Financial infrastructure platform for businesses, Stripe is helping streamline the way MYOB bills its customers. The process will increase the leading business management platform’s internal efficiencies for billing customers and visibility of reporting. 

From simple recurring billing to usage-based billing, Stripe Billing enables businesses like MYOB to bill and manage customers with flexibility and optimise operations with automated reporting and revenue recognition. 

MYOB chief operating officer, Caroline Rawlinson said, “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.”

MYOB chose Stripe based on its speed-to-market and follows the implementation of online invoice payments for MYOB’s New Zealand customers last year, using Stripe Connect.

“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,” Rawlinson added.

Stripe Australia and New Zealand managing director, Karl Durrance said, “More than two-thirds (68%) 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.”