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The two Australian accounting software platforms team up to automate invoicing, fee collection and reconciliation processes for businesses.
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Ignition integrates with MYOB to automate invoicing, reconciliation
06 March 2024
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Ignition has teamed up with MYOB to automate invoicing, fee collection and reconciliation processes in a "game changing" integration for accountants and small businesses.
The integration of the two Australian accounting software platforms would help businesses facing a challenging operating environment, according to Ignition’s co-founder and chief product officer Dane Thomas.
“In 2024, we know that accounting and bookkeeping businesses are navigating through significant challenges such as escalating business costs, staff shortages, and economic uncertainty,” Thomas said.
“Success in this landscape requires a strategic focus on setting accurate prices, managing scope creep, optimising and automating processes, and leveraging the right technology stack – which is why our integration with MYOB couldn’t come at a better time.”
MYOB head of growth Dale Dixon called the integration a “game changer” for accountants.
“By integrating Ignition’s client engagement, billing, and payment capabilities with MYOB’s robust cloud-based invoicing and business management solution, firms can now unlock new levels of profitability and operational efficiency.”
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Ignition’s integration with MYOB would allow businesses to stay compliant by producing automated client engagement letters using industry-standard templates, the software company said.
Users could also gain greater clarity on the scope of work, fees and terms through “effortless proposals” and would also help users “unlock efficiency” through time-saving workflows “that swing into action from the moment clients sign the proposal”.
Ignition customer Vicken Medzoian praised the time-saving benefits that came with the integration with MYOB.
“I don’t need to create an invoice for every job anymore – it’s automatically created by Ignition. That alone saves me 2 to 3 hours a month. It’s more timely and more accurate which leads to better cash flow,” he said.
The integration comes after Ignition announced a suite of upgrades to its platform in September. The additions included Invoice Import, which instantly converted recurring invoices from Xero or QuickBooks online into Ignition proposals.
It also included Instant Bill, a feature that allows accountants to bill and get paid for out-of-scope work without having to draft a new proposal each time.
Ignition’s focus over the past year has been to evolve “significantly” to help firm owners tackle scope creep, late payments and become more efficient in a leaner macro-economic environment, Mr Thomas said.
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