Are you doing things the old way?

If you have not in some fashion automated the process of accepting payments from customers, you may be surprised about the true costs. What do you pay employees that handle payments? How many hours each week do you have employees sorting, handling, tallying, and performing data entry? Are you physically delivering your check payments or manually processing credit card payments? Is it cheap? Is it cost effective?

To help you assess the costs of accepting credit cards manually and in an automated fashion, we have included on this web site a Return on Investment Calculator. The calculator compares the process of accepting credit card payments using traditional manual methods to accepting credit cards in an automated fashion using Paytelligence.

In summary, the cost of your payments must include not only the actual cost per transaction (transaction fee or discount rate), but also the real numbers you spend for labor and the time you wait to receive the funds. While many of these can be considered “cost-of-businesses expenses (labor costs, settlement times and bank fees), if there was a way to reduce or eliminate these expenses (and thereby increase profits), would you make the change?

Many studies show that handling a single payment using traditional, manual methods takes from 10 to 15 minutes.  You’re looking at $3 to $5 per payment, not including costs that may be incurred due to data entry errors.

If you use Sage Accpac ERP, Paytelligence is the answer to automating the process of accepting payments.  Paytelligence can improve the process of accepting payments by a factor of four to six.  Any business processing as few as 200 payments per month would see a quick payback from an investment in Paytelligence.

Would you like to see a demo of Paytelligence?

Call us and schedule a demo today!
604-282-6000.  Ask for Rob McKay.

If you have any questions about Paytelligence, Webtelligence, Notes Alert or other North49 products, please call us.  We are available to answer all your questions about our Sage Accpac ERP integrated solutions.

Don’t miss next Friday, more Paytelligence.

And this Wednesday, we’ll have more about Webtelligence.

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Have a great Friday!