And it seems Americans are doing just that as entrepreneurship is increasing, and more start-up companies are surfacing. With a brighter economic forecast, more small- to medium-sized businesses are also seizing opportunities for growth and expansion while employing improved technology and more efficient systems in their operations. And according to The Economist, "By raising productivity, any automation which economizes on the use of labor will increase incomes. That will generate demand for new products and services, which will in turn create new jobs for displaced workers."
Automating and streamlining business payment processes and expanding the scope of payment method capabilities is one of the most effective ways to increase customer satisfaction, and improve company and client security.
Expanding the scope of possible payment methods will enable companies to deploy increasingly popular and convenient methods like mobile payment capabilities, electronic payments and virtual cards (single-use accounts). Using an enterprise-wide disbursement hub will ensure efficient outbound payment processing while eliminating and consolidating programs to reduce points of failure, and improve the ability to track, organize, and analyze data. Reducing costs, eliminating errors, and increasing payment insights will ultimately lead to increased company revenue and customer satisfaction.
A few of the benefits of a comprehensive disbursement hub are:
If your company is ready to scale and improve its payment operations, a comprehensive and robust disbursement hub is necessary for a business’ entire enterprise. Prelude’s PayPilot® solution will work seamlessly with your existing core systems to help reduce costs, all while increasing efficiency, reducing costs and enabling the flexibility to meet your business needs.
Contact us today for any additional information from the same professionals that have helped savvy organizations like The Philadelphia Contributionship, Bear River Mutual and ARI Insurance to Carnival Cruise Lines, Esurance and AAA improve their payment processing, improve their customers experience and reduce cost.