A best-in-breed practice is integrating your payment data into your accounting system. Not only will this eliminate the inaccuracy of manual data entry, but it will reduce your days sales outstanding (DSO) and enhance your audit and compliance positions.
How should a small to mid-sized business approach payment processing? Greg Hammermaster, president of Sage Payment Solutions, offers 10 things SMBs should know about this field. Hammermaster has extensive experience with credit card and check operations, and has also worked in the sales and business development of commercial card practices.