TruFin PLC Satago signs agreement with Sage (4709D)

TIDMTRU TIDMTRU

RNS Number : 4709D

TruFin PLC

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 
   James van den Bergh, Chief Executive Officer     0203 743 1340 
   Kam Bansil, Investor Relations                    07779 229508 
 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 .

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