Sage is the market leader in accounting, payroll and payment systems for business owners and entrepreneurs worldwide.<\/p>\n
In 2019, it has acquired OCREX and CakeHR, operations that we analyse in the following lines.<\/p>\n
Sage es un a British multinational conglomerate dedicated to the design and implementation of various IT solutions for companies.<\/strong>.<\/p>\n It is currently the third largest provider of enterprise resource planning software<\/strong> (ERP) after Oracle<\/a> y SAP.<\/p>\n However, it is the market leader in the small and medium-sized business market, where it has more than 6 million customers.<\/p>\n Founded in 1981 by David Goldman<\/strong>, Paul Muller<\/strong> and Graham Wylie<\/strong>was born as a result of the needs that the founders detected in the business world to automate accounting processes.<\/p>\n Since then, it has been offering solutions to facilitate the management of accounting, invoicing, human resources, payroll, payments, assets and other services to companies of all sizes and sectors.<\/p>\n It currently employs more than 13,000 people in 23 countries.<\/p>\n They provide their services to all types of companies, especially SMEs where they lead the sector.<\/p>\n The services offered by Sage are divided into five business areas:<\/p>\n It allows you to easily create reports, consult financial information, calculate VAT or keep up to date with the latest regulations, as well as many other services to facilitate business management.<\/p>\n In this way, it can optimise processes, facilitate access to information, make decisions more quickly or have greater control over processes.<\/p>\n It ensures payroll accounting, compliance with social and tax regulations.<\/p>\n It facilitates the company's cash control and the management of banking operations and the execution of payments and collections that depend on the business.<\/p>\n It recently presented its quarterly results with a turnover of 2.000M\u20ac and divided between North America (35%), Europe (53%) and South Africa and Australia (11%).<\/p>\n This turnover came mainly from software subscriptions, maintenance and customer support.<\/p>\n Notably, annual recurring revenues grew by 10.81GDP1T, continuing the strong performance of previous fiscal years.<\/p>\n This is expected to continue next year, with an expected growth of 8-9%.<\/p>\n Despite the company's strong commitment to organic growth, it has not prevented it from carrying out two mergers and acquisitions<\/a> in the current year 2019.<\/p>\n Both are in line with Sage's ongoing strategy of becoming a SaaS company with a strong focus on cloud offerings and a reshaping of its portfolio.<\/p>\n We analyse the British company's most recent operations.<\/p>\n Recientemente adquiri\u00f3 Ocrex, fintech, compa\u00f1\u00eda irlandesa fundada en 2011.<\/p>\n It uses artificial intelligence and facial recognition to automate the recording of invoices and payrolls, mainly, making the work of accountants easier.<\/strong>.<\/p>\n With clients as important as Deloitte<\/a> or BDO<\/a>3 million in its latest financing round<\/a> in 2017.<\/p>\n<\/span>SERVICES AND BUSINESS AREAS<\/span><\/h2>\n
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<\/span>LATEST RESULTS AND FORECASTS<\/span><\/h2>\n
<\/span>PROCUREMENT STRATEGY<\/span><\/h2>\n
<\/span>OCREX<\/span><\/h3>\n