Embedded\u00a0payment processing within NetSuite\u00a0helps you\u00a0efficiently\u00a0process customer payments, offer diverse payment methods, lower card processing fees, automate manual processes, enhance security, and increase\u00a0revenue.<\/p>\n
Forty thousand\u00a0businesses worldwide trust\u00a0Oracle\u2019s\u00a0NetSuite solution\u00a0to streamline\u00a0their business processes and\u00a0drive their growth.\u00a0As the number one cloud ERP system, NetSuite does it all. For financial tracking, inventory and supply chain management, procurement, fulfillment, e-commerce operations, and more, NetSuite is a clear winner.<\/p>\n
However, many NetSuite users are underutilizing their software solution\u2019s best features. If you are running customer transactions through a third-party app, you could be missing out on significant savings. In addition to time and money savings, there are other benefits of running a tightly integrated, robust, embedded payment solution.<\/p>\n
Enhance\u00a0your NetSuite solution with a specifically-built payment processing solution from Versapay. \u00a0It will transform your ERP environment into a single source of truth for all your financial activities.<\/p>\n
Centralizing,\u00a0streamlining,\u00a0and\u00a0simplifying your payment acceptance can substantially increase sales. And because Versapay\u2019s solution is built on NetSuite, your team won\u2019t need to learn a new platform.<\/p>\n
Versapay\u2019s\u00a0integrated payments solution\u00a0is a payment processing application that\u00a0seamlessly\u00a0embeds\u00a0inside\u00a0your Netsuite ERP. The integration allows you to run customer transactions right in your ERP, giving you more control and security.<\/p>\n
Here are\u00a0the six top\u00a0reasons to\u00a0embed your payment processing\u00a0within\u00a0NetSuite:<\/p>\n
Credit card processing<\/a>\u00a0fees amount on average to 2% of all transactions.\u00a0<\/strong>Versapay\u2019s solution works with NetSuite to facilitate your payment processes and securely manage the flow of sensitive customer information. The more information credit card issuers have about the transactions you process, the higher your credit level and the lower your fees.<\/p>\n A payment processing solution integrated directly with your ERP can send relevant customer data with every transaction,\u00a0resulting in lower interchange fees.<\/p>\n Embedded payment solutions\u00a0with credit card processing functions and\u00a0proprietary\u00a0payment gateways\u00a0put more control in your hands as the merchant. You can gather and use considerably more transaction data. The return on your investment in such a solution will be rapid.<\/p>\n Traditionally, accounting \u00a0processes\u00a0have required a large amount of manual input. Manual activities slow you down and cost you in both time and money. An\u00a0embedded payment solution frees you from having to move data from one system to another. Achieve increased efficiency by automating manual processes.<\/p>\n When all your customer and transaction data is in one system, you can perform payment reconciliation in real time. You won\u2019t have to track down files and manually match payments with bank statements. You are able to streamline accounts receivable operations and reduce your collections workload. Benefit from automated invoicing and integrated collections tools.<\/p>\n Today\u2019s customers demand\u00a0 a more convenient,\u00a0flexible\u00a0billing and payment experience<\/a>. \u00a0Capitalize on increased digital shopping activity\u00a0and capture more revenue by providing a diverse set of payment options.<\/p>\n An\u00a0integrated\u00a0payment solution\u00a0will allow you to accept various payment methods. You can processes credit, debit, ACH, virtual cards, checks, bank payments, Apple Pay, and PayPal all in one solution.<\/p>\n Customers have strong preferences to how they want to pay.\u00a0They are more likely to complete transactions if their preferred payment method is offered.\u00a0With an average cart abandonment rate\u00a0of around 70%<\/a>, offering a choice of payment options\u00a0can make a difference toward completing purchases.<\/p>\n Setting up your payment processing solution should be straightforward and painless. With Versapay, it will be.\u00a0The digitization of accounts receivable workflows is often inhibited by a lack of IT resources\u00a0and infrastructure required for support.\u00a0Add to that third-party payment systems that demand a new set of skills from your already busy team and you\u2019re spending more time onboarding and less time collecting payments.\u00a0A NetSuite\u00a0embedded\u00a0payment\u00a0solution\u00a0tackles this issue head on and allows you to\u00a0begin collecting payments quickly\u00a0and\u00a0across all sales channels.<\/p>\n A payment solution built for NetSuite will look, feel, and operate like NetSuite. There will be no setup fees or implementation expenses and hassles.<\/p>\n When accepting payments digitally, you need to be vigilant throughout the entire process. Many security vulnerabilities are highly preventable.\u00a0An\u00a0integrated\u00a0payment solution\u00a0will allow you to securely process orders and\u00a0transmit sensitive customer data directly into your ERP.<\/p>\n An\u00a0integrated\u00a0payment solution\u00a0provider\u00a0that\u00a0has\u00a0its own proprietary\u00a0gateway,\u00a0integrates\u00a0with popular shopping\u00a0carts making transactions fast and secure.<\/p>\n An embedded payment solution reduces the risk associated with accepting digital payments. It protects you and your customers and eliminates fraudulent chargebacks without dictating how your customers must pay or making the checkout process arduous.<\/p>\n The best embedded payment solutions\u00a0have advanced fraud management tools to benefit merchants and customers.\u00a0With Versapay, you\u2019ll get a payment solution\u00a0with a strong risk management engine and a track record of preventing fraud. It will detect and prevent e-commerce and credit card fraud for all transactions including online and card-not present transactions.\u200f\u200f\u200e \u200e<\/p>\n More than ever, buyers have choices. Make it easy for them to choose to do business with you. And make transactions easier for your B2B company with a solution that is easy to learn, easy to employ, and secure. Versapay\u2019s built-for-NetSuite\u00a0solution integrates seamlessly with your NetSuite cloud ERP to reduce manual processes, lower costs, eliminate fraud, and increase sales.<\/p>\n If you\u2019d like to know more about Versapay\u2019s embedded payments solution for NetSuite and what it can do for you and your B2B customers, contact<\/a> our experts at Versapay and request a free demo.<\/p>\n\n
Cut manual processes in half <\/strong><\/h4>\n<\/li>\n<\/ol>\n
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Drive increased sales\u00a0<\/strong><\/h4>\n<\/li>\n<\/ol>\n
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Accept payments immediately<\/strong><\/h4>\n<\/li>\n<\/ol>\n
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Avoid\u00a0payment fraud\u00a0<\/strong><\/h4>\n<\/li>\n<\/ol>\n
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Reduce risk and chargebacks\u00a0<\/strong><\/h4>\n<\/li>\n<\/ol>\n
Seamless\u00a0payments integration\u00a0with\u00a0NetSuite\u00a0<\/strong><\/h4>\n