Accounting software giant Sage has teamed up with GoCardless to integrate its online direct debit service with Sage 50 Accounts and Sage 50c.
Sage users will be able to sign into the GoCardless for Sage service and add or import clients to automate both payment collection and reconciliation from their core accounting software platform.
The new integration will reduce debtor days for small businesses by letting them collect invoice payments automatically in the UK and Europe as soon as they are due. According to GoCardless, the sign in and set up will be free and costs will be capped at 1% or £2 per transaction.
“Poor cash flow remains one of the main causes of problems in businesses so we want to take away some of the red-tape and admin associated with managing money,” said Alan Laing, managing director for the UK and Ireland at Sage.
“Our work with GoCardless allows us to do just that. Our vision is to make those tasks invisible by 2020 by automating the back-office functions so we can free business builders’ time up that they can better spend growing their business.”
Hiroki Takeuchi, chief executive officer at GoCardless also highlighted the importance that automation and saving admin time can have for business growth: “In today’s fast moving world, any way to streamline processes and increase efficiency can give companies a serious competitive advantage.”
Sage is the latest integration for GoCardless, which also links to other accounting systems including Xero, FreeAgent, KashFlow and QuickBooks.