Bank payment company GoCardless is partnering with iplicit, a cloud accounting software platform purpose-built for the UK mid-market, to enable faster payment methods for its customers.
Through the collaboration, GoCardless can offer its open banking-powered Instant Bank Pay (IBP) directly within the iplicit platform. This move aims to help iplicit’s customer base, which spans verticals such as non-profit, recruitment, education, fintech, SaaS, and multi-academy trusts (MATs), collect instant, one-off payments without the high costs associated with cards.
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.”
iplicit, which has been collecting payments through GoCardless since 2019, says it established the partnership after receiving customer feedback that called for a more streamlined process of managing payment processes that speed up invoice to cash time.
Direct Debit capabilities to come
“As a customer-centric organisation, we wanted to respond to demand for reliable and efficient payment methods,” explained Paul Sparkes, chief product officer at iplicit. “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.”
iplicit also has plans to introduce GoCardless Direct Debit capabilities to its platform in the coming months to increase payment flexibility for merchants and make their cash flow more reliable. It will also significantly reduce the administrative time merchants spend manually chasing failed and missed payments.
“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 is specifically tailored for mid-market 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.
