Sage Software, Inc.

Sage Software, Inc.

October 24, 2006 09:00 ET

Sage Software Launches Sage BusinessVision 50 Accounting Version 7.1 for Growing Small Businesses

Canada's #1 Supplier of Accounting and ERP Solutions(1) Offers Upgrade With Improved Inventory Management, Easy ACCPAC Plus Data Conversion, and New Credit Card Processing Options

RICHMOND, BC--(CCNMatthews - October 24, 2006) - Sage Software announced today a new version of its award-winning business management solution for growing small businesses, Sage BusinessVision 50 Accounting 7.1. This latest release includes many business automation features that save time and thus make users more productive, in addition to helping reduce errors and simplify inventory management. Among the new features are new credit card options for point of sale (POS) transactions, and automation of many daily accounting tasks such as automatic purchase order (PO) and credit note creation, invoice duplication, and physical inventory posting. A Sage BusinessVision data migration tool for ACCPAC Plus users is also now available, reinforcing the company's "Customers for Life" commitment by making upgrading to this modern business management solution easier than ever.

More comprehensive than entry-level solutions, Sage BusinessVision 50 Accounting 7.1 provides users with all key accounting and operations modules right out of the box, including POS, PO, sales analysis, and payroll.

"Sage BusinessVision Accounting continues to provide an affordable, easy-to-use business management solution for growing small businesses that require a step above entry-level accounting applications, but don't yet require all the features or sophistication of a typical mid-market ERP application, such as Sage Accpac ERP," said Craig Downing, Sage Software vice president and general manager for Sage Accpac. "In addition to offering new features and improved performance to existing clients, version 7.1 is an easy and painless migration path for ACCPAC Plus users who need to step up from their legacy DOS-based system to a more modern business management system."

Sage BusinessVision 50 Accounting 7.1 includes new, additional automation functions such as auto-generation of purchase orders based on back orders or reaching 'safety stock' level, plus the ability to turn a past invoice into a new credit note or quote. Version 7.1 also includes the ability to suggest alternate parts when requested items are out of stock, take customer account payments from POS, and adds new credit and debit card processing. It also now provides direct deposit functionality for Canadian employees in the payroll module.

"Sage BusinessVision 50 Accounting 7.1 will provide great value to our clients," said Dale Primrose, President for PJ Business Services Ltd., a Sage BusinessVision business partner located in Calgary, Alberta, Canada. "For example, the new features in 7.1, such as auto-generation of Purchase Orders, will further enhance our clients' systems by helping to increase their productivity in purchasing and sales." Dale adds, "Version 7.1 shows Sage Software's continuing commitment to keep improving Sage BusinessVision 50 Accounting for the benefit of existing and new clients."

Sage BusinessVision -- The Perfect Fit For Growing Small Businesses

Sage BusinessVision 50 Accounting gives small businesses a comprehensive suite of business management functions that allows them to automate processes throughout their business operations, including receivables, payables, inventory, payroll, job costing, and point-of-sale, among many others. Its advanced functionality and easy to use features makes it an ideal choice for companies that have outgrown the limitations of entry-level bookkeeping software such as Intuit QuickBooks®, or for those who want to migrate from other accounting applications such as Simply Accounting by Sage, or ACCPAC Plus, because they need the broader level of accounting functionality Sage BusinessVision offers. The system is not only more comprehensive than entry-level solutions, it is affordable -- the Standard Edition includes all 18 modules, and can support five users for under $5,500 (USD)/$5,200 (CDN).

Pricing and Availability

Sage BusinessVision 50 Accounting 7.1 Standard Edition, U.S. and Canadian versions, both of which include 18 accounting and business management modules, and support either one, five or ten users, are now available through authorized Sage BusinessVision business partners across North America starting at an SRP of $3,595 (USD), $2,695 (CDN) for the one user system. The Client Server ( > 10 users), Small Business (up to three users), and Limited (one user) Editions, both U.S. and Canadian versions, are also now available, starting at SRP's of $9,995 (USD)/$8,995 (CDN), $2,495 (USD)/$1,595 (CDN), and $995 (both USD and CDN), respectively. The Client Server Edition also now includes the CustomPack, a $1,495 (USD and CDN) value, which allows users to add in custom fields, perform mail merges with customers from within the system, and assign customer specific pricing. The CustomPack can be purchased separately with the Small Business and Standard Editions of Sage BusinessVision 50 Accounting 7.1 for an additional SRP of $1,495 (USD and CDN), but is not available for the Limited Edition.

Freedom of Choice with Sage Software -- Buy or Rent

Sage BusinessVision 50 Accounting 7.1 is also available via an 'a la carte' on premises deployment subscription program. Businesses can rent the software (choosing whatever module configurations desired) for as long as they desire, with subscriptions starting as low as $85 (USD)/$49 (CDN) per month for a 3-user Small Business Edition. Subscribers receive technical support, and all updates for their system through the life of their subscription.

To locate a Sage BusinessVision business partner, call 800-945-8007, or visit www.sagebusinessvision.com.

About Sage Software

Sage Software supports the needs, challenges and dreams of more than 2.6 million small and mid-sized business customers in North America through easy-to-use, scalable and customizable software and services. Our products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of the construction, distribution, healthcare, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of The Sage Group plc, a leading international supplier of accounting and business management software solutions and related products and services for small to mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.0 million customers and employs over 10,500 people worldwide. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.

(1) to Canadian Enterprises with less than 500 Employees. Source: Joel Martin, Vice President, Canadian Enterprise Software, IDC; author of Canadian Enterprise Applications 2006-2010 Forecast Update and 2005 Vendor Shares, published October 2006.

c 2006 Sage Software, Inc. All rights reserved. All other brands are trademarks of their respective companies


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