Sage, the cloud business management solutions firm, today has announced its partnership with payments service Stripe.
Users of Sage Business Cloud Accounting now have full invoice capabilities in addition to the payment services Sage offers. They say that this partnership allows companies to fully digitise all invoicing and get paid through credit and debit cards in real-time, rather than spend time manually collecting and chasing down payments thus addressing “the damaging, productivity-draining, impacts of chasing payments”.
The digital invoicing services powered by Stripe allows invoices to be sent electronically, which the customer can view on any device (hosted in Sage Business Cloud) and pay from anywhere, anytime.
Sage is also launching a new user experience where customers have the option to activate payment and invoice services in less than five minutes from within their software. From there they can take payment over the phone or online with a Pay Now button, as well as create personalised invoices on the go using the Sage mobile app.
Today’s launch is an example of innovation and collaboration in FinTech, providing customers with world-class products that will revolutionize the way they work, no matter what stage of their business journey they are at.
We know cashflow is the lifeblood of business — yet businesses in the U.K. spend an average of 15 working days chasing late payments. This is unacceptable. These are problems that can be easily fixed with the right technology solutions, designed to make invoicing and other admin tasks seamless. Accelerating payments is an absolute priority for any business, and I’m delighted to see Stripe’s integration embedded into the Sage platform to target this importance issue.
– Seamus Smith, EVP Payments and Banking
