Thriday partners with Visa to eliminate financial admin
In partnership with Visa, Thriday has become the first Australian accounting software to integrate a Visa Debit card*. With a mission to 'eliminate financial admin', the Thriday Visa Debit card* allows small businesses to take advantage of automated banking, accounting, and tax features without the need to reconcile expenses across multiple systems. The all-in-one financial management platform is a first of its kind in Australia.
Using artificial intelligence, Thriday's unique value proposition is eliminating financial admin that plagues business owners' productivity. With Thriday, businesses can stop using a wide variety of tools and avoid wasting over 6 hours a week managing their financial admin.
Thriday CEO, Michael Nuciforo, explained, "Accounting software has traditionally been very siloed from the banking and payment tools a business uses" he continued, "With Thriday, businesses will be able to eliminate the time they spend on managing their card purchases, as all their expense data will be available in real-time in the Thriday platform."
Thriday Visa Debit Card Features
With the Thriday Visa Debit card*, business customers can:
- Enjoy automated expense categorisation, bookkeeping and GST recognition.
- Intelligent receipt scanning and reconciliation to keep accurate records for tax time.
- View real-time cash flow and tax forecasts to assist with financial planning.
- Not have to set up bank feeds and data sharing with external software platforms.
- View and produce detailed expense reporting, including income statement and cash flow reports.
“We are excited to partner with Thriday in providing small business owners with a product that empowers them to manage money effortlessly and securely. Small businesses are vital to Australia’s economy and our priority is to help them at every step of the way,” said Anthony Jones, Head of Digital Partnerships for Visa Australia, New Zealand and South Pacific.
"We are excited to partner with Thriday in providing small business owners with a product that empowers them to manage money effortlessly and securely. Small businesses are vital to Australia’s economy and our priority is to help them at every step of the way”
Justin Bohlmann, Head of Growth at Thriday, added, "Small business owners recognise that good financial management is the most important aspect to running a successful business; however, it's the most disliked part of running a business. By integrating a Visa Debit card*, Thriday takes this problem away whilst still giving business owners the control and information they need to succeed."
With small businesses disproportionately affected by inflation, rising utility prices and an increase in wages, the Thriday Visa Debit card* could be the perfect antidote to the challenges small business owners face. Recent research from the Australian Bureau of Statistics (ABS) found that more than a third (35%) of Australian businesses expect to find it difficult or very difficult to meet financial commitments over the next three months.