Cash flow is the lifeblood of any enterprise, especially for manufacturers that invest significant capital bringing products to market. Although business-to-business transactions are traditionally invoiced and billed, businesses—including manufacturers—are increasingly offering credit card options to customers. The benefits are numerous. Perhaps the most important is the significant improvements in cash flow that accepting credit card payments can provide. Accepting credit card payments against open invoices can reduce the administrative collections costs. It means cash in the bank account in hours, rather than weeks or more. Also, accepting credit card payments at order entry virtually eliminates late payments and long outstanding accounts receivables.
For manufacturers looking to initiate a new credit card processing system or upgrade their current manual credit card processing system, Infor SyteLine Credit Card Interface offers an integrated, efficient system to process transactions conveniently for the customer and cost-effectively for the manufacturer. Integrating with a hosted gateway solution of your choice, Credit Card Interface offers customers a safe and convenient payment method. Because the payment is processed directly through Infor SyteLine, the transaction smoothly flows through to the financials without any cumbersome manual data entry or reconciliation of accounts. It’s fast, easy, and secure.
Credit Card Interface also provides a positive customer experience, contributing to overall improved customer satisfaction. Customers especially appreciate the convenience when purchasing after-market services or spare parts or using payment cards that accumulate points or cash back.
There are no per transaction charges associated with SyteLine Credit Card Interface, only the normal credit card processing fees from your bank’s merchant account and transactional fees from the gateway software of your choice.
With Credit Card Interface for Infor SyteLine, you’ll be able to:
- Increase the efficiency of your order entry and collections administration
- Speed cash flow
- Improve the profitability of spare parts and repair services
- Eliminate redundant data entry
- Reduce data entry errors
- Support centralized and decentralized order entry models
Improve customer satisfaction by offering the convenience of credit card payments
