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Sage Channel Roundup (May 2020)

5/15/2020

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Sage Channel News
Here's a look at some of the things making news in the Sage Channel for May 2020 including:

  • Sage Summit 2020 Date Change
  • COVID-19 Resources for Sage Customers
  • Sage Half Year 2020 Financial Results
  • Announcing Launch of Sage Intacct Construction

Sage Summit 2020 Date Change

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Due to current conditions and with a focus on the health and safety of Sage Summit 2020 attendees, Sage has rescheduled the event to take place December 9-11, 2020.  The popular annual software conference was previously scheduled for May 2020.

Other Event Details

While the date has changed, the location remains the same which will be hosted at the Gaylord Palms Resort in Orlando, Florida.  The event venue is a premier location just minutes from Walt Disney World® and Universal Orlando Resort™.
 
In addition, registration deadlines and pricing have been extended as follows:

  • Early bird (through September 14, 2020) - $499
  • Save (September 15 - November 29, 2020) - $599
  • Standard (November 30 - December 10, 2020) - $799
 
Be sure to click below for additional details about the agenda, keynote, learning sessions, or to register.
 
Sage Summit 2020

COVID Resources for Sage Customers

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To help guide customers during these challenging times, Sage has gathered information and resources to help you navigate the current coronavirus pandemic including:
 
  • Guidance for enabling remote working capabilities
  • Assessing whether you’re eligible for government-funded financial support
  • COVID-related FAQs
  • Business continuity guidance and advice
 
To access this dedicated resource online, go to:
https://www.sage.com/en-us/coronavirus/

Free Training Available

In addition, Sage is generously offering access to select eLearning packages and webinars at no charge.  Sage has combed through their library of courses and highlighted content they feel will be most relevant and beneficial during this time including:

  • Getting started with Sage 300 Financials (52 videos)
  • Introduction to Sage 300cloud
  • Introduction to Sage 300 Online
  • Sage 300 Navigation Basics (13 videos)
  • User Interfaces Explained
 
This free training available to customers through May 31 includes Any Time Learning and live product training through Sage University.

Sage Half Year 2020 Financial Results

On May 13, 202, Sage announced their first half financial results (fiscal year end is September). Here are some highlights from the report:

  • Continued growth in organic recurring revenue of 10.3% (recurring revenue now represents almost 90% of total revenue)
  • Organic operating margin of 22.8%
  • Strong underlying cash conversion of 127%
  • Balance sheet of c. £1.3bn of cash and available liquidity; net debt to EBITDA ratio of 0.5x

Sage stated that the company remains focused on the longer-term opportunity as they transition customers to subscription and Sage Business Cloud, with the FY20 outlook reflecting the current global economic uncertainties.

Click below for full details including the results presentation and full transcript:
Financial Results Announcement

Launch of Sage Intacct Construction

Sage recently announced the launch of the Sage Inacct Construction edition. This new cloud financial management solution is designed to meet the needs of construction companies, by building the leading construction management functionality of Sage 300 Construction (formerly Sage Timberline Office) onto the Sage Intacct cloud platform.

As a native cloud solution, Sage Intacct Construction empowers construction financial managers (CFMs) to make critical financial decisions, track and manage costs and productivity in real time, from any location, and reduces typical financial consolidation from 100+ hours down to just minutes.

In a nutshell, it brings two powerhouse, trusted names in Sage Intacct and Sage 300 Construction (Timberline) together onto one native cloud-based platform.

For more detail, click below to get in touch with a Sage Intacct Reseller in your area.
Sage Intacct Partners
See Also: What's New in Intacct 2020 Release 3
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