Even if you haven’t used Sage accounting in the past, if you’ve been involved in business finance in the last few decades you will certainly have heard of it.
It is one of the largest and most popular Enterprise Resource Planning platforms on the market – and you need to be able to trust your ERP software provider.
ERP platforms can be used to store and manage data. Areas which you can manage through your ERP include:
- Product planning, cost and development.
- Marketing and sales.
- Inventory management.
- Shipping and payments.
More than a third of the FTSE 100 companies, as well as a plethora of other large businesses, choose Sage for their complete business accounting solution.
So what should you be looking for in your new Sage accounting product?
Sage 200 is an advanced ERP solution often seen as the natural migration route from small business accounting solutions such as Sage 50 Accounts. It is suitable for businesses with between 10 and 200 employees and typically a turnover from £1 million pounds and upwards. With a comprehensive suite including Sage 200 Financials, Business Intelligence and CRM, you can ensure your business units are connected and driving towards the same goals.
Sage 300 is an international ERP solution which provides enhanced capabilities for multi-currency, multiple office locations and multi-national reporting and consolidations. It is also available as an integrated suite with CRM, Business Intelligence and a range of Sage approved add-on products.
In choosing a Sage mid market solution you can be assured your Sage Business Partner will have gone through a comprehensive accreditation program. This provides you with a partner in ERP that can help set up your systems and provide training and support.
Key Features of Sage 200
- Offers a real time view of core business processes.
- More advanced handling of foreign currency than offered in Sage 50.
- 3 Tier Nominal Ledger. This allows you to record money spent and money made in various different departments – each is given a nominal code on set up – as well as giving an overview.
- Integrated Sage CRM (Customer Relationship Management) which allows you to track and generate return on investment information for marketing and sales campaigns.
Online or On Premise?
There has been an increase in Cloud based ERPs in recent years, and Sage accounting holds its own slice of the market. With Sage 200, you can choose whether you opt for an online or on premise solution.
Each has its own pros and cons, and it’s important that you consider which will work best for your company before investing.
- Give you a choice about how you pay for your product. You can pay upfront, or in monthly instalments to aid your cash flow.
- If you’d rather keep your business data in house, then this is a better option for you. Nothing is hosted externally.
- If there is a poor data connection, or your internet frequently drops off, on premise will be the account software for you.
- You will be able to use your existing in house infrastructure as it will run on your server.
- Pay in monthly instalments to reduce your capital expenditure.
- If you want a Sage accounting package with easy mobile access, the Cloud-based version may be better suited to your needs.
- You have a greater degree of flexibility as you can up or downscale your plan based on need.
- There is very little need – if any – for IT support. To resolve any issues just speak to our Sage 200 advisors.
There is an argument that ERP without BI (Business Intelligence) significantly lessens the impact it can have on streamlining your organisation. They lack the sophistication of their full big brother and can provide “too much data, not enough information”.