Tech solution set to transform SMEs

Sage Pay Managing Director, Charles PittawayJOHANNESBURG – A NEW solution has been launched to enable small and medium-sized enterprises (SMEs) collect money, make payments and reconcile effortlessly, through a single interface and account.

Sage Smart Money Movement, launched by Sage, the market leader for integrated accounting, payroll, and payment systems, simplifies collections and payments, reducing manual work for SMEs and giving more control over cash flow.

Sage Smart Money Movement is said to be a South African first in the way it offers SMEs the ability to track the movement of money from where a transaction originates in a desktop or online accounting or payroll application, to how that transaction is then executed and reconciled in the accounting system.

Anton van Heerden, Executive Vice-President and Managing Director, Sage South and Southern Africa, said over 250 000 SMEs in South Africa used Sage software to simplify, control and manage their business processes.

“Now, by combining our accounting and payroll solutions with Sage Pay’s leading payments platform, they can streamline their operations even further and control their businesses from anywhere, at any time. We are changing the way that millions of businesses track the movement of money through their business,” said van Heerden.

Sage Pay Managing Director, Charles Pittaway, said they turned collection, payment, and reconciliation into a smart, easy, and seamless for small businesses.

“Our aim is to simplify collections and payments to free you fromtime-consuming manual work and to give you complete control of your cash flow so that you can focus on the growth of your business. Best of all, there are no upfront or software licence costs to take advantage of this technology,” said Pittaway.

South Africa has an estimated 2,8 million SMEs, which contribute over 50percent of gross domestic product.

SMEs also provide about 60 percent of jobs, and contribute more than 40 percent of the country’s total remuneration.

CAJ News

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