The U.K.-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 customer to refine this estimate by submitting further data for a more accurate calculation. It also helps users apply carbon emission factors to procurement categories (such as delivery, accommodation, electricity, and travel) to estimate the associated carbon footprint of a transaction. This approach supports customers with spend-based analysis and aligns with the Greenhouse Gas Protocol, the globally agreed standard for measuring carbon emissions.
"We know that SMBs care about the impact they have on the environment, and our research shows that they want to work with suppliers and partners that can help them understand and address it," said Amaya Souarez, executive vice president of cloud operations at Sage, in a statement. "The acquisition of Spherics represents an important milestone in our sustainability strategy. By combining Spherics' innovative software with Sage's digital network, we are connecting businesses with their customer and supplier emissions data, enabling easy and collaborative climate action across value chains which helps to reduce carbon."
Spherics will continue to be available as a market solution that integrates with Sage and other accounting software providers in the UK.
