The real-time payment (RTP) cash flow management tool for North American SMBs. Experience seamless financial insights and direct data access with ForwardAI’s innovative solution.
‘Forwardly’ is a new real-time payment (RTP) enabled cash flow management tool for small and medium-sized businesses (SMBs) in North America, according to ForwardAI, the fintech company that offers aggregated direct data access to accounting and ERP platforms.
Forwardly was created by ForwardAI to assist accountants and small business owners in streamlining their financial flow. Existing customers of the new B2B payments platform can use it for free, and it speeds up payment for small firms. Additionally, there is no need to think about bank hours or closures because the service is accessible 24/7/365.
What further benefits does Forwardly provide SMBs, then?
- Receive money up to three days more quickly than with other historical payment methods.
- Spend less: (Compared to credit card processing fees) Save 60–80%.
- Saving time Integration of accounting and bank accounts removes tedious tasks, and fast reconciliation of payments is made possible by direct two-way sync with top accounting platforms.
- No specific bank: The user of Forwardly is not required to pre-fund a settlement account or wallet, open a new bank account, or switch banks.
“Cash flow is the most crucial factor in determining a company’s financial health,” said ForwardAI CEO and co-founder Nick Chandi.
Forwardly “helps businesses accept payments more quickly, keep money in the bank for longer periods of time, and pay less in processing fees, which ultimately results in less time worrying about keeping cash in the bank.”
Forwardly, which aims to improve business workflows, integrates with bank accounts and accounting systems and uses instant and automatic reconciliation for top accounting platforms like QuickBooks Online and Xero, powered by ForwardAI’s recently released “Precise API V2,” which aggregates data from major accounting systems.
A revolutionary long-term payment method
I’ve worked in accounting for more than 20 years, and throughout that time, I’ve seen numerous changes and advancements in the payment processing systems used by small businesses. Christanne K. Wright, the proprietor of Your Wright Resource LLC, outlined why Forwardly provides a beneficial new solution for her clients.
“High credit card processing costs and three- to five-day wait times for money have historically been small business clients’ biggest pain concerns. I’m excited to share the technology from Forwardly with my clients because it drastically lowers fees and gives them instant money receipts. For my small business clients, Forwardly is undoubtedly a game-changing long-term payment solution.
Owner of AvVa Consulting Inc. Hari Venmuri noted that his clients urgently require an improvement in the payment system: As a CPA, he added, “I place great importance on giving my clients the best service possible, especially by enhancing their payment workflow experience.” “The new real-time payment system from Forwardly checks all the right boxes. They are eager to sign up as soon as I tell them I can reduce their fees and speed up the payment process for them.
Service Organization Control (SOC) 2 Type II accreditation for ForwardAI was just completed. The company’s dedication to enforcing stringent IT security standards that safeguard its systems, users, and accounting data from unauthorized access is further supported by this. The fintech company added that by implementing a layer of safety and, when necessary, minimizing event impacts, this gives its users peace of mind.