Feb 042017

PCMag has updated its rating of accounting software in an extra useful way.

First, the ratings are determined by a panel of the magazine’s community members.

Second, in addition to the ratings there is a directory of 66 products available for perusal in the category.

Sage (formerly Sage Software, the publisher of Sage 300, Sage One, Sage 50c, etc.) has won the category. SAP has lost the category. Not bad, given how it is the smallest of the top-rated companies from a revenue perspective. Perhaps it is a testament to the power of focus as Sage has been shedding product lines and trimming its portfolio in the last ten years. It also dodged a bullet when its intended acquisition of MYOB did not go through – although it did get sued for it.

While six products are listed the top contenders do not offer the buyer as many choices and make finding a top software for each market segment easier. PCMag’s list has curiously mixed products for personal use (Quicken), SMB (QuickBooks and Sage) with Mid-Market products (Microsoft) and Enterprise Solutions (SAP and PeopleSoft). Also, the two ‘swift’ products either belong or belonged to Intuit.

Top Accounting Software rating

An earlier article also provided a guide for Cloud-based accounting software.


*I used to work for Sage, Microsoft and Oracle.

Oct 182015

Sage is a UK-based software firm with annual revenues of £1.3 billion or $2.5 billion CDN.

MYOB is an Australia-based software firm with annual revenues of A$246.6 million or $230 million CDN.

MYOB is now owned by US-based Bain Capital (of Mitt Romney fame), but when in late 2011 the owners of MYOB initiated an auction to sell the firm the early winner was the aforementioned Sage. Why a legacy software firm would wish to buy another is another story, which might explain Sage brass ending up forfeiting the opportunity, but for readers interested in technology firm manoeuvers, corporate negotiations and handling of shareholders’ money or law and litigation Lexology, a website for lawyers, has a fascinating article on the lawsuit and legal deliberations that followed the tender.

The MYOB Decision

At my first law course at University the instructor and text book insisted that a handshake implies a legal agreement… apparently not.