Account to Account Payments Fintech GoCardless Partners Pennylane to Help SMEs Collect Recurring Payments
GoCardless, an established Fintech firm offering account-to-account payments, has teamed up with
Pennylane, a financial management and accounting platform for firms and their accountants.
Through the partnership, the companies will provide SMEs and early-stage ventures with an easy and intuitive way to manage and collect recurring payments. The collaboration will involve combining Pennylane’s subscription management functionality, allowing companies to automate the issuance of recurring invoices and accounting, with GoCardless’ international bank debit network, enabling them to automatically debit clients when payments are due.
This means small businesses and other startups need not rely on inefficient manual processes, like having to maintain a log, to remind them when to send out invoices. This approach should ensure invoices are being sent in a timely manner, thus hel