Back to Blog
Time is money, and nowhere is this truer than in the payment cycle. Small business owners frequently utilize online proposal platforms like Ignition to streamline client interactions. However, the bottleneck often lies in the subsequent payment process. This blog delves into the critical role of faster business payments for small businesses, how Forwardly is the perfect solution to this challenge and explores how its seamless integration with Ignition proposals can revolutionize your cash flow management.
Why do you need Forwardly?
Your business needs Forwardly because it helps solve a big problem: slow payments. When you use Ignition for payments, it can take up to a whole week for the money to come through. This delay can really hurt small businesses because they need cash to keep things running smoothly and to grow. Forwardly fixes this by making payments lightning-fast – instant payments clear in just 22 seconds, even on weekends and holidays! This quick turnaround not only speeds up cash flow but also helps businesses focus on what’s important: growing and serving their customers.
Plus, using Ignition for payments can get pricey. They charge fees for different types of payments- debit cards, credit cards and ACH transfers. These fees can add up fast and eat into a business’s profits. But with Forwardly, things are much simpler and cost-effective.
Receiving instant payments is charged at a flat rate of just a 1% fee, with a minimum of $1 and a maximum of $10 per transaction. If your bank doesn’t support instant payment technology yet, Forwardly provides free Same-Day ACH. What’s more, Forwardly doesn’t charge anything for sending bill payments. So, not only is it faster, but it’s also more affordable – making it a no-brainer for businesses looking to save time and money.
Adding Forwardly to your Ignition proposal process
Forwardly and Ignition work smoothly together, making life easier for small business owners. Start by disabling online payments for invoices on Ignition. When a proposal is signed, an invoice is made automatically in your accounting software, like QuickBooks Online or Xero. Forwardly then handles new invoices through your accounting software, ensuring payments are collected quickly.
With Forwardly, managing invoices is easy because it automatically syncs with your accounting software, making accounting tasks simpler. You can see payment statuses in real time, which helps you focus on your main tasks. This smooth integration speeds up cash flow and makes financial management easier for businesses. When payments go through Forwardly, both Forwardly and your accounting software update the invoice status. You can also choose to automate your recurring payments in Forwardly.
Convincing your clients to make the smart move
To persuade your clients to make the smart move towards faster payments, it’s crucial to spell out the benefits clearly. Start by explaining how quicker payments can improve their cash flow, cut costs on transactions, and boost their business’s flexibility.
Highlight the speed and security of Forwardly’s rapid settlements, demonstrating how transactions happen swiftly and securely. By effectively communicating these advantages, small business owners can convince their clients that embracing faster payments is a wise decision. This way, everyone can experience smoother financial transactions and reap the rewards of efficiency and convenience.
The Forwardly way
Adding Forwardly to your Ignition proposal process is a game-changer for you as a small business owner. It helps you manage your cash flow more effectively. By using faster payment options like Forwardly, you can speed up your transactions, save money on processing fees, and explore new growth opportunities.
You must partner with modern payment solutions like Forwardly to manage finances and ensure long-term success. With Forwardly seamlessly integrated with Ignition, you can navigate the payment landscape with confidence, knowing that your cash flow is in good hands. Don’t forget to explore our product tour to gain a comprehensive understanding of Forwardly’s extensive capabilities.
