October 27 , 2015

Sage transforms the future of business payments

Newcastle Upon Tyne, UK--Sage has unveiled Sage Payments – a payments service that enables customers to manage and make domestic and international payments straight from their Sage 50 Accounts and Sage 50 Payroll software.

Sage Pay provides an integrated, flexible, and secure service for businesses to accept incoming payments and Sage Payments offers a new way to make payments to suppliers and employees using a number of secure and reliable payments networks, including the Faster Payments network.

Sage now offers a holistic end-to-end payments solution that integrates with Sage accounts and payroll software and enables them to take control of all of their money movements.

“Money management has throttled growth for too many businesses who struggle to handle flow of cash in and out of their organisation”, commented Lee Perkins, EVP and Managing Director of Sage UK. “Until now, payments have been a significant drain on time for small and medium businesses, with firms spending over 8 staff hours every month making payments. With Sage Payments, we are empowering businesses by breaking down age-old financial processes revolutionising the way they make payments and enabling them to take greater control of their cashflow.” 

How does Sage Payments make a difference to businesses?

• Time Saving: make payments within Sage software, removing the need to manually re-key information into internet banking. Automates reconciliation, funding and exchange rate calculation processes to save time and improve accuracy.

• Greater control of cashflow: Set future dated payments to help monitor cashflow and create a full digital audit trail to provide control over authorization.

• Cost savings and transparency: Competitive and transparent domestic and FX pricing through a choice of tiered plans.

• Domestic and international: Make payments to the UK and 23other countries worldwide with support for 11 different currencies through Sage’s Foreign Trader module.

• Access anywhere: View and approve payments from your mobile and tablet devices.

“Sage Payments is the culmination of significant customer insight, technology investment and market research”, commented Seamus Smith, Business Leader, Europe, Sage Pay. “As an organisation we are uniquely positioned with the technical and business capabilities to broaden the range of services for small and medium businesses, providing them with the ability to move money from end-to-end simply and efficiently. We already help our customers to accept payments and manage their cashflow via partnerships with companies like Funding Circle and Market Invoice. Now with Sage Payments, we are giving our customers the ability to pay suppliers and employees from within their software for maximum control and accuracy.”

Larry Hardcastle, Managing Director at Larrytech and Sage Payments early adopter commented: “Being able to manage our entire payment run without leaving Sage is a huge timesaver. New supplier setup is all handled from within our core product, which saves us considerable time logging into online banking. With Sage Payments we have a secure and seamless way to manage our payments giving us greater control over our cash flow.”

“Sage Payments is a quick, easy and efficient way to make payments with full control,” explained Wendy Blane, Accounts Administrator, FBS Engineering & Sanitary Supplies Ltd. “Paying our suppliers straight from our Sage software not only saves valuable time and helps to reduce our banking costs, but will ultimately avoid errors and make us more efficient. For small businesses like ours, managing payments can be a time-consuming process and Sage Payments promises to alleviate that burden by transforming the way we manage our money.”