36 | Finance Awards 2020 This is the secret of Satago’s success, the team believe that by combining automation with human expertise, business owners and their accountants can manage cashflow more efficiently and strengthen their position during periods of economic uncertainty. Satago is rated excellent on Trustpilot with reviewers commending the platform’s efficiency and ease of use. “The response from the first week of email reminders was fantastic and we brought our 90+ days debtors down by £12,500 in one week. Our debtors as of today continue to drop thanks to the weekly email reminders sent to clients. All round a very positive move for our practice.” — Gemma Parker, Tussies Chartered Accountants Cashflow management has always been a challenge for SMEs, but the COVID-19 pandemic has exacerbated existing fault lines. The Satago team are working hard on new and exciting developments that can provide additional benefits to customers. It’s this innovative and customerfocussed approach that has brought them such success in this competitive sector. Company: Satago Contact: Ruth Nathan Web Address: www.satago.com A healthy economy depends on the movement of money through businesses. But finding a cashflow solution that works is not always easy for SMEs. Fortunately, the team at Satago have created a 3-in-1 platform that offers a unique and highly effective cash management solution. We take a closer look to see how their work has brought them such success in the UK Finance Awards. The UK is facing one of the most challenging economic periods of this generation. As support schemes begin to wind down and the country comes to terms with the double impact of Brexit and the COVID-19 pandemic, it’s worth paying attention to SMEs. Small businesses are the backbone of the economy, but for years have struggled to tackle the challenges of late payments, credit risks, and access to finance. Satago tackles all of these problems in one software solution. The platform integrates with over three hundred accounting apps, including Sage, Xero, Quickbooks and FreeAgent, to provide credit control, risk insight and invoice finance in one place. Meaning business owners and their accountants can get their invoices paid faster, protect against credit risks and cover cash gaps when they need to. The credit control tool sends automated payment reminders to customers, ensuring businesses are paid on time without the hassle of manual chasing. Satago integrates with most email providers, including Gmail and Outlook, allowing SMEs to send automated reminders, monthly statements and thank you emails to customers from their own email address, ensuring a smooth customer experience. The risk insight tool provides SMEs with an overview of their debtors and allows them to credit check new and existing customers before agreeing payment terms. By viewing a customer’s credit report, SMEs can ensure that their customers have the ability to pay their invoices before they agree to Most Innovative Cashflow Solution 2020: Satago do business with them. Giving them the insight they need to protect themselves from the threat of late payments and bad debt. Finally, Satago offers flexible invoice finance within the platform, providing a fast and reliable way for businesses to unlock funds from unpaid invoices and alleviate cashflow concerns. The platform automatically selects the invoices which are eligible for finance and displays the amount that can be advanced and the fees. Users can simply click to apply and once approved, will receive a cash advance with 24 hours. Satago’s 3-in-1 platform offers support through all stages of the cash management cycle. The incredible breadth of tools, along with unique features such as email integration, are what makes Satago a stand-out product. The platform is also great value for money and, unlike competitors, offers unlimited invoice chasers on all subscription plans. As well as helping them get paid faster, Satago is designed to save business owners and accountants time. The average SME spends an hour and a half each day manually chasing invoices, by removing this burden, Satago frees up time that can be spent on other areas. Nov20118
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