Chaser has launched a new integration with Sage 50, an established accounting software designed for small and medium-sized enterprises (SMEs). This new integration aims to help businesses using Sage 50 streamline their accounts receivable processes, reduce overdue invoices, and protect cash flow.
The importance of addressing late payments
Late payments are a persistent issue for many businesses. Statistics indicate that 49% of invoices issued by U.S. businesses become overdue (PYMNTS). Additionally, 10% of late invoices are ultimately written off as bad debts, creating a financial strain that affects investments, supplier payments, and payroll (Sage). With these challenges in mind, integrating Chaser with Sage 50 offers an automated solution to improve collections and cash flow.
Benefits of Chaser for Sage 50 users
Integrating Chaser with Sage 50 provides several benefits for users:
- Automated payment reminders: Chaser automates sending payment reminders, reducing the need for manual follow-ups and increasing the likelihood of timely payments.
- Multi-channel approach: Payment follow-ups can be sent via multiple channels including email, SMS, postal letters, and automated debtor phone calls. Combining these methods has helped existing users get paid on average 27 or more days faster.
- Real-time tracking: Users can monitor the status of invoices, customer insights, and payer behavior insights in real time, allowing them to stay on top of their receivables and manage cash flow more effectively.
- Customizable communication: Chaser enables users to set up personalized reminder schedules and messages that look like they’ve been hand-typed by the sender.
- Data insights: The integration provides valuable analytics and reporting tools, helping businesses identify trends in customer payment behavior and optimize their collections strategies.
- Time savings: By automating routine credit control tasks, Chaser allows businesses to focus on their core activities, improving overall productivity and business growth.
- Improved cash flow: With proactive collections and streamlined processes, businesses can enhance their cash flow management and reduce financial strain.
How to start using Sage 50 and Chaser
Connecting Chaser with Sage 50 is straightforward. Here’s how to set it up:
- Start your free Chaser trial: Sign up for a 10-day free trial with Chaser using just your name and email address—no credit card is required.
- Log in to Chaser: After signing up, check your email for a confirmation message, create your password, and log in to the Chaser platform.
- Connect to Sage 50: Select Sage 50 from the integration options and enter your Sage user credentials to establish the connection.
- Get started: Follow the instructions provided in the Chaser app to set up your integration and optimize your receivables management.
For further guidance on using Sage 50 with Chaser, read the help centre article here.
Chaser for Sage 50 users
Following Chaser’s integration with Sage Business Cloud Accounting in 2018, this new integration with Sage 50 represents a further development in the fight against late payments. By automating accounts receivable processes and providing insightful data, Chaser empowers businesses using Sage 50 to protect their cash flow more effectively and efficiently.
Learn more about Chaser’s integration with Sage 50 here, or try the new integration out for free here.