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If you’re a small business owner, chances are you’ve had a few late-night battles with your accounts payable. Maybe you’ve stared at a pile of invoices, wondering where your cash flow disappeared, or scrambled to meet a payment deadline while dealing with banking delays. Sound familiar?
Business owners who have made the switch to accounts payable automation solutions, specifically Forwardly, are breathing a sigh of relief (and finally getting some sleep). Why? Because Forwardly simplifies AP like no other, making payments faster, smarter, and stress-free. Let’s break it down.
The real cost of manual accounts payable
71% of businesses say manual invoice processing is a pain point, and it costs companies an average of $10 to process a single invoice. That’s not including late fees, missed early payment discounts, or the hours your team spends chasing approvals.
And if you’re still paying vendors with paper checks, let’s just say you’re in the minority. Over 60% of businesses have already moved to digital payments. Why? Because checks are slow, prone to fraud, and honestly, they belong in 2005 with flip phones and Myspace.
Why small businesses love Forwardly
Switching up your AP process sounds like a headache. But here’s why small business owners are raving about Forwardly’s accounts payable automation solution:
- Real-time payments: Stop waiting days for vendor payments to clear. With Forwardly, you can pay business bills instantly instead of dealing with 2-5 business day ACH delays. Better cash flow, fewer late fees, and no more waiting games.
- No monthly fees: Unlike other payment platforms, Forwardly doesn’t believe in nickel-and-diming small businesses. You get free same-day ACH payments and low-cost real-time payments, so you can keep more money where it belongs in your business.
- No need to pre-fund accounts: Some payment solutions make you stash cash in a separate account before making payments. Not Forwardly. Pay directly from your bank account without jumping through hoops.
- Seamless integrations: Forwardly connects effortlessly with QuickBooks Online, Xero, Zoho Books and FreshBooks, so your invoices and payments stay in sync, no manual entry, no extra work.
- Payment approval workflows & improved control: Automate approvals, set custom thresholds, and assign roles to maintain financial oversight without bottlenecks. Forwardly gives you better control and efficiency over your B2B payments, all through a secure, digital platform.
- Save time: Connect with verified businesses and streamline invoicing and bill creation with Forwardly Business Network. Our unique 4-way sync securely links your accounting system with your clients’ and vendors’, ensuring accurate transactional data, reducing manual entry, and simplifying your AP process.
- Security that keeps scammers away: Paper checks and outdated payment systems are a fraudster’s dream. Forwardly uses bank-grade encryption and secure verification processes to keep your money safe.
How Forwardly saves time and sanity
Think about how much time you or your accountant spend on accounts payable. Research shows that automating AP processes can reduce processing costs by up to 80% and cut down invoice approval time from weeks to just hours.
There are about a million better ways to spend your time than chasing invoices. Like actually growing your business, taking a day off (what’s that, right), or focusing on strategy instead of spreadsheets.
What small business owners are saying
Don’t just take our word for it. Here’s what business owners who switched to Forwardly are saying:
- I used to spend hours dealing with vendor payments. With Forwardly, it’s literally a click, and I’m done.
- I love that I don’t have to pre-fund payments. It gives me way more flexibility in managing cash flow.
- Real-time payments have changed the game for my business. No more delays, no more excuses.
Ready to ditch the AP headaches
Managing accounts payable is never going to be fun, but with the right automation solution, it doesn’t have to be a nightmare. Forwardly makes AP effortless, fast, and cost-effective.
If you’re still manually processing invoices and writing checks, it’s time for an upgrade. Join the small business owners who swear by Forwardly because smart AP automation isn’t a luxury, it’s a necessity.
Try Forwardly today and see the difference for yourself.
