B2B Payments

Sage Pounces On Real-Time Accounting

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Small business accounting, payment and payroll firm Sage is jumping on the chance to hand its corporate customers real-time visibility. In an announcement made Wednesday (Dec. 9), Sage rolled out Sage Live, its accounting tool to link users into real-time information.

The cloud-based solution integrates CRM, accounting and financial data into a single portal and can connect to other third-party applications and APIs so businesses can organize and manage the financial data they need, the company said.

The solution is also compatible for smartphones and tablets, providing data visibility on the go.

“Businesses move quickly, and their successes lie in the decisions they make in the moments that matter,” stated Sage Executive Vice President of Global Product Marketing Antoine Henry. He added that the market today is experiencing “seismic technological change and digital invention,” meaning SMEs must stay on top of their financial data to remain competitive.

[bctt tweet=”‘SMEs’ successes lie in the decisions they make in the moments that matter.'”]

Sage Live is debuting on the Salesforce AppExchange, the company said.

This isn’t the only advancement Sage has made this season in small business accounting. The company unleashed Sage Payments at the Money20/20 event in October, a tool that allows SMEs to accept incoming payments and issue outgoing payments to suppliers and employees.

That solution, too, was built in an effort to hand small business owners greater control and visibility of their cash flow, Sage said. The payments that businesses can make can be directly integrated into their existing Sage accounting and payroll software, the firm added.

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With eyes on lowering costs to improving cash flow, 85 percent of U.S. firms plan to make real-time payments integral to their operations within three years. However, some firms still feel technical barriers stand in the way. In the January 2020 Making Real-Time Payments A Reality Study, PYMNTS surveyed more than 500 financial executives to examine what it will take to channel RTP interest into real-world adoption. Here’s what we learned.

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