Thoughtworks Modernizes Financial Operations with Stripe

Rhea-AI Summary

Thoughtworks joins Stripe's Partner Ecosystem to provide solutions for modern digital commerce and financial operations.

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• Organizations can accelerate entry into new markets, improve customer service, cut costs, and grow revenue with Thoughtworks' Financial Operations Modernization framework powered by Stripe.
• hipages Group partnered with Thoughtworks to develop a new payment system on Stripe's platform, simplifying the payments experience for tradespeople and customers.

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• None.

CHICAGO--(BUSINESS WIRE)-- Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced joining Stripe’s Partner Ecosystem to provide solutions that enable modern digital commerce and financial operations to enterprises of all sizes.

In today’s digital era, organizations must accelerate entry into new markets while delivering better customer service, cutting costs and growing revenue. Businesses are limited by large complex legacy infrastructures, manual processes and specialized skill sets — even culture. With Thoughtworks' Financial Operations Modernization framework, powered by Stripe, operational finance leaders can implement seamless customer experiences, improve speed and accuracy of financial processes, gain better visibility into their financial health and make better decisions.

Australian-based technology company, hipages Group (ASX: HPG), partnered with Thoughtworks to develop a new and improved payment system on Stripe’s payment processing platform.

“We started on our transformation journey because we knew it was the future and we wanted to modernize and help tradespeople better streamline and grow their business while continuing to delight their customers,” said Jeremy Burton, Chief Technology Officer of hipages Group, home of Australia’s #1 online tradie (tradespeople) marketplace.. “Thoughtworks’ financial modernization solution powered by Stripe, has made the payments experience even simpler and smoother for our trusted tradespeople and their customers.”

With Thoughtworks and Stripe, finance leaders can:

• Expand market reach and innovation - Accelerate sales cycles and close even the most complex deals accurately. Empower teams to bring new products and business models to market faster.
• Optimize revenue - Reduce Days Sales Outstanding (DSO) and accelerate new revenue through digital capabilities in billing, payment optimization, collections and recovery and fraud.
• Simplify and improve workforce efficiency - Reduce expenses by automating manual, error prone processes and redirecting finance and engineering team members to higher business priorities.
• Future proof the finance tech stack - Manage total cost of ownership of technology investment more effectively. Leverage modern tools for billing, invoicing, payments, revenue recognition and tax.

"The launch of our Partner Ecosystem coincided with more businesses looking beyond their organization to navigate the internet economy, and Stripe making it easier to find the right partner for their needs," said Dorothy Copeland, Vice President of Global Partnerships and Alliances at Stripe. "By partnering with Thoughtworks and introducing a comprehensive set of partner resources, companies around the world will be able to accelerate their move to online commerce more easily."

“Clients such as hipages are demanding a simplified payment experience to accelerate revenue. In partnering with Stripe, we reduce development time, bolster security, strengthen fraud protection and create superior end-user digital experiences for our enterprise customers,” said Chad Wathington, Chief Strategy Officer, Thoughtworks. “We are passionate about creating extraordinary impact by unlocking business agility with new tools, technologies and best practices that enhance financial management, decision-making and modern digital commerce.”

Supporting resources:

• Watch the hipages video testimonial and read the case study.
• Learn more about the Thoughtworks and Stripe partnership.
• Keep up with Thoughtworks news by visiting the company’s website.
• Follow us on Twitter, LinkedIn and YouTube.

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About Thoughtworks

Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. We are over 11,500 people strong across 51 offices in 18 countries. For 30 years, we’ve delivered extraordinary impact together with our clients by helping them solve complex business problems with technology as the differentiator.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231011707681/en/

Media:

Linda Horiuchi, global head of public relations

Email: linda.horiuchi@thoughtworks.com

Phone: +1 (646) 581-2568

Source: Thoughtworks

FAQ

What is Thoughtworks?

Thoughtworks is a global technology consultancy that integrates strategy, design, and engineering.

What is Stripe's Partner Ecosystem?

Stripe's Partner Ecosystem is a network of companies that provide solutions for digital commerce and financial operations.

How can Thoughtworks and Stripe help finance leaders?

Thoughtworks and Stripe can help finance leaders expand market reach and innovation, optimize revenue, simplify and improve workforce efficiency, and future-proof the finance tech stack.

Who partnered with Thoughtworks to develop a new payment system?

hipages Group partnered with Thoughtworks to develop a new payment system on Stripe's platform.

What are the benefits of the partnership between Thoughtworks and Stripe?

The partnership reduces development time, strengthens security and fraud protection, and creates superior end-user digital experiences for enterprise customers.