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 $10.0M.

Location
Calgary, Canada
Founded
2022
Funding
$10.0M
Employees
16 employees
Investors
Plug and Play Tech Center

Quickly

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

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.

helloquickly.com2K+
Founded 2022Calgary, Canada

Funding

No specific funding rounds found.

Total Funding

$10.0M

Backed by

Plug and Play Tech CenterAlberta InnovatesATB FinancialPlug and PlayThin Air Labs

Team (15+)

No team information available.

Company Description

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.

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.

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

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.

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.

Sources:

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