FreshBooks Teams With Barclays To Help UK SMBs With Accounting

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In an effort to assist small business owners in Britian on a greater scale, small business accounting software company FreshBooks has teamed with Barclays to offer joint offerings to customers in the country.

The two companies plan to connect Barclaycard Payment offerings with FreshBooks’ cloud billing and accounting infrastructure, according to a Wednesday (Nov. 25) announcement.

“Our goal is to develop best-in-class payment solutions to help our clients grow, and integrating with FreshBooks’ award-winning platform offers us a fantastic new avenue to achieve that,” Nicole Olbe, managing director of partnerships at Barclaycard Payments, said in the announcement.

Olbe noted that the company would provide additional details on the partnership next year.

The news comes after FreshBooks teamed with Three UK, the telecom and mobile service firm, in 2019. Furthermore, FreshBooks has sped up its expansion in the British market by rolling out a marketing effort designed to reach those who own companies in Britain.

FreshBooks clients in Britain already can use a collection of functionalities recently rolled out to assist small business owners with handling their everyday activities. Those features include a direct debit option, a mileage tracker feature and a tax filing function.

“Above all else, FreshBooks prides itself on being software that is built for owners,” FreshBooks CEO and Co-founder Mike McDerment said in the announcement. “With the release of recent U.K.-specific features like Direct Debit and FreshBooksMTD, we’re excited to deliver more ways for business owners in the U.K. to easily manage their day-to-day business needs, all from within FreshBooks.”

FreshBooks, which is based in Toronto, Canada, says it has paying clients in 100+ nations throughout the globe.

In September, the company said it bought Mexico-based digital invoicing company Facturama.

Facturama helps small companies, upstarts and self-employed users get a better grip on their finances through digital invoice management, reporting and “other organizational services,” according to an announcement at the time.