Enhanced and streamlined reconciliation processes are the focus of a new partnership between AccessPay and Sage Forge.
In a groundbreaking move, Sage, a leading provider of accounting, payroll, and payment software, has announced a strategic partnership with AccessPay. This collaboration aims to transform the bank reconciliation process within Sage's products, enhancing precision and efficiency.
The partnership is designed to address a significant challenge in the financial industry - the risk of fraudulent activity. By eliminating the manual manipulation of bank statement data, the partnership seeks to minimise opportunities for fraud, providing a more secure environment for Sage's users.
One of the key benefits of this partnership is the global bank connectivity it offers. AccessPay, with its connectivity via the SWIFT network to over 11,000 banks worldwide, extends this reach to Sage's products. This means Sage customers can now receive detailed statement data from various banks, streamlining the process and reducing the manual effort required for downloading and reformatting statement data.
Chip Mahan, Global Commercial Head of Fintech, Payments & Banking at Sage, expressed his excitement about the partnership, stating, "This collaboration with AccessPay will provide our customers with improved financial decision-making capabilities by delivering accurate, timely data from our banking partners."
Graham Morgan, Director of Strategic Alliances at AccessPay, is equally proud of AccessPay's Automated Bank Statement Retrieval solution, which he describes as a user-friendly answer to a challenging issue for accountants globally. The solution not only provides increased frequency and accuracy in reconciliation processes but also aims to mitigate error-based risks.
AccessPay's services have been designated as a Sage Recommended Solution, reflecting Sage's confidence in the value that AccessPay will bring to its innovative solutions and vast user base. The company is ready to add further value to Sage's offerings, facilitating improved financial decision-making and supporting accountants worldwide.
While information about AccessPay's origins is not readily available, it is clear that the company has made a significant impact in the financial industry with its innovative solutions. The partnership between Sage and AccessPay marks an exciting step forward in the quest for more efficient, secure, and accurate financial management.
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