Sage and Zürcher Kantonalbank cooperate
Sage, manufacturer of cloud-based business management solutions, is entering into a partnership with Zürcher Kantonalbank. The cooperation between the financial institution and the software manufacturer is intended to benefit startups and small businesses in particular.
The cooperation between Zürcher Kantonalbank (ZKB) and Sage will enable startups and small businesses to better manage their liquidity, settle wages, and automate order processing from quotation to invoice. The focus is on the new Sage Start offer, which ZKB customers will receive at a discount from March 2018. With this cooperation, Sage aims to expand its market position as a leading provider of business management software in the Swiss market. Further collaborations with leading financial institutions are planned.
New solution on the market since November
The new Sage Start solution was launched last November. The product complements the service offering for start-up and SME customers of Zürcher Kantonalbank from March 2018. They will receive a 10 % discount on the Sage Start offering. "We focus on solutions that are both innovative and mature," says Zürcher Kantonalbank. The cooperation with a leading provider of SME software gives the bank the opportunity to decisively expand its range of services for startups and small businesses. Sage sees further growth potential thanks to this cooperation. Tobias Ackermann, Country Manager of Sage in Switzerland, comments: "The partnership is an important step for us to expand our position in the Swiss market. Customer proximity, security and the familiarity of Zürcher Kantonalbank are of central importance to us. In addition, we share the aspiration to free entrepreneurs from administrative tasks so that they can concentrate fully on their core business." Sage says it is looking into cooperations with other financial institutions and insurance companies.
Sage Start for SME customers of Zürcher Kantonalbank
Sage Start (www.sagestart.ch) enables customers of Zürcher Kantonalbank to process orders, quotes, invoices and wages. The integrated financial accounting can be connected directly with the e-banking of Zürcher Kantonalbank - if required, also with any other Swiss bank. In this way, all cash accounts can be reconciled with this software solution. The program assigns the movements in e-banking directly to the appropriate customers and suppliers. This ensures full control over liquidity. In addition to liquidity management, Sage Start automates many double-entry accounting processes in the background.
