September 14, 2023
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3 Ways to Revolutionize AR

Magic happens when you integrate PayTrace B2B payments with Dynamics 365 ERP systems.
3 Ways to Revolutionize AR

How can generating e-invoices and accepting payments from your ERP transform AR?

Microsoft Dynamics 365 Business Central provides small and medium-sized businesses with the tools to connect sales, service, finance, and operations. This ability enables businesses to work smarter, adapt faster, and perform better. However, payment processing is not part of the Business Central solution.

With an integrated business-to-business payment provider, companies can extend the value of the Microsoft Dynamics solution to accept and process payments directly within Business Central.

By integrating an all-in-one B2B payment processing solution like PayTrace, you can transform AR teams overnight. Let’s examine 3 ways integrated B2B payments within Dynamics 365 can revolutionize AR.

1. Reduce the time accounting teams spend collecting payments.

When companies provide business customers with easy ways to pay their B2B bills online, via a mobile device, or even over the phone, they substantially improve B2B payment experiences for buyers. Similarly, by integrating B2B payment processing within a company’s existing Microsoft Dynamics solution, you can improve efficiencies and streamline the B2B payment experience internally for AR.

Accounts receivable management instantly gets easier when you can accept and process B2B payments via corporate credit cards, ACH payments, and corporate purchasing cards directly within Business Central. Transaction data is automatically fed into your financial management system, reducing manual payment processing, and freeing up an AR team’s schedule to take on new tasks and responsibilities.

Accounting teams save steps, reduce errors, and require fewer manual processes. PayTrace’s integrated payment solution combines a payment gateway, risk management, e-invoicing, processing, and an acquirer, into one, centralized B2B payment solution that easily integrates with existing ERP technology and is fully supported by the most qualified team of B2B payments experts available.

2. Lower costs with reduced transaction fees and increased security.

Visa and Mastercard commercial and government payment card transactions are eligible for reduced credit card fees using Level 2 and Level 3 interchange optimization when they process business payments through PayTrace. As soon as PayTrace’s AR automation is integrated within the Microsoft Dynamics 365 Business Central ERP system, these savings become available with no additional work from accounting teams.

The PayTrace platform automatically qualifies B2B/B2G transactions for reduced card processing fees. Surcharging may also reduce a merchant’s total costs of payment processing when they choose to pass credit card interchange fees to buyers via an added surcharge fee.

Additional savings come from built-in system security. The PCI-compliant PayTrace platform reduces your compliance burden by handling sensitive card data. A customized suite of fraud prevention tools helps to reduce risk by identifying suspicious transaction activity of fraudsters.

3. Speed up time-to-payment, cash flow, and access to capital.

The PayTrace digital B2B payments solution integrates seamlessly within Microsoft Dynamics 365 Business Central to reduce Days Sales Outstanding (DSO) from an average of 28 days to a single day. This type of AR automation streamlines accounts receivables processes, increases efficiencies, and reduces time to payment, with 85% of digital payments received within one day.

Additionally, with Business Central’s interoperability with Microsoft 365 and Microsoft Teams, merchants can seamlessly connect people, processes, and insights to make decisions faster and accelerate cash flow.

It’s all possible using one centralized B2B payment processing solution that seamlessly integrates with Microsoft Dynamics Business Central, developed by the country’s B2B payment automation experts.

Want to learn how to get started with PayTrace? Discover our integrated payment solution and transform AR for your company or customers’ companies. Our payments experts would love to talk with you and help you reap the benefits of Microsoft Dynamics 365 Business Central integration today.

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