Sage partners with Stripe to give SMBs control over their cashflow

London - July 25, 2024 - Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), today announced an expansion of its partnership with Stripe, a financial infrastructure platform for businesses, to help improve cashflow management and payment processing for SMBs.

Trusted by millions of businesses around the world, ranging from startups to enterprises, the partnership with Stripe 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 cashflow and simplify their financial processes - from streamlined checkout and payment processing, to Tap to Pay contactless payments, and auto-reconciling bank transfers.

In partnership with Stripe, Sage intends to expand its payments ecosystem, ensuring that a growing number of its customers have access to services that will help them to manage their cashflow. 

“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.”  

Addressing cashflow problems 

Supporting customers globally, Stripe’s integration into Sage is currently available in the UK through Sage Accounting, Sage 50 and Sage 200. Stripe is also fully integrated into Sage Network, enabling customers to easily plug into the broader Sage ecosystem, choosing additional applications and features such as Sage Connect, automating AR and AP processes and helping manage their cashflow 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 methods including digital wallets, cards and bank transfers. Stripe uses machine learning to surface the most relevant payment methods for customers depending on their location.
• Unified payments experience: Collect payments online and in person through Tap-to-Pay, for seamless, in-person, contactless payments that doesn’t require any terminal hardware.
• A safe and secure payment experience: Leveraging Stripe’s advanced security protocols and compliance with global financial regulations, customers can be assured that their transactions are protected against fraud and data breaches, providing peace of mind for both businesses and their clients.
• Auto-reconciling bank transfers: Saving time with automatic reconciliation, 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’re 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 Sage to provide integrated features that make their customers’ lives easier.”

This partnership adds to the broad range of payments and banking partners within Sage’s ecosystem. 

^{1. Benefits will vary depending on the Sage product being used by the customer.}

Notes to Editor

Stripe is integrated into the following Sage products:

• Sage Accounting – UKI, CA
• Sage 50 – CA, US, FR and Early Adopter in UK
• Sage 100 – FR and Early Adopter in US
• Sage 200 – UK
• Sage Connect - UK, US

About Sage

Sage exists to knock down barriers so everyone can thrive, starting with the millions of Small and Mid-Sized Businesses served by us, our partners, and accountants. Customers trust our finance, HR, and payroll software to make work and money flow. By digitising business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology, and experience to tackle digital inequality, economic inequality, and the climate crisis. 

About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companies - from the world’s largest enterprises to the most ambitious startups - use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Headquartered in San Francisco and Dublin, the company aims to increase the GDP of the internet.

Stripe serves many of the world’s largest enterprises and is recognized as a Leader in the Forrester Wave™ for Merchant Payment Providers, as well as in the IDC MarketScape: Worldwide Retail Online Payment Platform Software Providers, ahead of any other vendor.