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Tuesday, June 22, 2021
Home Challanger banks Revolut and Sage announce a new partnership

Revolut and Sage announce a new partnership

Sage Accounting has been integrated with Revolut to enable SME’s to take advantage of the fintech’s innovative spend analytics platform.

Small businesses have spent 15 working days this year on average by rekeying payments, reconciling their business accounts and correcting errors.

Read also: Revolut’s business banking thrives as it hits 500k SME customers 

Sage and Revolut Business customers are now able to reconcile their transactions to match their accounts in just a while so that they can focus on the work that matters most.

Neal Watkins, EVP Small Business Segment, Sage commented: “Never have businesses needed time relief more. Nobody started a business to reconcile their books every month. Small businesses will no longer need to process receipts and bank statements manually.”

“In 2020 the average business has spent three working weeks on such tasks. That’s unacceptable when there is a cloud technology that automates repetitive manual tasks so that the nation’s small business can spend time on surviving, growing and thriving. Hence why this collaboration with Revolut is so important; we look forward to supporting our joint customers and helping them operate more seamlessly.”

Revolut Business launched 3 years ago and has been very successful so far. Last week the company announced that it’s business banking option has hit a new milestone of 500,000 customers.

David Dinwiddie, Product Associate, Revolut Business said: “We believe in openness, transparency and innovation in the business financial space, which this collaboration is built on. We are delighted to work with Sage in this way, allowing our joint customers to seamlessly and safely pass transaction data into Sage, helping them operate more efficiently and effectively.”

“Sage Accounting and Revolut work together perfectly. I save 10 hours of manual time every week as Accounting automatically imports and sorts my transactions. This allows us to focus on growing our small business and spending valuable time with our community and speaking to our customers,” Roisin Culligan, Brew Box Coffee Ltd and Sage customer.

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Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

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