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Dive Brief:
- Accounting, finance and payroll technology company Sage has acquired Paperless Environmentsa company that provides accounts payable automation services for the construction industry, according to an Oct. 1 announcement. Terms of the deal were not disclosed.
- Paperless serves more than 1,400 customers in the United States, Canada and Australia, according to the announcement. Sage customers already access Paperless technology through the Sage Paperless Construction platform.
- Sage will use the acquisition to strengthen the services it offers to the construction industry, according to the announcement, which is hungry for technology adoption, according to the company. recent survey with Associated General Contractors of America which found that 61% of US construction companies now use artificial intelligence.
Diving knowledge:
By acquiring Paperless Environments, Sage is taking another step in its efforts to invest in artificial intelligence and automation of its products, according to the announcement. By further combining Sage and Paperless offerings, companies will aim to connect finance, project and workplace teams.
The acquisition is based on continued push for mergers and acquisitions throughout the construction sector, which it increased in 2025 and has kept pace this year In particular, companies that offer specific value propositions have been snapped up by larger entities in an attempt to increase their service capabilities, such as Procore with its acquisition of DroneDeploy for $845 million in cash.
For its part, Sage has been intentional about adding technologies to its portfolio that builders will need, Dan Miller, Sage’s executive vice president of finance and ERP, said in the announcement.
“Contractors should not have to gather critical information from their finance, project and field teams,” Miller said. “Paperless brings a highly experienced team with expertise in automating accounts payable and document workflows that will help reduce the manual work involved in managing invoices, project records and compliance documents across offices and workplaces.”
Paperless Environments is headquartered in Baton Rouge, Louisiana. his specific offers they include the ability to capture and archive documents from any location using a user’s phone, as well as index and store different documents and securely distribute them to different users, according to its website.
