BusinessCompany NewsSage says its iXBRL product is a success

Sage says its iXBRL product is a success

Financial software giant says more than 1,500 customers downloaded its iXBRL product in five days

NEW ONLINE TAX TECHNOLOGY has seen Sage customers download software in their droves.

Five days after the introduction of new iXBRL tax technology, more than 1,500 Sage customers downloaded the software.

From 1 April all corporation tax must be filed using new internet-based tagging technology, iXBRL.

Earlier this year it was revealed Sage would be unable to make the deadline and was due to supply an interim product from a third party.

However, in February the company announced an about-turn and ditched the third party suppler in favour of its own product “iXBRL Tagging”.

The company said take up of the software has been successful with more than 1,500 customers downloading it by 5 April. However, it was unable to supply information as to what percentage of its customer base this represented.

Jayne Archbold, (pictured) managing director of Sage’s Accountants’ Division, said: “The reaction to our iXBRL-enabled Sage accounts production software has been fantastic.

“Once people had a chance to see how easy the technology is to use and to have a go with it themselves any concerns they may have had quickly evaporated.”

For more company information visit the Share Price Centre

Related Articles

Strong revenues for Xero as it pins down UK market

Accounting Software Strong revenues for Xero as it pins down UK market

2y Fraser Simpson, Reporter
Accountex: Making tax digital and the power of cloud

Accounting Software Accountex: Making tax digital and the power of cloud

2y Fraser Simpson, Reporter
Profits up for Sage as it buys stake in software firm

Accounting Software Profits up for Sage as it buys stake in software firm

2y Fraser Simpson, Reporter
Sage shares jump as subscriptions drive strong financials

Company News Sage shares jump as subscriptions drive strong financials

3y Kevin Reed, Writer
EY wins £2m Sage audit contract

Accounting Firms EY wins £2m Sage audit contract

3y Naomi Rainey, Writer
Ex-Sage CEO & FD joins Wandisco as chairman

Company News Ex-Sage CEO & FD joins Wandisco as chairman

4y Rachael Singh, Writer
RTI legislation drives growth at Sage

Company News RTI legislation drives growth at Sage

4y Rachael Singh, Writer
Sage pre-tax profits down more than half

Company News Sage pre-tax profits down more than half

4y Calum Fuller, Reporter