Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses, announced a major step forward in the development of connected accounting at its Partner Summit, LV23. The next evolution of Sage’s digital network, known as Sage Network, seamlessly automates workflows between businesses regardless of whether they use Sage or non-Sage accounting software.
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Sage Network revolutionizes the way that businesses transact by connecting diverse accounting systems together to automate workflow between businesses. The advanced automation offered by Sage Network eliminates the need for manual data processing between companies, thereby enhancing data accessibility to support better decision-making regarding the use of working capital. Through strategic investments and partnerships fuelling its ongoing evolution, Sage Network will refine automated data flows, introduce innovative solutions, and cultivate enriched customer experiences.
Sage Network is also a unique environment for the creation and deployment of ground-breaking applications, equipping third-party developers with universal APIs across various accounting software ecosystems. With access to the large market of Sage customers, as well as companies in the other accounting ecosystems, Sage Network creates opportunity for new and innovative solutions to enter the market.
Embracing AI
Pioneering innovation in the AI era, Sage Network utilises AI to assist in workflows by suggesting a plan of action or next best activity that optimizes key outcomes like collections or payments.
Built on data ethics and principles, Sage Network reflects Sage’s values, by promoting confidence and aiming to be the trusted network for SMBs. With access to AI and Machine Learning capabilities, automation of AR and AP processes and to real-time financial data, Sage Network will further help the industry to automate accounting workflows.
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In addition, Sage Network will adopt generative AI to further enhance productivity and elevate human work by taking away mundane repetitive administration tasks from workers that impact their productivity and giving them time back to focus on more complex and strategic tasks.
Streamlining the Sage Network portfolio
As part of the strategic vision for Sage Network, Lockstep, an essential component that was acquired in 2022, will now be a core part of Sage Network. However, the solutions developed within Lockstep will be rebranded and incorporated into the comprehensive suite of offerings provided by Sage Network.
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