6 reasons why you would need an integrated Credit Card Solution Hellow and good morning. I am Manish from CitiXsys Technologies and I will be discussing different reasons as to why would a business need an integrated credit card solution. Credit Cards have existed for a very long time now and today over 85% of people in developed economies have and actively use credit cards. As the markets and industries matured over time, the usage of credit cards became more and more popular in B2B scenarios. When I say B2B, I do not necessarily mean transactions between 2 business houses over the Internet ALONE. What I am referring to are the payment and collection between a customer and a vendor where the vendor has the credit card details of the customer and swipes the credit card for payment collection. Along with the businesses also matured the solution offering by the IT solution providers. Integrated systems greatly improved the processes efficiencies of organizations. And as a further refinement of the accounts receivable functions, collecting payments through credit cards started becoming more and more popular and an accepted norm of paying and collecting funds. In today’s session we will discuss the 6 main reasons why an organization need credit card solution integrated to the core accounting or and ERP system.

Agenda The 6 Reasons About Us A very simple agenda to an interesting topic of discussion. We enumerate the 6 reasons for having an integrated credit card solution and conclude the presentation with who we are and what we do.

Reason 1 – Improve Cash flow No waiting for the checks to clear No waiting for 30,60 or 90 days for the invoices to be cleared Realize payments within 48 hours Decrease Billing over head Improve Cash Flow The first and the foremost – improve cash flow. Electronic transaction processing can help speed up the credit card payment process. Instead of waiting for checks to clear, or 30, 60, or even 90 days for invoices to be paid, funds resulting from credit card transactions are deposited directly into your bank account, within 48 hours. Electronic payments will enable faster payment cycles, which lead to improved cash flow and decreased billing overhead – a significant benefit and welcomed relief for any business.

Reason 2 – Improve Productivity Reduce Input mistakes by automating transaction flow Get money deposited directly into your bank account by automated acceptance and settlement of funds No longer have to worry about being a payment collection agent Improve productivity by focusing on core business – leave payment processing to the bank or transaction processor The second reason – Improve productivity With credit card processing, the transaction flow is conducted automatically reducing dramatically the input mistakes. Automated acceptance and settlement allow funds from the credit card transaction deposited directly into your bank account. By making the payment process more efficient and less time consuming, you do not have to worry about being a payment collection agent. Instead, you can focus on the other aspects of your business and leave payment processing in the hands of your bank or transaction processor.

Reason 3 – Reduce Costs Streamline Operational Costs Cut Down On Overheads It is less expensive to process credit cards than to accept checks Control Shrinkage no cash on hand to walk off with..!! The third main reason – Reduce Costs Accepting credit cards helps streamline operational costs and cuts down on overhead by eliminating the need to send bills and manage account receivables. For starters, it is often less expensive to process credit cards than to accept checks. Furthermore, it helps control shrinkage – since the process is automated there is no cash on hand to walk off with.

Reason 4 – Convenient Settlement Of Multiple Invoices Settle multiple invoices in one transaction Eliminate the logistical challenge of managing and reconciling multiple payments Enhances your business credibility in front of your customer Encourage your customer to do business with you Reason number 4 – Convenient settlement of multiple invoices in a single transaction. An integrated credit card solution allows for settlement of multiple invoices in one transaction. Such integration not only extends a convenience to your customer, but it also takes away the logistical challenge posed by managing and reconciling multiple payments – typically through checks. Having such a feature further enhances your business credibility in front of your customer and indirectly encourages your customer to do business with you And of course – you go that much more green…

Reason 5 – Flexible System Of Authorization Features and configuration options for a flexible system of authorization Authorize at order Authorize at delivery Authorize at order and delivery Ensure that credit limits are still approvable in the case of increased order quantities Reserved authorization amounts can be reduced when order amounts are reduced Allow the customer to have the maximum open credit limit on their credit card Reason number 5 – Flexible system of authorization Depending on your nature of the business and the type of customer you interact with, an integrated credit card processing solution offers features and configuration options for a flexible system of authorization. Credit Card Authorization can be performed at multiple points in the process including: Authorize at order Authorize at delivery Authorize at order and delivery   Order quantities and deliverable quantities may vary from the initial order amounts. The flexibility to re-authorize ensures that credit limits are still approvable in the case of increased order quantities, and conversely, reserved authorization amounts can be reduced when order amounts are reduced, thus allowing the customer to have the maximum open credit limit on their credit card.

Reason 6 – Option for multiple payment processors Should have integration with multiple payment processors globally Some of the payment processors are: eWay (Australia) Paypal Commedia (UK) Authorize.net Ogone (UK) Skipjack Moneris (USA & Canada) DIBS FirstData ChronoPay Reason number 6 With cross border commerce being more of a norm than an exception, organizations today operate in multiple geographies as separate subsidiaries. However the popularity of payment processors is still quite regional. An integrated credit card solution which is expected to have integrations with multiple regional payment processors offers the organization to operate in different geographies with different payment processors. So these were the 6 main reasons why would an organization need an integrated credit card solution. To quickly recap the 6 reasons, IMPROVE CASH FLOW IMPROVE PRODUCTIVITY REDUCE COSTS QUICK AND CONVENIENT SETTLEMENT OF MULTIPLE INVOICES FLEXIBLE SYSTEM OF AUTHORIZATION OPTIONS FOR SELECTING PAYMENT PROCESSORS That said, I would like to briefly talk about who we are and what do we do….

About Us – CitiXsys Technologies Business Drivers Products for SAP® Business One in Retail, Warehousing, Distribution Largest SAP® Business One Services Partner in the world Installation, Implementation, Integration and Customization Services Strategic Partner for SAP Ecosystem Opportunities Operating Locations in US, Canada, UK, Australia and India Global Employee Count: 225+ 700 seat R & D and Support Center in India CitiXsys is a global firm focused on the development, delivery and support of wholesale and retail solutions specifically for SAP products. Our years of experience together with a suite of stable mature solutions make CitiXsys your partner of choice to help you win in today's turbulent markets. CitiXsys is a Gold partner to SAP – which is the highest level that a partner can attain in SAP. Our products and solutions are specifically targeted to mid-market organizations and these solutions are certified on SAP Business One.

Contact Information CitiXsys Americas Inc. (USA) CitiXsys Canada Ltd. (Canada) CitiXsys Australia Pty Ltd. (Asia Pacific) New York Rockefeller Center 7th floor, 1230 Avenue of the Americas New York NY 10020 USA T: 1 212 745 1365 F: 1 646 349 3441 E: newyork@citixsys.com New Hampshire 264 South River Road, #474 Bedford NH 03110 USA T: 1 603 232 8252 F: 1 646 390 1988 E: newhampshire@citixsys.com Chicago 22nd Floor, The Merc, West Loop 30 South Wacker Drive Chicago, IL 60606 USA T: 1 630 359 5956 F: 1 630 697 1315 E: chicago@citixsys.com Toronto 8th Floor, 2425 Matheson Blvd. East Mississauga, ON L4W 5K4 Canada T:1 905 361 2886 F:1 905 361 6401 E: toronto@citixsys.com Sydney Tower 2, Level 20, 201 Sussex Street Sydney NSW 2000 Australia T: 61 2 9006 1616 F: 61 2 9006 1515 E:sydney@citixsys.com Melbourne Level 27, 525 Collins Street Rialto South Tower Melbourne 3000 Australia T: 61 3 9935 2916 F: 61 3 9935 2750 E: melbourne@citixsys.com Perth Level 29, Forrest Centre 221 St. George Tce Perth WA 6000 Australia T: 61 8 9288 0662 F: 61 8 9481 3177 E: perth@citixsys.com CitiXsys UK Ltd. (UK & EMEA) London Lakeside House, 1 Furzeground Way Stockley Park, Uxbridge UB11 1BD United Kingdom T: 44 0 208 622 3006 F: 44 0 845 280 8848 E: london@citixsys.com You can always contact your local CitiXsys office for more information and find out how you can partner with a winner. Thank you for your time and attention and have a wonderful day. I believe we will open the lines for questions….take it away ….. CitiXsys TechnologiesLtd. (India & South Asia) New Delhi A-24/5, MCIE, Mathura Road New Delhi 110044 India T: 91 11 42696666 F: 91 11 42696600 E: newdelhi@citixsys.com

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