International Finance Awards 2019

Acquisition International - 2019 International Finance Awards 25 Satago leverages its unique technology to revolutionise the way SMEs can unlock working capital tied up in unpaid invoices and manage their debtor book. Its solution integrates with accounting packages and uses its intelligent risk analysis to significantly simplify and democratise access to responsible and affordable business finance. Satago Financial Solutions Limited nvoice Finance provides SMEs with the opportunity to unlock working capital in order to thrive. It enables them to fund growth and overcome cashflow shortfalls ensuring they can pay suppliers and meet payroll and HMRC costs. Despite these benefits, traditional Invoice Finance facilities can be restrictive and difficult to manage for SMEs, often tying them into long term onerous contracts with lots of additional fees. Satago is different in that it puts the business back in control and promotes an ethical lending mantra. SMEs simply integrate their cloud or desktop-based accounting software with the Satago platform to gain immediate access to the flexible invoice finance solution. Invoices can be financed on an individual basis, with no long-term obligations and a simple and fully transparent pay-as-you-go pricing structure. Satago can provide funds in as little as 24 hours with advances of up to 85% of an invoice’s value. We also don’t require personal guarantees or debentures, ensuring SMEs have the cashflow peace of mind and flexibility they need to focus on sustainable growth. Unlike traditional finance providers, Satago also offers support throughout the entire payment cycle. The platform provides SMEs with free access to credit risk data on both existing and potential I customers, thereby minimising the risk of bad debts and helping to empower trading decisions. SMEs remain in full control of their customer relationships, but are also given free to use debtor chasing tools that automate credit control and significantly reduce the associated admin burden. “At Satagowe believe that it is important to help SMEs grow sustainably by providing them with not only flexible financial solutions, but also with the right tools to tackle late payments and raise awareness of their customer’s risk profile” said Sinead McHale, CEO of Satago. “We are delighted to be recognised with this award; recognition like this helps us promote the availability of alternative finance to SMEs in times of increased cashflow uncertainty.” Satago is a champion of small businesses and those that serve them. Moving forward, supporting SMEs and ensuring they have access to responsible lending and cashflow support will remain the firm’s ongoing focus. Company: Satago Financial Solutions Limited Contact: Sinead McHale Website: https://www.satago.com/ Best Corporate Invoice Finance System Provider 2019 – London