Welcome to our weekly round-up of the latest news and updates from the accounting tech world.
This week, Tech Lowdown features Practice Ignition’s new direct debit feature and a new partnership between Sage and Modulr.
* * *
Practice Ignition adds direct debit feature
Practice Ignition has announced a new direct debit feature release for UK firms. The new update will enable users to process direct debit payments through the platform, which also processes card payments through the Practice Ignition proposals.
The direct debit feature has been designed as an online shopping cart where customers can see the chosen product or service, add their billing information and get a receipt automatically.
The end client can input their billing information as part of the proposal, creating a more simple and streamlined onboarding experience without additional manual steps.
“The concept of bringing payments into Practice Ignition was initiated very early in our product development. We wanted to find a way to directly tie payments to your contracts, so that you could not alter one without the other,” the company said in a recent announcement.
* * *
Sage partners with business payments service Modulr
Sage and UK payments fintech Modulr have partnered to offer Sage Salary and Supplier Payments. The new solution will simplify the task of managing accounts payable and payroll payments for Sage users.
The automated payment service will allow accountants and their clients to securely manage and process payments directly within the Sage Business Cloud Accounting and Sage Payroll products, improving the payments offerings available to SMEs and accountants.
By eliminating manual payment processes, the solution can also prevent errors and risk of sensitive payment data being compromised and save time with the automated reconciliation of payment data.
“Customers and accountants will further benefit from real-time visibility of payments, seamless reconciliation of payment data into Sage’s accounting and payroll products and role-based access controls, meaning that they can track and manage a full audit trail of activity pertaining to outgoing payments, which will give them full control of a crucial part of their business,” said executive vice president global payments and banking at Sage, Seamus Smith.
* * *