ATLANTA, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Sage (FTSE: SGE), the global leader in cloud business management solutions, today revealed a 15 percent growth in enterprise contracts across the United States in FY18 and bolstered its partner network by adding more than 75 partners to drive momentum in 2019. Sage has also seen significant uplift in cloud adoption, resulting in a 74 percent increase in cloud connected subscriptions in the U.S.
In FY18, Sage expanded its client roster across core vertical markets in the U.S.: discrete manufacturing, distribution and food & beverage. New Sage Business Cloud Enterprise Management customer wins now include: Dennis Carpenter Ford Restoration Parts, Costa Farms, Empire Candle Co., Smith Gardens, Nature’s Bakery, Great Lakes Foods and Kobayashi Healthcare.
“Our double-digit enterprise growth is a testament to how we’re helping customers thrive in the market,” said Nancy Harris, Executive Vice President of Sage North America. “We have an unwavering focus on customer and partner success, and we’re making serious investments in our cloud and cloud-connected portfolio. This investment will help us continue the strong momentum in 2019.”
“Our inventory controls have come miles, leaps, and bounds,” said Austin Mathis, IT Director at Empire Candle Co. “Through the initial investment [in Sage technology], the partnership with NexTec [Sage partner], and continuing to evolve, we're getting bigger, better, smarter, and more profitable.”
To bolster Sage’ position in the market, the company has hired seasoned sales executives in key posts in the U.S. George Seymour, joined Sage recently and is leading Sage Business Cloud Enterprise Management direct sales and Dustin Anderson, who is a seasoned executive in the construction technology industry, will drive growth in Sage’s Construction & Real Estate vertical. Both executives will focus on supporting the customer journey to the cloud, as well as bringing in new customers to Sage’s growing portfolio.
A Turbocharged Cloud Portfolio
Since the launch of Sage Business Cloud in late 2017, Sage has grown its cloud-connected subscriptions by 74 percent. Sage Business Cloud now represents 28 percent of overall sales in the U.S. In addition, Sage has also deepened its partnership with Microsoft so that customers can now make payments right from Outlook with one click. To further strengthen its portfolio of offerings, Sage struck new integration partnerships with PayPal and UPS. Sage also expanded its partnership roster with the likes of American Express, Expensify and Adaptive Analytics.
Sage Intacct, an award-winning core financials cloud platform, and Sage People, a pure-play cloud human capital management (HCM) offering, are also key new entrants to the U.S. portfolio and have expanded Sage’s offerings in the mid-market and enterprise space.
“There is an untapped market opportunity, particularly among enterprise organizations that are slower to migrate to the cloud,” continued Harris. “Cloud Connected is the secret ingredient to helping these businesses make the switch to cloud in a way that works for them.”
Sage Business Cloud offers organizations access to a robust ecosystem of solutions that users can pick and choose from, based on complex needs. Be it payments and banking, payroll, customized reporting or a third-party integration such as Stripe or PayPal or Expensify, with one integration into the platform, organizations have the connectivity to multiple products and solutions.
A Thriving Partner Ecosystem
To support traction in the enterprise space, Sage also made significant strides among its partner recruitment program, with the addition of over 75 new partners across North America. Sage’s partner ecosystem in this market now includes over 11,000 accountants, strategic alliances with Salesforce and American Express, and over 600 VARs that are driving a strong percentage of annual revenue in this critical market.
Sage recently introduced a five-week intensive training course on Sage Enterprise Management for partners. More than 50 percent of consultants were billable on projects immediately following the training, and 100 percent were billable within three months of attending. In addition, Sage Business Cloud was recently recognized with a Cloud Innovation of the Year Award from Channelnomics, underscoring the company’s commitment to providing innovative cloud solutions for its partner ecosystem.
To learn more about Sage, its products and partner program, please visit our website.
About Sage
Sage (FTSE: SGE) is the global market leader for technology that helps businesses of all sizes manage everything from money to people – whether they’re a start-up, scale-up or enterprise. We do this through Sage Business Cloud – the one and only business management solution that customers will ever need, comprising Accounting, Financials, Enterprise Management, People & Payroll and Payments & Banking.
Our mission is to free business builders from the burden of admin, so they can spend more time doing what they love – and we do that every day for three million customers across 23 countries, through our 13,000 colleagues and a network of accountants and partners. We are committed to doing business the right way and giving back to our communities through the Sage Foundation.
Find out more at https://www.sage.com/en-us/.
Press contact:
Victoria Borges
470-447-4086
Victoria.borges@Sage.com