Reduce Human Error with Integrated Payment Processing Solutions
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Speed is imperative in the business world. As such, business owners are always looking for ways to improve their efficiency. Fully integrated payments are one way in which enterprises are boosting operations.
Integrated payment processing solutions allow businesses to combine processing features with other software platforms they’re currently using. Thus one can integrate payment functions with their accounting systems and other business applications like CRM (Customer Relationship Management) systems. This eliminates duplicate data entry and increases accuracy as well as efficiency.
Why Integrated Payments Are Essential to All Businesses
Manually entering data or sales figures into multiple systems to track your business’s finances is tedious. Also, as your business expands, it receives more data, making it even harder to manually enter into a system and keep checks and balances in place.
But, every business wants fast payments, and that’s where integrated payments solutions come in. Here are some reasons why you should consider implementing integrated payments:
- Time-saving and eliminates human error. With such solutions, you don’t require an employee to double down on manually enter data.
- Achieve financial visibility. Businesses can create real-time receivables reports with a few clicks of a mouse.
- Improve cash flow. Businesses can minimize daily expenditures and increase receivables quickly and easily.
Business Benefits from Integrated Payment Processing Solutions
We’ve learned integrated payments save merchants time, reduce human error, and improve cash flow. With such a solution, one can accept payments from multiple channels, including web payments, pay by text, IVR, etc. Here are ways in which integrated payment processing solutions benefit businesses.
Better Customer Service
Exemplary customer service is necessary for the survival of any business. Attracting new and retaining existing customers will help your business flourish. Since integrated payment solutions speed up transaction processes, this reduces the waiting time. With a full-service POS, your clientele will experience an innovative checkout experience and quick service.
Enhanced Payment Security
Data stealing and breaches are on the rise. Therefore, integrating secure payment processing into your platform is essential. Take advantage of leading security features such as point-to-point encryption as well as tokenization. Both help clients protect their card information and build customer trust.
Choosing a Fully Integrated Payment Processing Solution
An ideal integrated payment processing solution combines everything you need to run your business into one simple login. If it does not require less effort and attention on your end, you should review your payment option. Many merchant providers offer solutions addressing only sections of the payment process, thus making comprehensive integration complicated.
Some service providers may require you to use a specific vendor for credit card payment processing. This severely limits your ability to receive the most bang for your buck and reduces competitive advantage. You also are only able to receive the features available on the platform you are required to use. There are too many options out there ready to provide a fully-integrated and custom payment solution. Limiting your scope by being forced to utilize a specific payment solution is never beneficial to your business.
Instead, consider providers who offer a fully integrated payment processing solution with your existing system. Make sure they have a current client roster of other companies using their payment solution as you intend to utilize it. Custom solutions, reliable security, and knowledgeable customer support should be the key points you discuss when reviewing your options. Since 2010, Payment Savvy has provided cutting-edge integrated payment processing solutions for a wide variety of merchants across the United States. If you’re looking for a full review of your current payment solution, give us a ring. We will always review your setup with a no strings attached philosophy to let you know where you can be saving time and money.
Ready for a Better Way?
To summarize, while integrated payment processing solutions offer significant benefits, many businesses still use traditional management solutions that cannot process payments. This means your business will separately manage payment processing workflows, which creates room for avoidable errors. With our open API payment solution, we can directly connect to your software quickly and seamlessly from the get-go. We can also make sure your processing account is fully-dialed in from your business. From processing limits to self-service payments option – the time to innovate and streamline is now. What are you waiting for? A fully integrated payment processing solution will quickly pay for itself, and you will immediately save time and reduce errors.