SAGE
“ Sage enables businesses to accept payment including credit cards , direct bank transfers and online payment services directly through the accounting software ”
CHIP MAHAN GLOBAL HEAD OF FINTECH , SAGE meet the “ varied operational needs “ of its customers .
“ This integration not only enhances our accounting offerings but simplifies them on a unified platform ,” Chip notes . The goal , he says , is to help customers “ overcome traditional business barriers and focus on growth ,” thereby facilitating smoother operational processes and promoting business expansion .
Revolutionising business with fintech Chip has a multifaceted background , with experiences ranging from U . S . government intelligence to executive roles at Bank of America and American Express . His diverse expertise influences Sage ’ s fintech strategies , which focus on integrating advanced financial technologies into everyday business processes to streamline operations and facilitate growth . He says that Sage ’ s strategy of integrating innovative fintech services directly into its accounting platform revolves around making financial management more seamless and efficient for businesses , and adds that this integration “ can greatly enhance user experience and functionality in several key areas ”.
One of these areas is payment acceptance . By incorporating fintech solutions that enable payments acceptance directly within their platform .
“ Sage allows businesses to process customer payments more efficiently ,” says Chip .
“ This means businesses can accept various forms of payment – such as credit cards , direct bank transfers and online payment services – directly through the accounting software .”
This , he adds , “ simplifies the reconciliation process and improves cash flow management ”. It also reduces the need for third-party payment processors , potentially lowering transaction fees and simplifying the accounting process .
Another area to benefit from Sage innovation is supplier and employee payments . Sage ’ s integration includes systems for managing payments to suppliers and employees , Chip explains .
“ This automates traditionally manual processes ,” he says . “ For example , businesses can set up automated payments for suppliers based on due dates or receive invoices , directly from the accounting software .”
6 sage . com