Sage launches cloud accounting platform

Sage this month announced the launch of its new cloud accounting platform, Handisoft Cloud, which will offer firms of “all sizes” a centralised suite to manage their practices, compliance, data, analytics and clients themselves in a bid to take the heavy lifting out of compliance work and give accountants more time to offer “value-added services”.

“The reality is that the latest data we have [shows] more than 80 per cent of [accountants’] time is still spent on core compliance work, less than 10 per cent on real value-added services,” said Kerry Agiasotis, managing director of Sage Asia-Pacific.

The suite of services housed within Handisoft will offer firms integrated solutions related to practice management spanning job and task management, timesheet tracking, billing and payments, and document storage.

It also promises to make compliance easier by offering BAS and tax preparation and lodgement services, accounts preparation and reporting solutions, and company compliance and SMSF administration via BGL integration.

Mr Agiasotis said that the platform could emerge as a solution to firms that “don’t know where to start” on streamlining parts of their business and that it could even — as it has in some cases so far — offer some firms new income streams.

“More than two-thirds of firms out there don’t know where to start,” he said. “They either don’t have the capability or the experience to know how to create new services.

“That’s one of the core tenets of what we’ve done with Handisoft. It’s not just about advancing the core business compliance, it’s really leveraging all of this data that they’ve got access to, and all of these modern capabilities, reporting and analytics, and strict management interaction, to create new services.

“We’ve already got a client, for example, who has been able to monetize the reporting and analytics capabilities that we’ve provided, essentially as an add-on advisory service, to provide business insights for their clients.”

Handisoft Cloud will also enable users access to some 3,000 additional apps through its app exchange.

Speaking on the platform’s mass integration capabilities, Mr Agiasotis likened Handisoft to an app marketplace boasting numerous out-of-the-box plug-and-play options, with BGL’s integration just one of them.

“One of the frustrations [among our clients] have been, ‘Look, we really like using [other specialist apps]. But we want that to work and integrate with Handisoft. So, can you make that happen?’ And with this release, we did,” the managing director said.

“So, a client and practice management platform built on force.com is really open. And we think about this — this core client master that now integrates with any application — and that’s probably our biggest point of difference.”

Before the launch of Handisoft, much of Sage’s contact with the accounting industry had been with smaller firms and independent practitioners. But Mr Agiasotis anticipates that the new platform will see uptake among larger firms, too.

He said: “Whether you’re a small firm with a hundred clients or a large [firm] with thousands of clients, you’re going to end up having tens, or potentially thousands, of clients on all of these different systems. That management of data is a big part of it.

“So, for large firms, they can create their own workflows, they can create their own applications. And we’ve already got clients that have been doing that.”

Source:-https://www.accountantsdaily.com.au/technology/15535-sage-launches-cloud-accounting-platform

RSS Latest Press Release

  • Confort Prestige | Climatisation & Chauffage Announces HVAC Services For Improved Energy Efficiency
    TERREBONNE, QUEBEC- NOVEMBER 14, 2021- Premier heating and cooling company Confort Prestige is excited to share HVAC solutions with domestic customers in the Terrebonne area. These services aim to save customers money on their heating and cooling expenses throughout the year.   Since its debut, Confort Prestige has been committed to customer service. This starts […]
  • Hundreds of Car and Truck Parts Available from Salvage Specialist
    Morganville, NJ – When it comes to finding an auto part for a foreign or domestic vehicle, Trilenium Auto Salvage usually has the answer.   The Morganville, NJ salvage specialist has hundreds, if not thousands, of parts and components at its Tennent Rd premises available.   Trilenium Auto Salvage is one of the busiest salvage specialists […]
  • Flowsent Weed Delivery Offers the Fastest Weed Delivery Service in the Bay Area
    Bay Area, CA - As it becomes easier to get cannabis in different stores and online, weed delivery in Oakland, San Francisco, and other Bay Area cities are becoming more common. People are looking for the easiest way to get their hands on high-quality, safe cannabis, and nothing beats direct to your door.    Many […]
  • Cannamazoo Now Offering the Top Cannabis Concentrates in Michigan
    What are Cannabis Concentrates, Oils, and Extracts?   Kalamazoo, MI - You may be familiar with recreational cannabis in its usual form, but have you ever tried extracts, oils, and concentrates? Each of these forms offers unique effects and benefits that smoking cannabis flowers can't provide. Simple dosing, cleaner effects, and better taste are just […]