B2B Payments

ezyCollect Targets Micro Firms With Unpaid Invoice Services

Small business accounting platform MYOB is helping some clients chase down unpaid invoices through a new partnership with ezyCollect.

The companies revealed their collaboration Monday (July 24), announcing plans for MYOB Essentials to offer ezyCollect services to users.

"Small business owners are busy and stressed out," said A.J. Singh, managing director of ezyCollect in a statement. "They can't afford to lose a day, a week, chasing money that is owed to them." Singh added that the solution hands small business owners "big business methodology" to improve cash flow, even when they do not have the resources to chase outstanding invoices from customers.

MYOB has previously enabled other integrations with ezyCollect, but this is the first time it is available to its Essentials solution, according to reports.

According to IT Wire, ezyCollect's services have traditionally been geared towards medium-sized enterprises. But working with MYOB is helping to add small businesses into the mix.

"Every small business that has done the work and issued the invoice has the right to be paid on time," Singh told the publication. "Resources are few and far between in any micro or small business, so being able to automate the time-consuming task of accounts receivable can free up man hours for performing other essential tasks, such as sales and business development."

The company's integration with MYOB Essentials follows months of beta testing the service with several small business clients, according to the news release. The tool is offered to small business owners for free as a 30-day trial.

——————————

NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

Click to comment

TRENDING RIGHT NOW