back Back

GoCardless partners with Kolleno to automate invoice collection

By Gloria Methri

August 16, 2023

  • Accounts Receivable Automation Solutions
  • Bank Payments
  • Direct Debit
Share

GoCardless, Payment Processing, Digital Bank Payments, FinTech, Kolleno, Embedded Finance Solution, Open Banking Payments, GoCardless Embed, Payment Service Provider, UKGoCardless has partnered with financial operations platform Kolleno, to enable CFOs, Financial and Credit Controllers to schedule and automate their invoice collection.

The integration enables a step change for Kolleno customers. By using GoCardless’ direct debit functionality, they can now proactively collect payments instead of waiting for the customer to pay. Automation removes the need for manual payment tasks, helping businesses free up their valuable time.

In addition, Kolleno customers are able to make use of GoCardless Success+. This feature uses machine learning to automatically identify and schedule the optimal time to retry failed payments and recovers, on average, 70% of payments that initially fail.

These features are available to all Kolleno customers across the United Kingdom, Europe, Canada, and the United States through the GoCardless global bank payment network.

Dimitri Raziev, CEO and founder at Kolleno said, “GoCardless and Kolleno are both focused on helping businesses work smarter so they can spend more time on the things that matter to them. Our joint proposition takes accounts receivable and payment automation to the next level: no more manual invoice chasing, processing, or reconciliation. We are excited to offer our customers a true game-changer that will help them reduce their overdue invoices and late payments.”

Seb Hempstead, VP of Partnerships at GoCardless, said, “This partnership combines Kolleno’s intelligent AI- and machine learning-powered platform with our unique bank payment network to take the pain out of getting paid. We look forward to helping our joint customers access payment methods and features that help them win and retain more customers, save time and money, stress less, and get paid on time.”

The announcement adds another leading name to GoCardless’ roster of more than 350 partners. These partnerships allow businesses to seamlessly integrate GoCardless into the software they already use, managing payment and other business activities in one place.

Previous Article

August 16, 2023

RBI pilots a Public Tech platform to streamline digital credit delivery

Read More
Next Article

August 16, 2023

Deko & Aero Commerce team to optimise checkout finance for merchants

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

Accounts Receivable Automation Solutions

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 17, 2024

Confida and illimity create new capillary proximity network, Pehi

Read More

May 17, 2024

Niyogin acquires ‘Superscan’ from Orbo.ai to propel AI-led neo-banking

Read More

May 17, 2024

dLocal expands partnership with Deel to 12 new countries

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023