Sage 500 is an enterprise resources planning (ERP) solution.
Sage 500 ERP hosting is ideal for managing operations, financials, logistics, inventory and more for manufacturing and distribution businesses.While Sage 500 is designed for large enterprises, they offer solutions for businesses of a variety of sizes, industries and configurations. Sage 500 is part of Sage’s line-up of ERP solutions that include Sage 50, Sage 100 and Sage 300.
What Is Sage 500’S Story
According to Wikipedia more than 6.1 million people use Sage products around the world. The company was started in the 1980’s in Newcastle England. Stemming from what was originally called “Sage ERP MAS 500,” Sage 500 was released in the early 1990’s. Since about 2014 rumors have been passed around that Sage 500 is approaching its end of life. While Sage is no longer releasing new versions of the on-premise product, it is still supported by Sage, and is expected to be supported for several more years.
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What Is Sage 500 Used For?
Hosted Sage 500 ERP can help streamline tasks for a number of different roles in a company. The key functions that Sage 500 serves include the following
1. Financials
Many important accounting and financial processes can be automated and managed through Sage 500. Financial tools include general ledger, AP and AR, Cash management and more.
2. Manufacturing
The manufacturing module includes a number of industry leading features for manufacturing including, light manufacturing advanced manufacturing, advanced planning and scheduling, project management, materials planning, shop floor management and more.
3. Inventory Management
Sage 500 offers strong coverage of inventory management needs including supply chain automation, warehousing, catalogue management as well as sales and returns management.
4. Reporting and Analytics
Real-time data tools within Sage 500 help reporting and analytics processes across departments including drill down capabilities, kpi tracking and custom reporting. Just like Sage 300 CRE Cloud hosting .
5. Sales Management
Sage 500 offers many features that streamline the sales process. Key sales features include sales histories, shipment information, customer returns, and more.
6. Purchasing Management
This is a favorite module within Sage 500. Some of the stand out features include vendor management, reporting, freight expense allocation, receipt and invoice matching and more.
7. Human Resources and Payroll
Sage 500 includes robust human resources features including time and attendance, HR compliance and payroll management.
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