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Amplify Your Revenue With The Power of Payment Automation

As a merchant, you may wonder about how to improve your cash flow and generate revenue. Maintaining cash flow is all about receiving payments and preparing invoices so that you can deliver the best customer experience and realize when and how the money is coming in. It is equally important to make the payment process easier for customers to pay so that you get paid faster. This is important to manage smooth and efficient cash flow.  

With payment automation, there is a better way to collect payments from customers and track the information to maintain cash flow. All you need is a payment automation solution to speed up the payment process and reduce the chance of human error through manual processing.  

Payment automation is a solution for businesses to make invoices directly via any electronic device. Be it either professional service, field service, or retail business, payment automation is a faster and more secure way to collect payment for any kind of service or goods. Payment automation is a solution where your customers can pay invoices from software in just a few steps. 

Why Does Merchant Need to Consider Payment Automation? 

Companies are spending a lot of time manually processing transactions, sending payments, collecting checks, and reconciling financial transactions. This process is time-consuming and error-prone. Not only inefficient and costly, but this process also creates risks when you need to manually reconcile hundreds of thousands of transactions and deal with multiple systems, such as Pos and inventory management system.  

CloudBanking payment solution can help reduce these problems as it has advanced integration tools and payment automation. We want merchants to take advantage of new opportunities to grow and expand the business as we have a solution that cuts costs drastically while streamlining invoice and payment processes. 

How Can Payment Automation Amplify your Business Revenue? 

Payment automation is a business solution that provides your customers the flexibility in payment, providing them with options to pay via credit/ debit card or ACH. This is important since cash can easily be misplaced and takes days to withdraw cheques. Thus, providing flexibility and convenient payment options speeds up this process and brings consistency to your cash flow management.  

Customers do not need to have to verify approvals every single time before they can send payment to you. They can pay instantly with card details in person, online, or over the phone. And in the next few minutes, the amount is transferred to your business account. This helps merchants to manage cash flow effectively by minimizing late payments. With these strategies, merchants can forecast business growth and plan instead of making a random guess on where your business is going. 

With an Automated payment solution, you can productively invest your valuable time rather than chasing customers down for the payment. Moreover, your employees are going to be organized and will avoid missing important documents. They are more productive when they do not have to run after hard copy invoices and get access to the digital records, at any time and any place. CloudBanking payment solutions are cloud-based, which allows any employee to accept payments either in-store, online, or via phone and track them from any location. It minimizes the miscommunication that can over while managing back and forth phone calls or email overpayment and lower the risk of errors in weekly, monthly and quarterly financial reporting. With minimum errors, you can make reliable data-driven decisions that support your business cash flow. 

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Benefits of Payment Automation 

Besides credit/debit card payments and ACH, CloudBanking payment automation allows merchants to provide alternate payment options and process payment online. Thus, it is important to get a payment processing solution to upgrade the accounting system of your business. Find out how CloudBanking contributes to amplify your Revenue with the power of Payment Automation.  

  • Quick payment collection 

Payment Automation reduces the time to collect payments. Moreover, they are economical and easier as compared to manual paper checks. It means faster invoice processing and freeing employees from hours of entering figures and checking their accuracy.  

  • Reduce Errors 

Errors in payment processing consume valuable time and may hamper customer-merchant-supplier relationships. CloudBanking payment automation software validated data entry and identifies expectations that can help maintain a long-term relationship, leaving the competition behind.  

  • Prepare Financial Report 

Payment automation tools can help your business to streamline the financial report via accounting reconciliation. The payments are automatically verified against the CRM records and provide the financial team with a consolidated view of all accounts. 

  • Reduce Fraud  

An automated payment solution recognizes invalid invoices, and the payment gets reported. CloudBanking payment processor provides a balance between fraud minimization and helps customers to experience a seamless experience with your goods or services. This can improve customer trust and minimize the risk that occurred in payment.  

  • Easy Integration with Alternative Payments. 

Any business enterprise (online or in-store) needs to have alternative payment options to accept any kind of payment (credit/debit card or ACH Payment). CloudBanking payment processing easily gets integrated with new payment types and improves customers’ experience.   

Learn More about CloudBanking Payment Automation 

CloudBanking is a payment platform that helps businesses to automate the payment process and manage accounts receivable. COVID-19 has forced businesses to go cashless and thus, collecting payments had become a challenge for a business to run smoothly.  

Our innovative APIs and tools help to keep your cost low and optimize your cash conversion cycle. It helps in eliminating wasted time on the manual invoice and saves data in the cloud and providing a sense of security. We focus on developing the best tools to make your business run smoothly and avoid fraud and disputes.  

Visit us now and Sign up for free for more information.

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    ACCOUNTING SERVICES

    Run fast, accurate, and automated accounting processes through Cloud Banking’s white label portal for accountants. Simply ask your customers to log on to your dashboard so you can download all their statements and reports—making it easier for you to do their taxes. Likewise, you can make sure that our platform can help you streamline everything from financial consolidation to compliance reporting and audits.

    Our innovative payment solutions can easily be integrated into your existing accounting, invoicing, and billing software so you can get paid faster and more secure. Interested? Start by talking to one of our business specialists today.

    HIGH RISK

    Are you in the high-risk vertical market? Getting tired of looking for a reliable payment solution for a high-risk industry? Don’t worry! CloudBanking got you covered.

    We understand that banks and low-risk providers may instantly turn down merchant accounts who they deem industries with a history of high chargebacks, irregular high ticket sales, or that are highly regulated. Thus, finding a high-risk payment processing solution that keeps high-risk businesses running efficiently might be a daunting, frustrating process. This is all the more true for the CBD oil industry. However, CloudBanking understands that your business model works for you. We believe in your business’ desire to help the community and we’re committed to providing top-rated services.

    Thus, we go the extra mile to ensure your business’ security and efficient cash flow. We provide tailored solutions and features because we understand your unique needs. You can now offer your customers a smooth and seamless journey with our innovative payment solution for high-risk industries.

    HEALTH AND WELLNESS

    Focus on what matters most to your business—your customers. And allow CloudBanking to take care of your payments. Our payment solution for the health and wellness industry will be your trusted partner in improving your customer experience. With our innovative platform engineered to accept all kinds of payments and provide the security, you need; we can guarantee you streamlined business operation.

    In the ever-changing global marketplace, make your business at the forefront of innovation to give your customers the best customer experience. Trust that our payment solution for health and wellness is here to help you meet your customers’ expectations while improving your cash flow. Contact us today to experience the difference.

    FIELD SERVICES

    Are you one of the small or mid-sized businesses in the field service industry having trouble collecting payments? And are you tired of all the waiting and hassles? Then, it’s time for you to adopt a phone- and cloud-based payment solution for field services that will improve your cash flow and accuracy. Allow your field services staff to accept payment on-site so they can focus on the next job.

    Level up in the game field by offering a cutting-edge payment solution for field services that will assist you in meeting your needs and improving your bottom line. Contact us to know how we can be your trusted partner in getting paid faster and secure.

    RETAIL

    The retail environment has evolved rapidly in the past years. To keep with the pace and increase your bottom line, you need to integrate a platform providing a full suite of card payment systems that fully satisfies the needs of you and your customers. CloudBanking’s payment solution for retail industry is here to help you stay in the game and be more competitive.

    Powered with the latest technology, our credit card processing solutions allow retailers to accept any form of card payments such as credit cards, debit cards, and EMV-compliant cards. Our payment solution for retail industry can help you effortlessly manage your point-of-sale transactions while you boost your retail sales.

    PROFESSIONAL

    CloudBanking offers a customized payment solution for professional services companies, such as law firms, insurance agencies, and accounting firms. Our platform is designed to provide you a safe, convenient, and secure way to accept your service fees and lessen the administrative cost related to payment processing.

    We understand that your business’ payment processing needs are unique. So you can’t just rely on any payment processing platform to manage your cash flow. You need a trusted partner to receive payments fast, secure, and easy. Enjoy this hassle-free process when you integrate our payment solution for the professional services industry.