Sage has entered into a collaboration agreement (SCA) with Amazon Web Services (AWS) to facilitate artificial intelligence (AI)-driven solutions for small and mid-sized businesses (SMBs).
The agreement paves the way for the availability of Sage Earth reporting solution on the AWS Marketplace. SMBs can also utilise Sage Intacct financial management software in AWS Marketplace.
According to Sage, the agreement will significantly improve the way SMBs streamline their operations with generative AI and tackle environmental responsibilities.
The partnership will also allow Sage to extend its relationship with AWS, enabling SMBs to easily handle the complexities of modern finance and address environmental responsibilities with advanced solutions.
AWS analytics vice president G2 Krishnamoorthy said: “Deepening our relationship with Sage enables us to take a significant step together toward empowering SMBs with the tools they need to thrive in today’s digital landscape.
“The development of domain specific LLMs and integration of Sage Earth on AWS are prime examples of how we’re enabling businesses to modernise and make informed decisions around accounting, finances, and their environmental impact.”
Under the agreement, Sage will build a domain-specific large language model (LLM) for both accounting and compliance by leveraging Amazon Bedrock and Amazon Lex.
Initially, the new LLM will inform Sage’s AI-driven assistant, Sage Copilot, and establish a sturdy groundwork intended to empower SMBs in navigating local accounting and compliance applications.
Sage chief product officer Walid Abu-Hadba said: “This collaboration signifies a shared vision between Sage and AWS to transform accounting solutions for small and mid-sized businesses, focusing on simplifying carbon reporting and accounting for our customers and the wider business community.
“We are committed to harnessing the power of technology to drive innovation, enhance operational efficiency, and pave the way for sustainable growth among SMBs.”
Sage also has a partnership with payments technology provider Square to help SMBs grow by enabling them to take more control of their finances.