Managing payments is a critical task for businesses, but it often consumes valuable time and resources. Fortunately, there is a solution that can streamline this process and allow you to focus on what truly matters: growing your business.
Introducing Sage Salary and Supplier Payments, powered by Modulr – a comprehensive online platform that enables your accountant to handle payments securely and efficiently. In this blog post, we will explore the benefits of Modulr and why it is the ideal choice for simplifying your payment management.
There will be no changes to your current payroll process or software, Modulr is effectively an additional module which allows us to also make employee and HMRC payments on your behalf.
- Ensure timely payments:
As a business owner, paying employees, suppliers and invoices on time is essential for maintaining healthy relationships. With Modulr, your accountant takes care of this responsibility, ensuring that everyone is paid promptly. This alleviates the stress and burden of managing payment deadlines, giving you peace of mind.
- Streamlined payment approval:
Modulr introduces a streamlined payment process that saves you time and eliminates manual data entry. While you have the option to review and approve payment batches with just a few clicks, there is also the flexibility to skip the approval step entirely. With Modulr, your accountant can pre-populate payment batches, and we can choose to proceed with scheduling payments directly, ensuring a hassle-free payroll experience while reducing the risk of errors.
- Optimise spending:
By giving your accountant full visibility into your payment activities, Modulr empowers them to optimise your spending. They can analyse your payment data and identify areas where cost savings can be made, ensuring that your financial resources are allocated efficiently. This strategic approach helps you make more informed decisions and drive your business towards greater profitability.
- Gain financial insights:
Understanding your business’s financial health is crucial for making informed decisions and planning for the future. Modulr provides a clear overview of your financial performance without the need to sift through detailed payment information. With intuitive dashboards and performance metrics, you can quickly assess your business’s financial standing and identify areas that require attention.
- Secure and regulated platform:
Modulr is an authorised and regulated Electronic Money Institution, ensuring the highest levels of security and reliability. They adhere to rigorous industry standards, utilising advanced security measures such as web application firewalls, DDoS protection, threat detection, certificate management, penetration testing, and two-factor authentication. Your data, business, and customers are protected, giving you the peace of mind you deserve. Any funds transferred to Modulr are fully protected by the Bank of England.
Here’s how you get started:
- Contact the payroll department to request a quote. Once the quotation is agreed upon, the financial details are finalised, including pricing and payment terms. Next, the payroll department introduces you to Modulr, who provides the necessary registration links.
Speak to James or your main Cottons contact if you want to understand more about this solution.
To learn more about Modulr and how Cottons may be able to help you, please contact James Wathey: