Paymetric’s PCMA will provide tools to optimize credit card acceptance and improve transaction visibility through enhanced payment card utilities, expanded reporting and analytics capabilities, and advanced receivables management functionality. PCMA has also expanded the library of performance metrics available in native SAP.
PCMA’s receivables management tools allow companies to accept credit card payments against an open invoice, a process that in native SAP would require the invoice be cancelled and re-issued through the sales system. PCMA will also allow companies to accommodate deposit and down payment processing in SAP by posting debits and credits directly to customer accounts from a payment card. Benefits of these improvements will include reduced risk, improved customer satisfaction, and reduced day’s sales outstanding.
Ken Naumann, senior vice president for sales and marketing at Paymetric, said: Even with all of SAP’s strengths and advantages, we found opportunities to further simplify and streamline the process of accepting credit card payments on B2B transactions. PCMA provides seamless workflow solutions that reduce the cost of accepting credit cards and takes payment card management in SAP to the next level.
