REG - TruFin PLC TruFin PLC - Satago signs agreement with Sage

TrufinAnnouncement

20/10/2022 07:01

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221020:nRST4709Da&default-theme=true

RNS Number : 4709D  TruFin PLC  20 October 2022

20 October 2022

 

TruFin plc
 ("TruFin" or the "Company")

 

 

Satago Financial Solutions Limited ("Satago") announces the signing of a
Package Deal for Sage 50 clients with Sage Group plc ("Sage").

 

TruFin is pleased to announce that Satago has signed an agreement with Sage,
the leader in accounting, financial, HR and payroll technology for small and
mid-sized businesses (SMBs), to include subscription to Satago within certain
Sage 50 subscription packages.

 

In today's tough economic environment, managing cashflow is critical and SMBs
need tools to do this quickly, easily, and accurately.  As part of the
agreement, Sage 50 customers that subscribe to certain packages will now gain
access to Satago's core platform solutions, credit control and risk insights
to better manage their debtor book, as well as to invoice finance should
cashflow gaps arise. The Sage 50 subscription package customers will also be
able to purchase exclusively discounted additional Satago subscriptions.

 

Sinead McHale, Chief Executive Officer, Satago, commented:

 

"Now more than ever before, cashflow management is a primary focus for UK
SMBs. 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."

 

Neal Watkins, EVP Product, Sage, said:

 

"This partnership with Satago aims to help small businesses manage their
cashflow needs at a time when they are operating within challenging markets
and economic conditions. We're supporting accountants and business owners with
end-to-end cashflow management. Futrli by Sage helps SMBs gain greater
visibility of future cashflow needs and, with Satago, customers can focus on
protecting working capital and managing cashflow risk. This means we're
uniquely positioned in the market to address customer needs around future
cashflow forecasting with Futrli and cashflow management through Satago's
enhanced credit control automation and risk insights."

 

 

For further information, please contact:

 TruFin plc                                                        0203 743 1340

James van den Bergh, Chief Executive Officer
07779 229508

Kam Bansil, Investor Relations
 Liberum Capital Limited (Nominated Adviser and Corporate broker)

Chris Clarke

Edward Thomas                                                    0203 100 2000

TruFin plc is the holding company of an operating group comprising four
growth-focused technology businesses operating in niche markets: early payment
provision, invoice finance, IFA finance and mobile games publishing. The
Company was admitted to AIM in February 2018 and trades under the ticker
symbol: TRU. More information is available on the Company
website: www.TruFin.com
(https://gbr01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.trufin.com%2F&data=05%7C01%7Cannie.styler%40trufin.com%7Cbaa78452ac0a47f8945108da28fa43e7%7C67937f35ec6246869ff319b660f3fd22%7C0%7C0%7C637867352602970809%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=KlrhCWwTxueK%2BL9vIsnyHiMNFfDmDQOWUnAQeFSgNQc%3D&reserved=0)
.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRFFWFMUEESELS