back Back

GoCardless & Intuit QuickBooks team to strengthen Australian SMBs

By Gloria Mathias

April 22, 2024

  • APAC Fintech
  • Australia
  • Australia news Fintech
Share

GoCardless, Sage, Bank Payments, Open Banking Payments, Direct Debit, Payment Service Provider, FinTech, UK, Australia, APAC Fintech, SMBs, Australia news Fintech, GoCardless, the bank payment company, has announced an integration in Australia with Intuit QuickBooks’ financial management software.

The new GoCardless app, available in the Intuit Quickbooks Store, will allow Australian QuickBooks users to tap into Direct Debit, helping them to reduce late payments and improve cash flow.

The GoCardless integration will allow Intuit QuickBooks small business users to gain greater control of their finances. On the date an invoice is due, payments are automatically collected directly from their customers’ bank accounts and reconciled on the Intuit Quickbooks platform. Direct debit payments also cost less to process when compared to payments made by credit cards.

In turn, small businesses can offer their customers more secure and seamless payment experiences, removing the hassle of updating expired, lost, or stolen card details and the need to initiate manual bank transfers. For small businesses, this reduces the risk of customer churn, late payments and failed payments.

Seb Hempstead, VP of Partnerships at GoCardless, said, “Our integration with Intuit QuickBooks is one way we can make life easier for small businesses in this tough economic environment. By reducing late and failed payments, plus the associated admin, and enabling automatic reconciliation, we can free up cash flow and keep costs down. This means that SMBs can spend more time growing their businesses.”

Lars Leber, VP and Country Manager of Intuit QuickBooks Australia, said, “We are excited to expand our international relationship with GoCardless to Australia. Our goal is always to make the lives of QuickBooks customers easier. Through this integration, businesses can put time back into other areas of their business that were previously dedicated to bookkeeping and chasing payments, while customers will not have to worry about their service expiring when their card does. With GoCardless, we are providing efficient solutions tailored for small businesses.”

This regional integration builds on the existing relationship between GoCardless and Intuit QuickBooks in the United Kingdom. Along with launching a new app in Australia, GoCardless has also introduced an app on the Intuit QuickBooks Marketplace in North America.

Previous Article

April 22, 2024

Midas raises $45m to roll out crypto, mutual fund & savings account products

Read More
Next Article

April 22, 2024

Mastercard launches app to simplify travel and business expenses

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

APAC Fintech

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

Today

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Today

Wakanow selects Outpayce B2B Wallet for virtual payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024