VoPay, a leader in embedded payment solutions, has announced a strategic partnership with Sage, renowned for its accounting, financial, HR, and payroll technology. This collaboration integrates VoPay’s payment technology into Sage’s platform, aiming to streamline financial operations for small and medium-sized businesses (SMBs) through enhanced payroll functionalities.
1. Overview of the Partnership
- Collaboration: Integration of VoPay’s payment technology into Sage’s platform.
- Objective: To streamline financial operations for SMBs through advanced payroll functionalities.
2. Addressing Common Payroll Challenges
- Current Issues: 51% of businesses use spreadsheets for payroll, and 27% face challenges due to inefficient processes.
- Solution: VoPay’s technology eliminates manual processes, reducing errors and accelerating payroll.
3. Key Features of VoPay’s Integration
- Automated Direct Deposit: Eliminates manual cheque processing, ensuring faster and more reliable payments.
- Self-Serve Employee Portal: Allows employees to manage payment information and access pay stubs online.
- Advanced Reporting and Reconciliation: Provides deeper insights into payroll data for better compliance and financial accuracy.
4. Advantages for Product Leaders
- Seamless Integration: API-driven approach ensures smooth integration with Sage Business Cloud Payroll.
- Robust Security: Advanced measures protect payroll data, ensuring compliance and fraud prevention.
- Scalable Solution: Adapts to evolving payroll needs, supporting business growth and flexibility.
5. Strategic Statements
- Hamed Arbabi, Founder & CEO of VoPay: Highlights the efficiency and innovation brought by the partnership.
- Ceara Metcalf, Head of HR and Payroll Business Unit at Sage: Emphasizes the enhanced efficiency and automation for SMBs through this collaboration.
The partnership between VoPay and Sage represents a significant advancement in payroll management for SMBs. By integrating VoPay’s advanced payment technology into Sage’s payroll system, businesses can expect a more efficient, secure, and reliable payroll process, allowing them to focus on growth and core business activities.
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