The Pennylane and GoCardless partnership enables businesses to move from manual, time-consuming invoicing to a "magic" automated process.
Traditional banking and payment systems have long been plagued by inefficiencies, high fees, and a lack of transparency. Businesses and individuals have had to deal with clunky payment processing systems, high transaction fees, and a lack of control over their financial data. This has led to frustration and wasted time, taking away from more productive activities.
GoCardless is a payment processing company that specializes in direct debit payments. Founded in 2011 by Hiro Tanaka, Tom Sherwood, and Matt Wilson, GoCardless offers a simple and efficient way for businesses to collect payments from customers. The company's platform uses a unique approach to payment processing, allowing businesses to collect payments directly from a customer's bank account.
Pennylane’s API automatically matches invoices with unique GoCardless payment IDs, eliminating manual bookkeeping errors. Key Benefits for Businesses
A French SaaS company using Pennylane for bookkeeping connects GoCardless to collect monthly subscriptions. Each month, invoices are generated in Pennylane, collection is automated via GoCardless, and the accounting entries are posted automatically upon payment success.
GoCardless has become a leader in the payment processing space, with over 250,000 businesses using its platform to collect payments. The company's success can be attributed to its focus on simplicity, security, and reliability. With GoCardless, businesses can easily set up direct debit payments, track payments, and manage customer subscriptions.
In this post, we will explore how the PennyLane and GoCardless integration works, the specific benefits for your business, and how to set it up to create a seamless "no-touch" billing workflow.
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Utilizing bank-to-bank payments reduces the risk of failed transactions compared to traditional credit cards. How to Get Started
Ready to automate your accounts receivable? Log into your PennyLane dashboard and activate the GoCardless integration today.