Integrated payment processing software enables businesses to accept payments from customers directly by using the existing accounting software or ERP they currently use for their accounting tasks. Earlier, without the system in place, businesses had to accept payments using another third-party platform. This could be in the form of a physical device or a virtual online terminal that accepts payments. The businesses then had to later reconcile the payment manually with their accounting software to ensure the invoice was showing the correct payment value. This was time-consuming and tedious. Integrated payment processing eliminated all this.

Here are some reasons why integrating payment processing with invoicing is recommended for businesses.