Revenue climbs as Sage builds new AI agents

SOFTWARE giant Sage has reported double-digit growth in operating profits as it says AI is opening up new opportunities for businesses.

- TOM KEIGHLEY Business writer [e-mail]

The provider of accountancy and payroll systems said it continues to scale up its generative AI assistant, Copilot, which is available to about 150,000 customers, across a range of products and can help businesses save time on manual tasks, as well as helping them to get paid faster.

Hundreds of North Tyneside-based engineers have played a major part in the development of Copilot, with Sage now plotting further agents to automate tasks across compliance, accounts payable, reconciliation and tax.

Investors on the London Stock Exchange were told the new systems include Income Tax Agent for accountants in the UK and Finance Intelligence Agent for Sage Intacct customers in the US and UK. Al is also being used internally by the FTSE 100 business, across its engineering and customer support activities.