For SMEs, accountants and payroll managers, embracing the tech revolution is easier than ever before. The announcement on Monday 25th Feb of a partnership between Modulr and Sage, the global market leader for technology that helps businesses of all sizes manage everything from money to people, is a clear example of a FTSE 100 company partnering with a Fintech to make this a reality.
“There was a gap in the market, and that was a lack of automation. The fact that the end customer or the accountancy firm has to deal with that manual process – which is inefficient and time-consuming – it could lead to data and security issues, and also not being able to reconcile by easily getting back the data from the bank to the accounting platform or the payroll platform,” says Myles Stephenson, CEO of Modulr.
Accountancy Age interviewed Seamus Smith, Executive Vice President of Worldwide Payments and Banking at Sage and Myles Stephenson, CEO at Modulr to find out more.