News, views and analysis from the A/NZ tech sector
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Hi there,
Getting working capital isn’t easy, especially for small and medium sized businesses.
Enter a growing number of alternative cashflow solutions being lead by invoice financing as the lowest hanging fruit. In a crowded market, MYOB has taken it a step further, integrating invoice financing into its software through a partnership with fintech Butn.
The deal could help SMBs unlock cashflow by providing simple access to immediate payments on invoices – at the click of a (ahem) button.
It’s just one of an increasing number of deals being done as fintech comes of age. This week also saw the launch of Square Loans in Australia – its first financial services offering outside of the US. Last year MYOB rival Xero acquired cloud-based invoice lending platform Waddle while Australian BNPL player Zip Co, hot off announcing impressive financials, is throwing itself into the SMB market, offering a credit service of up to $150,000 to small businesses.
And speaking of change, we take a look at how to implement a digital communications plan for your business. It’s one way to help lower costs, improve response times and up customer satisfaction – if it’s done right. So what’s your plan?
Enjoy the read,
Heather Wright
Editor
editor@istart.com.au
In this issue
MYOB adds invoice financing at click of Butn
Alternative cashflow solution offered…
“Smooth cashflow will be critical for businesses as they move to regain normal trade.”
Local IT spend bounces back after lacklustre 2020
Customers and content as enterprise software spend surges…
Funds will more frequently come from departments outside IT and be charged as a cost of revenue or cost of goods sold.
Tech spending transparency improves business outcomes
Know where your tech spend is going…
“Many companies struggle to get a clear picture of … whether or not the investment is worth it.”
Financial services and banking tops for security culture
But who is bringing up the rear?…
“It is surprising that more organisations are not succeeding in this area.”
Microsoft ups healthcare play with Nuance buy
US$19.7b doubles your healthcare TAM…
AI is technology’s most important priority, and healthcare is its most urgent application.
Digitising your comms
Getting a win-win-win outcome…
Plans must be integrated with plans for core systems, customer communication solutions and CRM.
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