Around half of small businesses say they are ready to run their companies using Bots and AI, according to new global research from Sage. The research comes as Sage announces a fresh launch of cloud accounting solutions to take business builders, and entrepreneurs closer to future where accounting is invisible.
Today Sage, the market and technology leader in cloud accounting announced;
Focusing on Sage’s home market, Jacqueline de Rojas, Managing Director: UK & Ireland – Northern Europe, commented: “Our new Sage solutions are built to support the mobile and automated way in which our customers want to run their businesses. They are designed to empower business builders to automate back-office functions, operate with mobility in mind and live in a world where there is virtually no finance admin. Busy business owners want 'invisible accounting'.”
New products launched in the UK & Ireland include:
The new products work alongside UKI’s existing cloud products:
The AI revolution
Over 1 million new customers have followed Sage to the cloud, resulting in a 46% increase in subscription relationships. Today, Sage announced that the first accounting chat bot Pegg now has over 20,000 users in 110 countries, and outlined how it was responding to this move to mobile, live, cloud accounting that integrates with AI technology.
Following market research conducted by Sage, which showed that 64% of small business owners would welcome “invisible accounting”, Sage announced its commitment to providing business builders and entrepreneurs with just that by 2020.
Sage CTO, Klaus Michael Vogelberg said “Because entrepreneurs don’t go into business to manage taxes and admin, our vision is to create a business environment for entrepreneurs where these tasks are invisible by 2020, freeing up business builders to follow their dreams.”
“Sage’s vision is to empower entrepreneurs and business owners to spend less time on administration and more time on what they love doing,” said Kriti Sharma, Vice President, Bots and AI at Sage. “Artificial intelligence is the answer for solutions to the everyday pain points people are facing now. Our work at Sage allows us to leverage the latest advances in technology against the immediate challenges our customers facing today.”