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Insights and Expertise

At some point, the only solution is to
cut the cord and fully leap to a modern Unlock Your
payments back-office environment. This
eliminates technical debt and paves the way
for innovation, agility and better business Growth Potential
competitiveness.
With a BCP Loan

Eliminating the debt with
modernization, standardization
Payment processing companies can start eliminating
technical debt by weighing the debt and liabilities with
the costs of upgrading. In many cases, the investment of
upgrading to a modern back-office environment is often
less than the long-term costs of retaining legacy systems.

Upgrading payments back-office systems reduces tech-
nical debt by offering companies a fresh start with a
modern system built for today’s demands, not those of
the 1980s. Modern back-office systems eliminate the
high costs, hassle and pain points of patching or doing
piecemeal upgrades every few months. This ultimately
streamlines processes, enhances business agility and
improves innovation potential.
A modern payments back-office environment signifi-
cantly boosts efficiency by eliminating manual pro-
cesses, reducing labor demand and enabling employees
to focus on high-value tasks. It also allows companies
to manage all payments in one place, including card-
based, account-to-account and real-time payments.
This lets organizations respond faster by supporting new
payment types, unlimited volumes and regular chang-
es without the high costs of delays and code changes.
Available analytics and data also offer insights to opti-
mize operations and improve the customer experience.

Operating in this complex era of payments with
a legacy back-office system is like hanging onto
a decades-old version of Windows. Patches, up-
dates and creative workarounds are only tempo-
rary fixes that only work to postpone the inevi- BOCA
table. They are not long-term solutions for success- CAPITAL
fully competing in the financial services sector.
PARTNERS
By creating a strategic plan for back-office moderniza-
tion, companies can eliminate years of legacy debt and
start fresh with a modern back-office environment de- Get a loan from $100,000 to
signed to support whatever payment types and chang-
es come down the road. $5,000,000 for your ISO today

Cheryl Fitzgarrald is a Senior Program Director at BHMI, a leading
provider of software solutions focused on the back office processing
of electronic payments. She has been in the payments industry for
more than 30 years and is currently leading back office moderniza- Call Now: 844-531-4957
tion projects for large financial services companies. Cheryl can be
reached at cheryl.fitzgarrald@bhmi.com or 402-333-3300. bocacapitalpartners.com

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