Share
UK new customers up 15,000 (to 30,000, latest asx news) in 12 months
=1,250 a month
= 60 a day
(all from Sage?)
From memory, Australia is doing 5,000 new customers/month
=240 a day
UK + OZ new customers acquisition
= 6,250 a month
= 300 per business day, (for 250 business days)
US = ?
NZ = ?
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Sage slides on cloud accounting worries
(Analysts said Sage is facing mounting competition from rival Xero.)
By Ben Martin, 25 Sep 2013
There’s another technology player floating around in the cloud that could spell trouble for software company Sage, City analysts warned today.
Shares in (*Sage*), which supplies small companies with business software, slumped 11.6, or 3.3pc, to 335½p on concern rival Xero is taking market share from Sage in cloud accounting – services that allow companies to keep their books online and access them from any computer or mobile device.
Xero, based in New Zealand, was in London presenting to the Square Mile’s technology experts on Tuesday, and analysts at investment bank
*Morgan Stanley were impressed with what they saw.
“We attended the Xero analyst briefing in London, where Xero presented its strategic plan for the UK and global cloud accounting market, with a cloud offering that appears more developed than Sage’s in terms of global coverage, user base, scale of investment to date, integration and ease of use,”
the Morgan Stanley experts said.
“We remain concerned about Sage’s ability to maintain dominant share in this fast-growing market.”
According to Morgan Stanley, Xero said that 60pc of its new customers were lured from “incumbent accounting platforms”, which the analysts argued “illustrates the risks” companies such as Sage face.
http://www.telegraph.co.uk/finance/markets/10334770/Sage-slides-on-cloud-accounting-worries.html
Sage was a heavy faller in the FTSE 100 today after Morgan Stanley highlighted the growing threat from Xero.
(Pix)
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Xerocon London 2013 – live!
25 September 2013
..........
Global update
...CEO Rod has spent more time at Xerocon in the last month that with his family – loves it! Takes us through the technology trends: mobile, cloud and social.
“Online accounting” isn’t really a technology category – it’s about connecting.
It’s not desktop software on the web, it’s the opportunity for small businesses to connect to everything – accountants in the room are right in the thick of this – take the lead!
Our goals are to make small business more productive, improve out partners income and lifestyle & build an exciting & purposeful community
Our biggest challenge is transforming the profession. We’re working with accountants and bookkeepers to make the transition to bundled, value-based pricing. We’re working with industry and banks as leaders, to challenge how things are done and working to make process with technology smarter – for example in banking, we should be able to provision bank feeds inside internet banking, upload batch payments and process online payments.....
http://blog.xero.com/2013/09/xerocon-london-2013-live/#more-37840
