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31 Jul 2008
Sage’s dominance of the SME market for accountancy software suffered a blow this week as Tenon signed a deal to use a ‘stronger’ Microsoft offering as the basis for outsourced finance functions.
The deal comes in the same week that Sage saw its share price fall by 6.8p after analysts JP Morgan downgraded the company’s stock to ‘underperform’.
Tenon already uses Sage, but backed the Microsoft technology as better. Richard Fifield, head of outsourcing at Tenon, said: ‘Although we have a partnership with Sage online as well, Microsoft is stronger and has more offerings than Sage. The other difference between them is that through this platform Tenon can run the system ourselves, but we can’t with Sage.’
‘We are giving SMEs more choices with different functionalities.’
Sage was unavailable for comment, though Tenon is expected to continue using Sage.
The service using Microsoft will be used to offer SMEs a finance function by paying a monthly fee instead of buying an annual license.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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