Mentors Unlocked is starting a series on different ERPs. The objective of this series is to provide information on different ERPs. We had talked about different ERPs available in Indian market in our blog ( https://mentorsunlocked.com/erps-in-indian-market/ ) In this series, we shall take a deeper dive in one of ERPs, Today we shall talk about Sage 300
Sage was started as a limited accounting software in 1981 by David Goldman in UK. It quickly grew in size and today it has over 13,000 employees and presence in over 23 countries across the World. They have multiple products and versions for Accounting, HRMS, ERP and CRM both on Cloud and On-Premise. Today it is one of the largest supplier of ERPs, in the world, for SME segment.
The company has variety of business solutions available based on size of the business and nature of business. For example, it has payroll processing and Sage HR, Sage People for Human resource management, It has Sage50, Inacct for accounting and Sage 200 cloud, Sage 300 and Sage X3 as ERPs.
In India, it has launched only one product, Sage 300 to suit needs of small and medium sized enterprises. It has more than 5000 live instances in India. The software can be hosted on cloud. Sage 300 boasts of more than 100 plug-in modules. The Base constitutes of modules like System Manager, GL/AP/AR, Sales, Purchase and Invoicing. Over this base, as per specific requirements of customer, add-on modules such as Manufacturing, Project Management, HR, Asset Manager can be plugged-in. It also allows plug ins for additional functionalities like service manager, revenue and expense deferrals, lot and serial tracking, and bar-coding solutions etc.
It has India localization built-in which takes care of mandatory functionalities like e-invoicing / e-way-bill / GST / financial reporting etc. It also can work on multi-company, cross-currency and cross-period setups. The built in Smart BI tool with in Sage allows generation of customised reports and provides reports in user friendly formats. This eliminates need for building external data warehouse or need to layer other BI tools over the ERP platform..
Like any other top of line ERP, it can be configured to integrate different functions. For example, in manufacturing, it can help you with managing Make-to-Order and Make-to-Stock processes with modules for purchases, order processing, management of WIP, tracking Stock and material consumption and with order costing. The Distribution module has access to inventory levels and statistics, Integrated access to invoice, sales order, and shipment orders from single screen. It can help you generate purchase order from a sales order, automatic re-order functionality and control large-batch processing system by creating GL batches or using end-of-day processing.
Sage handles data for multiple companies, subsidiaries, and business units. Sage 300 is available in Cloud-compatible version however, cloud hosting has to be separately procured and managed (in India). Licensing is based on a hybrid model of base system (which includes base software and plug-in modules) and concurrent user licenses. The software is mobile friendly however needs to be accessed through Web-browser (No Mobile App).
The TCO (Total Cost of Ownership) can vary from 4-5 Lakhs to 60-70 Lakhs depending on business complexity and number of users. The recurring license cost may be up to 20% of the initial cost of licenses. It works on a model with flexible software editions, modules, databases, payment choices, and deployment methods, which makes it easier for a user company to scale it up based on its needs and budget, there by reducing its total cost of ownership.
The Instances of SAGE300 are present in India across industries like Trading / Manufacturing / Auto / Services / Retail / Schools etc.
In conclusion, Sage300 is right solution for growing companies which needs more than basic accounting software to manage various aspects of business, however, would like to phase-out its investment in ERP based on its requirement.