Reduce Costs
According to industry info, on average, ACH transaction fees can be up to 80% lower than traditional payment methods like paper checks.
Automate B2B payments and
order-to-cash with Trace ACH™
Controllers at mid-market organizations are under pressure to reduce Days Sales Outstanding (DSO) while maintaining simple accounts receivable workflows. Trace ACH™, the PayTrace ACH payment solution, replaces the inefficiencies of paper checks and costly wire transfers with secure, automated ACH payments.
How does Trace ACH™ improve the
order-to-cash cycle for B2B companies?
Accelerate Cash Flow and Reduce DSO
Trace ACH digitizes B2B billing methods, which reduces invoice-to-cash times from 30+ days to only 1-3 days. Reducing Days Sales Outstanding (DSO) frees up working capital for business growth.
Automate Cash Reconciliation
Real-time reconciliation reports allow accounting teams to see transaction totals at a glance and verify exact deposit matches against their bank accounts daily.
Remove Collection Friction with Self-Service Digital Portals
Instead of chasing payments, use Trace ACH to simplify the B2B payment process. Send payment links and provide an Electronic Invoice Presentment & Payment (EIPP) client portal where buyers can self-service.
Reduce Transaction Costs
Processing via the Automated Clearing House (ACH) network cuts down transaction fees dramatically—often up to 80% lower than standard credit card processing rates.
Mitigate Fraud and Chargeback Risks
Trace ACH securely stores sensitive bank routing and account numbers using a tokenized, PCI-compliant customer vault, unlike paper checks that display that information for all to see.
ACH Benefits
What are the DSO and cash flow and DSO benefits of switching from paper checks to ACH payments?
Streamline accounts receivable (AR) processes.
B2B transactions often involve large dollar amounts and multiple transactions. Trace ACH payments allow for quicker and more efficient fund transfers between businesses and can be automated as part of your B2B order-to-cash workflow.
Improve your business cash flow.
Say goodbye to slow, burdensome paper checks and manual processes. Rather than waiting 30 to 45 days or more for checks to clear, digitized ACH payment processing times are typically just 1-3 days.
What else can Trace ACH do to improve your business?
Mitigate Security Risks
Trace ACH protects sensitive bank details with our encrypted, Nacha-compliant processing. Sensitive customer data can be stored in our secure customer vault to minimize your compliance burden.
Set Up Recurring Payments
ACH payments help reduce the hassle of manual invoicing for businesses that offer subscription services or regular billing cycles, such as professional services retainers and B2B SaaS business models.
Ease Chargeback Risk
Disputes are far less common with ACH payments than with credit cards. In fact, Nacha requires unauthorized return rates to be under 0.5%.
Provide Flexible Payment Options
Accepting ACH payments gives your customers more flexibility, which helps remove friction from their payment processes.
How do ACH payment portals improve the B2B electronic invoice presentment & payment (EIPP) experience?
Customer experience is vital to attracting new customers and keeping existing ones happy.
What ways can I process ACH payments directly from customer bank accounts using PayTrace?
Virtual Terminal
Key in/manually enter ACH transactions into a web browser.
Payment Vault
Process ACH transactions using information from securely stored customer profiles.
Recurring Payments
Set up recurring and subscription ACH payments to process automatically.
Payment Link
Accept ACH payments by emailing an e-invoice with click-to-pay links directly to your buyers.
ERP ACH Payment Integration
Capture and authorize ACH payments inside ERPs like Microsoft Dynamics Business Central and Acumatica.
API
Create a custom ACH processing solution using the PayTrace API.