Integrated Payment Solutions: Do You Need One?

McCabe says integrating payments processing with other business functions brings a bunch of benefits including saving time, reducing errors, saving money and increasing financial visibility.

"What are Integrated Payments Solutions? Integrated payment solutions are tools that your business can use to integrate accounting, customer relationship management (CRM) and other business applications with payments processing. By integrating payments processing with business applications, you can save time and money, reduce errors and get a better view of your business.

Should You Care? Every business wants to get paid — and get paid faster. But if you are manually entering and reconciling payments with accounting, CRM or other solutions, you are wasting time with redundant data entry, and increasing the likelihood of human error. At the end of the day, you’ll probably need to spend even more time reconciling these errors so that the information is correct in both systems."