Businesses that accept payments from multiple merchant accounts need a way to streamline the payment, settlement and reconciliation processes. This can be done with the help of a cloud ERP solution like Acumatica. Without automation and dedicated workflows, it can be costly to deal with a multi-merchant environment.
ACUMATICA’S AUTOMATIC PAYMENT, SETTLEMENT & RECONCILIATION MODULE
Acumatica has developed a solution that automates multi-merchant processes like payment collection. At the same time, Acumatica ensures accurate inventory management by automatically updating listings when items sell out or get discounted prices. This approach means your eCommerce business will be less likely to miss out on orders to stock outs.
Acumatica’s Automatic Payment, Settlement & Reconciliation (“PSR”) module automatically reconciles bank deposits with associated payment files from credit card processors, Amazon and eBay. It matches these payments/deposits in Acumatica. PSR saves hours daily by automating complex processes required for closing invoices and keeping up to date on all fees related to banks or other organizations that may charge interest rates on loans extended in the payment process.
Keep reading at https://www.clouderpsoftware.com/streamlining-multi-merchant-payment-settlement-and-reconciliation/
