Sage Group PLC, a leader in accounting, finance, HR and payroll technology for small and medium-sized businesses, today announces that it has completed the acquisition of Brightpearl, a native multi-channel retail operating system cloud for retailers and wholesalers. With the acquisition of Brightpearl, based in Bristol, UK, and Austin, TX, Sage is building on its significant technology investments for growth, as well as supporting CFOs as they digitize their operations.
The acquisition extends Sage Intacct’s value proposition, supporting customers in product-centric e-commerce organizations. Making it easy for customers to transact after clicking the buy button, Brightpearl supports merchants with a complete retail solution that enables them to benefit from:
- Reduced complexity as they can offer the same level of customer service across multiple channels and countries
- A single source of order, financial, customer, and inventory availability data to make timely decisions and optimize margins with accurate demand forecasts
- Automation for growing businesses to improve their bottom line by eliminating manual errors and unplanned costs
- The flexibility to change or adopt new B2B/DTC/B2B business models without swapping the technology stack
This will enable Sage to offer its customers end-to-end retail financial management, inventory planning, sales and order management, purchasing and supplier management, CRM, fulfillment , warehousing and logistics management.
“We have made great strides in providing the technology businesses need to digitally transform their organizations today and tomorrow. For Sage Intacct customers, the value of being part of Sage’s digital network is truly felt through the artificial intelligence technology we’ve incorporated into their toolkit to help them streamline their work and save them a valuable time, while providing their customers with an even better solution. a service.” said Dan Miller, EVP, Sage Intacct “The acquisition of Brightpearl allows us to double down on our vertical strategy to bring these benefits to retail e-commerce organizations, expanding our ability to increase the role that technology plays in the world’s leading companies.
Sage is onboarding early adopters to an integrated solution between Sage Intacct and Brightpearl. The solution will be widely available later this year.
“We have been both a Brightpearl and Sage Intacct customer for a few years now and are thrilled to see the two brands coming together.” Said Maria Gunter, CFO, BASE – Materials Sourcing and Manufacturing Experts “Clients will benefit from combining the power of Brightpearl’s e-commerce automation on the front end with the best accounting features of Sage Intacct on the back end. -end to both streamline business processes and provide the most robust financial reporting and management analysis available – we can’t wait to see what the future holds.
Sage plans to continue offering Brightpearl as a marketplace solution, giving merchants the choice of accounting modules or accounting platforms. This gives businesses a single vendor to work with, as well as access to a broader portfolio of additional Sage solutions to meet their needs.
Mickey North Rizza, Vice President of IDC, said, “Brands selling online are no longer restricted to traditional store hours. Instead, sales can take place around the clock, opening up the business to ever more customers who can shop when it suits them. For merchants, linking the point of sale to the back office will not only allow them to benefit from inventory visibility, but also to manage the foreign exchange risks associated with cross-border trade as well as unforeseen VAT and customer rights. . It’s a win-win for merchants and their customers.
In addition, Sage’s recent technology advancements for Sage Intacct customers include a continued focus on growing its team of data scientists and AI engineers to expand the machine learning infrastructure, investing in solutions innovations such as the general ledger outlier detection tool, Sage Intelligent Time, and a new predictive absence management tool. Sage Intacct also recently extended its reach with Sage Intacct CRE, a solution to support clients in construction and real estate.