Quickly
About Quickly
Quickly is an online platform that automates early payment approvals and integrates with existing accounting systems, allowing businesses to manage payables efficiently. By offering vendors early payments, companies can earn an average discount of 1% on invoices, improving cash flow and strengthening supplier relationships.
```xml <problem> Many businesses face challenges in optimizing their working capital due to delayed payment cycles, which can strain supplier relationships and limit opportunities for cost savings. Traditional accounts payable processes often lack the flexibility to offer early payments to vendors, hindering potential discount capture and efficient cash flow management. </problem> <solution> Quickly provides a platform that automates the early payment approval process, enabling businesses to offer vendors the option of receiving payments ahead of schedule in exchange for a discount. By integrating with existing accounting systems, Quickly streamlines accounts payable workflows and facilitates direct payments to vendors via bank transfer or credit card. This allows companies to unlock cost savings through early payment discounts, strengthen relationships with suppliers by improving their cash flow, and gain greater visibility into their payables. </solution> <features> - Automated early payment approvals based on pre-defined criteria - Integration with existing accounting platforms for seamless data synchronization - Direct payment processing to vendors via bank transfer or credit card - Real-time tracking of cost savings achieved through early payment discounts - Vendor portal enabling suppliers to request early payments and manage their invoices - Team collaboration features for efficient invoice review and approval workflows - Project tagging functionality for organizing payables based on priority or custom criteria </features> <target_audience> Quickly targets businesses across various industries, including construction, development, cannabis, and data technology, that seek to optimize their working capital and improve relationships with their suppliers. </target_audience> <revenue_model> Quickly generates revenue by charging a fee based on the volume of early payments processed through the platform and the discounts captured by the business. </revenue_model> ```
What does Quickly do?
Quickly is an online platform that automates early payment approvals and integrates with existing accounting systems, allowing businesses to manage payables efficiently. By offering vendors early payments, companies can earn an average discount of 1% on invoices, improving cash flow and strengthening supplier relationships.
Where is Quickly located?
Quickly is based in Calgary, Canada.
When was Quickly founded?
Quickly was founded in 2022.
How much funding has Quickly raised?
Quickly has raised 10000000.
Who founded Quickly?
Quickly was founded by Kyle McLaughlin Friedman.
- Kyle McLaughlin Friedman - Co-founder/CEO
- Location
- Calgary, Canada
- Founded
- 2022
- Funding
- 10000000
- Employees
- 16 employees
- Major Investors
- Plug and Play, Alberta Innovates, ATB Financial, Thin Air Labs