Sniip, Xero Get Together for SMB Real-Time Billing

Billing, for a small business, can be difficult. Sure, some clients are great about that sort of thing, meeting their obligations rapidly and compensating the hard work of professionals accordingly. Others are much less fastidious, and respond in due fashion. A new connection between Sniip and Xero, however, should provide some help for the small business that just wants to get paid.

The partnership between Sniip and Xero, reports suggest, will ultimately yield a new billing solution that brings together the best of Xero’s accounting software and Sniip’s mobile payments capability. This isn’t the first time that Sniip has been seen working with other companies to produce results, though; Sniip has set up several partnerships with larger firms before, with its co-founder, Damien Vasta, saying the secret to setting up such partnerships is to be “flexible” and address a significant issue with the potential partner.

Sniip has a lot to work with on this front too, offering a mobile payments system that lets users store information in a secure digital wallet for later use in making payments. That means no need to repeatedly enter information, which is a time-saver and an improvement to the customer experience. That means added risk, though, as payment information is contained in one place, which means the container—the Sniip wallet—needs to be appropriately secure.

Since Sniip considers the next generation of bill payers to be largely eschewing PCs, a more mobile alternative made sense. That’s where Sniip is looking to step in and provide a new solution to the upcoming future of small business.

Indeed, a certain amount of disruption is called for in the field, since so many changes have taken place in the interim. With small business users increasingly pressed for time and eager to take advantage of solutions that work by mobile device—allowing them to work wherever the small business owner happens to be—offering these solutions will prove just as increasingly welcome. Financial technology development has been dominated by banks lately, but there are signs that the banks aren’t keeping up the way they should.

This is where the bulk of future small business opportunities will go, and those who are ready to take advantage of these opportunities will ultimately come out ahead.