Home Blog 3 Reasons to Process Credit Cards in Acumatica Cloud ERP

3 Reasons to Process Credit Cards in Acumatica Cloud ERP

Samantha Lepore | October 4, 2018

Century Business Solutions has created a time-saving and affordable credit card application for Acumatica cloud ERP users. As a valuable Acumatica ISV, their solution extends users’ capabilities and profitability and increases their satisfaction.

 “Man, I love double data entry. It really gives me time to think about my life,” said no accounting professional ever. Thankfully, there’s a solution for those accounting professionals who suffer from the double-data-entry blues: cloud ERP.

3 Reasons to Process Credit Cards in Acumatica Cloud ERP

Acumatica cloud ERP credit card integration is the answer

As customers, we’re used to effortless credit card transactions when we buy our groceries or pay for a meal. But in the B2B companies we work for, we suffer through inefficiencies and high processing costs without question.

If clunky and expensive credit card processing is weighing down your team, it may be time to look into a payment integration provided by the right cloud ERP software. Here are the top three reasons you should be using an Acumatica credit card integration to process your payments.

1. Faster payment acceptance

B2B credit card processing is more complicated than B2C credit card processing. Manufacturers, distributors, and wholesalers typically don’t interact with customers face-to-face. Instead, they take credit card orders online, through mail, or over the phone. These remote transactions require a lot of data entry (plus double data entry) and switching back and forth between your accounting software and virtual terminal. Altogether, it adds up to a lot of lost time.

Acumatica payment integrations allow you to accept credit cards inside Acumatica cloud ERP without ever having to switch to another program. Integrations automatically apply payments back to invoices and update your AR and GL accordingly. They also store customer payment information on secure, off-site, and PCI-compliant servers, so you can quickly pull up their information for repeat orders.

These features mean less time spent on double data entry and invoice reconciliation, less potential for human error, and more time spent on more important tasks.

2. Lower processing costs

Credit card processing fees are higher for B2B companies than B2C companies, in large part due to the greater risk associated with B2B. Remote (or card not present) transactions have a statistically higher risk of fraud than in-person transactions, and corporate cards with large spending limits can do a lot of damage in the wrong hands. To account for this greater financial risk, banks set higher processing fees for B2B.

Credit card integrations can significantly lower these transaction costs for B2B companies. Integrations automatically pull transaction details from Acumatica and supply them at the time of the transaction. This additional information better guarantees the security of B2B transactions and results in lower processing fees.

3. Better customer experience

Collecting payments from your customers doesn’t have to be a disruptive or time-consuming process. Payment integrations, made possible through cloud ERP software, enhance the payment collection experience for both you and your customers.

Online invoicing portals improve the collection experience by making it easy for customers to pay. You start by uploading customer invoices to a secure online portal straight from Acumatica. Customers can use any smart device to log in to the online portal and pay down their invoices at their own convenience. Paid invoices automatically sync back to Acumatica and update your AR and GL.

Another great feature that enhances customer experience is email pay, which allows you to send email invoices to customers from within Acumatica. Your customers receive a link to a secure web form, and once they pay, paid invoices sync directly back to Acumatica.

Easy, cost-effective payment processing with Acumatica cloud ERP

If your payment acceptance process seems complicated and costly, then it’s definitely time to consider integrating your credit card processing with Acumatica. Payment integrations and accounts receivable software can save you some serious time and money and improve the payment experience for your customers.

Check out the Acumatica payment integration, EBizCharge, to see if it’s the right fit for your company.

Learn More About EBizCharge for Acumatica

Samantha Lepore

Samantha works on content creation and brand strategy at Century Business Solutions. She enjoys creating fresh new videos and blogs about the payment industry, scrutinizing color palettes, and petting the company dog.

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