At the end of each month, Accountancy Age rolls out the latest developments from the world of accounting and audit technology to help you make informed purchasing decisions. This month we cover the latest from Microsoft, Sage, Xero and more.
Sage announces Microsoft integrations to “enhance” small business offerings (October 12)
Small business technology provider Sage announced New integration of Intacct and Active products with Microsoft Azure.
In practice, this means customers will now be able to submit and approve accounting and HR processes directly through Microsoft Teams rather than through the Sage Intacct or Sage Active apps.
This kind of multi-cloud access to Sage products is a “cornerstone” of the company’s strategy, said Walid Abdu-Hadba, chief product office.
“Meeting customers where they work is key to providing SMBs with new and innovative ways to be more productive.”
Open Banking Platform Fumopay Integrates with Xero (October 28)
Interbank payment provider Fumopay has announced that it can now integrate its service directly into Xero.
The move means that Fumopay will be available on the Xero app store and can be used by small business suppliers to pay their bills directly.
Bill payments via the Fumopay app are ready to be set up for bills to be viewed, reconciled, tagged, or marked as paid in Xero.
Fumopay Founder and CEO Kevin Ludford said:
“Fumopay’s sole purpose is to democratize payments and make them as affordable and fast as open banking was ever conceived.”
Sage enhances MTD offerings for sole proprietorships and landlords (18 Oct)
In its second major update this month, Sage brings announced Enhanced end-to-end solutions for accountants to support sole proprietors and landlords through the digitalization of taxes (MTD).
The update includes a suite of new tools, including Sage Accounting Individual (a solution tailored to the tax requirements of sole proprietors) and a strategic partnership with landlord accounting platform Hammock.
The company also announced a new volume purchase agreement that will allow accountants to benefit from discounts.
GW Dick & Co. owner and partner Andrew Dick said:
“[The update] It now gives accounting and bookkeeping practices the support and motivation to embark on the MTD ITSA journey. “
BlueSnap and BitPay Partner to Offer Crypto Acceptance and Payments (October 13)
Payment orchestration platform BlueSnap partnered Give businesses the ability to accept cryptocurrency payments with BitPay, the leading Bitcoin provider.
This partnership allows BlueSnap users to receive payments and accept up to 15 different cryptocurrencies and 7 fiat currencies worldwide.
BlueSnap describes the new deal as part of its mission to help companies increase revenue and reduce costs.
EU MD Nihkhita Hyett said:
“Consumers across Europe […] More “Crypto Curios” are on the rise. Working with one of the most respected cryptocurrency companies in the industry helps make the new payment experience as frictionless as possible. “
If you are in accounting or audit technology and have the latest information the market needs to know, please email us [email protected].