New Partnership provides SMEs and accountants with full cash flow visibility, finance automation and cash management processes
This partnership is an extension of an ongoing relationship, which will see Satago’s product offering seamlessly integrated into Sage Accounting, providing customers with automated invoice chasing, credit risk insight and invoice finance — all in one platform.
As the country’s small and medium enterprises (SMEs) navigate the second lockdown and face new tighter tiered controls in the lead-up to Christmas, visibility of their money-in and money-out has never been more important.
SMEs, which make up 99% of the UK’s private business landscape, have faced unprecedented cashflow and operational issues during 2020. A recent Sage report found only half of respondents (54%) felt prepared to deal with cashflow problems with 39% highlighting it as the biggest challenge they face in today’s economic environment.
This partnership supports businesses with access to tools needed to help minimise bad debts, get paid faster, adapt quicker and overcome short-term cash shortfalls. By automating processes, it will also free up businesses’ time while creating efficiencies, which in turn will allow them to add greater value to their operations.
Neal Watkins, EVP Small Segment at Sage, said: “Meeting small businesses’ needs is even more critical today when many have entered a clear cashflow crisis. We must act now to help support and enable them with efficient solutions like Sage Accounting. Automating processes and giving them easy access to additional tools and functionality, such as Satago, is vital to overcoming issues they face with managing debtors and keeping a close eye on cashflow, both of which will reduce their level of risk.”
Sinead McHale, CEO of Satago, commented: “It is time to put the SME back in control of their finances. We can help through our integration with Sage, by automating credit control and providing access to risk insights to help businesses minimise bad debts and ensure faster payment—essential in today’s environment.
“We believe our innovative, end-to-end cashflow management solution truly complements Sage Accounting, and we’re delighted to be extending our partnership with Sage.”
Sage and Satago customer, Shaign Hancock, Owner at MG Cannon, said:
“During the first lockdown with all our workshop staff on furlough and the doors closed, we took the opportunity to catch up with our ‘aged debt’ and look at our systems. Satago was introduced to me over the telephone by Sage by chance really, when I quizzed them to find out how we could manage our credit control in a sharper way. We have never looked back.
“We have lots of customers, different types of customers and we now have a really good overview of our debt. We can send automatic statements and reminders in a friendly way. We can now identify issues at an early stage, rather than letting them run on. The longer you leave a problem, the more difficult it is to resolve.
“Not a lot of good has come out of this pandemic, but it has enabled us to have a good look at our business and link up with new partners to make us stronger and more efficient. Satago has played a major part in this.”
Available to customers in the UK and Ireland, the Satago app is available via the Sage Marketplace, which launched earlier this year for partners to showcase apps that link to Sage Business Cloud solutions. Sage Marketplace gives more than two million Sage customers access to trusted apps, such as Satago.
To support customers and accountants as they build their business during the pandemic, Satago is offering 50% off its products for three months for new Sage signups.
Following the Government’s latest announcement about the country’s tiered system restrictions, Satago and Sage will host a joint webinar providing a practical guide to managing a business’ cashflow during this time. To join, please sign up here.