Bank payment company GoCardless has expanded its relationship with Irish cloud accounting software company Big Red Cloud, which will now integrate GoCardless’ payment capabilities into its platform.
Existing GoCardless customer Big Red Cloud has become one of GoCardless’ more than 350 partners.
Customers of the accounting software company will be able to use Direct Debit to automatically collect and reconcile recurring payments from their own clients directly within Big Red Cloud, reducing late payments.
The new partnership will see Big Red Cloud add GoCardless’ Open Banking-enabled payment feature ‘Instant Bank Pay’ later this year, providing accountants with the ability to make instant, one-off payments.
“As a happy customer that already uses GoCardless for our own business, it was a natural step for us to look at how we could bring these benefits to our customers, which is why we explored this partnership model,” said Marc O’Dwyer, chief executive officer of Big Red Cloud.
“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 like GoCardless, we’re able to deliver – and we know first-hand how it revolutionises the payment experience for the better.”
Jolawn Victor, chief growth officer at GoCardless
Big Red Cloud’s offering is designed to make it easier for SMEs and professional accountants in Ireland to manage their finances.
Jolawn Victor, chief growth officer at GoCardless, said: “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.”
Pat Phelan, managing director, UK & Ireland and chief customer officer at GoCardless, and Benjamin Ensor, director of research and strategy at 11:FS, took part in a Fireside Chat at Open Banking Expo UK & Europe on 16 October, about the findings of a new joint report, ‘How to Take Open Banking Payments Mainstream’.
The survey indicated that adoption is highest in sectors such as credit and lending, and software companies, where there are more recurring online payments.
