Sage is gearing up for a busy year ahead after showing a favorable financial performance for FY 2016 and announcing plans to make some strategic investments in 2017.
But the latest offering from the cloud accounting company comes before the new year. The firm revealed Tuesday (Dec. 6) that it is rolling out Clic&Cash, a way for Sage’s SME users to access working capital financing.
Through a collaboration with French alternative lender Finexkap Group, Sage can directly link its users to short-term finance. According to the companies, the solution is available to Sage users in France.
Late payments and cash flow problems are a major challenge for French businesses, the firms said in their announcement, leading many SMEs to fail. Funds from Finexkap requested via the Sage interface can land in businesses’ accounts in less than 48 hours, according to the companies.
