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Sinead

Sinead McHale

01 Oct 2019

Satago enters strategic partnership with Western Union

At Satago we’re committed to helping SMEs grow their businesses and are delighted to announce that we have entered into a strategic partnership with Western Union Business Solutions UK to offer its customers access to our platform. 

A healthy cashflow is critical to any business’s success, yet nearly a quarter of SMEs report that late payments are putting them at risk. Our partnership with Western Union will allow its customers to take control of their finance with access to our platform. As part of the strategic deal, Western Union customers looking to improve their cashflow will be able to access our risk insights and debtor chasing tools, as well as invoice finance. 

Our risk insights tool provides SMEs with insights into the risk profile of their customers and prospects, minimising the risk of bad debt and offering the information they need to make decisions about credit terms. With our debtor chasing tool, customers are able to analyse credit control and automate the chasing of late payments, while invoice finance allows them to take action by releasing funds from unpaid invoices.

Together, these tools can transform an SMEs financial position and we’re thrilled to be able to offer Western Union customers access to each through our platform.

The relationship with Western Union adds to our growing strategic partnership channel, giving more of the UK’s small business access to the tools they need to concentrate on growing their businesses, rather than worrying about their cashflow.

And, of course, for any of our customers that require foreign exchange solutions, the relationship means we’re able to provide direct introductions to the pioneers of cross-border payments at Western Union. 

For more information on our latest partnership please get in touch at 0208 050 3015 or send us an email at hello@satago.com.