Sage taps Stripe to improve cashflow management for SMBs

By Gloria Methri

Sage has expanded its partnership with Stripe to help improve cashflow management and payment processing for Small and Medium Businesses.

The partnership provides Sage customers with more options to pay and get paid quickly. Leveraging Stripe’s financial infrastructure, Sage will offer its customers a trusted solution to help ease cash flow and simplify their financial processes – from streamlined checkout and payment processing to Tap to Pay contactless payments and auto-reconciling bank transfers.

“This partnership signifies a shared vision between Sage and Stripe to transform how SMBs pay and get paid, helping our customers to simplify cashflow management,” said Walid Abu-Hadba, Chief Product Officer, Sage. “We are committed to harnessing the power of technology to drive innovation, enhance efficiency, and pave the way for growth.”

Supporting customers globally, Stripe’s integration into Sage is currently available in the UK. Stripe is also fully integrated into Sage Network, enabling customers to plug into the broader ecosystem. This includes access to additional applications and features, such as Sage Connect, which automates AR and AP processes and helps customers manage their cash flow and payments.

The expansion of the partnership will see customers benefit such as:

Streamlined checkout and payment processing: SMBs with cash trapped in outstanding invoices can make it easier for customers to review their accounts and pay with Sage Connect’s customer account portal and Stripe Checkout.

Multiple payment methods: Accept payments from customers through different techniques, including digital wallets, cards and bank transfers.

Unified payments experience: Collect payments online and in person through Tap-to-Pay for seamless, in-person, contactless payments.

A safe and secure payment experience: Customers can be assured that their transactions are protected against fraud and data breaches.

Auto-reconciling bank transfers: Bank transfers enable customers to pay invoices via bank transfer, streamlining the payment and reconciliation process.

“Sage understands the importance of innovating for its customers, and we are thrilled to be part of its journey,” said Eileen O’Mara, Chief Revenue Officer at Stripe. “Stripe is building a suite of software-defined financial services to enable leading platforms like this to provide integrated features that make their customers’ lives easier.”