Sage 100 Credit Card Processing: Ten Reasons to Integrate Your Payments

By: | Category: Credit Card Processing, ERP, Payment Solutions

Swype Integrated Technologies, an authorized Sage merchant processing partner and the payments company in the Net at Work family, provides complete debit and credit card processing for all business types. Having the ability to accept debit and credit card payments allows you to increase your cash flow by getting paid faster while reducing overhead costs. There are many reasons to accept debit / credit cards & here we cover the top ten reasons to integrate your payments.

1. Improve Cash Flow
When you integrate all your points of payment directly to your bank for settlement—and to your accounting system for reconciliation—you maximize your cash flow. Sitting on checks and receipts minimizes your cash position, which impacts your business’ liquidity.

2. Optimize Sales Channels
Any payment method—whether a credit card terminal, e-commerce website, or a mobile phone equipped to take payments—that’s not integrating directly to your Sage 100 accounting system isn’t optimized for sales execution and back-office efficiencies, therefore increasing cost of sales.

3. Eliminate Manual Data Entry
Manually entering data in both a point-of-sale (POS) solution and an accounting solution doubles the time it takes to complete the payments process. By integrating your credit card processing and payments environment, you can reduce time spent on accounts receivable (A/R) processing so you can spend more time on revenue-generating opportunities.

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4. Automate the Reconciliation Process
Duplicate data entry also results in more manual errors, which someone has to untangle and reconcile. When payments automatically “post back” to the Sage 100 (MAS 90) accounting accounting system, errors are reduced, and posting and reconciliation are streamlined, saving time and money.

5. Organize Your Payments Environment
The payments industry is highly fragmented and confusing. An advanced, integrated payments portal can offer web and mobile access to a reporting dashboard, merchant statement, billing support, a single toll-free customer support line, and administration of all your connected payment devices, applications, and services, including your Sage 100 ERP.

6. Improve Your PCI Compliance Situation
Payment Card Industry (PCI) certified payment platforms can improve your PCI compliancy as a merchant. These platforms remove your connected payment solutions from the scope of PCI (PA-DSS) by ensuring all connected payment solutions never store or transmit unencrypted credit card data. In return, your PCI audit is more streamlined. More importantly, your business is secure, and your customers’ data is safe.

7. Improve Your Audit Position
Manual processes increase auditor scrutiny and require additional sampling of data and processes, driving up your costs and use of resources. Automating those manual payment processes can cut costs on financial and regulatory audits.

8. Gain the Value of Consolidation
An automated and integrated payments environment is often offered by a single vendor or consortium, creating price efficiencies across a spectrum of payment service, while reducing the cost and complexities of managing multiple vendors.

9. Take Advantage of What is Next
An extensible, integrated credit card & payments platform is more capable of adding advanced features and solutions, such as mobile payment apps, automated invoicing, or integrated loyalty systems. Traditional merchant accounts are standalone solutions that don’t “connect” or offer opportunities to add integrated payment services.

10. Because You Can
High costs and heavy IT requirements for building custom solutions have previously made integrated payment systems an option for only larger businesses. Now, business software providers are bringing pre integrated payment solutions to market, so small and midsized businesses (SMBs) can easily and cost effectively “turn on” an integrated credit card payments environment from inside select accounting or ERP solutions.

If you are interested in learning more about Sage 100 Payment Processing/or integrated credit card payments, please contact your designated Sage 100 Account Manager or