Empowering Businesses with an Easier Access to Financial Resources

Human beings’ climb to the top of that food chain has been orchestrated by many different factors, but at the same time, no factor can be deemed more important here than our ability to grow on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new fintech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

Swoop, a fintech company specializing in funding solutions and Sage, the leader in accounting, financial, HR, and payroll technology, have officially signed off on a global partnership, a partnership which will help businesses and accountants access a wide range of funding opportunities. According to certain reports, the new partners will deliver on their promised value proposition through a user-friendly platform that connects businesses and accountants with the financial resources they require. But what sort of resources do we actually have in the mix here? Well, at launch, the platform will unlock for you an easier supply of things like grants, loans, equity investments, and plenty more. Furthermore, the users can also leverage this technology to effectively streamline the application and approval process. We touched on potential utility for accountants; they can reap a huge amount of advantage from such a platform, considering it lets them bank upon specialized tools to guide their clients throughout their individual funding journeys. Complimenting the same is how Sage accountants can enjoy Swoop for Advisors platform at a discounted price. Swoop users, on the other hand, will have the means to integrate Sage Intacct and Sage Business Cloud Accounting software to uncover financial insights, unlock business savings, and access financial tools such as cash flow forecasting.

“In a world full of fluctuations, with inflation and interest rates on the rise, businesses are facing unprecedented challenges, so it is important to make business finance more accessible and less daunting,” said Chip Mahan, Global Commercial Head, Fintech, Payments & Banking at Sage. “This partnership with Swoop aligns perfectly with our mission and will make accessing essential financial capital quick and easy, ensuring businesses have the support they need to succeed.”

The development in question provides an interesting follow-up to one research conducted by the Sage foundation where it was claimed that the lack of adequate funding remains one of the most significant obstacles businesses encounter on their journey to success.

Another way the new platform marks a major moment for the financial industry is rooted in its ambition to provide an equitable access to all financial instruments. This pursuit is already up and running, with underserved, black female founders in Atlanta becoming one of the first beneficiaries. Making the stated feat even more important is a separate Sage report which revealed a story of systemic barriers keeping these founders away from capital and resources essential for achieving sustainable growth.

“We are thrilled to partner with Sage to bring our funding expertise to businesses and advisors worldwide. Together, we will simplify the path to financial empowerment for businesses of all sizes,” said Andrea Reynolds, CEO of Swoop.