Sage users can now get paid faster with GoCardless
Businesses using Sage can now eliminate late payments, once and for all
In just a couple of years, GoCardless has grown to serve more businesses than any other Direct Debit payments provider in this country. Over 2,500 businesses have chosen us to simplify their payments, their cash flow and their time.
Today, we're releasing a new product that will bring the full power of GoCardless into the world's most popular accounting platform, Sage. For the first time ever, businesses can set-up, bill and automatically reconcile Direct Debit payments without ever leaving Sage.
Business owners will have the confidence that every single invoice will be paid on time and in full.
We built this add-on because we want our customers to have the time they need to grow their businesses. We believe that in the computer age, no one should have to waste time chasing late payments, re-keying data between systems or reconciling bank statements. This add-on was built to make those tasks a thing of the past for Sage users.
For us, it is a huge milestone in our mission to make Direct Debit payments simpler for every business in this country. Just as eBay was the platform that drove PayPal's rise to the top, this Sage add-on will sit alongside KashFlow, Xero and 125 other key partnerships to help us achieve that mission.
This is just the start. The coming months will see GoCardless working ever more closely with our customers to help build out the only Direct Debit system that works the way business owners want. So if you have any suggestions to make GoCardless work better for you, please let us know.
Try it for yourself
If you're a Sage 50 user, find out more about taking Direct Debit payments here.
The add-on is free. We only charge a simple transaction fee - see our pricing here.
Wired Money: An overdue revolution in B2B payments
At the inaugural Wired Money conference in London on Monday, I talked about the need for long overdue revolution in B2B payments. For those of you unable to attend, here is an overview.
Fifteen years ago, eBay was an exciting new marketplace for people to buy second-hand goods. But making payments for those products was next to impossible online. PayPal innovated around that problem, making it easy for consumers to make and take payments online. Today, companies like Stripe and iZettle are continuing this revolution.
Consumers now don't have to think about payments - they're instant, convenient and intuitive. But not so for companies.
Businesses have been neglected by the digital payments revolution. Left in the dark ages, they rely on antiquated payment methods such as cheques, which still account for an astounding 80% of B2B payments in the US. To make it worse, any accountant will tell you that managing Accounts Receivable is a laborious job of sending invoices, chasing late payments and manually reconciling bank accounts. The result is that UK businesses are suffocating under £30bn of late payments.
At GoCardless we want to solve that problem by making it simple for companies to take Direct Debit payments online, which puts them in control of when they are paid. Integrations with accounting software platforms mean payments can be automatically reconciled against invoices.
By being resolutely data-driven, our automated payment system has helped businesses such as the Ask Driving Schools reduce their accounting time by 80%. Invoices, payments and receipts don't need to be re-keyed and manually reviewed. We can leave computers to manage payments and accounts for us - with the right identity and authorisation processes in place.
GoCardless is one of the leading companies in the B2B payments revolution making these transactions seamless, convenient and automated. The revolution will (dare I say, hopefully), render 90% of accounts departments redundant. Companies will have more time and money to spend on their products, their customers, and their growth.