Integrated cloud-based accounting solution for SMBs
3.2/5 (14 reviews)Sage Live is an integrated cloud-based accounting solution which helps businesses to automate financial recordings and streamline accounting activities. Sage Live is a web and mobile enabled solution which can be accessed from anywhere, anytime. The solution fully integrates with third party CRM solutions including Salesforce to access every business data from one central place and seamlessly exchange information across applications.
With Sage Live, users can receive live news feeds and notifications directly on any device, including mobile phones. Users can drill down to any historical information stored within the system and generate real-time insights. Sage Live allows for general ledger customization and separate ledgers for territory, team, and projects. The live dashboard feature enables real-time KPI (key performance indicator) monitoring. Users can log into their dedicated accounts from any device and view financial records, share invoices, submit bills, send spend requests and more.
Sage Live offers multiple report templates that can be branded and customized with company logos for business reporting. These templates can be used to generate ad-hoc and periodic reports for tax filing, annual reporting and auditing purposes. A central administrator can configure rules for software usage and set performance indicators for each user whilst iPad & iPhone users can track their accounting operations via Sage Live native mobile apps. Other features include enterprise social networking, US finance compliance management, bank integration and multiple account consolidations. The solution is suitable for small and midsize organizations looking for a scalable cloud-based accounting solution for their business.
Cons
It has only been around for 3 years, so it's not as fully developed as some more mature offerings out there. They are adding new stuff all the time but you might find some features missing that you are used to.
Pros
Sage has so many features! We use it for inventory, invoicing, accounting and much more!
Our team can look up our parts, customers and jobs quickly and easily
Cons
It requires training to learn. You have to know what you are looking for and learn where Sage stores that information.
We have had issues with multiple users adding inventory numbers. It doesn't automatically catch them.
Pros
Speaking from a non-finance position, this tool has been very helpful to allow my staff to easily track all of our financial operations. I enjoy the clear, and simple printouts to give me a snapshot of specific accounts or our overall financial picture.
Cons
The software itself works great in a silo. I have had some trouble trying to link it with some non-profit donor tracking software which has meant double entry rather than a smooth sharing of information between systems.
Pros
It works great for small firms and can scale up as the company does. It takes away the need to set-up a separate server to host all of the accounting, CRM and financial that we need, so that’s a huge plus. Customer service can be easily reached and are data always more than helpful, even for simple questions that new users tend to have.
Cons
Payroll and some of the reporting can be a headache, but I suppose it could be that I’m just not using some of the features correctly. There’s still a lot I need to learn about the product, but the positive aspects definitely outnumber the negative ones ,
Do not take the sales video/demo as something you can achieve on this product. They are nearly three years in with the product and it is not fit for purpose.
Pros
When they finish the product it will be great. Do not consider purchasing this until they have or you have a fulltime salesforce developer within your finance team.
Cons
The worst customer support I have ever experienced in 20 years of software support. Not fit for purpose.
They release "upgrades" each month that they have clearly haven't tested as large parts of functionality stop working once they release it. It takes several weeks each month to firefight and fix these problems before they release another update and inevitably another part of the system goes wrong.
Sage Live Starter Pack, $350 per month, billed annually
Starter pack includes 2 Full Users and 6 Operating User Licenses
Additional Full User ($110 per month) and Business User ($35 per month) Licenses are available.
• Sage Live helps businesses to streamline their entire accounting operations and minimize manual recording efforts.
• The solution fully integrates with Salesforce CRM and other business apps for the seamless exchange of financial information across business applications and the elimination of redundant data inputs.
• With a centralized dashboard, Sage Live offers a complete 360-degree view of every financial transaction with the capability to drill down to a specific transaction.
• Sage Live offers global accounting tools including multilingual and multi-currency support, which allow businesses to record and process multiple global transactions simultaneously.
• Businesses can create and send invoices directly using the software and can also export receipts in multiple file formats for recording and auditing purposes.
Below are some frequently asked questions for Sage Business Cloud Financials.
Sage Business Cloud Financials offers the following pricing plans:
Starting from: US$350,00/month
Pricing model: Subscription
Free Trial: Available
Sage Live Starter Pack, $350 per month, billed annually
Starter pack includes 2 Full Users and 6 Operating User Licenses
Additional Full User ($110 per month) and Business User ($35 per month) Licenses are available.
Sage Business Cloud Financials offers the following features:
Sage Business Cloud Financials has the following typical customers:
Mid Size Business, Small Business
Sage Business Cloud Financials supports the following languages:
English
Sage Business Cloud Financials has the following pricing plans:
Subscription
Sage Business Cloud Financials supports the following devices:
iPhone, iPad
Sage Business Cloud Financials integrates with the following applications:
Cloud Elements, Deliverable, Expensify, Financial Services Cloud, Panintelligence, SkuVault, SphereWMS, SynergySuite, Teamleader, Workato
Sage Business Cloud Financials offers the following support options:
FAQs, Online Support, Phone Support, Video Tutorials
Built on the Salesforce platform so it can handle any number of users. Sage has initially targeted the small business segment with Live, however it is just as good for mid-market or enterprise. Consider the following features:
Capable of handling 1-1000+ users.
SAAS (hosted and browser-based) so no software to install. No server needed.
Multi-Company consolidation
Inter-Company transactions
Dimensional accounting
Multi-Currency
Multi-Language
Purchase Requisition/Approvals and Workflow
Easy setup but can be configured as complex as you want, it's a very open database if you choose to use it that way
Open API, integrates with many other web-based apps
Well integrated with SalesForce
Tablet and iPhone/Android apps
These types of features are typically only available in enterprise level software like Intacct, Acumatica, Financial Force, X3, NetSuite, Oracle or SAP. You won't find this in Quickbooks, Freshbooks, Xero, Sage 50 or any other entry-level system. There's always been Microsoft Dynamics, Sage 100/300/500, Epicor, Infor and others, but those aren't true cloud based/browser based systems, nor are they inexpensive. What's unique about Sage Live is that they've priced it to be affordable for most companies - starts at monthly for 2 users and 1 company. 2 users and 100 companies is only $$$d/month. That is ridiculously less expensive than the other enterprise level systems out there.
You can certainly use Sage Live as a small business, but the nice thing is that as you grow you can stay on the same system and not feel the need to change. If you are a mid-sized or large company, you owe it to yourself to take a look at Live before you make a decision on spending lots more money for perhaps the same thing.