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The Sage Group plc (SGPYY)

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31.40-0.06 (-0.19%)
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Previous Close31.46
Open31.10
BidN/A x N/A
AskN/A x N/A
Day's Range31.00 - 31.55
52 Week Range24.61 - 41.69
Volume24,054
Avg. Volume36,365
Market Cap8.451B
Beta (5Y Monthly)0.49
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.91 (2.89%)
Ex-Dividend DateJan 14, 2021
1y Target EstN/A
  • Agemark stays with Sage graduating to Sage Intacct and growing Business by 250 Percent
    GlobeNewswire

    Agemark stays with Sage graduating to Sage Intacct and growing Business by 250 Percent

    Agemark submits COVID funding application on first day and gets Payment Protection Program and loan forgiveness funding for every community in phase oneATLANTA, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Sage, the market leader in cloud business management solutions, today announced that Agemark, one of the nation’s most trusted senior living providers, turned to the Sage Intacct financial management solution for comprehensive visibility into business performance. By upgrading from on-premises Sage 50 software and optimizing its use of Sage Intacct, the organization adopted mature, standardized financial practices. This allowed Agemark to only grow finance headcount 20 percent even as its network grew exponentially from 10 to 25 assisted living and memory care communities across six states. Agemark is known for creating innovative programming that provides quality lifestyles to seniors and their families. The organization operates several services with various income streams, including multiple levels of resident care, residential rental fees, investment partnerships, property ownership, and facility management. These evolving business models, along with Agemark’s constant growth, require complex accounting workflows and reporting that were impossible to support using the company’s previous accounting system.After moving all bookkeeping out of individual communities and into a centralized finance team, Agemark reconfigured its implementation of Sage Intacct to take full advantage of the software’s multi-entity capabilities. “We saw Sage Intacct as the natural upgrade from Sage 50. It brought big time savings and was a huge transformation for us,” said Alicia Summers, corporate controller at Agemark Corporation. “Our financial processes are now cookie cutter for all 25 properties, 50 entities, and almost 100 bank accounts—including intercompany transactions, multi-entity allocations, accounts payable, accounts receivable, payroll, and the month-end close.”With this robust foundation in place, Agemark’s finance team easily supported the business as it more than doubled in size, achieving the following results: * Gained unprecedented visibility into key operational and financial performance indicators: Using Sage Intacct’s dimensions, Agemark compares and contrasts data specific to various departments, locations, and vendors, as well as different types of services, employees, customers, and rooms. The finance team rapidly produces hundreds of custom reports each month, such as rent roll and occupancy snapshots, weekly live budgets for each community director, and profitability forecasts for new facilities. This insight ensures more informed, proactive decision-making throughout the business. * Rapidly secured loan forgiveness funding during Covid-19: Sage Intacct’s increased visibility is helping the company quickly secure assistance from government programs and maintain its A/R aging targets despite the external pressures of the pandemic. “As soon as the Paycheck Protection Program and other loan forgiveness opportunities came available, we were ready,” said Summers. “Because we had the numbers we needed at our fingertips in Sage Intacct, I was able to determine exactly which wages, workers’ compensation, utilities, and rent were eligible and pull all the data required to apply. In fact, we submitted our applications on day one and got funding for every single community in the first phase.” * Slashed monthly close cycle by half: Sage Intacct sped up a financial close, consolidations, and reporting process that used to take a full month for only 10 entities. The company integrated Sage Intacct with Expensify to automate expense management, and imports statistical data on room totals, resident referrals, and employee hours directly into Sage Intacct to eliminate manual report preparation. Even with more than double the properties under management, Agemark now distributes final reports for each entity 15 days earlier. * Improved finance team retention through more value-added work: Agemark’s centralized team of twelve skilled accountants each efficiently manage the books for multiple properties and enjoy better career growth opportunities. “By freeing our accountants to focus on more value-added work, we overcame frequent turnover and improved team retention,” said Summers. “Sage Intacct’s automation has definitely helped us with our expansion. If we didn't have really good systems and process consistency, we would have never been able to grow this fast.” “It’s awesome that Sage Intacct lets us consolidate our entities together by state, property size, time in operations, or any other groupings we need in order to compare apples to apples,” said Summers. “Before, it would have been impossible to track some of the things we do now—like supplies across departments, supervisor hours versus assistant hours per resident, resident costs compared with their level of care, income from private versus state customers, or dining spend differences between locations.”For more information on how Agemark Senior Living benefits from the Sage Intacct financial management solution, read the full case study here.Media contact: Ally Edge +1 678.641.8213 Ally.edge@sage.comAbout Sage Sage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility and efficiency to manage finances, operations and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise and insight.

  • Sage appoints Aziz Benmalek to drive partner channel strategy
    GlobeNewswire

    Sage appoints Aziz Benmalek to drive partner channel strategy

    Microsoft and Splunk alumni, Benmalek brings 20 years of cloud technology leadership to SageLONDON, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Sage, the market leader in cloud business management solutions, appoints Aziz Benmalek as Executive Vice President of the global partner organisation. This role will see him leading the Sage global partner strategy. Benmalek brings more than 20 years’ experience in the technology sector across cloud computing, cloud market dynamics and SaaS businesses.He joins Sage from Splunk Inc. where he was Vice President of Worldwide Indirect Sales, Partners and Business Development. He also previously spent 22 years at Microsoft in various roles, including Vice President of Worldwide Cloud and Managed Service Providers, and General Manager of Hosting and Cloud Services.At Sage, Benmalek will be responsible for leading the strategy to support the success of Sage’s ecosystem of partners, ISVs, App Developers and Strategic Alliances to drive mutual growth. Bringing deep customer and partner knowledge, Benmalek’s remit will see him supporting Sage’s global partners in evolving their businesses toward SaaS revenue models, and further building the breadth and depth of the Sage Business Cloud portfolio with add-on cloud solutions.He will lead on the growth of the Sage Business Cloud Marketplace, introducing this platform to additional regions, onboarding more ISVs and App Developers and connecting them with two million active Sage customers.Lee Perkins, Chief Operating Officer, Sage comments: “As our partners and customers continue to adapt their businesses to succeed in the current climate, the need for digital transformation is rapidly accelerating. Customers are looking to our partners for cloud solutions that make it easy for them to do business. Aziz joins us with deep knowledge and experience in channel first cloud computing and a passion for customer success. Through his leadership, Sage is positioned to support our partners’ success – and that of our mutual customers – better than ever before.”Aziz Benmalek comments: “It’s an exciting time for Sage and I am proud to be joining the business to work alongside our partners to drive our mutual success. Our focus is to create an ecosystem that is rich in new opportunities for every type of Sage partner – bringing the technology our shared customers need to help them during this difficult time for businesses around the world.” Media contact:   Kirsty Bennett +447870-983-051 Kirsty.bennett@sage.comAdditional resources:  Like Sage on Facebook – https://en-gb.facebook.com/SageUK/ Follow Sage on Twitter – https://twitter.com/sagegroupplc?lang=en Follow Sage News – https://www.sage.com/en-gb/news/ About Sage   Sage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility and efficiency to manage finances, operations and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise and insight.  Notes to editors   * Sage works with an extensive network of partners, who contribute to our mutual growth and our ambition to enable customer success. * Approximately 35% of Sage’s revenue is generated from sales to partners rather than end users. * Sage has four partner types: Strategic Alliances; Accountants; Valued Added Resellers (VARs); and Independent Software Vendors (ISVs) and App Developers. * The Sage Business Cloud Marketplace (Sage Marketplace) is an e-commerce platform that showcases a curated selection of industry leading, native-cloud and cloud-connected apps for customers to shop, adding industry or vertical functionality to their Sage solutions. * The Sage Business Cloud Marketplace is currently available in the USA, Canada, UK and France. Today (January 2021), we have almost 180 independent software vendors (ISV) selling their solutions to Sage customers through the Sage Marketplace. * With a range of ISV connected apps for both the small and medium segments, the Sage Marketplace is key in accelerating Sage’s journey to becoming a great SaaS company.

  • Sage recognized as a Glassdoor Best Place to Work in 2021 and Employees’ Choice Award winner
    GlobeNewswire

    Sage recognized as a Glassdoor Best Place to Work in 2021 and Employees’ Choice Award winner

    TORONTO, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Sage, the market leader for cloud business management solutions, has received a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2021 in Canada. The Employees’ Choice Award, now in its 13th year, is based solely on feedback provided anonymously by employees who complete a company review about their job, work environment and employer on Glassdoor, a worldwide leader on insights about jobs and companies.“It is a tremendous honour for Sage to be recognized as one of the Best Places to Work in Canada. In nearly a year of working remotely, having a strong and supportive culture that demonstrates we care through measured and consistent action, has been critical to our company’s success,” said Nancy Tichbon, Managing Director, Sage Canada. “To be ranked in the top 10 workplaces in Canada by our employees, under the unique circumstances we are all in, is an amazing recognition, and reinforces our commitment to nurturing a meaningful culture that values and appreciates all colleagues, always.”   On the path to becoming a great SaaS company, Sage is committed to listening to and taking action on colleague feedback in a continuous loop of improvement to deliver a world-class colleague experience at every touchpoint.“COVID-19 is in the driver’s seat and every employer has been impacted. This year’s winning employers have proven, according to employees, that even during extraordinary times, they’ll rise to the challenge to support their people,” said Christian Sutherland-Wong, Glassdoor chief executive officer. “A mission-driven culture, transparent leadership and career opportunities are always hallmarks of Best Places to Work winners. This year, we also see exceptional employers who have prioritized the health, safety and well-being of their employees. My congratulations go to all of this year’s outstanding Employees’ Choice Award winners.”On Glassdoor, current and former employees voluntarily and anonymously share insights and opinions about their work environments by sharing a company review, designed to capture a genuine and authentic inside look at what a specific job may be like at a particular company. When sharing a company review on Glassdoor, employees are asked to rate their satisfaction with the company overall, as well as key workplace factors like career opportunities, compensation and benefits, culture and values, senior management and work/life balance. In addition, employees are asked to describe the best reasons to work at the companies they work for, as well as any downsides.Glassdoor’s Best Places to Work were determined using company reviews shared by U.S.-based employees between October 22, 2019 and October 19, 2020. To be considered for the Canada category, a company must have had at least 1,000 employees and have received at least 25 ratings across each of the eight workplace attributes from Canada-based employees during the period of eligibility. The final list is compiled using Glassdoor’s proprietary algorithm, led by its Economic Research Team, and takes into account quantity, quality and consistency of reviews. Complete awards methodology can be found here: https://www.glassdoor.com/Award/index.htmFor the complete list of the Glassdoor Best Places to Work winners in 2021, please visit: https://www.glassdoor.ca/Award/Best-Places-to-Work-Canada-LST_KQ0,26.htmAbout Sage Sage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility and efficiency to manage finances, operations and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise and insight.About Glassdoor Glassdoor combines all the latest jobs with millions of reviews and insights to make it easy for people everywhere to find a job and company they love. As a result, Glassdoor helps employers hire truly informed candidates at scale through effective recruiting solutions like employer branding and employee insights products. Launched in 2008, Glassdoor now has reviews and insights for more than 1.3 million companies located in more than 190 countries. For more information, visit glassdoor.com. Media contact: Monique Daniel Sage monique.daniel@sage.com    (905) 781-0758