Australian listed, digital technology provider, Cirralto Limited (ASX: CRO) has launched SpendaCollect, a platform at the core of the company's digital payment stack. SpendaCollect is a dynamic payment platform designed for customers to view and pay one or many outstanding invoices in a single transaction.
Post the significant update, CRO stock edged up by 33.3% on 9 July 2020 (at 1:29 PM AEST) closing at $0.009.
The platform solves the timeless business problem of debt collection with a digital platform that drives cashflow by connecting the customer and merchant to a single source of truth. SpendaCollect has application across several industry verticals and is integrated with small business accounting systems such as Xero, MYOB, and Quickbooks, as well as enterprise resource planning systems such as Microsoft Dynamics and SAP B1.
Customers have started to upgrade to SpendaCollect with a go-live date expected before the end of July.