Tyro is able to offer flexible, same-day settlement and payroll integration to benefit Australian SMEs, due to SME Finance Forum member Xero’s accounting software. 

Tyro has deleted an extra step of separately processing payroll, instead merchants can submit their information directly through Xero, which is linked to a Tyro Smart Account, according to the article. 

CEO at Tyro Robbie Cooke shared, “Flexible Same-Day Settlement gives Tyro merchants the ability to receive their funds daily, and the integration with Xero payroll increases efficiency, so SMEs can tailor their own cash flow and payments, reinvest into their business and run a smoother operation.”

Feedback from SMEs utilizing the Xero payroll integration reveal it has gained the SME customers’ support.