Payment technology provider Sage is brushing up its approach to businesses by enabling business transactions and payroll from the same system.
Sage Payments will allow companies to pay suppliers and employees, receive payments and send money domestically and internationally.
“Money management has throttled growth for too many businesses who struggle to handle flow of cash in and out of their organization," said Lee Perkins, managing director for Sage U.K., in a release. “Until now, payments have been a significant drain on time for small and medium businesses, with firms spending over 8 staff hours every month making payments.”
Sage also recently partnered with Vantiv and Aliba to bolster fraud detection and add other technology for nonprofit institutions.