Sage Bank Feeds Go Live with HSBC Bank Canada

Richmond, B.C. (April 18, 2019) — Sage (FTSE:SGE), the market leader for cloud business management solutions, today announced that Sage Business Cloud customers in Canada are now able to link to HSBC Bank Canada accounts.

Customers using Accounting, Sage 50cloud and Sage 100 contractor can link to their accounts through Sage Bank Feeds, activating seamless and automatic transactions between HSBC accounts and Sage solutions. The service benefits businesses by enabling the automation of large portions of manual transactional bookkeeping work with data flowing seamlessly from banks into accounting software–freeing up significant amounts of time as businesses drive to increase efficiency and productivity.

Paul Struthers, EVP and Managing Director at Sage Canada said: "Our aim is to help make admin invisible and save time for Sage customers so they can redirect more resources towards growing their business. We are thrilled to partner with HSBC Bank Canada as it takes significant steps to help customers automate and transform how they handle payments with ease."

Before the introduction of Sage Bank Feeds, businesses had to work through the manual process of either typing in bank transactions from a bank statement into their accounting software, or uploading a file manually from their online banking system–tasks that are both time consuming and susceptible to errors.

For HSBC users in Canada, bank feeds will help streamline and digitally transform their accounting routine. With this new system, customers can reduce time spent on manual data entry and gain greater visibility and control over their cashflow, which in turn will enable them to make more informed business decisions and minimize human errors. Additionally, customers can enjoy the benefits knowing that the data is secure and reliable, as HSBC sends its data through a secure encrypted channel to Sage.

For more information, visit: https://www.sage.com/en-gb/products/sage-50-cloud/bank-feeds/.

About Sage

Sage (FTSE: SGE) is the global market leader for technology that helps businesses of all sizes manage everything from money to people – whether they’re a start-up, scale-up or enterprise. We do this through Sage Business Cloud - the one and only business management solution that customers will ever need, comprising Accounting, Financials, Enterprise Management, People & Payroll and Payments & Banking.

Our mission is to free business builders from the burden of admin, so they can spend more time doing what they love – and we do that every day for three million customers across 23 countries, through our 13,000 colleagues and a network of accountants and partners. We are committed to doing business the right way and giving back to our communities through the Sage Foundation.

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Betty Tian
Sage
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Betty.Tian@Sage.com