Customers want convenient ways to pay, while accounting teams need every payment recorded accurately. When ACH transactions are managed through a separate bank portal, employees may have to reenter payment information, manually apply funds to invoices and spend additional time reconciling activity.
ACH payment processing in Acumatica Cloud ERP brings electronic payments into the same system used to manage customer accounts, invoices and financial records. This helps businesses offer a convenient payment option while creating a more connected accounts receivable process.
Watch the video to see how ACH payments can be processed and managed within Acumatica.
Give Customers More Ways to Pay
ACH payments allow funds to move electronically between bank accounts. For many businesses, they provide a practical alternative to paper checks and credit card transactions, especially for larger invoice amounts or recurring customer payments.
Depending on the payment solution and configuration, Acumatica can support capabilities such as:
- Accepting ACH payments from customers
- Sending secure payment links
- Collecting full or partial invoice payments
- Processing multiple invoices together
- Recording customer payment information
- Applying payments to open balances
- Sending payment confirmations
Customers gain a more convenient payment experience while employees can manage related activity through Acumatica.
Reduce Manual Payment Processing
Disconnected payment processes create more opportunities for entry errors and delayed updates. An employee may receive notice of an ACH transaction, create a payment record and then determine which invoices should be closed.
Integrated payment processing helps connect those steps. Payment information can flow into Acumatica, where it can be applied to the appropriate customer account and financial records. This reduces duplicate entry while giving accounting teams better visibility into payment status.
Employees can spend less time moving information between systems and more time reviewing exceptions that require attention.
Improve Cash Flow Visibility
Faster payment options can make it easier for customers to pay outstanding invoices. Payment links can also provide clear instructions without requiring customers to mail checks or call the accounting department.
Because payment activity is connected to accounts receivable, finance teams gain a more current view of customer balances and available cash. This supports more efficient reconciliation and collections management.
Watch the video above to see ACH payments in action, then talk with 3Value about creating a faster, more connected payment process in Acumatica Cloud ERP.