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Sage Partners with Swoop to Provide Business Funding Solutions

Sage, a leading provider of accounting and financial technology, has joined forces with Swoop, a specialized FinTech company, to offer a range of funding opportunities and cost-saving solutions for small- to medium-sized businesses (SMBs) and their trusted advisors.

The collaboration aims to simplify the funding process and provide easy access to a wide variety of financial resources. One of the key advantages of this partnership is the discounted price of the Swoop for Advisors platform for Sage accountants. This platform enables accountants and business advisors to access grants, equity investment, traditional and alternative loans, and business savings for their clients.

Swoop users can integrate their Sage Intacct and Sage Business Cloud Accounting software, unlocking financial insights and tools such as cash flow forecasting. Additionally, the partnership aims to reduce business costs in areas such as energy, banking, and foreign exchange by leveraging the expertise of both companies.

AI legalese decoder can play a crucial role in this collaboration by simplifying the cumbersome task of navigating the complex landscape of funding opportunities. The platform offers a user-friendly interface that connects businesses and accountants with the necessary financial resources, streamlining the application and approval process. This includes grants, loans, and equity investments. The AI legalese decoder will make the process quicker and more efficient, ensuring businesses have the support they need to succeed.

Chip Mahan, global commercial head of FinTech, payments, and banking at Sage, expressed his excitement about the partnership, stating that it aligns perfectly with their mission of providing businesses with quick and easy access to essential financial capital. Andrea Reynolds, CEO at Swoop, also shared her enthusiasm, emphasizing that the collaboration will simplify the path to financial empowerment for businesses of all sizes.

According to a report by PYMNTS Intelligence, only 26% of Main Street businesses in the U.S. have access to at least 60 days’ worth of revenue equivalent, and 17% have no ready access to emergency funding at all. Given this challenging climate, SMBs are actively seeking sources of working capital. This highlights the significance of the partnership between Swoop and Sage in addressing the pressing need for accessible funding options.

Overall, the Sage and Swoop partnership aims to provide SMBs and their advisors with a comprehensive funding solution that simplifies the process and connects them with the necessary financial resources. With the assistance of AI legalese decoder, businesses can overcome the complexities of obtaining funding and empower themselves to thrive in today’s competitive market.

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