SME accounting tool QuickBooks, owned by Intuit, has struck several partnerships this year. The collaborations are still rolling in, however, and spreading across the globe.
Reports published this week said QuickBooks would be working with Australian FinTech lender Waddle. Specifically, their partnership means Waddle will now see its app appear on Intuit’s apps.com store for Australian small businesses.
Waddle will integrate its invoice financing tool into QuickBooks data for small businesses, streamlining the loan application and risk mitigation process. Waddle allows real-time views into invoice payments and balances, reports said.
[bctt tweet=”Waddle will integrate its invoice financing tool into QuickBooks data.”]
According to Waddle Cofounder Leigh Dunsford, the solution targets SMEs’ cash flow problems. “Businesses are often waiting for payments to arrive before they can fund growth and can be the number one reason why they go out of business,” Dunsford said in a statement.
QuickBooks has been connecting with online lending platforms in recent weeks in an effort to utilize the small business financial data it has to secure working capital and other loan products for its SME users.
In additional news, QuickBooks also said this week that its existing partnership with eCommerce site Shopify would expand into Canada. That collaboration, first inked in March of this year, connects Shopify sellers to QuickBooks’ accounting services to make it easier for them to manage and reconcile sales data.
“Many of our merchants are not necessarily experts on bookkeeping, which is why this integration is so important to their success,” said Shopify Chief Platform Officer Harley Finkelstein in an interview with ITBusiness this week. In a separate statement, a spokesperson for Intuit said that the tie-up would help foster the success of Canada’s SMEs and their online ambitions.
The partnership means transaction data from sellers on Shopify now automatically integrates into QuickBooks Online.
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