{"id":7037,"date":"2024-09-18T23:48:21","date_gmt":"2024-09-18T23:48:21","guid":{"rendered":"https:\/\/www.opensolar.com\/post\/news\/opensolar-raises-us15-million-to-expand-its-software-platform-and-global-footprint-copy\/"},"modified":"2025-01-17T05:06:00","modified_gmt":"2025-01-17T05:06:00","slug":"opensolar-launches-cashflow-payments-system","status":"publish","type":"news","link":"https:\/\/www.opensolar.com\/hi\/post\/news\/opensolar-launches-cashflow-payments-system\/","title":{"rendered":"OpenSolar launches CashFlow, the first-ever payments system designed specifically for the solar industry"},"content":{"rendered":"<section id=\"one-column-block_f236f31044ec4a65c0187fbd9794770c\" class=\"one-column bs-h-regular bs-tp-regular bs-sp-regular bs-bp-regular light-mode  background-none\" style=\"\">\n\t<div class=\"block-style-default\">\n\t\t\t\t<div class=\"center-column no-top-padding\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"artwork\" style=\"max-width: px;\">\n\t\t\t\t\t\t\t<figure>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.opensolar.com\/wp-content\/uploads\/2024\/09\/Heroshot-for-CashFlow.png?fit=1364%2C682&#038;quality=80&#038;ssl=1\" alt=\"\" \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"text-space left\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"text light-mode\"><p><span style=\"font-weight: 400;\">Sydney, Australia \u2013 19 Sep 2024 \u2013 OpenSolar Pty Ltd, a software company that empowers solar installers with the world\u2019s only free-of-charge solar design, sales and project management platform, today announced a new innovation designed to improve cash flow for solar companies.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThis is the first-ever payments system designed specifically for the solar industry,\u201d said Andrew \u201cBirchy\u201d Birch, CEO and Co-Founder at OpenSolar. \u201cAs solar veterans, we understand the complexities of running a solar business &#8211; invoicing various amounts at multiple points in a project, accepting different forms of payment, and paying exorbitant fees to the conventional payment providers.\u00a0 It saps the lifeblood of a solar company.\u00a0 Our new payments system automates everything, freeing up time, lowering transaction costs, increasing the flow of funds and creating peace of mind.\u201d<\/span><\/p>\n<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"video light-mode\">\n\t\t\t\t\t\t\t<div class=\"video-container\"><iframe src=\"https:\/\/player.vimeo.com\/video\/1008935403?h=1b78504499\" frameborder=\"0\" webkitAllowFullScreen mozallowfullscreen allowFullScreen><\/iframe><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"text-space left\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"text light-mode\"><p><span style=\"font-weight: 400;\">OpenSolar\u2019s CashFlow is the only tool that provides a secure payment system that is fully integrated within a solar company\u2019s workflow.\u00a0 From initial deposit to payment milestones to final invoice, the system automates invoicing, payment reminders and feeds into a solar company\u2019s accounting system with clear project identification for easy reconciliation.\u00a0 It provides the solar customer with an easy set of payment options, and saves the solar company money on processing fees and time spent in the back office.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cCashFlow\u2019s credit card processing fees are typically 20% lower than conventional payment processing providers, saving solar companies money on every transaction,\u201d said Joe Abel, Chief Monetization Officer.\u00a0 \u201cAccount to account transfer costs are also very competitive, but it\u2019s when you look at the time saved from preparing, sending and reconciling payments that the real savings kick in.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt\u2019s like your own virtual project accountant\u201d, said Xiomara Roman-Torres, owner of Vibe Solar, a long time partner of OpenSolar.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">OpenSolar CashFlow is now in open beta and available for all solar companies on OpenSolar in the US.\u00a0 This will soon be followed by the UK, Australia and Europe, before a global rollout in the coming months.\u00a0 CashFlow complements OpenSolar\u2019s <\/span><a href=\"https:\/\/www.opensolar.com\/integrated-finance\/\"><span style=\"font-weight: 400;\">market-leading integrated finance offering<\/span><\/a><span style=\"font-weight: 400;\">, to provide solar companies with complete flexibility for customer payments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Solar companies can go to <\/span><a href=\"https:\/\/www.opensolar.com\/cashflow\/\"><span style=\"font-weight: 400;\">www.opensolar.com\/cashflow<\/span><\/a><span style=\"font-weight: 400;\"> to learn more about this new innovation.<\/span><\/p>\n<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t<\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>OpenSolar, a software company that empowers solar installers with the world\u2019s only free-of-charge solar design, sales and&#8230;<\/p>\n","protected":false},"template":"","class_list":["post-7037","news","type-news","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v28.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OpenSolar launches CashFlow, the first-ever payments system designed specifically for the solar industry | OpenSolar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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