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Start Hiring For FreeMost SMB owners would agree that managing finances with traditional desktop software can be cumbersome.
However, solutions like Sage 50cloud aim to blend the familiarity of traditional accounting with the accessibility of the cloud.
In this Sage 50cloud review, we'll explore its core accounting capabilities, inventory features, reporting tools, security protocols, integration options, pricing, and more to help you determine if it's the right fit for your SMB's financial management needs.
Sage 50cloud is a popular cloud-based accounting and financial management software designed for small and medium-sized businesses (SMBs). It combines the functionality of traditional desktop accounting software with the accessibility and collaboration benefits of the cloud.
Sage 50cloud offers core accounting capabilities such as managing income and expenses, tracking accounts receivable and payable, processing payroll, and creating financial statements. It is tailored for SMBs across industries like retail, distribution, manufacturing, healthcare, accounting firms, and more. With anytime, anywhere access via the cloud, real-time collaboration, and integration with other business applications, Sage 50cloud aims to streamline financial operations for SMBs.
Some key features and tools Sage 50cloud provides for financial management include:
By centralizing financial data and processes in the cloud, Sage 50cloud gives SMBs enhanced oversight into the health of their business.
Using Sage 50cloud offers SMBs several advantages such as:
With features purpose-built for SMBs, Sage 50cloud enables better financial management, informed decision making, and growth.
Sage 50cloud offers robust core accounting capabilities to manage key financial processes.
The general ledger module provides tools to:
With Sage 50cloud's general ledger, businesses can closely monitor financial performance with real-time reporting and analytics. The system automates routine accounting tasks, freeing up time for strategic planning.
Managing accounts receivable is streamlined in Sage 50cloud through features like:
By centralizing AR data, Sage 50cloud makes it simple to bill customers, collect payments faster, and minimize bad debts. Users also gain visibility into receivables aging and customer credit status.
Key capabilities for managing vendor bills and payments include:
Automating payables eliminates manual processes while enhancing visibility and control. Users can optimize cash flow, capture early payment discounts, and make data-driven spending decisions. Integrations with popular small business credit cards also simplify expense tracking.
With its robust accounting functionality and cloud accessibility, Sage 50cloud empowers growing businesses to manage finances more efficiently. The system blends the stability of traditional accounting software with the flexibility of the cloud.
Sage 50cloud provides robust inventory management capabilities to help businesses track stock levels, maintain optimal inventory, and reduce carrying costs. Key features include:
With Sage 50cloud, businesses can closely monitor their inventory to minimize waste, improve cash flow, and ensure adequate stock is on hand to fulfill orders and meet customer demand.
Streamlining order fulfillment is critical for delivering exceptional customer experiences. Sage 50cloud equips businesses with sales order processing tools such as:
By automating and customizing the sales order workflow, companies can fulfill and invoice customer orders more efficiently. This accelerates cash flow while also strengthening customer relationships.
Sage 50cloud gives businesses command over their spending by automating and tracking all purchases made. Key purchasing capabilities include:
With robust PO tools, companies gain visibility into expenditures to make smarter purchasing decisions. Automation also minimizes manual tasks so staff can focus on value-added activities.
Sage 50cloud comes with several built-in reporting tools and customization options to help businesses gain valuable insights into their finances.
Sage 50cloud includes over 80 standard financial reports out-of-the-box, covering areas like:
These pre-built reports require no set up and allow users to quickly analyze common metrics for cash flow management, identifying growth opportunities, monitoring accounts, tracking inventory, and more.
Users can customize the standard reports in several ways:
In addition, Sage 50cloud offers a custom reporting wizard to build new reports from scratch for specialized reporting. Custom reports can combine data from multiple areas into one consolidated report.
To help managers zero in on critical metrics for decision making, Sage 50cloud provides personalized dashboards. These dashboards allow you to:
Common KPIs relate to financial metrics (revenue, expenses, profitability), customer metrics (new customers, sales by customer) inventory metrics (stock levels, inventory turnover rate) and employee metrics (sales per employee).
With the ability to track KPIs specific to your business and receive alerts, Sage 50cloud empowers managers to stay on top of critical numbers and make data-driven decisions.
Sage 50cloud prioritizes data and system security through various access controls, encryption methods, and compliance certifications.
Sage 50cloud implements role-based access control policies to restrict user permissions. Administrators can configure granular settings to limit employee access to sensitive financial data and core system functions. Common access roles include:
These predefined roles simplify access management as the business scales. Admins can also create customized roles to match specific team responsibilities.
All Sage 50cloud data is encrypted in transit and at rest using 256-bit AES encryption. This business-grade standard prevents external parties from accessing confidential company and customer information.
Localized encryption keys further secure data by ensuring it can only be accessed on authorized devices. Sage also employs strict physical security and cybersecurity protocols to protect servers and data centers against unauthorized access.
Sage maintains several regulatory certifications that validate its internal controls, security posture, and privacy policies:
These certifications offer peace of mind and validate that Sage has undergone independent audits to verify their security and compliance controls meet rigorous standards. Customers can request compliance reports to satisfy their own regulatory requirements.
Sage continues investing in advanced security features like multifactor authentication, automated threat detection, and unified auditing/reporting to ensure customer data remains protected as new risks emerge. The layered controls and emphasis on financial compliance makes Sage 50cloud a trusted choice for secure cloud accounting and financial management.
Sage 50cloud is built on a robust cloud architecture that provides high availability, security, and scalability. It leverages Microsoft Azure's global data center infrastructure to deliver fast performance and built-in redundancy.
Some key aspects of the cloud infrastructure include:
99.9% uptime SLA: With data centers across the globe, Sage 50cloud offers maximum reliability and continuous operations.
Regular updates: Software updates are delivered automatically without any system downtime required. This keeps the software up-to-date with the latest features and security enhancements.
Secure data encryption: All customer data is encrypted in transit and at rest using AES-256 bit encryption. This prevents unauthorized access to sensitive financial information.
Role-based access control: User permissions and access can be precisely configured based on roles like Accountant, Bookkeeper, Sales Rep etc. This improves security and accountability.
By leveraging the cloud, Sage 50cloud combines the accessibility of the web with industrial-grade stability, performance, and protection.
Sage 50cloud offers a web API that enables seamless integration with hundreds of third-party applications. The API allows external programs to access Sage 50cloud data and functionality programmatically.
Some ways the web API facilitates customizations and connectivity include:
Automated data exchange: Sync Sage 50cloud data like customers, products, invoices etc. with other business systems automatically in real-time.
Custom reporting: Build custom reports or dashboards using Sage 50 data as required for tailored business insights.
Workflow automation: Streamline repetitive tasks like invoice generation, customer reminders etc. by connecting them to triggers in Sage 50cloud.
Integrated apps: Embed third-party apps directly within Sage 50cloud for a seamless user experience via single sign-on.
With comprehensive documentation and sample code provided, Sage 50cloud's API enables developers to tap into Sage 50cloud's capabilities for deep integrations tailored to specific business needs.
Sage Marketplace offers over 200 apps that integrate seamlessly with Sage 50cloud to add functionality ranging from payroll automation to warehouse management. Some popular apps include:
Bill.com: Automate bill payment workflow including bill capture, approval routing, and cheque or ACH payments.
Expensify: Streamline corporate expense reporting with automated mileage tracking, receipt scanning, and approvals.
ShipStation: Easily manage multi-channel ecommerce order fulfillment with over 90 shipping integrations.
Paya: Handle payroll, taxes, payments and filings for W2 employees and 1099 contractors.
The apps integrate tightly using Sage 50cloud's API for a unified user experience. This allows businesses to build a customized technology stack tailored to their unique industry, location, and compliance needs on top of a solid Sage 50cloud foundation.
Sage 50cloud offers three main pricing plans to meet the needs of different business sizes and budgets:
All plans include unlimited customer support and free access to Sage Drive cloud storage. Higher plans have more robust features, customization, and scalability.
Sage 50cloud uses two licensing models:
Concurrent licensing costs more upfront but allows businesses to scale teams efficiently. For small teams, named user plans tend to be more affordable.
Other fees to consider with Sage 50cloud:
Sage 50cloud keeps its base plans affordable but offers paid customizations for larger complex needs. Understanding all the variables that influence total licensing costs allows an informed buying decision.
The onboarding and setup process for Sage 50cloud is designed to be quick and easy for new customers. After signing up for an account, you will be assigned a dedicated implementation manager who will walk you through the entire process.
The first step is data migration. Sage 50cloud can import data from over 100 accounting systems, minimizing manual data entry. Your implementation manager will assist in mapping your existing data to Sage 50cloud.
Next, you will receive training tailored to your organization's specific needs and use cases. This can be delivered virtually or onsite. Training covers core product functionality, customizations, integrations, and best practices.
The final step is deployment across your organization. Sage 50cloud offers flexible options including cloud, desktop, or a hybrid model. Your implementation manager will ensure a smooth rollout and be available to troubleshoot any issues.
Sage 50cloud provides several support resources:
You can also purchase a support plan for access to a dedicated customer success manager for account management, product updates, feature requests, and escalated issue resolution.
Sage 50cloud offers both online and live training courses for end users and administrators.
Online self-paced courses allow users to learn on their own schedule. Short video lessons cover accounting basics, software navigation, core modules, customization, and more.
For more personalized training, Sage 50cloud provides private virtual or onsite sessions with a qualified instructor. These sessions can be tailored to your organization's specific workflows and objectives. Ongoing refresh courses are also available.
Training costs are included for the first year. After that, you can purchase discounted bulk training packages based on the number of users.
Sage 50cloud offers several key strengths, including:
Potential limitations to weigh with Sage 50cloud include:
Sage 50cloud works optimally for small to medium businesses in services, retail, distribution, manufacturing, and nonprofit industries that want an affordable and secure cloud accounting solution that integrates with Microsoft Office. It's a good match for leadership teams seeking collaboration capabilities and on-the-go mobile access to financial data. Companies that handle inventory management and project costing needs may find Sage 50cloud has sufficient features and integrations to support their workflows.
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