Stripe, the financial services and software company for businesses, announced the expansion of Stripe Billing and Stripe Tax and the launch of a beta version of Stripe Revenue Reporting, which allows companies to more effectively monitor their cash flow.
The suite is intended to coordinate billing, tax, reporting, and data services in one place, eliminating outdated financial tools and improving productivity.
According to Stripe's website, the Revenue and Finance Automation Suite allows businesses to complete more tasks in less time while focusing on business priorities.
New billing features reduce failed payments and customer churn, and a new tax API automates sales tax calculations for transactions in Stripe and beyond. In 2022, Stripe's automated revenue collection capabilities will bring in $3.8 billion in additional revenue for businesses.
It was previously reported that Stripe has improved its services for Australian companies.
A leader in the payment systems market, Stripe also offers a wide range of solutions to simplify tax reporting, dynamic KYC/AML verification, and fraud protection.
