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Stripe Announces Expansion of Revenue and Finance Automation Suite

Friday 28th April, 2023

Stripe has announced the expansion of its revenue and finance automation suite, aiming to offer companies control over their cash flow life cycle.

The expanded solution aims to eliminate the inefficiencies of legacy finance tools and to support revenue growth by coordinating billing, reporting, tax, and data services in a modern stack.

 By launching Revenue Reporting and upgrading other services, Stripe prioritises bringing the same users-first approach that they brought to payments.

Businesses will have the possibility to use Stripe’s platform for payments or subscriptions, then, along with their development, they can switch to other revenue and finance automation products in order to support work, such as VAT or billing quotes. Established businesses will also benefit from these solutions, having the capability to streamline their back-office processes.

The idea being that fast-growing businesses like OpenAI no longer need to cobble together as many integrations from multiple software providers, a single integration with Stripe works instead. They can start with Stripe for payments or subscriptions; then, as they grow, they can easily switch on other revenue and finance automation products to support work like billing quotes and VAT.

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Avalara

Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, eCommerce and other financial management system providers, Avalara delivers cloudbased compliance solutions for various transactional taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Canada, the U.K., Belgium, Brazil, and India.