4 Features of a Consolidated Commerce Solution

As e-commerce continues to evolve, the electronic payment landscape is changing to include consolidated commerce, a development that streamlines the ability to sell goods via the online marketplace. As this sector continues to grow, organizations dealing in e-commerce have had to meet the demands placed on them for more diverse payment options.

Unfortunately, many enterprises are still implementing systems that are slow, antiquated and don’t benefit the financial supply chain as much as they could—challenges that advanced consolidated commerce AR automation is designed to address.

What to Look For in a Consolidated Commerce AR Solution

The continued expansion of e-commerce has brought with it the need for a wider variety of electronic payment options. Companies looking to achieve consolidated commerce through their AR processes should consider implementing an e-payment platform with the features they need to streamline the e-payment process.

Those features include:

  1. ACH Processing Capabilities – Look for a system that accepts payments via the Automated Clearing House (ACH) Network. Typically, ACH processing is less costly than the transaction and processing fees you would normally incur with electronic credit card payments.
  2. Increased Security Measures – Security remains a top concern for online transactions. The system you implement should be PCI-compliant. It should also provide several layers of verification, as well as checks on customer transaction records to reduce payment fraud. In addition, an e-payment system that provides automated email and text message notifications will alert customers that their payment has cleared.
  3. Customer-friendly – E-payments should be seamless for customers, while offering benefits for your organization. Allowing customers to schedule payments simplifies the process and provides a user-friendly platform, which can increase customer satisfaction and retention.
  4. Early Payment Discounts – An e-payment platform that automatically generates discounts can incentivize customers to settle invoices sooner. Even more, earlier payments means reduced payment cycle times and Days Sales Outstanding (DSO).

Achieving Consolidated Commerce With Direct Insite

Direct Insite’s PAYBOX® platform is the ideal solution for AR departments that want to accomplish consolidated commerce. The PAYBOX® portal supports the secure receipt and processing of payments via major credit cards and the ACH network.

To learn more about Direct Insite’s PAYBOX® platform, call (610) 212-2487 or email sales@directinsite.com to schedule a private demonstration today.

AR Management