Late payments can fast become a constraint on the ability of a small business to operate and grow.
Two Canadian financial technology innovators are partnering to address this persistent problem.
Toronto’s Harvest—an AI-powered accounts receivable platform for Canadian businesses—is collaborating with Calgary-based payment processor Helcim.
The strategic partnership will bring Helcim’s payment processing capabilities directly into Harvest’s platform, according to a statement from the firms.
The integration will allow Helcim customers to connect accounts to Harvest and automatically add payment options to outstanding invoices.
“Small businesses shouldn’t need to have a large finance team to manage their outstanding invoices,” posits Matt Himel, chief executive officer of Harvest.
Himel founded Harvest last year to help businesses recover cash, improve cash flow, and reduce the time and effort spent on collections—while preserving customer relationships.
“Harvest gives Canadian SMBs access to sophisticated AI technology that follows up on invoices, manages customer communication, and helps businesses get paid faster,” he says. “Most SMBs … fail because they run out of money while waiting to get paid.”
Through integrating Helcim, “we are now making the final step just as seamless,” Himel stated. “Customers can move directly from a personalized invoice reminder to an affordable and convenient way to pay.”
Payments should be “simple, transparent, and affordable for every small business,” says Helcim founder Nic Beique. “That’s the mission we’ve built Helcim on from day one.”
“Through this partnership, we’re bringing our fair pricing and full suite of tools directly to Harvest users, so they can accept payments without hidden fees eating into their bottom line,” he stated.
Earlier this year, Helcim launched the Helcim Payment Extension, a browser-based tool.
By installing an extension, merchants can connect Helcim’s payment interface directly into third-party platforms such as Jobber, Clio, and Jane App.
The extension allows payment data to flow between the software and Helcim automatically, ensuring invoices are marked paid and records remain synchronized without manual reconciliation or custom integrations.
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