Forwardly launches network for free payments and automatic accounting sync

Forwardly has expanded its business payment platform with a connected network that lets companies send bank payments for free when both sides are on the system. The network also syncs invoice, remittance and accounting data in real time across nine accounting and ERP platforms, cutting manual entry and reconciliation.

Why it matters: - Forwardly Network aims to remove bank processing fees for connected business-to-business payments. - The network also reduces manual accounting work by syncing payment and invoice data automatically between businesses. - Real-time visibility into payment status can help customers, vendors and finance teams reconcile faster.

What happened: - Forwardly, an AI-native business payment platform, announced the expansion of the Forwardly Network on Sept. 29, 2026. - The network lets businesses transact, share payment data and sync accounting records directly with customers and vendors. - When both businesses are active on the network, bank payments between them are free regardless of payment speed. - Free payment rails include instant transfers via FedNow and the RTP Network, same-day ACH, next-day ACH and standard ACH. - New businesses can join the network and get their first 30 days of bank payments at no cost at Forwardly.com.

The details: - Invoice and remittance data move automatically between nine accounting and ERP systems. - Supported platforms include QuickBooks Online, Xero, NetSuite, Sage Intacct, Microsoft Dynamics 365, Intuit Enterprise Suite, Campfire, Zoho Books and FreshBooks. - Payment status is visible to both parties in real time. - Banking credentials are stored once and do not need to be shared again over email. - A seller using QuickBooks Online can transact with a buyer using NetSuite through Forwardly, with transaction data flowing between the two systems. - Forwardly says the network is designed to replace the document-based exchange that still drives most B2B financial workflows. - The system is built to move structured data from invoice creation through payment and reconciliation sync.

Between the lines: - The launch targets a common B2B pain point: businesses often run different accounting software, which makes payment handoffs messy. - Forwardly is betting that network effects will matter as more customers and vendors connect through the platform. - CEO and Co-Founder Nick Chandi said the company built the network because financial operations between businesses should work more like data sharing in modern technology. - Kate Josephine Johnson, owner of Heritage Business Services, said the change could help FreshBooks bookkeeping clients reduce payment processing fees.

What's next: - Forwardly is encouraging businesses to invite their most active customers and vendors to join the network. - Businesses can see which contacts are already connected and invite others directly from accounts receivable and accounts payable workflows. - As more businesses join, Forwardly expects payments and financial data to move more seamlessly across different accounting systems. - Forwardly says connected customer and vendor relationships can move money without bank processing fees for businesses already using the platform.

The bottom line: - Forwardly is turning its payment platform into a connected network meant to make B2B payments cheaper, faster and less manual.