MYOB has partnered with Stripe to streamline the way it bills its customers, launching billing as a service in Australia and New Zealand.

The partnership aims to provide users with the ability to bill and manage their customers with greater flexibility and facilitate faster invoice payments. This move builds upon MYOB’s implementation of online invoice payments in New Zealand last year.

With Stripe Connect, MYOB was able to complete the technical build for online invoice payments in just three weeks. Stripe Billing enables businesses like MYOB to bill and manage their customers with flexibility, and optimise their operations with automated reporting and revenue recognition.

Caroline Rawlinson, Chief Operating Officer at MYOB, 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.” She further added, “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.”

Stripe has partnered with over 12,000 platforms as they embarked on their embedded finance journey and helped them design, build, and launch payment solutions with ease.

Karl Durrance, Managing Director at Stripe ANZ, said: “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.”