23rd Jan 2023 11:27
(Alliance News) - TruFin PLC on Monday said it is extending its agreement with accounting, financial human resources and payroll technology provider Sage Group PLC, adding its business Satago's services to some Sage 50 subscriptions packages in Ireland.
The London-based financial technology holding company for niche lenders and early payment providers said this builds on the previously announced agreement in October to deliver this offering in the UK.
Under the agreements, it said Sage 50 customers will gain access to Satago's core platform solutions, credit control and risk insights to better manage their debtor book.
TruFin also said it signed a statement of work to embed Satago's invoice finance service into Sage 50, looking to launch this embedded finance solution during the first quarter of 2023.
It said this will make it easier for small and mid-sized businesses overcome common cashflow challenges, and will be initially available in the UK.
"The development underscores Satago's ongoing partnership with Sage, providing innovative solutions for Sage 50 customers," TruFin said in a statement.
Shares in TruFin traded flat to 57.00 pence each in London on Monday morning, while shares in Sage were up 0.5% to 764.40p.
By Greg Rosenvinge, Alliance News reporter
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