On our journey through advancements in cloud accounting here at Bentleys, we are zoning in on our clients to identify their needs for seamless business operations.
In the current climate, it is crucial to monitor cashflows and a major component of this is the importance of accounts receivable management and making sure your customers are paying their invoices on time and as quickly as possible. One method of receiving payments from customers in a timely manner is offering alternative payment options.
It is important within the business to assess what payment methods your clients prefer, whether it be in the form of traditional cash or an e-commerce option such as PayPal or Afterpay. By offering the flexibility of different platforms to pay their invoices, it allows you to accommodate your customers and create a convenient, easy to use payment environment that ultimately increases revenue and helps retain your customer base.
The payment options available in the market all hold themselves at the highest standard with regard to your client’s data protection. The concern for customer security and safety is such a contributing factor when purchasing items via eCommerce channels and it is comforting knowing that even though these systems are in their youth stage, they are actually much more secure than data stored on physical systems.
A great advantage to having these payment systems in place is the ability for real-time information. These payment options allow for easy integration and upload live data streams to your accounting system 24 hours a day, and with a cloud based system you have the access anywhere, anytime, you’ll even be able to work remotely. This will be a great asset to your business for access to live sales and data reports.
All of these functions bring greater efficiency to your business. Data integration is also essential for maintaining a seamless, friction-free transaction process for customers.
Here at Bentleys, we strive to help our clients achieve their ultimate business goals. In the age of cloud technology, we firmly believe that having a range of payment methods to assist in your business efficiency and growth also enhances the client experience.
For more information or to discuss the range we have to offer, contact us today.