There are many modules and programs you could incorporate into the Sage Intacct application to improve productivity as well as enable specific functions and features. For instance, you can install an inventory management software or link Sage Intacct Payment Application with your CRM.
The swath of flexibility offered by these modules and add-ons mean that you can personalize the Sage Intacct system to incorporate the tools you need for your business to grow. Because these modules were specifically designed to integrate with Sage Intacct, no development is required. The installation process is typically an easy and quick procedure, and once it’s installed it will operate in conjunction with Sage Intacct therefore there’s no disruption of your work flow. In fact, you’ll have more convenience and speed.
If your company wants acceptance of credit cards from clients and streamline your arrears process, you can make use of an integrated payment program that works with Sage Intacct. Utilizing an integrated payment program will not just allow payments directly within Sage Intacct, but improve the efficiency and workflow of your accounting increase cash flow, enhance the security of your data and reduce the overall processing cost.
1. Acceptance of credit card payments in Sage Intacct
The most fundamental feature an integrated payment system gives you is the capability take credit card transactions directly within Sage Intacct. The acceptance of credit card payments can provide your business numerous advantages, such as increased credibility and increased quantity of sales.
Today, consumers want to be able pay using their credit cards. If your business isn’t up to this expectation, they could feel that your company isn’t up to times, which may affect their perception of the business. Offering your customers the option to pay by credit card can establish your company as competitive and modern.
However, refusing to accept credit card transactions won’t hurt your brand’s reputation. It will affect your sales figures also. If you aren’t able to accept credit card transactions, you’re losing sales. You’re losing clients who would like to pay, but don’t have cash or preferring to use a credit card. By introducing the ease of using credit cards will boost sales and eventually your profit.
2. Enhance your workflow in accounting and increase efficiency
The payment acceptance process can be a bit clunky. Most merchants have several systems or programs that allow credit card payment of their patrons. For instance, a business might possess a virtual account running on their desktop computer, where they manage credit cards. At the end of the day the business is accountable for the transfer of that day’s earnings into Sage Intacct and ensuring that the data is in sync between both systems. This manual process can be tedious and susceptible to mistakes.
A payment system that integrates eliminates the need for separate applications or systems and removes unnecessary steps. If you require credit card transactions, you can simply utilize the Sage module natively in Intacct. When the transaction is completed the program will automatically mark that the bill as paid, and also updates the AR as well as the GL. No more nightly reconciliations or switching between applications.
An integrated payment module that integrates with Sage Intacct automates tedious busy tasks, decreases the risk of making mistakes, and improves your team’s productivity.
3. Healthier cash flow
Alongside increasing the efficiency of your payment acceptance process A payment system that is integrated with Sage Intacct can automate your collection and invoicing processes and boost the flow of cash.
Invoicing is a traditional process that involves contacting customers directly and giving them a copy the invoice, and then waiting for them to make a payment. In general, this method can plagued by several issues, ranging from time-consuming outreach and follow-up, to handling late or missed payments. Most of the time, customers need to complete a number of uneasy procedures to complete the payment.
A payment system integrated into the application streamlines this procedure. If you make an invoice using Sage Intacct, the payment module will automatically send an email message to the client that includes the invoice. It’s not necessary to contact the customer on your own and you don’t need to write the message. The message is already formatted using an already-designed template.
After the customer has received the invoice in their inboxes it’s simple to fill out an online form and pay. The payment is then synced into Sage Intacct making sure there’s not a double entry.
Automation can improve you cashflow by making it more convenient the customers you serve to make payments. If they have easy payment options that they can choose from, they’re more likely pay immediately. Because all transactions are automated you’ll get cash into your account without extra time or effort.
4. Data security is enhanced
In spite of the fact fraud with credit cards is on the rise, many businesses don’t have the right security features to ensure that their customers’ personal information safe. The Sage Intacct payment integration module will provide the security and peace of mind that you have to be able to safely accept credit card transactions
One of the most fundamental methods to secure data is to use cryptography and tokenization. The encryption of data ensures that it is safe when it moves between different systems, and tokenization safeguards data when it’s being stored. Select the Sage Intacct Payment integration that will automatically encrypt and tokenize credit card details of the customer.
Certain payment integrations include the ability to detect fraud and alert you to suspicious transactions. You can, for instance, decide to block duplicate transactions as well as transactions coming from outside within the borders of your country. These settings prevent fraud like a second pair eyes to spot fraud before it occurs.
It is also essential that your Sage Intacct integration software is PCI-compliant. PCI compliant apps adhere with the PCI DSS, a set of security standards that govern the industry of processing credit cards.
Integrating a payment module to Sage Intacct credit card processing will improve your overall security for payments as well as reduce the risk of being held liable and offer robust security solutions to safeguard your customers’ information.
5. Lower processing costs for credit cards
If your company accepts credit card and you accept credit cards, you must pay an amount. There are many different elements that determine the cost, many of which are beyond your control. One way to reduce charges for accepting credit cards transactions is to utilize an integrated payment app.
When you make a purchase with a card and pay with an integrated payment app, the application will automatically add line-item information when you purchase in every transaction. The line-item details decrease the risk of the transaction since this additional information lowers the possibility of it being fraudulent. Because your perceived risk of fraud is less your overall charge is reduced. As time passes these fees will are cumulative, and you’ll see the difference on your monthly statement for processing your credit card.
Conclusion
Sage Intacct users have a range of options to modify their software and meet the specific requirements of their business. By integrating modules into their system, merchants are able to benefit from better operation and higher efficiency.
The choice of using an integrated payment system that integrates with Sage Intacct will allow merchants to effortlessly accept credit card payments directly within Intacct and automate their AR processes and improve efficiency, boost cash flow, increase security of data, and reduce the overall cost of processing payments. If you’re interested in gaining these five advantages for your business, find out more details about EBizCharge.