iplicit, the cloud accounting platform purpose-built for the UK mid-market, has today announced its partnership with bank payment provider GoCardless.
The partnership will bring faster, in-app payment methods to iplicit’s growing customer-base, which spans verticals such as non-profit, recruitment, education, fintech, SaaS, and multi-academy trusts.
iplicit has been collecting its own payments via GoCardless since 2019. The award-winning accounting fintech is now partnering with GoCardless to bring its bank payment services directly to merchants using the iplicit platform.
From today, iplicit’s customers can avail of GoCardless’ open banking-powered Instant Bank Pay (IBP), which will enable them to collect instant, one-off payments without the high costs associated with cards. The choice to partner with GoCardless is a direct response to customer feedback and calls for a more streamlined process for managing payments that speed up invoice to cash time.
iplicit also has plans to integrate GoCardless’ Direct Debit capabilities into its platform in the coming months, with a view to further increase payment flexibility for merchants, making their cash flow more reliable. This feature will also help iplicit customers significantly reduce the administrative time spent on manually chasing failed and missed payments.
Paul Sparkes, Chief Product Officer at iplicit adds: “As a customer-centric organisation, we wanted to respond to demand for reliable and efficient payment methods. Through this partnership, we can offer our customers exactly what they've asked for: a simple way to collect instant payments, straight from their invoice.
“With these needs met, we will now be working to offer more comprehensive Direct Debit functionality through GoCardless in the coming months, providing merchants peace of mind and more reliable cash flow when it comes to their recurring payments."
Born in the cloud, iplicit’s state-of-the-art platform is specifically tailored for businesses that have outgrown basic entry-level systems or grown frustrated with legacy on-premises vendors. It delivers the advanced functionality and performance of upmarket systems at a fraction of the cost and complexity.
Tom Metcalfe, Director, UK&I Partnerships at GoCardless, said: “We’ve long prized iplicit as a customer and we’re even more excited to expand our relationship to become partners. Through this collaboration we can offer our joint customers streamlined payment collections, increasing their invoice to cash time.”