Sage Live is a web-based and mobile ready accounting platform for small and mid-sized businesses. Key features include multi-company, multi-currency, and multi-legislation support, personalization based on user role, bank integration, and accountant online access.
The system can be used to create and send invoices, accept payments, pay bills, and record receipts and sales all from within a platform accessible from anywhere with Internet connectivity.
The suite includes a core accounting module with integrated applications to manage billing & invoicing, fund accounting, expenses, work orders, budgeting, forecasting, and reporting. Third party applications are also available for time tracking, job management, and project accounting, and the system integrates with Salesforce CRM for no additional charge. Sage Live is compatible with numerous devices, including Apple Watch and iPad.
Aaron from DeRosa Mangold Consulting, Inc.
Employees number: 2-10 employees
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.
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.
You can be as mild or as wild as you want with Live. Because of the templates they have, they can fit you into a pre-defined box that will keep you out of trouble if your are a small business, simple, or inexperienced. However, this is an open database so you can theoretically do whatever you want. If you have someone on staff who likes to tinker (and you give them the access), you will want to make sure they document everything they change, as you can really screw up the workflow if you don't know what you're doing. Users can be posting transactions to accounts you don't want them to and by the time you catch it your books are way off. An open database is typically what you get with document management or CRM, and that's fine because you aren't dealing with accounting records. With accounting, you want to be careful because there are rules you're supposed to follow and laws you have to abide by. You can have everything locked down nice and tight with Live, but if you choose to customize it just make sure everything is well documented.