Sage automates SME payments with Modulr
Written by Peter Walker
Cloud management provider Sage has partnered with UK payments FinTech Modulr to simplify the task of managing accounts payable and payroll payments.
The solution, known as Sage Salary and Supplier Payments, will allow businesses and their accountants to securely manage and process payments from directly within the Sage Accounts and Payroll products.
The automated payment service will be delivered to Sage customers across the UK using Modulr’s payment accounts.
The solution will allow customers to eliminate manual payment processes, preventing costly errors and risk of sensitive payment data being compromised. Sage’s Accountant and Payroll Bureau Partners will be able to benefit from delegated service access – allowing the accounting practice to seamlessly control and manage payments processing on behalf of their whole client base, while simultaneously reducing practice overheads.
The partnership aims to improve the payments offerings available to small and medium-sized enterprises (SMEs) and accountants; helping to bring innovation and competition to the UK SME banking and payments market.
Seamus Smith, executive vice president for global payments at Sage, said: “Modulr brings significant industry expertise that offers us the opportunity to expand the capabilities of our solution with new functionality and geographies, together with specific support for the development of our partner channels.”