How Sage Accounting Became The Business Norm

Last Updated on September 2, 2024

Are you considering Sage integration? This is something many businesses already have, and they have experienced a lot of success since doing so. Sage has grown considerably since it was founded in Newcastle in 1981. It now has offices in 24 countries, and more than 6.1 million customers around the globe. It is the largest supplier of enterprise resource planning software to small businesses, and the third-largest supplier on the whole, only falling behind Oracle and SAP. So, why should you think about integrating Sage into your business? Read on to discover more about the three main benefits you can expect to experience by doing so. 

1. Operate your business more efficiently

There is only one place to begin, and this is with the fact that your business will become much more efficient once you have Sage software in place. This is because data entry is carried out at a rapid pace when compared with manual data entry. Even if you intend on using the data for multiple purposes, i.e. the same data for carrying out the costs of your pre employment assessment to the full cost of taking on a hire, you only need to input it once. You will also increase efficiency because you will be able to access and retrieve data in real-time. This gives you a clear and accurate picture of your business’s current situation. 

2. Simplify accounting

Accounting seems to become more complicated with every month that passes by. The vast majority of businesses hold an astronomical amount of data nowadays. It is difficult to keep on top of everything. This is something you don’t need to worry about with Sage, as your accounting processes will become a lot more straightforward. You can also rule out human error. It is not uncommon for information to be misplaced or figures to be jotted down incorrectly. You can stop this from occurring, which is vital, as small human errors can have a catastrophic effect. You can also produce reports, from income statements to balance sheets, with ease. 

3. Reduce costs

When you consider the speed and efficiency that is associated with Sage accounting systems, you see how you can save a considerable amount of money. Sage is much more cost-efficient than using paper-based accounting or other accounting systems for that matter. Not only can you eliminate the need to hire someone to take care of your accounts, but also you will receive important real-time financial information, which will give you better clarity over your business. You can use this to plan better and ensure that unforeseen costs are dealt with properly and your business is run cost-efficiently. You can easily see who owes you money, so you can chase them, and you can run profit and loss reports for better clarity regarding your financial position at present. Moreover, as Sage involves paying a small monthly subscription, it won’t cost much and you can easily plan for this expense.

All things considered, when you carefully evaluate the three points mentioned above, it is not tough to see why Sage accounting systems are the preferred choice of so many businesses today.