Atlassian Chooses Stripe To Develop Unified SaaS Payments Platform

To form one platform for international billing and payments throughout all of its cloud product offerings, team collaboration and productivity software firm Atlassian is teaming with Stripe, according to an announcement.

“We’re leaving all things payments to Stripe so our teams remain focused on strengthening our unique sales motion to bring products to markets for our customers,” Atlassian Chief Information Officer (CIO) Archana Rao said in the announcement.

Atlassian tapped Stripe due to its flexible billing offering and experience collaborating in partnerships with large firms, which would let it streamline its payments and billing systems into one architecture.

The two firms collaborated to design more than 12 tailored functionalities to assist Atlassian in bolstering its sales as its enterprise product collection grows.

Chandra Elango, head of Go To Market IT at Atlassian, said in the announcement that developing a billing solution in-house to serve both small to medium-sized businesses (SMBs) and very large companies is a huge project when a company serves more than 200,000 firms that have anywhere between 10 and 100,000 staffers.

“By partnering with Stripe, we were able to build a scalable purchasing experience for our customers while focusing our engineering resources on bringing our product innovations to our customers faster,” Elango said in the announcement.

Stripe Billing is developed to make the most of subscriptions and operations for enterprise billing workforces. For example, the product is fueled by a machine learning (ML) architecture that is continually learning from more than 100,000 companies on the billing network.

As previously reported, the subscription payment model has proven valuable for payer and payee, with software as a service (SaaS) now a foundational technology for a number of organizations.

On the payer side, accounts payable (AP) departments can employ a “set it and forget it” mindset about paying their subscriptions, providing service providers with a card number that is charged regularly without intervention.

Even though it can run the risk of unmonitored spending, the automated model usually brings about lower administrative workloads while enabling predictable expense cycles.