5 benefits of integrating your payments with your Business Management Software

Today, efficiency and accuracy are paramount in remaining competitive. Thankfully there are an array of industry specific business management software options available to help streamline operations, track performance, and improve decision-making. 

Integrating payments into business management software is becoming increasingly popular in Australia. This trend is being driven by several factors, including the growing demand for automation, the need for real-time financial insights, and the adoption of cloud-based solutions across businesses of all sizes.

If you are currently utilising business management software, here are the top benefits of also integrating your payments into the system:

1. Streamline business operations

The beauty of integrating payments into your existing software lies in the efficiencies gained from consolidating your systems to handle transactions. Payments can be processed automatically, reducing the risk of errors that may occur when data is transferred between systems manually. Employees no longer need to toggle between different platforms, saving time and simplifying workflows.

2. Improve cashflow 

Using an integrated payments option helps you to view and access funds quickly. Payment integrating can ensure that every payment made or received is reflected in your financial records. This means you can benefit from real-time insights into your cash-flow. This up-to-date data helps businesses make more informed decisions and forecast future financial needs with greater accuracy.

3. Improve your customer experience

Along with the ease of tracking transactions, integrating your payments into your business management software, also can enable you to offer additional payment methods for your customers. This flexibility can result in enhanced customer satisfaction and loyalty. 

4. Meet security and compliance obligations

Payment processing in Australia requires adherence to strict security and regulatory standards, such as PCI DSS (Payment Card Industry Data Security Standard). By using integrated payment solutions within business management software, you can minimise cardholder data exposure, improve your auditing trails and reduce the risk of data breaches. Integrated payment solutions use advanced security techniques (such as encryption and tokenisation) to reduce the likelihood of unauthorised access and breach of sensitive information.

5. Consolidate your reporting

Depending on your software capabilities, you can utilise this one space for 360 reporting. Track your financial data, operational performance and more in a single platform. Making those tax preparations, audits and strategic reviews much easier.

How Ezidebit fits in

Ezidebit offers multiple payment solutions to enable businesses to offer customers flexibility in how they pay. We partner with business software providers across multiple industries to assist businesses in realising the above benefits of integrated payments. 

The payment options available through each integration have been specifically tailored to what makes sense for your industry and customer. With a local team and years experience, Ezidebit can help streamline taking and reconciling payments in your business. 

Ezidebit Pty Ltd (ACN 096 902 813) is an Authorised Representative (No 320082) of Ezi Management Pty Ltd (ACN 110 689 711) who is the holder of Australian Financial Services Licence no 315388.  In providing its services, Ezidebit does not take into account your particular needs, objectives or financial situation. You should carefully consider the appropriateness of Ezidebit's services to your own circumstances.  For a copy of Ezidebit's Financial Services Guide & Product Disclosure Statement, Privacy Policy, Client Service Agreement Terms and Conditions, Product Disclosure Statement or other legal and compliance documents, visit www.ezidebit.com/en-au/legal-policies.