Today, we’re excited to announce the acquisition of Tickstar, which provides e-invoicing infrastructure and expertise to governments and businesses around the world.
We currently use Tickstar’s technology to connect Xero customers to e-invoicing networks in Australia and New Zealand. This acquisition will provide us with continued access to e-invoicing networks, while providing Tickstar with additional resources to service its existing customers and acquire new ones.
Get paid faster with e-invoicing
We believe e-invoicing is one of the next big innovations that will help small businesses and advisors streamline their accounting work and get paid faster. E-invoicing provides significant efficiencies — reducing administration time, invoicing errors, and the risk of invoice fraud.
It also makes it easy for governments and businesses to pay invoices faster, as the process is automated and there is no need to manually enter data or chase missing information. As adoption grows around the world, e-invoicing is likely to become a best practice standard and natural part of the cloud accounting process, like bank feeds and e-tax filing.
In fact, some governments may mandate e-invoicing in the years ahead. This will be similar to what governments have done with Single Touch Payroll in Australia, payday filing in New Zealand, and Making Tax Digital in the UK.
So if you’re already using Xero, you’ll be in a better position to comply with any future e-invoicing legislation. Take a look at our e-invoicing fact sheet to find out more about e-invoicing, including how it works and where it has been adopted around the world.
Welcoming Tickstar to the Xero team
Tickstar is based in Stockholm, Sweden, and provides e-invoicing infrastructure and services to customers around the world.
Tickstar will operate as a Xero subsidiary company. Following the acquisition, we plan to expand Tickstar’s development team, so they can scale the platform and develop additional product features for their government and business customers.
Investing in the future of e-invoicing
This development in our e-invoicing capability is incredibly exciting, and we look forward to helping you realise all the benefits that e-invoicing brings.
It also opens up opportunities for partners in our App Marketplace to access e-invoicing networks. However, we remain an open ecosystem and continue to welcome and support partners who use alternative access points or proprietary e-invoicing networks.
In the meantime, it’s business as usual for our teams here at Xero, who continue to focus on building a seamless e-invoicing experience for you.