In a significant move for small and mid-sized businesses (SMBs), Sage has announced an expanded collaboration with Amazon Web Services (AWS) aimed at accelerating the adoption of AI in financial workflows. During the Sage Future event in San Francisco, the partnership promises to deliver innovative, cloud-based solutions tailored for evolving market needs. With ever-increasing interest in AI, IDC predicts that global spending will grow by nearly 32% annually through 2029. However, SMBs often grapple with the complexities and costs associated with modernizing their financial systems. Steve Hare, CEO of Sage, emphasized this challenge, stating, “AI presents a massive opportunity for small and mid-sized businesses. But they need AI they can trust, with the right support, tools and infrastructure to adopt it.” This collaboration seeks to bridge that gap. Here’s what small business owners need to know about the key benefits and challenges of this initiative.…