Sage examines credit card service for SMEs
Sage is to investigate supplying UK small businesses with credit and debit card processing services in the future, following its purchase of Verus in the US
Sage is to investigate supplying UK small businesses with credit and debit card processing services in the future, following its purchase of Verus in the US
While discussing Sage’s interims, finance director Paul Harrison revealed
that the group would look at opportunities to move further into the transaction
processing sector across the globe.
‘At the right time we could look to adapt into local territories, either
using Verus or through acquisitions,’ said Harrison.
Sage posted a 19% growth in pre- tax profit for the six months ended 31
March, to £455.9m from £385.6m. UK revenues grew to £99.5m from £95.6m.
Harrison told Accountancy Age that the group does not fear private
equity rivals in the battle for acquisitions, despite being publicly outbid for
Norwegian business software giant Visma last month by Hg Capital.
‘Visma was the first public demonstration of our willingness to walk away,
but there have been many private deals where we have,’ said Harrison.
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article