Big Red Cloud and GoCardless have announced a strategic partnership aimed at enhancing payment processes for accountants and small to medium-sized enterprises (SMEs).
Big Red Cloud, a stalwart in cloud accounting software, offers robust solutions designed to simplify the financial operations of SMEs and professional accountants in Ireland. GoCardless, known for its global bank payment capabilities, processes over $130bn annually across more than 30 countries, offering features like direct debit and real-time payments facilitated through open banking.
The partnership is poised to address common financial challenges faced by accountants and SMEs, such as late payments and bad debt, by integrating GoCardless’ advanced payment technologies into Big Red Cloud’s platform. This integration allows Big Red Cloud customers to efficiently manage and reconcile recurring payments directly within their accounting software, improving cash flow management and operational efficiency.
Big Red Cloud provides primary cloud accounting software that enhances financial management for SMEs and professional accountants in Ireland. With over three decades of experience, the company supports the Irish business community, emphasizing robust, user-friendly solutions and real-time financial insights.
In addition to streamlining recurring payments, the partnership will soon introduce GoCardless’ open banking-powered payment feature, Instant Bank Pay, which provides a low-cost alternative for instant, one-off payments, diverging from traditional card transaction fees.
Marc O’Dwyer, CEO at Big Red Cloud, emphasized the natural progression of this collaboration, stating, “We’re really pleased to be expanding our relationship with GoCardless. As a happy customer that already uses GoCardless for our own business, it was a natural step for us to look at how we could bring these benefits to our customers, which is why we explored this partnership model.
“Our goal is to simplify financial management for accountants, and a large part of that is making sure they have access to the latest payment technology. By partnering with innovators like GoCardless, we’re able to deliver – and we know first-hand how it revolutionises the payment experience for the better.”
Jolawn Victor, Chief Growth Officer at GoCardless, added, “We believe accountants should be successful because of the valuable advice and services they provide to clients. Building on our relationship with Big Red Cloud enables us to bring faster, cheaper and more secure payments to our joint merchants and their customers, freeing up time for accountants who can take payments off their list and get back to serving their clients.”
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