PayTrace Announces New Embedded Solution to Accept Payments and Automate Accounts Receivable with Microsoft Dynamics 365 Business Central (BC)
SPOKANE, WA [October 3, 2024]: PayTrace, a leading B2B payment platform and wholly owned subsidiary of North, announced today its new embedded payment solution, Trace AR for Microsoft Dynamics 365 Business Central (BC), which provides a secure and seamless solution for businesses to accept and automate digital payments, manage collections, and reconcile payment batches, all from within Microsoft Dynamics Business Central.
Microsoft Dynamics Business Central is a leading, growing Enterprise Resource Planning (ERP) designed to help SMBs and mid-market enterprises manage their sales, finances, operations, and more.
Payment Gateway to Full-Service Processing to Embedded Payments
PayTrace has been in business for more than 20 years and began as a payment gateway, bringing payment efficiencies to B2B companies. Over the last two decades, PayTrace has evolved into a full-stack payment processor with solutions for cost savings, accounts receivable (AR) automation and more.
With its new solution for Dynamics Business Central, the company introduces the first of many ERP integrations to come, as it capitalizes on its strategy of further evolving to meet the business needs of AR and finance professionals by entering the ERP and embedded finance markets.
“Finance and AR professionals in Business Central are always looking for ways to streamline and automate their processes, and payments and AR are consistently at the top of their lists,” says Mary Miller, Director of Marketing for PayTrace. “Trace AR for Business Central gives users visibility into their payments processes, control over the collections process, and access to payment data, which helps them, in turn, make better business decisions regarding cash flow, business growth plans, investments, and more. It helps them see the financial impacts on their business, really providing them with better financial intelligence.”
When asked what makes embedded solutions the hot topic in payments right now, Jeremy Boogaart, VP of product for PayTrace responded, “Embedded solutions are really the best of class right now, because they eliminate the need for extra systems and steps outside the ERP that finance and AR professionals are already using day in, day out.”
Boogaart continued, “B2Bs, in particular, are notorious for having manual, outdated processes that could greatly benefit from automation. And embedded solutions like Trace AR for Business Central provide a simple and seamless way to digitize and automate payment processes, eliminating manual work, cutting costs, and getting the business paid faster.” According to PayTrace, payment and AR automation drastically reduces Days Sales Outstanding (DSO) by 80%, on average.
Dynamics Community Summit in San Antonio
Capping off a year full of connecting with partners and businesses at conferences like DynamicsCon LIVE, Directions North America, and more, PayTrace is exhibiting for its second year at the upcoming Dynamics Community Summit in San Antonio. Community Summit is an annual gathering of Dynamics users, partners, and ISVs from all over, who gather to learn, innovate, and network with each other in one of the largest Microsoft events out there.
“We are so excited to introduce Trace AR for Business Central at Community Summit this year,” says Miller. When asked what attendees can expect, she replied, “We’ll have a demo of the solution ready for everyone to see, but what’s really exciting is that we want this solution to be very collaborative with the users in the Dynamics community. We want to hear from you about what you would like to see and what would be most helpful to your accounting processes.”
In fact, as this is the first ERP solution to market for PayTrace, the company is working with Dynamics partners and early adopters in the user community to refine and enhance the solution. “Early adopters will be able to suggest new features, influence the roadmap, and really work with us to develop a solution that excels for the actual end users,” Boogaart reinforced.
PayTrace will be exhibiting in booth #1027 at Community Summit, October 13-17. For more information on Trace AR for Business Central, visit https://paytrace.net/trace-ar or paytrace.com.
PayTrace will also be hosting a new webcast on Tuesday, October 22 to explore how their integrated solution bridges the gap in Business Central payment processing. Register here.
Media contact:
Mary Miller
About PayTrace
The B2B payment experts, PayTrace specializes in payment and AR automation and credit card processing, making accepting secure payments affordable and easy. They provide solutions for accounts receivable, interchange optimization, surcharging, and more, all built on the solid foundation of a B2B payment gateway that’s trusted by 40,000 merchant businesses. With 20 years of experience, PayTrace helps you provide your customers with the payment experience that works best for them. You can accept payments online, within ERP systems, through integrated solutions, in person or on the go.