In a move that lets small businesses take card payments and monitor income, accounting platform Clear Books has integrated with Stripe. The connection enables small businesses with a Clear Books account to take invoice payments by credit and debit card, according to an announcement.
Clear Books said the card acceptance feature can speed up cash flow: As businesses simplify the payment process, they can receive payment quickly. Business can also see the current payment status on bills, with invoices automatically categorized as paid after clients pay them.
Online shopping companies that harness Stripe on their own sites can also automatically ingest banking data into their Clear Books software. In addition, Clear Books also keeps clients and payments Stripe charges separate. As a result, businesses can easily classify and keep track of these items.
In separate recent news, Stripe has announced that Dhivya Suryadevara will fill the company’s chief financial officer role. Suryadevara comes to the firm from General Motors, where she held the same executive position.
More than 400 new staffers have arrived at Stripe to date in 2020, and the firm now counts a labor force of 2,800 in 16 offices. Additionally, Stripe has launched its service in 15 new countries in Europe, Latin America and Asia Pacific.
The news came as Stripe indicated that Mike Clayville would be joining the firm to help with growing the company’s global sales organization.
And, in recent Clear Books news, British FinTech Revolut recently said it would “integrate” its offerings with Clear Books.
The firms noted in a statement that the effort would let clients “view transaction records, track whether invoices are paid or outstanding, quickly record bills and expenses, and automatically create great financial reports.”
Revolut began by providing prepaid debit cards that let users steer clear of foreign exchange charges during international travel. The company, which was started in 2015, has evolved its portfolio since then to also provide business banking and digital currency trading.
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