Calgary-based fintech Quickly, specializing in early payment solutions for the construction industry, has unveiled a new integration with accounting software giant Sage, advancing its mission to optimize financial processes in construction.
This partnership, now available on the Sage Intacct Marketplace, enables construction firms to automate early payments, streamline payables, and improve cash flow management, delivering tailored financial advantages to an industry with complex payment needs.
Quickly, highlighted as one of 10 Calgary Startups to Watch in 2024 following a $10 million seed round led by Thin Air Labs, builds on its initial success with Sage 300.
The latest integration with Sage Intacct opens its payment platform to a broader market, allowing construction companies to set up and schedule early supplier payments and benefit from up to 2.5% in early payment discounts. Importantly, this feature enhances contractor cash flow without affecting traditional payment timelines, providing suppliers with faster access to funds and fortifying business partnerships.
“Our integration with Sage delivers more value to construction finance teams,” said Kyle Friedman, Co-Founder and CEO of Quickly. “By automating early payments, we’re improving cash flow for contractors and supporting suppliers through quicker, more adaptable payments.”
The integration synchronizes billing data between Sage and Quickly’s platform, empowering finance teams with seamless payment management and real-time cash flow visibility. Enhanced reporting tools provide crucial insights for optimizing financial performance and enable proactive resource management, a pivotal advantage in a cash flow-sensitive industry.
Dennis Stejskal, Head of Strategy at Sage Construction & Real Estate, noted, “Quickly’s integration offers subcontractors faster payment options with no risk to general contractors, boosting cash flow and overall project success.”
Now available to U.S. and Canadian construction firms, Quickly’s integration with Sage Intacct strengthens financial resilience and operational efficiency, meeting the construction sector’s demand for reliable, timely payments and robust supplier relationships.
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