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.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AIAFPATAFounders
Product
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.
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.
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