June 5: New Sage Exchange Payment Management System Reduces Complexity of Payments Environment, Saves Time for SMBs

Sage North America today announced that small and midsized businesses (SMBs) are saving time and reducing complexity using the new Sage Exchange Payment Management System to consolidate all of their payment activity onto one platform. In an always-on, 24-7 world, SMBs can use Sage Exchange to easily monitor and manage the payments from all their sales environments: on the web, over the phone, through mobile devices, or at their storefront.

That consolidated activity and information can be accessed and administered online from anywhere, using a single user name and password. SMBs can manage not only credit card transactions, but also gift cards, mobile payments, and checks in real-time, allowing for better control of their cash flow.

“We used to connect our website to Sage for processing and use the Sage Virtual Terminal to pull reports and collect payments against orders,” explained Steve Brown, founder of Zephyr Hardware, a Columbia, Md.-based provider of mobile point of sale (POS) and other services for the U.S. and worldwide restaurant and hospitality industry. “To access reports, we needed separate log-in information to get to a separate web site. Now, with Sage Exchange, everything is resolved under one umbrella, which saves us a lot of time and is huge for our small but rapidly growing company.”

“Sage Exchange allows us to combine our 20 merchant IDs (MIDs) into one place, [and] I can easily go from the dashboard to the virtual terminal and do all the batch reporting in one place,” said Crystal Lowrance, accounting manager for Scottco, an Amarillo, Texas-based provider of plumbing, drain cleaning, heating, air conditioning, and electrical repair, replacement, and maintenance services.

Sage Exchange also allows businesses to connect their Sage accounting or enterprise resource planning (ERP) software to their payment devices for automated reconciliation of payment activity, plus access the Sage support group or self-service portal.

The new Sage Exchange Payment Management System was built on three core components:

  • Consolidated access to all payment accounts and devices
  • Advanced payments administration and reporting
  • Simple integration tools to connect payment solutions with Sage accounting products

Sage Exchange gives SMBs a simpler way to view, manage, and integrate their payments program. For additional information, visit: http://na.sage.com/us/sage-payment-solutions/sage-exchange

About The Sage Group, plc

We provide small and medium-sized organizations with a range of easy-to-use, secure, and efficient business management software and services—from accounting and payroll to enterprise resource planning, customer relationship management, and payments. Our customers receive continuous advice and support through our global network of local experts to help them solve their business problems, giving them the confidence to achieve their business ambitions. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and entered the FTSE 100 in 1999. Sage has over 6 million customers and more than 12,700 employees in 24 countries covering the UK & Ireland, mainland Europe, North America, South Africa, Australia, Asia, and Brazil.

For more information about Sage in North America, please visit the company website at Sage.com. Follow Sage North America on Facebook, Facebook.com/Sage, and Twitter, Twitter.com/SageNAmerica.

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Press contact

Cynthia Sutton
Sage North America

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