NetSuite Magazine

NetSuite Magazine,July 2014 - Efficient, Secure Check Printing

An outsourcing solution takes the pain out of the process.

 

San Mateo, CA -- (ReleaseWire) -- 07/29/2014 -- Have you ever tracked the time it takes to make check payments to your vendors, customers, and employees? Generating the payment is just the beginning. The bulk of the work is done when you print, assemble, sort, and mail those payments. Have you wondered about the alternative to doing all of this work internally? One solution is available from Piracle, which has developed a SOC 2 certified, Built for NetSuite solution that will take over the manual part of fulfilling your check payments.

Every business has a unique payment workflow and there is no “one size fits all” approach that can be adopted to ensure maximum efficiency across all organizations. That being said, the clear advantage of increased payment flexibility is that it leads to an increase in overall payment efficiency. Having sufficient accounts payable options at your fingertips ensures you can make your payments quickly within the appropriate payment cycle time. This will allow you to hold your funds until you are required to make your payments, while making sure you take advantage of appropriate payment discounts.

Piracle has been in business for more than 20 years, and three years ago built the solution on the NetSuite platform to extend payment flexibility to NetSuite users. The solution now allows for electronic payments in the form of ACH, EFT, wire transfers, and PayPal payments directly from your NetSuite account. Although businesses are transitioning to electronic payments, the majority of business-to-business payments are still made by check. Electronic payments are less labor intensive, but paying with MICR checks continues to make up the foundation of how we pay our vendors, customers, and employees.

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