Debtors can be a real headache, messing up your cash flow and needing constant follow-ups. The easy fix? Automatic payments. They take away the hassle and ensure you get paid instantly when it's due.
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Chasing payments is frustrating. Auto payments ensure invoices are paid on time, freeing your team to focus on growth and customer engagement.
Forwardly uses instant payments technology to move money between banks in about 60 seconds. If your bank doesn’t support this, you’ll receive payments for free with our Standard Same-Day ACH option.
Consistent cash flow and predictable income make life easier. With automatic invoicing and payments, you can avoid outstanding debts and know exactly what resources you have.
Automatic payments boost your financial stability and customer relationships. Forwardly handles reminders and syncs with your accounting software for instant reconciliation, making things easy for you.
Watch how quickly Judy onboards a new client in just a few simple steps.
Judy creates an invoice on Forwardly and it automatically created a bill Sam's accounting system
Judy requests a payment from Sam at Maple Syrup Enterprises and enables Auto Collect.
Sam is prompted to connect through Plaid with the bank account they would like to pay from.
60 seconds later - 3:00PM
Next month, Judy receives the money in her firm’s bank account automatically when due.
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% (Minimum $1, maximum $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, Xero, FreshBooks, and Zoho Books, to help improve cash flow for accounting firms and their small business clients. 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.