Mobile technologies are quickly blurring the line between our personal and work lives, to the extent that our lives nowadays seem to be governed by a tiny device called the smartphone. For people running a business, having a central device to stay in control of their business can be extremely handy.
In line with this, we’re proud to announce our latest solution in the works, MYOB PayDirect. MYOB PayDirect will be a free mobile app that enables business owners to take payments, send receipts and manage their invoicing and contacts on-the-go and is integrated with AccountRight Live. The app will essentially turn your smartphones into payment terminals.
Why MYOB PayDirect?
Our research shows 1 in 10 business operators already take payments on-the-go but 1 in 3 say they would benefit from being able to. They could significantly improve their cash flow, a top five SME pain point, by incorporating this solution into their business – taking payments on the spot and receiving funds in 2 days instead of in 30, 60 or 90 days. You can run business from your pocket and work even more effectively while out of the office.
For accountants and bookkeepers, MYOB PayDirect will also help realize the vision of a paperless office. As clients sync payment straight from their phones to AccountRight, this will reduce data entry, improves accuracy and saves time.
We’ve found that some clients are satisfied with a desktop solution and others happily work in the cloud, but what they have in common is a desire to manage their business from their pocket whenever they need to.
Who is it for?
PayDirect suits any SME – from tradies, market stall owners, personal trainers right through to active mobile businesses – who need to get paid fast, and also manage their business on the go
When will it be launched?
For Australia, a limited release will launch late in Q1 for early adopters, with the general release planned for Q2 2014. For New Zealand, it will be launched in the second half of this year.
Which features will be released?
The feature set for Q1 in so far is:
- Payments – turning a compatible iOS or Android smartphone into a mobile merchant terminal, taking payments on-the-go, sending receipts and improving cash flow. For payments, business owners can connect a card reader to their smartphone, providing an easy and secure way to receive credit card* payments. EFTPOS compatibility will be available later in the year.
- AccountRight Live integration for clients running their accounts in the cloud, which adds:
- Invoicing – for managing, creating, editing and sending invoices
- Contacts – for managing, creating and editing contact details of customers and suppliers, including maps and driving directions
Integration with the MYOB Essentials* range and many additional features will follow over subsequent months.
We’re now taking registration for a limited pre-release of MYOB PayDirect. If you are interested, be the first to get your hands on this nifty solution.
*VISA and MasterCard only
*MYOB Essentials is the new, richer version of LiveAccounts launching early April