Xero, Syft Analytics Seal New Deals With ASX's EFTPOS

Digital payments solutions provider, Eftpos, has rolled out its Supplier Onboarding platform, powered by Syft Analytics and accounting software provider Xero.

The new partnership will see EFTPOS expand the reach of its payment services, leveraging the automation, compliance, and reporting capabilities provided by Syft Analytics and Xero.

Syft Analytics will be responsible for providing the data, analytics, and tools EFTPOS needs to automate supplier onboarding, ensuring regulatory compliance and strengthening risk management.

Specifically, Syft Analytics will provide EFTPOS with tools to automate supplier due diligence, streamline vendor onboarding, eliminate manual processes, and improve supplier data accuracy.

As for Xero, the partnership will provide EFTPOS with access to its financial management software, including invoicing, expense management, inventory tracking, and bank reconciliations.

This integration will enable EFTPOS to streamline its financial processes, improve cash flow management and gain real-time visibility into its financial performance. The partnership is a significant step forward for EFTPOS as it looks to expand its suite of payment solutions.

It also underscores the growing importance of automation, compliance, and data analytics in the payments industry.

For Syft Analytics and Xero, the partnership represents another major win as they continue to expand their reach in the business-to-business (B2B) space.