategic decisions to drive growth.”
Continued Movement to the CloudThe expansion of the work-from-home model and the ongoing trend of digital transformation is driving a big shift to cloud accounting. This year, 87% of businesses reported having a cloud-based or hybrid accounting solution. This represents a 50% increase from last year’s survey. Of those using a hybrid or on-premises solution, half plan on moving to a fully cloud-based solution within the next two years.
Survey results found high adoption of cloud accounting software across organizations of all sizes because it offers many benefits over spreadsheets and legacy on-premises accounting systems. This move towards that software has provided more businesses with automation of key processes, seamless integration with other key business systems, access to date anywhere/anytime, and the agility needed to scale as they grow.
To see the full results, download a complimentary copy of the 2022 Close the Books Survey report.
Media Contact:Monique DanielSagemonique.daniel@sage.com(905) 781-0758
About SageSage exists to knock down barriers so everyone can thrive, starting with the millions of small- and mid-sized businesses served by us, our partners, and accountants. Customers trust our finance, HR, and payroll software to make work and money flow. By digitizing business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology, and experience to tackle digital inequality, economic inequality, and the climate crisis. Learn more at Sage Canada - Software & Solutions for Every Business
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