About Forwardly
Forwardly is a financial forecasting software from ForwardAI, Inc that helps businesses manage their cash flow effectively. It provides features such as real-time data integration, customizable reporting, and scenario modeling so users can make informed financial decisions. The software supports a variety of accounting systems, allowing for easy data import and export. With Forwardly, businesses can forecast their cash flow under different scenarios and adapt their strategies accordingly. Key capabilities: real-time data integration customizable reporting scenario modeling accounting system compatibility user-friendly interface Best for: small to medium-sized enterprises that need accurate cash flow forecasting and financial planning.
Forwardly by ForwardAI is a game-changing B2B payment platform that solves the chronic cash flow problem for SMBs and accountants by delivering instant payments 24/7/365 via the modern RTP network. Its core strength lies in its 4-Way Sync capability, which provides instant, automatic reconciliation between the bank, the payment, the invoice, and major accounting systems (like QuickBooks and Xero), virtually eliminating manual AR/AP work. By offering cost-saving payment options (like free same-day ACH) and flexible bill management, Forwardly enhances financial agility and reduces operational costs. It is an essential, highly efficient tool for any US-based small business or accounting firm looking to expedite collections, streamline workflows, and gain complete control over their working capital.
Pros & Cons
- +Allows businesses to offer clients a variety of instant payment options
- +Allows users to manage payments and bills directly from their familiar accounting environment.
- +Offers free same-day ACH transfers and instant payment processing
- +Eliminates manual reconciliation and ensures accounting records are always up-to-date.
- +Allows businesses to receive invoice payments in seconds
- −Steep learning curve for new users
- −Lacks deeper integrations with ERPs, CRMs, or other specialized financial software
- −The core benefit of instant payment processing is currently tied to the US banking infrastructure
Features
Key features
- Instant and Same-Day B2B Payments (RTP)
- Utilizes Real-Time Payment (RTP) networks to allow SMBs to receive invoice payments in seconds, 24/7/365, drastically improving cash flow compared to traditional ACH/check payments.
- Seamless 4-Way Sync Reconciliation
- Provides a direct, two-way data synchronization between the payment platform, the bank, the invoice, and the integrated accounting system, eliminating manual reconciliation and data entry errors.
- Cost-Efficient Payment Options
- Offers free same-day ACH transfers and instant payment processing that can save businesses 60-80% compared to credit card processing fees, directly boosting profit margins.
- Flexible Bill Management
- Allows businesses to manage vendor bills by scheduling them up to 90 days in advance and offers bill approval workflows to maintain control over accounts payable.
Additional features
- Automated Invoicing
- Facilitates the creation and sending of invoices with integrated payment links to speed up collections.
- Credit Card Acceptance
- Allows businesses to accept all major credit cards for invoices, catering to client payment preferences and providing an additional payment option.
- Real-Time Payment Tracking
- Provides live visibility into the status of payments, ensuring businesses always know when their funds have been deposited.
- Recurring Payments
- Enables the setup of automatic, recurring charges for regular clients or subscription services.
- Fraud Detection
- Incorporates security measures to detect and prevent fraudulent transactions, protecting the business's finances.
- Customizable Payment Terms
- Allows users to set specific payment terms for different clients or invoices.
- Multi-Currency Support
- Supports processing payments in multiple currencies to facilitate international business.
- Secure Team Access
- Allows the assignment of role-specific permissions for team members to manage payments and bills safely.
Pricing
Monthly plans
Free
USD 5
Countries & Languages
Interface languages
Billing currencies
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About Forwardly
Forwardly is a financial forecasting software from ForwardAI, Inc that helps businesses manage their cash flow effectively. It provides features such as real-time data integration, customizable reporting, and scenario modeling so users can make informed financial decisions. The software supports a variety of accounting systems, allowing for easy data import and export. With Forwardly, businesses can forecast their cash flow under different scenarios and adapt their strategies accordingly. Key capabilities: real-time data integration customizable reporting scenario modeling accounting system compatibility user-friendly interface Best for: small to medium-sized enterprises that need accurate cash flow forecasting and financial planning.
Forwardly Details
Forwardly's In-App Market Place
Does Forwardly have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Plans
Monthly plans
Free
USD 5
Accepted Payment Currencies
USD ($)
Pros & Cons
- Allows businesses to offer clients a variety of instant payment options
- Allows users to manage payments and bills directly from their familiar accounting environment.
- Offers free same-day ACH transfers and instant payment processing
- Eliminates manual reconciliation and ensures accounting records are always up-to-date.
- Allows businesses to receive invoice payments in seconds
- Steep learning curve for new users
- Lacks deeper integrations with ERPs, CRMs, or other specialized financial software
- The core benefit of instant payment processing is currently tied to the US banking infrastructure
Forwardly's Support Options
Documentation
https://docs.forwardai.com/Forwardly's Alternatives
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