Software can aid financial reporting compliance

05.12.2005

A Web-based accounting and ERP system, the Sage ACCPAC ERP is designed to cater to the needs of small to mid-sized companies. Other than seeing a huge potential in this market, Uy said that Sagesoft prefers to cater to small and mid-sized companies because they offer a fair trade. While larger companies are perceived as the ones more willing to shell out money, most of these companies also negotiate and do big bargaining so it is a double-edged sword. 'One thing is your revenue is increasing but they are squeezing you out of your profit,' said Uy. 'With SMEs, you get fair profit, fair results, and you also help them in whatever business problems they have.'

ACCPAC ERP is also compliant with the PFRS and works across all major platforms and all major databases, said Uy. Built on multi-tiered architecture, Sage ACCPAC ERP is the foundation for an integrated suite of end-to-end business management applications, including customer relationship management (CRM), human resources management (HRM), warehouse management, electronic data interchange, (EDI), point-of-sale, e-commerce, advanced reporting, and other vertical solutions.

Priced anywhere between P250,000 (US$4,624) to several million pesos, SAGE ACCPAC ERP allows companies to pay only for what they use by choosing the applications, technology, and deployment options they need most which can then be customized and enhanced as their business needs evolve.

Sagesoft has partnered with local IT solutions provider Sigmasoft Solution to provide a personal approach to customers where they look at the client's current system, evaluate what ACCPAC modules will best suit their needs, and assist up to the implementation and post-implementation consulting.

Sagesoft also recently incorporated the Sage ACCPAC Users Club, which now has 35 member companies. 'You're not just buying the software, there is the ecosystem,' said Uy, as the club meetings, held once every three months, will provide a venue for consultation among users, especially because most small companies do not want to pay for consultancy.