Newcastle-based Sage will next month start shipping a Windows NT-based mid-market financials application capable of handling up to 16 users.
The new product, Sage CS, will cost from £10,000 for a four-user installation and is the first offering to emerge from the Sage Tetra stable, formed when Sage acquired Tetra in April.
Sage CS supports core financial functions such as sales and purchase ordering as well as a range of planning, inventory and analysis functions. Sage CS Options can be added for job costing, works order management and payroll, as well as Web-enabled software that lets users use the system over the Internet.
Sage Tetra marketing vice-president Andrew Yuille explained Sage CS was a subset of Tetra’s existing CS/3 code. ‘There is nothing technically different to C/S3, but we’ve packaged it and priced it differently,’ he said. The product has been picked up by around half of Tetra’s C/S3 resellers and the division was hoping to recruit up to 200 dealers from Sage’s network.
Yuille said Sage Tetra had been receiving more enquiries from smaller and medium-sized companies that were beginning to realise they needed to upgrade financial systems for the millennium.
By repackaging a mature product and undercutting rivals, the company hoped to maximise its revenues from a last-minute year-2000 rush. ‘It could be the right product at the right time,’ said Yuille.
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Company bosses are considering relocating operations or headquarters away from the UK following the country's decision to leave the European Union