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I suspect that Sage's numbers for this fiscal year

Jeff Schwenk

Jeff Schwenk09-26-2012 19:03

Therese Logeais

Therese Logeais09-26-2012 19:10

Jeff Schwenk

Jeff Schwenk09-26-2012 19:27

  • 1.  I suspect that Sage's numbers for this fiscal year

    Posted 09-26-2012 15:27
      |   view attached
    I suspect that Sage's numbers for this fiscal year will be below last year's. If Sage drops an October Surprise on us this year like it did last...it's their own billing systems and payment processing.

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    sage_renewals_issues.pdf   10 KB 1 version


  • 2.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-26-2012 15:37
    Sadly, I have the same story... We'll have to chat...


  • 3.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-26-2012 16:42
    While it's entirely possible Sage's revenues will be down - don't forget they are still reaping the benefit of boosting everyone's minimum support agreement fee. I suspect that carries them this quarter and another two before the results are comparable and they have to stand on either true growth or another price increase. The whole renewals and Atlas system issue are a continuing sad story.


  • 4.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-26-2012 17:04
    And in the mean time, peoples credit card information is stored where until it's used?...


  • 5.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-26-2012 17:22
    In my mind I think of Sage as having a team of people who do nothing but financial forecasts based on what-if analysis of increased fees. I'd be willing to bet that they can probably do ok with low or flow new customer acquisitions based on a spreadsheet model that takes into account maintenance level % increases.


  • 6.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-26-2012 18:22
    I second that @JohnBroadfoot - it was a little alarming how quicly the service clerk I'd called with the original cc info was able to locate it second time, a week later.


  • 7.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-26-2012 18:28
    Sorry @ThereseLogeais that you've had a similar experience - yes let's talk, but I think we'll need a bottle of wine to start... @WayneSchulz it's more than just boosting min. support fees that will drag down the number of customer renewals - don't forget with the (new) certification requirements for partners, the change in how certification is paid for (one flat fee all the classes you need) so lower revenue for SageU, then add to it the number of potential resellers that didn't get certified, so that's an added lose of reference/partner fees.


  • 8.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-26-2012 19:03
    ONLY one bottle of wine?


  • 9.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-26-2012 19:10
    Okay @MoiraGoggin maybe two...


  • 10.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-26-2012 19:27
    Make sure they are magnum size!


  • 11.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-26-2012 20:19
    @ThereseLogeais, two maybe three magnums as @JeffSchwenk suggested and btw Jeff, I did say to start... So Therese I'm buying.


  • 12.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-27-2012 04:45
    I looked on Sage's shareholder site - looks as if December 5, 2012 is when they'll report their interim year results. http://www.investors.sage.com/news/financial_calendar/?year=2012


  • 13.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-27-2012 10:26
    Interesting. So we may not have an October surprise but rather a holdiay gift?


  • 14.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-27-2012 10:42
    Yes ... the holiday gift will be a slashing of tier margins. Ho Ho Ho mother f**kers.


  • 15.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-28-2012 20:32
    I think the backlog of requests is BS. Yes I agree the last few days have probably been a little busier with more people taking advantage of promos and partners pushing orders through who trying to make tier. But I think the real backlog is because I hear SAP has been down several times and from i was told this afternoon they have been out of the system since Thursday morning. They could not even provide me a statement of my account or take a credit card payment. I bet there will be some sage employees working this weekend!!


  • 16.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-29-2012 11:07
    Agreed, it is BS, @JohnnyPabian. The partner & client renewals used to be mailed, nearly two months in advance of their due date. I'm all for emailing them instead just email them at least - it's ridiculous that partners have to beg for billing then beg to process payments. So SAP's been down - oh, boo hoo. Every partner out their knows that we'd have lost a client by long before now if our solution and service caused as many pains and down time as this solution has for Sage. We'd probably be sued by now. Sage is looking like fools with this poor implementation. It begs the question, why hasn't Sage thrown SAP under the bus yet? I smell a rat.


  • 17.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-29-2012 12:05
    I have wondered the same Moira. By simply accepting this horseshit situation, they raise a lot of questions. My guess: they bought the software and insisted on doing the implementation on their own. That's why there is no lawsuit or throwing SAP under the bus. My opinion only.


  • 18.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 09-30-2012 02:54
    Sage doesn't want a public lawsuit to raise the question of why Sage 'uses a competitor and not their own software'. It's also possible and perhaps likely that the partner portal is a small part of the implementation. At Summit Sage talked about the strategic importance of their SAP system to hold and link together a lot of customer info and recurring billing.


  • 19.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 10-02-2012 06:38
    Very interesting. Just received some Business Care renewal invoices for clients that renewed (expired) last week. The invoices were dated 10/1/12! Did Sage NA make their ""nut"" so they are able to roll these renewals into the new year or does it really matter since Sage UK is on a 3/31 year end?


  • 20.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 10-02-2012 06:53
    I thought Sage UK was on an 09/31 year end same as Sage NA.


  • 21.  RE: I suspect that Sage's numbers for this fiscal year

    Posted 10-02-2012 07:01
    Peter, you've discovered Sage's real issue: their year-end is on ""9/31""!