The new platform, Sage Business Cloud, will feature several functions including small business accounting, financial management, enterprise management, payroll, and banking, with the option for add-on applications for specific company needs.
The cloud-based platform has been made available in the US, UK and Canada since 10 October, with Sage set to roll it out to Australia over the rest of the year.
“Businesses of all shapes and sizes need products that aid productivity, enable them to respond at lightning speed and deliver insights as well as opportunity,” said Sage chief executive Stephen Kelly.
“Sage Business Cloud is the next transformative wave of business software. As the fourth industrial revolution continues to take hold, we want to make our customers' lives simple.”
The cloud-based platform will also include artificial intelligence and machine learning, according to Sage VP of artificial intelligence, Kriti Sharma.
“Artificial Intelligence is already helping us in our everyday lives by reducing the burden of administrative tasks and enhancing the performance of the workforce,” said Ms Sharma.
“Today, we are embedding AI and machine learning into Sage Business Cloud, so users can increase productivity at any point in the business journey.”
Sage’s product launch follows recent acquisitions including cloud financial management company Intacct, human capital management company Fairsail, and analytics and benchmarking company Compass.
Jotham Lian is the editor of Accountants Daily, the leading source of breaking news, analysis and insight for Australian accounting professionals.
Before joining the team in 2017, Jotham wrote for a range of national mastheads including the Sydney Morning Herald, and Channel NewsAsia.