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SAGE BUYS CARBON ACC’TNG PRODUCT Featured

 Sage has acquired Spherics, which makes carbon accounting software. The deal was announced this week at the Sage Transform conference by CEO Steve Hare

Terms were not disclosed. “This product will enable companies to use data to understand and manage their carbon emissions,” Hare said during the keynote. Spherics calculates emissions by taking data from a business’s “accounting software and matching transactions to emission factors to create an initial estimate of their carbon footprint,” according to the Sage announcement. Sage is the latest company to make a move in this arena. The Spherics website says the service starts at 9 pounds per month per onboarded supplier, about $10 at current exchange rates. Also this month, Persefoni announced version 2 of its Climate Management & Accounting Platform. That package was described as “reimagined, yet retaining its intuitive, trusted, and simplified hallmarks.” Similarly, Persfoni CMAP 2.0 automates the tracking requests for suppliers to share their emissions information. The company says the new versions asks organizations a series of questions to customize their user experience. This enables customers to perform their first-time setup for identify needed data sources and assign upload of data to individuals in a company explore the carbon footprint. It then can model scenarios and create decarbonization plans.

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