• Sage launches Credit Hound Express for Sage 50 Accounts to help Small & Medium businesses alleviate the pains of late payments

• Dedicated credit control solution to help save up to ten hours a week in administration

Sage, the business software and services provider, today announced it has teamed up with credit control software experts Draycir to bring to the market an exclusive product for Sage 50 Accounts customers. Designed to help Small & Medium businesses manage risks, improve cash flow, reduce bad debts and improve their bank balance, Credit Hound Express for Sage 50 Accounts aims to save each customer up to ten hours a week in administration activity.

"With the average small business spending almost 350 hours every year chasing late payments, we are dedicated to helping our customers eliminate late payments in order to spend more time and money putting value into their business. Late payments is a significant issue for businesses, especially smaller and medium-sized companies. We are fully committed to making the landscape easier for them to thrive and grow, and Credit Hound Express for Sage 50 Accounts is an exciting initiative in this space," said James Beard, Head of Business Development, Sage.

Money GBP 1 (PD)"Chasing late payments and bad debt is a huge pinch point for Small & Medium businesses," added Philip King, CEO at the Chartered Institute of Credit Management, "and is indeed a subject that arouses considerable debate among businesses of all sizes. Encouraging Small & Medium businesses to utilise tools that help them to improve their cash flow is a key imperative, and we welcome the work by Sage in driving best practice. The credit professionals we represent understand the value of automating, simplifying and speeding up the administration of credit management to complement good practice."

The launch follows Sage's recent announcement of strategic partnerships with MarketInvoice and Funding Circle to provide faster, more flexible access to alternative finance.

Credit Hound Express is a product that is exclusive to Sage and is available only to Sage 50 Accounts customers who are on subscription or have a Sage Cover Extra contract.

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