Looks as if Sage’s write-once use everywhere micro-accounting solution SageOne has received an update today. New features include online integration with bank transactions.
There’s not enough details here but it sounds as if the features might be similar to Intuit’s Mint which similarly offers integration to banking transactions by pulling in transactions instead of forcing users to manually enter them.
Also announced was a promotional price cut from a standard $29/user to $24. Existing users will be credited with the differences.
To date SageOne has been a very low end accounting system most suitable for startup single owner type companies. When it launched last year in North America it did not support printing of checks. Since then Sage have been hard at work adding new features such as credit card integration (amazingly Paypal is an option).
Sage have been very coy in describing SageOne and it appears likely that they’re managing expectations by keeping the SaaS based service geared to the very small entry level company. Separately Sage UK have announced plans to move SageOne upstream to mid-market customers by adding more features.
This could evolve into Sage’s sleeper mid-market pure SaaS offering though it will more than likely remain as a Sage 50 level competitor. The product has been spotted in retail Staple’s outlets where potential customers can pre-pay for a year’s worth of service at point-of-sale.
Sage Introduces Bank Integration, Simpler Interface to Sage One as Customer Feedback Continues to Drive Enhancements
ATLANTA (May 14, 2013) – Sage North America today unveiled several new time-saving features for Sage One. Developed on a global technology platform that can be efficiently and effectively tailored to local market needs in the U.S, Sage One combines accounting with invoicing, project, task, and time management functionality to address the unique needs of entrepreneurs, start-ups and small businesses. The new features announced today were developed in response to customer feedback and enable Sage One to meet market demands while delivering a positive user experience.
One of the main new features, bank integration, works with more than 10,000 banks and financial institutions. Users can select and link as many bank accounts and credit cards with Sage One as they wish and may reconcile transactions and apply payments against customer invoices in Sage One. Bank integration eliminates the time-consuming task of manually entering or updating payment information.
“Managing and tracking cash flow is a challenge for many time-strapped entrepreneurs,” said Henry Benamram, general manager, Sage One. “Bank integration with Sage One further simplifies accounting and business management for entrepreneurs. Rather than keying transactions and trying to determine spending and balances from multiple sources, business owners relying on Sage One can see their accounting, projects, tasks and now banking, all in one place.”
Sage One has also simplified its user interface and incorporated features, such as recurring transactions and accounts payable, to streamline and automate typical financial management processes. Users can now easily perform tasks such as entering and categorizing vendor bills for tax purposes. Payables enhancements include the ability to set up recurring transactions for predictable expenses, such as a loan payment. The new features support bills with multiple line items, each with a different expense category, automating accurate cash flow tracking.
Introduced in the U.S. in May 2012, Sage One helps entrepreneurs manage their income and expenses with a simple, easy-to-use online accounting solution that includes invoicing, project and task management and sharing features that streamline and automate manual, time-intensive business management processes. Integration with Sage Payment Solutions and PayPal was launched January 31, 2013. Users can now get paid faster by generating an invoice in Sage One that contains a link that allows their customers to immediately pay the invoice online with a credit card or PayPal account.
Sage One is celebrating its first anniversary in the U.S. with a special promotional monthly rate. In honor of the app’s first anniversary in the U.S. market, the $29 subscription fee has been lowered to $24 per month for 12 months, and existing customers who are not on a discounted rate will be given the new lower monthly rate automatically. Subscribers who sign up for this promotional rate will have full access to the product’s features and benefits, including unlimited access to live support, through phone, chat or email. For more information, please visit: SageOne.com
About The Sage Group plc
Sage Group plc is a leading global provider of business management software to small and medium sized companies, creating greater freedom for them to succeed. Sage understands how and why each business is unique. We provide products and services that suit varying needs, are a pleasure to use and are secure and efficient. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and entered the FTSE 100 in 1999. Sage has over 6 million customers and more than 13,380 employees in 24 countries covering the UK & Ireland, mainland Europe, North America, South Africa, Australia, Asia and Brazil. For further information please visit www.sage.com
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