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Credit and Caution policyholders who use Sage will be able to integrate their credit insurance

The insurer, Crédito y Caución, and Sage have announced the signing of a strategic collaboration agreement that will help Spanish SMEs to sell on credit its customers in a safer, more comfortable, effective, efficient and profitable way.

Under the agreement, the companies insured by Crédito y Caución that use Sage 200 Cloud, Sage 50 Cloud and Sage Dispatches, they will be able to activate CyCred Link to manage their credit insurance from their own business software practically in real time, with a dynamic and automatic synchronization of the credit data associated with each invoice issued by the client of the company that subscribes to the service. The ERP of each insured will be fully integrated with the Crédito y Caución systems to feed on a constant and automatic flow of updated data about your clients and potential clients.

In the wake of the pandemic, more Spanish entrepreneurs have been able to experience the benefits of digitization first-hand, which has boosted their confidence in these technologies. It is vital to take advantage of this moment to strengthen the digital muscle of the Spanish business fabric”, says Emilio Quroga, ISVs & Alliance Consultant at Sage. “The agreement that we have signed with Crédito y Caución goes along these lines and we are convinced that it will become a key ally so that SMEs in our country ensure your success by boosting your efficiency with safety and profitability.

“The synergies of this agreement between two leaders in their respective sectors are enormous, because it implies the ability to integrate credit insurance and the ERP most used by Spanish companies. Information provided by credit insurance is an essential element in making business decisions that many companies manually incorporated into their ERP. This integration constitutes a qualitative leap in effectiveness, efficiency and profitability for our clients, since it automates this task avoiding human errors typical of manual loading and ensures that it is fully up to date”, concludes the head of Innovation and Added Value Services at Crédito y Caución, Sergio Manzano.

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The incorporation of the credit insurance to the ERP will allow to consult, from this management tool, the current risk of each client or request coverage for new business lines of credit. All of this will help companies to automate tasks, avoid errors, simplify processes and keep relevant information updated on risk changes. By integrating billing, companies will be able to automate notifications of Non-Payment Notices, reminders of payment and collection of invoices issued, monthly sales declaration or obtain non-recourse factoring of their invoices through CyC Energy .

The agreement comes at a time when Spanish SMEs face their future with greater optimism and the digitization of their operations is one of the main reasons. According to data from Sage, 75% of entrepreneurs believe in the success of your business within 12 months and 64% now rely more on technology as a growth engine. As a consequence, 56% will increase their investment compared to last year and expect that this will allow them to be more profitable (47%), improve their relationship with customers (38%), save time (37%) or expand their offer of products (32%).

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