SV Partners, which currently has approximately 4,000 SME accounting firms in its network, will integrate its fee funding and payment service SmartFee into IODM’s debtor management platform.
The configuration of the software partnership is set to take approximately 30 days, going live immediately upon completion.
The managing director of SV Partners, Terry van der Velde, anticipates the move will be of value to its partner network of accounting and legal firms across Australia.
SmartFee's managing director Adrian Jenkinson highlighted the important role the partnership intends to play in improving cash flow for accountants.
“The integration of SmartFee into IODM’s platform provides significant opportunities for professional services firms, from improving their profitability by enhancing their debtor management approach as well as supporting new revenue streams leveraging SmartFee’s fee funding solution,” said Mr Jenkinson.
This deal adds to IODM’s increasing list of partnerships, which includes companies such as MYOB, NAB, Reckon, QBO, NCI, PwC, Integra Pay, Maestrano and Xero.