Big Red Cloud, the Dublin headquartered online accounting software business and UK’s GoCardless, the bank payment company, have expanded their relationship. Through Big Red Cloud’s integration of GoCardless’ payment capabilities into its platform, its customers can now, for the first time, use Direct Debit to automatically collect and reconcile recurring payments from their own clients directly.
In addition to helping accountants and SMEs reduce late payments and bad debt, the integration project will also free up time so they can focus on client-facing activities.
In a further initiative, before the end of 2024, Big Red Cloud will also add GoCardless’ open banking-powered payment feature, Instant Bank Pay. This will provide accountants an alternative for instant, one-off payments without the high fees associated with traditional card transactions.
Marc O’Dwyer, CEO at Big Red Cloud said: “We are really pleased to be expanding our relationship with GoCardless. As a customer already using GoCardless for our own business, it was a natural step for us to look at how we might bring these benefits to our customers.
“Our goal is to simplify financial management for accountants, and a large part of that is making sure they have access to the latest payment technology. By partnering with innovators such as GoCardless, we are able to deliver – and we know first-hand how it revolutionises the payment experience for the better.”
Jolawn Victor, Chief Growth Officer at GoCardless, said: “We believe accountants should be successful because of the valuable advice and services they provide to clients. Building on our relationship with Big Red Cloud enables us to bring faster, cheaper and more secure payments to our joint merchants and their customers, freeing up time for accountants who can take payments off their list and get back to serving their clients.”
The partnership strengthens GoCardless’ position in the accounting sector, building on existing integrations with a number of major players in the space.
Big Red Cloud is based in Dun Laoghaire in South Dublin and has 75,000 online customers for its accounting software products.
