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Sage releases new version of X3

16th May 2014
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Away from the excitements at Accountex in London Docklands, Sage announced a new version of its X3 enterprise resource planning (ERP) software for medium-sized businesses in Lisbon. Nick Huber reports.

The accounting software supplier says that ERP X3 version 7 is faster, can analyse more data and is easier to use than its predecessors. It has mobile access, a web-browser interface, and it can be run online in the cloud.

The new version comes as Sage faces increased competition from small cloud-based suppliers and some concerns over its strategy after its chief executive Guy Berruyer recently announced that he will retire.

Although Sage makes about 80% of its sales from small business, it says the mid-market (businesses of 100-500 employees) is growing fast and is an important part of its strategy.

Sage has made little headway in the ERP market for large companies, which is dominated by a handful of suppliers including SAP and Oracle.

“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 Christopher Letellier, CEO Sage ERP X3.

X3 version 7’s new features include:

  • A web interface which runs on various browsers and allows customers to configure the software
  • Search function
  • Mobile access and web apps
  • More automation of business tasks, for example, recurring invoices

Sage SME survey findings

Medium-sized European businesses are wasting 9.6bn euros annually because they are not using all functions of their business software, according to a Sage survey.

The survey, which questioned 600 IT decision makers in the European Union found that each business wasted an average of about 43,000 euros per year.

Reasons for not making the most of software included duplicated features with other software, lack of interest among people using the software and insufficient IT training.

The survey also found that:

  • Improving efficiency is the objective for 61% of UK businesses.
  • Forty nine per cent of European businesses expect to spend less on software this year than last year.
  • Forty three per cent of European businesses update their ERP every three to five years.

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