Accounts receivable (AR) automation system Gaviti is partnering with accounting, financial, HR and payroll firm Sage to better manage invoices, IBS Intelligence wrote Wednesday (May 18).
This will see Graviti integrating its account with the Sage Intacct cloud management system, which will let customers of both companies streamline their user collection processes and bolster buisnesses’ overall cash flow.
The report noted that through this collaboration, the companies will be able to cut down on days sales outstanding (DSO), automate their AR processes and let their collections teams focus on more important work.
“Businesses are empowering accounting departments with software capabilities, just as they are with other business-critical teams,” said Alex Komarovsky, co-founder and chief technology officer at Gaviti. “This partnership was driven by our customers who rely on both Gaviti and Sage Intacct to manage revenue streams.”
Receivables, the release noted, are “intensive processes” that, despite their importance, make it so team members usually have to do things manually to work on invoices.
The partnership will reportedly focus more on an accounting and collections-focused software that will add Software-as-a-Service (SaaS) solutions that other teams like sales and marketing can already use. The goal is to create a “centralized workplace” that any stakeholder can make use of.
Sage also bought the cloud-native retail management system Brightpearl last December, PYMNTS wrote, after already having a 17% minority stake in that company.
Read more: Sage to Buy Retail Management Platform Brightpearl for $ 300M
Sage’s intent was to use that partnership to boost growth and add more value proposition for midsize businesses, adding more to its digital network. Brightpearl offers a SaaS retail operating system, allows for real-time business insights and helps customers automate workflows.
“Sage’s purpose is to knock down barriers so everyone can thrive,” Sage CEO Steve Hare said at the time. “Together, Sage and Brightpearl will remove the barriers that hold back retailers and wholesalers, streamlining their systems and enabling them to focus on growth.”