RailSettle automates the entire invoice-to-payment cycle for Canadian businesses — instant settlement via Real-Time Rail, automatic reconciliation, and zero manual entry.
What used to take 14–30 days of emails, manual approvals, and bank processing now happens automatically while you focus on the job site.
Email a PDF, upload directly, or have it auto-generated from your QuickBooks or Xero job. Our AI extracts every detail — no manual entry.
The GC approves on mobile in seconds. Multi-step chains route automatically by value threshold. Real-time status visible to both parties.
Funds transfer via Real-Time Rail with full ISO 20022 metadata attached. Both accounting systems update automatically. Done.
Purpose-built for construction. Works with the accounting software you already use.
Drop a PDF invoice. Our AI reads supplier name, amounts, line items, PO references, and project codes automatically — no typing required.
Payments settle in seconds via Payments Canada's Real-Time Rail infrastructure, with full ISO 20022 metadata attached to every transaction.
Every settled payment writes back to QuickBooks, Xero, or Sage automatically. Your bookkeeper stops matching deposits by hand.
Project managers approve invoices with one tap from the job site. Approval chains route automatically by value. Audit trail on every action.
Built-in compliance with Ontario and Alberta Prompt Payment legislation. Automatic notices, deadlines, and dispute documentation — no lawyers required.
Cash flow forecasting, DSO/DPO tracking, and supplier payment scores — updated with every transaction. Know your financial position at any moment.
Suppliers see real-time status: received, under review, approved, initiated, settled. No more "when will I get paid?" phone calls.
Suppliers can request early payment in exchange for a small discount. Get paid in 2 days instead of 30. Buyers pocket the discount.
SOC 2 Type II, AES-256 encryption at rest, TLS 1.3 in transit, and full Canadian data residency. FINTRAC-registered MSB.
No other Canadian platform combines RTR-native settlement with construction-specific workflow automation.
| Capability | RailSettle | Plooto | QuickBooks Payments | Interac e-Transfer | Bill.com |
|---|---|---|---|---|---|
| RTR-native settlement | ✓ Only one | — | — | — | — |
| ISO 20022 metadata | ✓ | — | — | — | — |
| Auto-reconciliation | ✓ | ✓ | Partial | — | ✓ |
| Construction-specific workflows | ✓ Only one | — | — | — | — |
| Prompt Payment compliance | ✓ | — | — | — | — |
| Transaction cost | 0.18% | ~0.5–1% | 2.1–2.9% | ~$1.50 flat | US only |
| Canadian company | ✓ | ✓ | US parent | ✓ | — |
| Early payment financing | ✓ Phase 2 | — | — | — | US only |
RailSettle plugs into the tools you already use. No migration, no rip-and-replace. Set up in under 30 minutes.
"We used to spend two full days a month chasing payments and matching deposits. RailSettle cut that to maybe 20 minutes. The reconciliation just happens."
"As a sub, waiting 30 days was just accepted as normal. Getting paid the same day the GC approves — that changes how I think about cash flow for my whole business."
"Our accountant couldn't believe we were still doing reconciliation manually. RailSettle connects to our QuickBooks and it just works. Prompt Payment compliance is a bonus."
Start free. Upgrade when you're ready. Cancel anytime. All plans include Canadian data residency and FINTRAC-compliant infrastructure.
Join Canadian contractors already using RailSettle to get paid faster, cut reconciliation time by 90%, and stop paying card interchange on every B2B transaction.
30-day free trial · No setup fees · Canadian data residency · Cancel anytime