TruFin’s Satago continues to strengthen partnership with Sage Group
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Today, Trufin has announced that Satago will extend its partnership with Sage Group, adding Satago services to certain Sage 50 subscription packages in Ireland. This partnership is an extension of the signing of a Package Deal for Sage 50 clients with Sage Group within the UK, announced in October 2022.
Today, () has announced that Satago will extend its partnership with (), adding Satago services to certain Sage 50 subscription packages in Ireland. This partnership is an extension of the signing of a Package Deal for Sage 50 clients with Sage Group within the UK, announced in October 2022.
Sage engages in the provision of business management solutions and is the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs). As part of the agreement, Sage 50 customers can gain access to Satago's core platform solutions, credit control and risk insights to better manage their debtor book.
Sinead McHale, Chief Executive Officer, Satago, commented: "The challenges posed by supply chain disruptions together with recent liquidity issues and inflationary pressures mean we must work with our small businesses to help them manage and thrive in these conditions. Working with Sage, we endeavour to support SMBs navigating these particularly challenging times."
TruFin also released their trading update last week, reporting glowing results for 2022, primarily driven by Satago, where revenues increased more than 350% to no less than £2.1m (FY21: £0.5m). The recent announcement that Satago will extend its partnership with Sage Group shows promising signs that revenue growth will continue in 2023.
View from Vox
Broad economic trends continue to impact SMBs moving into 2023, such as supply chain issues, inflationary pressures, and workforce challenges. Business management software, such as Sage 50, can continue to provide stability for small and mid-sized businesses during this turbulent time.
Supply chain disruptions are forecasted to persist into 2023, a lingering effect of Covid-19. For smaller businesses, supply chain disruptions may limit the variety of products they can access, or may cause customers to wait longer for products they’ve ordered. SMBs are affected by supply chain issues at a disproportionally higher rate than larger enterprises, but through the use of business management software, SMBs will be better able to anticipate supply chain issues, and therefore mitigate the impact.
Along with liquidity issues, SMBs are facing inflationary pressures that are significantly affecting their profit margins. New survey data from Goldman Sachs's 10,000 Small Businesses Voices concluded these inflationary pressures are adversely impacting their ability to hire and retain workers.
But it’s certainly not all doom and gloom for SMBs, which can navigate the economic climate through the use of business management software. Managing cashflow remains critical, and the business management solutions provided by Sage’s software allows SMB’s to manage cashflows quickly, easily and accurately - which in turn should drive further demand for Satago.
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