ForwardAI launches Forwardly, a real-time payment solution for SMBs
By Delisha Fernandes
ForwardAI, a FinTech providing aggregated direct data access to accounting and ERP platforms, announced the launch of Forwardly, a real-time payment (RTP) enabled cash flow management tool for small and medium-sized businesses in North America.
Forwardly was designed to help small business owners and accountants simplify their cash flow through instant payments. The B2B payments platform, available at no cost to users, allows small businesses to get paid in seconds and is available 24/7 and 365 days a year, eliminating the need to consider bank hours or closures.
“Cash flow is the most critical component of a business’s financial health, and in today’s economic climate, it is more important than ever for small businesses to have visibility and control over their finances,” said Nick Chandi, CEO and co-founder of ForwardAI.
ForwardAI’s recently released Precise API V2 aggregates data from effective accounting systems. Forwardly improves business workflows, seamlessly integrates with bank accounts and accounting systems, and utilises instant and automatic reconciliation for leading accounting platforms, including QuickBooks Online and Xero.
“I’ve worked in accounting for more than 20 years and have witnessed many changes and improvements in payment processing systems that small businesses use,” said Christanne K. Wright, EA Founder of Your Wright Resource LLC.
“The major pain points for small business clients have always been high fees for credit card processing and three-to-five day wait times to receive funds. I am thrilled to introduce Forwardly’s platform to my clients as it significantly reduces fees and provides them with immediate payment receipts.”
ForwardAI recently completed its Service Organisation Control (SOC) 2 Type II certification, which further validates the company’s commitment to upholding strict IT security protocols that protect its systems, users and accounting data from unauthorised access, and puts users minds at ease due to the layer of protection followed, minimising incident impacts when needed.
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