Debtors can often create a significant headache for businesses, disrupting cash flow and requiring time-consuming follow-ups. One of the best solutions is a simple one: automatic payments that remove the headache and help your business receive payments instantly the second they’re due.
Get paid on time
Chasing payments is one of the most frustrating parts of running a business. Auto payments offer peace of mind, knowing that your invoices are being paid on time without the need for constant monitoring and follow-ups. This alleviates stress and frees up your team’s valuable time for more strategic tasks, such as business growth and customer engagement.
Forwardly sends payments using instant payments technology that moves money from bank to bank in around 22 seconds. For banks that don’t support Instant payment technology, the payment is received for free as our Standard Same-Day ACH option.
Predictable income with a consistent cash flow is the best. Knowing what resources will be available to be allocated ahead of time makes life easier for everyone. With automatic invoicing and payments, you can forget about leaving room for outstanding debts..
Automatic payments benefit your financial stability and enhance customer relationships by eliminating manual payment reminders. Want to build better relationships? Start with removing the need to remind them to pay their bill. Forwardly also syncs with your accounting software to automatically reconcile the payment in your books immediately, giving you even less to think about.
Choosing to receive payments automatically with Forwardly is the same cost as requesting the payment manually. If your bank supports receiving instant transactions, then the transaction will process Instantly and will cost 1% plus $1 (capped at $10 per transaction) to receive. If your bank doesn’t support Instant transactions, we’ll process your transaction for free as our Standard Same-Day ACH payment option.
Automatic payments can significantly reduce overdue invoices by ensuring that payments are made on time and without any manual intervention required. With automatic payments using Forwardly, you can set up automated schedules for recurring or regular invoice payments. This helps maintain a consistent and reliable payment flow for your business.
Forwardly works with leading accounting systems, including QuickBooks Online and Xero, to help improve cash flow for accounting firms and their small business clients. In order to request a payment from a client or set up recurring payments, you will need to connect your accounting system.
Absolutely! We send a reminder before the payment is set to go through, reminding your client that if the money isn’t available, then we won’t be able to process the transaction. For more information, see our support portal.