GoCardless has announed a new partnership with Pennylane which will enable small businesses to automate their invoices, accounting, and payments.

GoCardless is an account-to-account payments company, currently serving around 60,000 worldwide businesses.

The UK-headquartered company processes roughly $20 billion in payments across 30 countries on a yearly basis.

The partnership will combine Pennylane’s new subscription management functionality, enabling businesses to automate the creation of recurring invoices and accounting, with GoCardless’ global bank debit network, allowing them to automatically debit their customers when each payment is due.

“We’re excited to work with Pennylane, a company that is a great cultural fit with our own,” said Rachel Astall, director of partnerships, GoCardless. “With its vision to be the best financial operating system for startups and SMEs in Europe and our mission to take the pain out of getting paid, this partnership revolves around our mutual obsession to help merchants save time, reduce costs, maximise cash flow and, ultimately, focus on what they do best.”

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