Stripe, a payment services provider, has expanded its revenue and finance automation suite to Asia Pacific. The suite aims to streamline cash flow management for businesses by integrating billing, tax, reporting, and data services into one modern stack, eliminating the inefficiencies of traditional finance tools.

The revenue and finance automation suite allows finance teams to work more efficiently, freeing them to focus on other essential aspects of their business.

The suite includes tools for customer acquisition and revenue management, tax compliance and reporting, and data analysis, all built on Stripe’s industry-leading payments architecture. These tools have helped businesses earn an additional US$3.8 billion (S$5.07 billion) in revenue in 2022 by reducing churn and payment failures.

Key features of the expanded suite include a new Revenue Reporting tool, Stripe Tax API with multiprocessor support, no-code revenue recovery and retention automation, subscription schedule management in the Stripe Dashboard, a new Salesforce CPQ connector, and automatic reconciliation capabilities.

Numerous businesses, such as OpenAI, Slack, Deliveroo, and Electrolux, have adopted the suite. It has been used as a powerful and efficient solution for managing revenue and financial operations.