Nuvei Payments integration with Sage Intacct offers a powerful solution to streamline financial operations and enhance payment processing. This integration brings together Nuvei’s advanced payment capabilities with Sage Intacct’s robust accounting features, providing a seamless and efficient financial workflow.
Key Features of Nuvei Payments Integration with Sage Intacct
1. Seamless Credit Card Management
The integration allows for updating and saving of credit card information directly within Sage Intacct. It supports voids and refunds, ensuring all transaction-related actions can be managed from within the ERP system without needing external tools.
2. Support for Multiple Entities
Businesses with multiple entities can use a single Merchant ID for top-level processing or assign individual Merchant IDs for each entity. This flexibility ensures each entity’s transactions are managed appropriately within the overarching organizational structure.
3. Customer Account Vaults
It maintains customer account vaults directly within Sage Intacct, allowing for secure storage and management of payment methods. This feature supports efficient handling of customer payment details and streamlines recurring payments.
4. Integrated Payments for Various Transactions
Payments can be integrated seamlessly into Accounts Receivable (AR) Invoices, Order Entry, and Sales Invoice transactions. This ensures payment processing is an integral part of the transaction workflow, enhancing efficiency and accuracy.
5. Pre-Authorization and Anonymous Payment Links
Order Entry supports pre-authorization, providing an additional layer of security and assurance for large transactions. Anonymous payment links can be sent via email along with transaction documents, allowing customers to pay easily without needing a login.
6. Merchant-Enabled Customer Portal
The integration includes a customer portal where customers can maintain their saved payment methods and select multiple invoices for payment. This self-service portal enhances customer experience and simplifies payment processes.
7. Automatic Online Payment Recording
Online payments are imported automatically and recorded as payments received in Sage Intacct. This automation reduces the need for manual entry and ensures payment records are always up-to-date.
8. Automated Recurring Payments
It schedules automated payments for recurring transactions, reducing administrative burden and ensuring timely payment collection. This feature is especially useful for subscription-based or recurring billing models.
9. Fee Recovery Programs
Businesses have flexibility to transfer transaction fees, such as those associated with credit cards, debit cards, checks, ACH, or wire transfers, back to the purchaser. This helps in managing and potentially reducing overall transaction costs.
10. Cost Savings with Level 2 and Level 3 Processing
Nuvei’s integration supports Level 2 and Level 3 processing, ideal for B2B transactions. These levels offer reduced interchange rates, leading to significant cost savings for businesses.
11. PCI Compliance and Security
Nuvei handles all aspects of PCI compliance, relieving businesses of burden and risk associated with managing sensitive credit card and account information. With Nuvei’s PCI DSS Level 1 processing platform, security is managed by experts, ensuring robust protection for all payment data.
Also Checkout -> Sage Intacct Integration Connector
Benefits of Nuvei Payments Integration with Sage Intacct
Streamlined Operations and Cost Savings
Integrating Nuvei Payments with Sage Intacct eliminates need for multiple systems and manual reconciliation processes. The integration saves time and reduces operational costs by automating payment processing and data entry, allowing businesses to focus on their core activities.
Improved Cash Flow Management
Real-time transaction monitoring and automated payment recording improve cash flow visibility and management. Businesses can easily track incoming payments and outstanding invoices, ensuring better financial planning and decision-making.
Enhanced Customer Experience
The integration provides a comprehensive customer portal and supports various payment methods, including credit cards and ACH. This flexibility enhances customer experience by offering convenient and secure payment options.
Reduced Transaction Costs
With support for Level 2 and Level 3 processing, businesses can benefit from lower interchange rates for B2B transactions. This feature, combined with ability to pass on transaction fees to customers, leads to significant cost savings.
How to Configure Nuvei Payments Integration with Sage Intacct
Steps with more details on nuvei sage intacct integration:
- Create a Nuvei Account: Start by setting up a Nuvei account if you don’t already have one. Ensure all necessary business information and payment methods are configured in your Nuvei account.
- Log In to Sage Intacct: Access your Sage Intacct account with administrative privileges to make changes to integration settings.
- Go to the Integration Module: Navigate to the Integration module in Sage Intacct. This section allows you to manage integrations with various payment gateways.
- Add Nuvei as a Payment Processor: Select the option to add a new payment processor and choose Nuvei from the list. Enter your Nuvei account credentials and any required authentication details.
- Configure Payment Settings: Set up payment settings, including payment methods, currency options, and transaction types, to align with your Nuvei account configurations.
- Map Payment Data: Map the payment data fields from Nuvei to the corresponding fields in Sage Intacct. This step ensures that data is transferred accurately between systems.
- Test the Integration: Perform test transactions to ensure the integration functions correctly. Verify that payments processed through Nuvei are accurately reflected in Sage Intacct.
- Go Live: Once testing is complete, enable the integration for live transactions. Monitor the integration closely to ensure smooth operation and address any issues promptly.
Conclusion
With Nuvei Payments integration with Sage Intacct, businesses can look forward to a more connected and efficient financial system that supports their growth and operational goals.
FAQs for Nuvei Payments Integration with Sage Intacct
Q. What types of transactions are supported by this integration?
A. The integration supports payments for Accounts Receivable (AR) Invoices, Order Entry, and Sales Invoice transactions within Sage Intacct. This allows seamless payment processing as part of the regular transaction workflow.
Q. Can I use different merchant accounts for each of my business entities?
A. Yes, the integration offers flexibility in terms of merchant account setup. Businesses with multiple entities can use a single Merchant ID for top-level processing or assign individual Merchant IDs for each entity, ensuring transactions are managed appropriately within the organizational structure.
Q. How are online payments recorded in Sage Intacct?
A. Online payments made through the integrated system are automatically imported and recorded as payments received in Sage Intacct. This automation eliminates the need for manual data entry, reducing errors and saving time.
Q. Does the integration support recurring payments?
A. Yes, the Nuvei Payments integration with Sage Intacct includes the ability to schedule automated recurring payments. This feature is particularly useful for businesses with subscription-based or recurring billing models, as it ensures timely payment collection without manual intervention.
Q. Can I pass transaction fees back to the customer?
A. Absolutely. The integration offers fee recovery programs that allow businesses to transfer transaction fees, such as those associated with credit cards, debit cards, checks, ACH, or wire transfers, back to the purchaser. This helps in managing and potentially reducing overall transaction costs.
Q. How does the integration handle PCI compliance and data security?
A. Nuvei handles all aspects of PCI compliance, relieving businesses of the burden and risk associated with managing sensitive credit card and account information. With Nuvei’s PCI DSS Level 1 processing platform, security is managed by experts, ensuring robust protection for all payment data.
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