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A new partnership with Stripe will enable MYOB to bill and manage its customers more efficiently.
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MYOB and Stripe partnership to streamline billing process
27 February 2024
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9 minute read
MYOB has updated its billing system through a new integration with Stripe, enabling the firm to streamline billing for its customers.
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The implementation of Stripe Billing will help MYOB manage its customers and optimise its operations with automated reporting and revenue recognition.
Stripe Billing allows businesses to collect one-time or recurring payments via card, bank transfers and other popular payment methods instantly, while also syncing billing and payments data with their accounting systems.
“MYOB wanted a solution that would provide greater flexibility, and more automation, to streamline how we bill our customers, so we can focus on bringing more value to them to help them run their businesses,” said Caroline Rawlinson, chief operating officer at MYOB.
“The MYOB platform grows with our customers, bringing together key workflows to enable real time insights and to streamline tasks. One of the biggest headaches for businesses is cash flow, enabling faster invoice payments helps to alleviate cashflow pressures for customers,” said Ms Rawlinson.
The update to MYOB’s billing comes after the implementation of online invoice payments for MYOB’s New Zealand customers last year, using Stripe Connect.
Stripe ANZ managing director Karl Durrance said that 68 per cent of finance leaders believe that streamlining financial operations is an essential part of their company’s strategic growth.
“We’re proud to enable businesses like MYOB to scale, optimise operations with Billing, and continue to support the small and medium sized businesses of Australia and New Zealand. We look forward to helping them drive further success,” said Mr Durrance.
Stripe has now partnered with over 12,000 platforms, helping them design, build and launch payment solutions for their customers.
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