Sage acquires carbon accounting software solution from Spherics

Sage announces the acquisition of a carbon accounting solution spherical, as part of the company’s approach to sustainable development. The solution is marketed primarily to small and medium-sized businesses.

UK-based Spherics software automates the process of calculating emissions by ingesting data from a customer’s accounting software and matching transactions to emission factors to create an initial estimate of their carbon footprint. The software then guides the client to refine this estimate by submitting additional data for a more accurate calculation. It also helps users apply carbon emission factors to supply categories (such as delivery, accommodation, electricity, and travel) to estimate the carbon footprint associated with a transaction. This approach supports clients with spend-based analysis and aligns with the Greenhouse Gas Protocol, the globally recognized standard for measuring carbon emissions.

“We know that SMEs care about the impact they have on the environment, and our research shows that they want to work with suppliers and partners who can help them understand and deal with it,” said Amaya Souarez, executive vice president of cloud operations at Sage. , in a report. “The acquisition of Spherics represents an important step in our sustainability strategy. By combining Spherics’ innovative software with Sage’s digital network, we are connecting companies to their customers’ and suppliers’ emissions data, enabling climate action. simple and collaborative across value chains, which contributes to reducing carbon.”

Spherics will continue to be available as an off-the-shelf solution that integrates with Sage and other UK accounting software providers.