In a week when Benfica of Lisbon were hoping to win their first continental football trophy since 1962 by winning the Europa League final, Sage had its own important fixture in Portugal’s capital. Nick Huber reports.
The accounting software supplier announced a new version of its enterprise resource planning (ERP) software, ERP X3 version 7, for medium-sized companies.
It has taken about four years to develop.
Sage says the new version is faster, can collate and analyse more data and is easier to use. It also has mobile access and a web-browser interface.
Version 7 can be hosted online but there wasn’t a big announcement about cloud technology at the conference.
“We’ve listened to our customers, we’ve listened to the market and we’ve re-designed our business solutions directly to answer the needs and challenges faced by mid-market companies today,” said Christophe Letellier, CEO Sage ERP X3.
Sage makes about 80% of its sales from small business. But the mid-market, where profit margins are higher, is becoming more important to the company.
It says that that sales to medium-sized businesses with between 100-500 employees are growing in the double digits.
Until a few years ago the UK supplier said it wanted to go upmarket by selling to the biggest companies. That would mean competing against established ERP suppliers such as SAP and Oracle.
But Sage is now focused on two markets - small and medium-sized business. It also wants to streamline its product range after multiple acquisitions during the past decade...