TruFin's Satago inks subscription deal with Sage

TruFin announced on Thursday that its investee Satago has signed an agreement with accounting and business software giant Sage to include subscription to Satago within certain ‘Sage 50’ subscription packages.

The AIM-traded firm said that as part of the agreement, Sage 50 customers on certain packages would now gain access to Satago's core platform, credit control and risk insights to better manage their debtor book, as well as to invoice finance should cash flow gaps arise.

It said the Sage 50 subscription package customers would also be able to purchase exclusively discounted additional Satago subscriptions.

“Now more than ever before, cash flow management is a primary focus for UK small-to-medium businesses,” said Satago chief executive officer Sinead McHale.

“The challenges posed by supply chain disruptions together with recent liquidity issues and inflationary pressures mean we must work with our small businesses to help them manage and thrive in these conditions.

“Working with Sage, we endeavour to support SMBs navigating these particularly challenging times.”

At the close on Thursday, shares in TruFin were down 0.76% at 65.5p.

Reporting by Josh White at Sharecast.com.