Page 17 - gs250701
P. 17

Insights and Expertise



                                                                reducing billing cycles. It will also enhance operations by
         Using one-time payment links and                       automating manual tasks such as invoicing and recurring
         virtual card support, businesses can                   payments.
         automate AR, improve security and                      In this multitrillion-dollar market, having the right SIC

                     reduce PCI scope.                          code, a compliant gateway, and ability to transmit en-
                                                                hanced Level 1 and Level 2 transaction data to a process-
                                                                ing host are critical requirements for businesses that ac-
                                                                cept commercial payments. These high-quality, mostly
                                                                A-paper merchants are ready to build long-term, mutually
        Improved user experience                                profitable relationships. Let's educate them on B2B accep-
        Roger and I also discussed new tools, such as no-code pay-  tance, compliance and best practices.
        ment portals, payment links, and virtual terminals that
        have simplified the user interface and enabled merchants   "B2B card acceptance isn't just about taking plastic," Roger
        to integrate B2B payments directly into ERPs, CRMs and   said. "It's a strategic cash flow tool that can increase sales,
        accounting  platforms  like  NetSuite,  QuickBooks  Enter-  lower your risk, and improve your customer experience."
        prise, Salesforce and Acumatica.
                                                                To view the entire episode on B2B Vault, visit www.you-
        These tools eliminate the need to store card data or send   tube.com/watch?v=PqlWiCIAM7o&t=1s
        manual invoices. Using one-time payment links and vir-
        tual card support, businesses can automate AR, improve   Want to know more? Keep reading  The Green Sheet  and
        security and reduce PCI scope.                          consider following me on LinkedIn, where we can share
                                                                ideas and support each other.
        As Roger noted, you can't scale your business on paper,   Allen Kopelman, a serial entrepreneur, is co-founder and CEO of
        and businesses that are managing receivables the old way,   Nationwide Payment Systems Inc. and host of B2B Vault: The Biz
        using checks, ACH-only payments, and net 30+ terms, are   to Biz podcast. Email him at  allen@npsbank.com and connect on
        ready for an upgrade. Advanced technologies will help   LinkedIn   https://www.linkedin.com/in/allenkopelman/  and
        them improve cash flow by speeding up collections and   Twitter @AllenKopelman.















































                                                                                                                17
                                                                                                                17
   12   13   14   15   16   17   18   19   20   21   22