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Enhancing Business Software to Increase Revenue |
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PaySimple, an industry leading provider of payment management solutions for businesses, has released a whitepaper offering insight into how implementing electronic payment processing as part of business software applications provides revenue-enhancing functionality for both software companies and end-users.
Most business software is designed to enable customer tracking, invoice generation and invoice printing. However, most business software applications don’t take the logical next step of enabling automatic billing and collection of monthly charges. By omitting this crucial last step, the software vendor unnecessarily complicates and lengthens the receivables process for users and also passes up the potential for additional ongoing revenue streams.
The whitepaper provides strategies for integrating a payment processing module into a business application software package. It begins by providing an overview of electronic payment processing, and then goes on to discuss auto-recurring billing-an increasingly popular and cost-effective payment processing system. It provides general examples of three different implementation strategies for integrating payment processing into a business software application, and provides some general guidance on implementation time and additional revenue potential. The paper ends with a list of key features to consider when selecting a partner to provide payment processing capability to a business software application.
http://www.paysimple.com/whitepaper.html |
