In 2024’s digital economy, efficient payment processing is an absolute must for most businesses to maintain successful operations. Thankfully, systems like EBizCharge can facilitate integrated payment processing directly in Microsoft Dynamics 365 Business Central to enhance financial workflows.
This article will explain how merchants can use EBizCharge in Microsoft Dynamics 365 Business Central to leverage integrated payment technology to eliminate many challenges associated with traditional methods, simplify payment processes, improve reporting, and enhance security measures.
What is Microsoft Dynamics 365 Business Central?
Microsoft Dynamics 365 Business Central is a business management solution designed to help small and medium-sized businesses streamline their operations. It integrates various functions like finance, sales, supply chain, and customer service into a single platform.
Business Central offers robust tools for financial management, project tracking, inventory control, and reporting, all while offering customization to fit unique business needs.
What are integrated payments?
Integrated payments allow businesses to accept payments directly within their software, making the process easier and more streamlined.
Integrated payments sync credit card and ACH/eCheck processing operations into popular business systems like Microsoft Dynamics, Salesforce, and others to allow merchants to process, accept, and manage customer payments inside these systems, eliminating the need to switch to other payment platforms.
By embedding payment capabilities into their business software or website, businesses can enhance the user experience for their customers. These centralized systems can also improve merchants’ financial scope, transaction management, and cash flow.
Integrated payments are commonly employed in various sectors, such as retail, hospitality, B2B, and service industries.
Now that you understand the value of integrated payments, the following section will explain various outcomes of incorporating them into your Dynamics BC software.
8 ways integrated payments improve financial operations in Microsoft Dynamics 365 BC
Integrating EBizCharge with Microsoft Dynamics 365 BC can streamline financial operations and workflows to generate more success and business growth.
Here are eight ways integrated payments can optimize your financial operations in Business Central using EBizCharge:
- Faster transactions and more payment options
- Lower payment processing costs
- Reduction of human errors and miscommunications
- Better financial reporting
- Increased security and fraud prevention
- Compliance with various financial regulations
- Better customer support
- Automated payment tools that mitigate manual processes
1. Faster transactions and more payment options
With integrated payments, businesses can avoid the hurdle of delayed transactions due to manual data entry and processing. This slows cash flow and impacts customer satisfaction since most consumers expect quick and efficient services.
Additionally, a lack of diverse payment options can hinder customer convenience and potentially drive sales away.
Integrated Dynamics 365 BC payment solutions like EBizCharge ensure faster processing times and diverse payment options such as credit and debit cards, digital wallets, and ACH payments, which can accelerate transactions and cash flow and improve the customer experience.
2. Lower payment processing costs
Integrating payments within Business Central helps merchants lower processing fees by reducing the need for multiple systems and intermediaries.
EBizCharge’s integrated payment service in Business Central offers customized pricing that yields cost savings thanks to its improved efficiency and reduced transaction complexity. This allows companies to avoid extra costs associated with manual processing and eliminate the need for multiple providers, which can also lower their rates.
As a result, businesses can see a direct reduction in expenses, which boosts their overall return on investment and helps improve profit margins.
3. Reduction of human errors and miscommunications
Manual payment processing often involves repetitive tasks like entering transaction details, matching payments with invoices, and updating records across multiple systems. These manual processes are prone to human error, whether through data entry mistakes, misfiled paperwork, or delayed updates.
Errors in payment data can easily lead to miscommunication between departments such as sales, accounting, and inventory management. For example, a misreported payment may cause the sales team to believe a customer hasn’t paid while the accounting team records the payment as complete. Similarly, inventory levels may not be accurately adjusted when a sale is recorded incorrectly, leading to stock management issues.
Thankfully, the integrated payment solution EBizCharge provides for Dynamics 365 Business Central can automatically capture, record, and synchronize payment data across all relevant systems without manual input, which can automate these tasks and mitigate errors.
4. Better financial reporting
Financial reporting is crucial for making more informed and intelligent decisions. Non-integrated systems often provide incomplete or siloed data, which can lead to less actionable insights.
Integrating Dynamics 365 Business Central systems with EBizCharge gives businesses access to comprehensive reporting tools with detailed, real-time financial insights. These systems automatically track and record all transactions, giving businesses a clear view of cash flow, sales performance, and customer payment trends.
With detailed reports, merchants can make informed decisions, improve financial forecasting, and identify areas for cost savings or improvements.
Additionally, the integrated nature of the system ensures payment data accuracy and availability across departments, accelerating operations and boosting efficiency.
5. Increased security and fraud prevention
As cyber threats grow, securing customer payments is of the utmost importance for most businesses. Thankfully, the EBizCharge payment integration for Dynamics 365 BC is equipped with advanced security features to protect sensitive data against fraud and breaches.
EBizCharge provides multi-factor authentication (MFA) for added layers of security, requiring users to verify their identity through multiple steps before accessing sensitive payment data. Its 3D Secure fraud detection also monitors real-time transactions, flagging suspicious activity and potential breaches.
These security measures protect businesses from costly data breaches, ensure customer trust, and minimize financial risks associated with fraud and cyberattacks, making integrated payments in Dynamics 365 BC a secure option.
6. Compliance with various financial regulations
Microsoft Dynamics 365 Business Central helps businesses comply with numerous financial regulations by adhering to international accounting standards and local tax laws.
With EBizCharge, integrated payments in Business Central are fully Payment Card Industry (PCI) Compliant, meaning they consist of robust security measures like tokenization and encryption to protect customer payment data.
Other global systems typically comply with International Financial Reporting Standards (IFRS), which are widely used in over 140 countries to ensure that financial statements are accurate and comparable across borders. This is crucial for multinational businesses that must standardize their reporting and financial processes globally.
In addition, integrated Business Central payment systems support Generally Accepted Accounting Principles (GAAP), which are used in regions like the U.S., and verify that financial records meet local regulatory requirements to prevent costly non-compliance penalties.
Integrated payments also assist with audit trails, maintaining detailed records of all transactions, which is essential for internal audits and external regulatory reviews.
By adhering to international, national, and local regulations, integrated Dynamics 365 Business Central payment systems help merchants avoid legal risks and maintain compliance across multiple regions and jurisdictions.
7. Better customer support
Support is critical to resolve payment processing issues swiftly and prevent downtime. With standalone systems, businesses may experience a lack of dedicated customer service, which can lead to prolonged disruptions.
EBizCharge is a reliable payment processing software for Dynamics 365 Business Central that delivers unlimited, direct customer support, ensuring timely assistance when issues arise and fewer system disruptions.
8. Automated payment tools that mitigate manual processes
EBizCharge automates several manual processes in Dynamics 365 Business Central, such as data entry, invoice matching, and payment reconciliation.
This automation ensures that payment data is instantly updated across all relevant systems, reducing the risk of human error and freeing employees from repetitive tasks. For example, payments can be automatically applied to outstanding invoices, and financial records are updated in real-time without manual intervention.
Automation speeds up financial workflows and allows teams to redirect time and resources toward higher-priority, value-adding activities, such as strategic planning, customer service, or business development.
Thanks to its enhancements, the EBizCharge’s embedded payment solution in Microsoft Dynamics consists of a robust system that can assist in scaling your business growth while optimizing financial operations.
3 takeaways of a Microsoft Dynamics 365 BC payment integration
Integrating payments into Dynamics 365 Business Central provides substantial benefits that can maximize the return on investment (ROI) for businesses using the platform.
Three significant advantages of having an integrated payment system within Dynamics 365 BC include enhancements to the user experience, better operational efficiency, and real-time financial insights into cash flow.
Enhanced user experience
Integrated payments in Microsoft Dynamics 365 Business Central can significantly enhance the user experience by providing a smoother, more seamless checkout process.
In traditional setups, consumers often face multiple steps during checkout, such as switching between payment platforms, re-entering their payment information, or waiting for manual approvals. These extra steps can lead to frustration, delays, and even abandoned purchases.
Integrated payment systems remove these hurdles by enabling customers to complete transactions within the same platform or application they use to shop or engage with your business. Whether purchasing online, in-store, or via a mobile app, the payment process is optimized to require minimal input and effort for users.
For example, integrated payment solutions typically allow secure data storage to accelerate future transactions with one-click payments. This reduces friction in the buying process, making it easier for consumers to complete hassle-free purchases quicker.
Additionally, integrated payment systems often support numerous payment methods, such as credit cards, digital wallets, and mobile payments, to enhance convenience and flexibility for your clients.
Improved operational efficiency
Integrating payment processing within Business Central significantly enhances operational efficiency by streamlining financial workflows and reducing manual tasks.
Automated invoicing and payment collections allow teams to focus on strategic initiatives, while real-time updates to financial data provide immediate visibility into cash flow for faster decision-making. This integration minimizes errors by eliminating manual processes, which also accelerates reconciliation and improves overall accuracy.
Most Microsoft Dynamics payment processors also support multiple payment methods across various sales channels to cater to customer preferences while maintaining a unified financial record.
Ultimately, these integrated payment capabilities accelerate cash flow, reduce administrative overhead, and optimize this experience for customers and merchants.
Real-time financial insights into cash flow
Integrating payments in Microsoft Dynamics 365 BC provides real-time access to transaction data, giving merchants a clear and immediate view of their cash flow. This instant visibility means companies can monitor sales, track payments, and spot current or upcoming trends without waiting for manual reconciliation or delayed reports.
Having up-to-date financial data enables businesses to make smarter, data-driven decisions, such as price adjustments, inventory management updates, or optimizing cash reserves.
Real-time insights also help businesses identify potential issues early, like missed payments or inconsistencies, allowing them to respond quickly and avoid disruptions. This level of financial clarity supports better planning and forecasting, which can drive business growth and help businesses compete in an ever-changing market.
With the comprehensive features and benefits of integrating payments, Business Central merchants can adapt to evolving business requirements with a powerful payment platform that supports robust financial operations within the scope of Microsoft Dynamic’s reporting capabilities.
Why EBizCharge is a top payment processing provider for integrated payments in Microsoft Dynamics
EBizCharge seamlessly integrates with Microsoft Dynamics 365 Business Central thanks to its Microsoft-certified payment software that centralizes payments into an all-in-one platform for unmatched performance.
EBizCharge delivers a robust integrated payment processing solution that accelerates and optimizes credit card and ACH/eCheck processing with unique features and valuable benefits that transform the invoicing process for merchants and their customers.
EBizCharge automates manual payment tasks and payment collection operations by offering a suite of features that include automated payment posting, an online customer payment portal, secure email payment links, recurring billing for subscription-based services, and more.
The EBizCharge payment software also enhances security via credit card tokenization, encryption, and 3D Secure, while providing real-time payment data for improved visibility. It also provides customizable reporting tools that provide valuable insights into daily operations, supporting smarter business decisions.
With the EBizCharge payment processing software for Dynamics 365 Business Central, merchants can maximize their investment and leverage a reliable solution that’s scalable, consistently updated, and tailored to enhance their payment infrastructure.
