Satago: Pioneering Financial Solutions for SMEs

Satago is a fintech platform that streamlines cash flow management for small and medium-sized enterprises (SMEs). By offering a suite of integrated tools that automate and optimise financial tasks, Satago provides comprehensive solutions to enhance how businesses handle finances, particularly in invoicing and credit control.

At its core, Satago focuses on helping SMEs manage cash flow more efficiently. It works directly with these businesses, leveraging technology to provide real-time insights into customer risk, manage overdue invoices, and facilitate access to invoice financing directly through the platform. Satago’s dual approach also extends to partnerships with corporates and banks, including a longstanding collaboration with Sage, which integrates Satago’s technology into their platform to help its SME clients manage cash flow more effectively.

Sinead McHale, CEO of Satago, firmly believes in the company’s role in improving the financial management landscape for SMEs. By embedding Satago’s solutions into accounting software platforms like Sage, the company brings multiple financial management solutions under one umbrella: “Another key component of our solution is the ability to leverage your debtor book for invoice financing in real time,” she says. 

“So, if we take those solutions, embed them in the customer's accounting software, you're reducing that time for an SME to fund that invoice and you're bringing multiple solutions under one umbrella.”

Enhanced User Experience and Efficiency

Satago’s direct integration into Sage allows for a seamless user experience, enabling businesses to easily manage their customer bases and access necessary financing tools. This setup not only saves businesses time but also cuts costs by consolidating multiple financial functions into a single platform, making the processes more transparent and sustainable for SMEs.

Satago’s partnership with Sage, a leading global accounting software provider, is particularly significant. For nearly a decade, Sage and Satago have shared a vision to support the growth and prosperity of SMEs. Their efforts have led to the successful management of invoices worth nearly £0.5bn for Sage customers in just the last year. This collaboration has proven effective in the UK and is a model that Satago plans to replicate globally, aiming to support SMEs worldwide with their innovative financial solutions. 

“Key to that relationship is that we're very aligned in terms of our objectives and values. And that really is to help SMEs prosper and grow. Over the past five to six years in particular, we've come together to really help these SMEs succeed.”

Looking forward, Satago is set on leveraging its success and expanding its reach. The company aims to use its data-driven tools to help SMEs make more informed decisions and utilise finance products, like invoice financing, as a sustainable means to support growth. With the ongoing partnership with Sage, Satago is well-positioned to address and alleviate the challenges of late payments faced by SMEs, demonstrating a solution that not only works in the UK and Ireland, but could also be adapted globally to help SMEs thrive in an increasingly interconnected economic landscape.

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