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MYOB partners with cash flow funder
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The accounting software platform has partnered with a cash flow financier to assist SMEs with managing cash flow.
Business management platform MYOB has announced a strategic investment and multi-year partnership with Butn Ltd, which will deliver MYOB with a fully integrated invoice funding solution for its customers.
Under the partnership, MYOB’s Australian small-business customers will have access to upfront payments of outstanding invoices through Butn’s products.
The undisclosed investment has formed a part of Butn’s $12.5-million funding round, with the integration into MYOB Essentials software intended to deliver a one-time application process for eligible businesses, to create “efficient, ongoing transactional business funding”, the groups said.