POS & PAYMENT PROCESSING INSIGHTS

• “POS” Is No Longer A Four-Letter Word In The MSP Community

  Many managed services vendors, who once rejected the retail vertical because it was a strange, new world to them, are now eager to enter our space and have already gained traction in pockets.

• How Secure Are Online Payments?

  Consumer preferences clearly point to online payments, but not all payment processors are created equal. As a security-conscious business that accepts online payments, are your transactions as secure as they should be?

• MSP's Guide To Predictable Cash Flow In Uncertain Times

  Cash Flow is the life-blood of a business, and when it comes to getting paid on time and profitability, 70% of MSP owners still lose sleep worrying about cash flow issues. So, how can you safeguard your business and ensure predictable cash flow?

• The Value Of Automation And Integrations Have Never Been Higher For MSPs

  Since MSPs often support dozens of businesses, if not more, the benefits of automation can carry through the entire IT ecosystem, speeding up various processes and optimizing management capabilities.

• 8 Billing, Collections & Payment-Related KPIs To Boost Your MSP's Cash Flow

  Effective billing and collections processes are key to financial stability. From the first contact with a prospective client to their payment hitting the company’s bank account, efficiency ensures success.

• The New MSP Payment Standard: Automated Cash Flow

  Accounts receivable automation with ConnectBooster will relieve your stress around cash flow and lessen the burden of accounting tasks required to keep pace with collections.

• Implement MSP Billing Best Practices To Encourage On-Time Payments

  MSPs can achieve predictable on-time payments from customers. The timing and workflows are critical, as are steps for validating and tracking all the various payments to ensure nothing gets lost amidst the chaos of running an MSP. 

• Building The Ultimate Automated Billing System

  Automated recurring billing systems take on some of the least popular manual tasks in managed services. These tools can also boost morale and eliminate headaches for clients’ accounting teams. Everyone will appreciate being involved in fewer emotionally draining collections calls.

• Six Surefire Ways To Fine Tune An MSP's Cash Flow

  Getting paid on time is not an unreasonable expectation, nor should it be a difficult hurdle for MSPs to overcome -  there’s a long list of best practices available for MSPs to follow.  

• The Pros And Cons Of Accepting Paper Checks

  Addressing the hidden costs of payment collection is critical for any forward-focused MSP. To accomplish that goal, providers must assess and then eliminate or optimize various procedures and implement payment solutions their clients will appreciate and actually use.

• Five Ways To Recession-Proof Your MSP In 2023

  Knowing what concerns and opportunities lie ahead and how the proper solutions can ease their operational transitions is a critical value proposition for MSPs. 

• 5 Payment Trends To Watch In 2023

  A number of factors contribute to the shift in how people and businesses purchase goods and services. From the growth of online procurement options to the convenience of technology-based payments, these trends impact IT infrastructure, cybersecurity measures and business policies.

• Aging A/R Is A Growing Problem For MSP Businesses

  A robust collections program gives MSPs greater control of their financial futures. That means less reliance on banks and credit agencies to fund business expansion—along with less interest expenses and fees.

• A Single Or Multiple Vendor Payment Platform Approach For MSPs: Which Is Better?

  Can providers effectively use a single vendor platform to manage invoices and accounts receivables, or should they assemble a specific collection of solutions from different suppliers to handle those responsibilities?