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Accelerate Payment Collection with Acumatica Payments | SVA

Written by Cailee Hanson | Nov 19, 2024 3:30:00 PM

All businesses need efficient payment collection to maintain healthy cash flow and improve operational efficiency.

Acumatica Payments, a native payment gateway and processor integrated directly into the Acumatica platform, offers a seamless solution to streamline payment processes, enhance customer convenience, and reduce manual effort.

Key Features of Acumatica Payments

Here’s a look at how Acumatica Payments can revolutionize your payment workflows.

1. Click-to-Pay Invoicing

Acumatica Payments empowers businesses to offer self-service payment options via automated payment links or QR codes. Customers can easily pay invoices using ACH or credit cards, providing flexibility and reducing payment delays.

2. Integrated Payment Gateway and Processor

Unlike third-party integrations, Acumatica Payments serves as both a gateway and processor. This all-in-one solution eliminates the need for additional middleware for a smoother and more reliable transaction process.

3. Comprehensive Payment Options

Acumatica Payments supports multiple payment methods, including major credit cards (Visa, Mastercard, Amex, and Discover) and ACH payments. For those who prefer traditional methods, check payments remain compatible within the system.

4. Automation for Cash Flow Efficiency

With features like automated recurring payments, expired card management, and daily bank deposit automation, Acumatica Payments reduces manual intervention and accelerates payment reconciliation, enabling businesses to focus on growth.

5. Enhanced Security and Compliance

Acumatica Payments ensures secure transactions with PCI compliance and secure token access. Sensitive payment data isn’t stored within the system, providing peace of mind for both businesses and customers.

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Customer Self-Service Capabilities

Acumatica Payments allows customers to self-service their payments. Through payment links sent via email or embedded QR codes on invoices, customers can:

  • Review and pay multiple invoices simultaneously
  • Choose payment methods such as ACH or credit card
  • Opt for partial payments (if enabled)

These self-service capabilities improve customer satisfaction and reduce the workload for accounts receivable teams.

Future-Ready with Roadmap Enhancements

Acumatica Payments is continuously evolving with new features that enhance its functionality. Some highlights include:

Credit Card Surcharging

Pass on processing fees to customers based on your business policies.

E-commerce Integration

Seamless connections with platforms like Shopify and BigCommerce for streamlined order and payment processing.

Mobile Card Reader Enhancements

Improved support for field service payments and mobile transactions.

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Why Transition to Acumatica Payments?

For businesses currently using third-party processors, Acumatica Payments offers a more integrated and cost-effective alternative.

It eliminates the added costs of separate payment modules, providing businesses with a straightforward pricing model and competitive processing fees.

Getting Started with Acumatica Payments

Transitioning to Acumatica Payments is a structured process designed for minimal disruption:

1. Initial Consultation

Work with Acumatica experts to review your current payment setup and determine your specific needs.

2. Application and Approval

Complete the application process, including a credit card statement review to provide competitive processing rates.

3. Implementation and Training

Set up your payment processing workflows, test them in a demo environment, and receive training to ensure a smooth launch.

4. Go Live

Once implemented, enjoy the benefits of a fully integrated payment solution tailored to your business operations.

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Maximizing Your Payment Experience

Acumatica Payments is more than a payment processor—it’s a comprehensive solution designed to enhance every aspect of your accounts receivable workflow.

Contact SVA to learn more about integrated Acumatica Payments into your business.

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