B2B Payments

Sage Takes Next Steps In Cloud Accounting, Payroll

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Sage has taken steps in several directions over the last few months via its various arms, from payments to payroll. All, however, have a common goal: streamline the financial process of small and medium-sized businesses.

On Tuesday (Feb. 2), the company emerged with two more steps taken in this journey.

The first saw Sage’s cloud-based financial management platform, Sage Live, officially go live for U.K. entrepreneurs and small business owners. The platform operates over Salesforce and links business owners and accountants to real-time financial data by integrating with other Salesforce apps, aggregating financial data and streamlining it into a single platform.

The solution can be accessed on mobile devices, too. Sage and Salesforce collaborated on the product, which was first revealed late last year during the company’s Sage Summit event.

“Businesses move quickly, and their successes lie in the decisions they make in the moments that matter,” said Sage Executive Vice President of Global Product Marketing Antoine Henry at the time of the product’s introduction. 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.

Sage's second step was made by its Payroll Services unit. The firm also revealed that it has partnered with payroll card firm SOLE Financial in a move that sees Sage U.S. corporate clients have access to the SOLE Visa Payroll Card for their employees.

[bctt tweet="Sage has partnered with payroll card firm SOLE Financial."]

The companies pointed to the ability for prepaid payroll cards to provide underbanked employees with financial services often only available to banked consumers. The payroll cards can provide Sage clients with solutions like online bill pay and direct deposit.

SOLE Paycard also provides mobile tools for its payroll cards, allowing users to access a mobile app and view account balances.

Sage has more than 6 million corporate users that can now have access to SOLE’s payroll card solution, the companies added.

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