FarPay logo

FarPay

by FarPay · Since 2014
No reviews yet
Active1+ countriesCloud
Quick facts
VendorFarPay
Year launched2014
StatusActive
LocationWildersgade 14, 3, 1408 København K, Denmark
Countries served1+
Languages1
Integrations8+
Free tierN/A
Free trialN/A
Contact salesYES

About FarPay

FarPay is a Danish finance automation platform focused on speeding up payments by automating invoicing, payment, and bookkeeping flows. The website emphasizes getting paid faster by connecting payment methods with accounting systems, and it lists integrations with tools such as e-conomic, Microsoft Dynamics 365 Business Central, Dynamics NAV, and Zenegy Numbers. FarPay is typically used when small and mid-sized businesses want to reduce manual reconciliation between invoices, incoming payments, and accounting entries. Key capabilities: • Automated invoicing and payment workflows Bookkeeping automation to reduce manual posting Integrations with accounting systems (as marketed) Payment-method connectivity (as marketed) Process visibility for faster collections Best for: Nordic SMBs automating invoice-to-payment and bookkeeping workflows.

FarPay is a comprehensive platform designed to streamline accounts receivable management by automating invoicing, payment collection, and bookkeeping processes. It integrates with major accounting software such as e-conomic, Microsoft Business Central, and Microsoft Dynamics NAV, allowing businesses to automate both one-time and recurring payments. With FarPay, companies can improve efficiency by eliminating manual tasks while offering customers a seamless and flexible payment experience through various channels, including bank transfers, credit cards, and MobilePay. The platform offers a user-friendly web application that provides complete visibility into accounts, invoices, and payments. Businesses can send custom-branded invoices and reminders automatically, reducing the effort required for follow-up on overdue payments. FarPay’s automation extends to payment processing, with payments being collected automatically and reconciled directly into the company’s accounting software, minimizing errors and saving valuable time. FarPay supports a range of payment solutions including Betalingsservice, Leverandørservice, and MobilePay, ensuring that businesses can cater to their customers' preferences. The system also features customizable payment links that can be sent via email or SMS, making it easier for customers to complete transactions.

Pros & Cons

Pros
  • highly automated workflows reduce manual effort.
  • Comprehensive integration with accounting software and payment systems.
  • Offers flexible payment solutions including bank transfers, credit cards, and MobilePay.
  • Provides real-time visibility into accounts receivable.
Cons
  • Limited to certain accounting software for full integration.
  • Some advanced features may require technical setup through API.

Features

Key features

Automated Invoicing and Payment Collection

Automates the entire invoicing process, from creation to payment collection, ensuring that invoices are sent on time and payments are processed automatically.

Automated Reminders

Sends dunning reminders to customers who have overdue payments, ensuring timely follow-up and reducing the chances of non-payment.

Integration with Accounting Software

Automatically syncs payment data with connected accounting software, ensuring accurate bookkeeping and financial records.

Customizable Payment Links

Provides payment links via email or SMS, simplifying the payment process for customers.

Real-time Visibility

Offers a web app that provides a 100% overview of customers, invoices, and payments, allowing businesses to stay on top of their finances.

Additional features

Automated Payment Collection

Automatically collects payments via bank account, credit card, or MobilePay on the due date.

Automated Invoicing

Generates and sends invoices to customers, automating the billing process.

Automated Dunning Process

Automatically sends payment reminders to customers for overdue payments.

Custom Payment Links

Generates and sends payment links to customers via email or SMS for easy payment processing.

Automatic Bookkeeping

Automatically records payment data into the business’s accounting system, reducing manual entry and improving accuracy.

Customizable Branding

Allows businesses to customize the design of their invoices, payment reminders, and other communications.

API Integration

Offers API connectivity for advanced integration with custom business systems.

Document Communication

Automates the sending of invoices, reminders, and other documents, simplifying business operations.

Pricing

Free trial
Free version
Request a quote
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Countries & Languages

1
Countries served
1
Interface languages
1
Billing currencies

Available in

Denmark

Interface languages

Danish

Billing currencies

🇩🇰DKK

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