Around a year ago, MYOB added a feature that allows small businesses to have invoices from participating suppliers sent directly to their MYOB in tray for processing. The latest company to join the scheme is Bunnings.
Bunnings is "the single biggest invoicer in Australia," MYOB general manager of product Dave Weickhardt told a media briefing shortly before the start of the MYOB Connect partner conference in Melbourne this morning.
"They don't integrate with anyone else," he added.
Weickhardt noted that the list is heavily weighted towards the trades sector – even more so with the addition of Bunnings – but made no apology because they are the small businesses most likely to need to recharge items to their customers.
MYOB also announced today the new MYOB Rewards program.
To be launched in October, MYOB Rewards allows small businesses to accumulate points by paying their bills with credit cards via the MYOB PayBy service.
This service allows bills to be paid using debit or credit cards even though the payee does not otherwise accept card payments. It works by transferring the funds to the payee's nominated bank account.
MYOB Rewards points will be redeemable for flights, accommodation, digital gift cards, or in payment of business expenses.
"We are excited about the joyful moments MYOB Rewards will give small businesses day to day," said Weickhardt.
The scheme is funded from the surcharge applied to PayBy payments, he told iTWire.
In related news, MYOB is preparing to introduce low-cost debit card options for supplier and payroll payments. These transactions will not accrue MYOB Reward points.