Forwardly, a modern payment solution for small businesses, announced on July 16 the launch of its integration with FreshBooks, offering FreshBooks clients in the U.S. faster payment options like instant payments and same-day ACH along with automatic reconciliation.
With this integration, FreshBooks users will be able to receive funds instantly from their clients, pay vendor bills on time, and experience a seamless four-way sync feature, automatically syncing all their financial data—including information from customers and vendors—between Forwardly and FreshBooks. By securely connecting Forwardly with FreshBooks, users will eliminate the need for manual data entry and reduce the risk of financial errors.
FreshBooks users can now use Forwardly to request instant payments directly for outstanding invoices. Customers receive secure payment links, allowing them to make payments conveniently and securely. With payments processed in less than 60 seconds, Forwardly automatically reconciles the payment records in the FreshBooks software, providing users with real-time visibility into their financial transactions and more accurate books.
With Forwardly’s FreshBooks integration, there are several benefits to small businesses using both platforms:
- Instant payments: Receive payments instantly, ensuring quicker access to funds and improved cash flow management. Enjoy receiving affordable instant payments for only 1%, capped at $10 per transaction.
- Free same-day ACH: Benefit from free same-day ACH transfers, providing a convenient and cost-effective way to move funds quickly. This service is available when instant payments via FedNow are not an option. There is no need to pre-fund wallets and no requirement to open a new bank account.
- Automatic reconciliation: Automatically reconcile payment records, reducing manual errors and providing real-time visibility into financial transactions.
- Seamless four-way sync: Enjoy improved cash flow management and financial transparency with seamless integration between Forwardly and FreshBooks. This feature enables a comprehensive four-way sync with both customers’ and vendors’ accounting software.
- Rolling cash flow forecasts: Gain insights into future cash flow projections, enabling better financial planning and decision-making.
- Request payments for outstanding invoices: Easily request payments directly from outstanding invoices, providing convenience and security to both businesses and debtors.
“We are thrilled to announce the launch of our integration with FreshBooks, further solidifying our commitment to providing US small businesses with cutting-edge payment solutions,” Nick Chandi, CEO and co-founder of Forwardly, said in a statement. “FreshBooks is a fantastic accounting tool for small businesses, and this integration will help their users streamline payment processes and improve overall cash flow management.”
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Tags: Accounting, Small Business, Software, Technology
