As more small businesses invest in e-commerce, mobile commerce and other point-of-sale (POS) environments, it can be tough to keep payments and cash flow all synched up. That's a challenge addressed by Sage North America in its new update for the Sage Exchange payments platform.
A newly designed portal offers small and midsize businesses the ability to consolidate and manage their views into mobile, POS, e-commerce and other merchant accounts. That means they'll be able to have a single dashboard into these accounts, one that can be linked back into their accounting systems.
Sage has committed to adding support for other payment services, such as international money transfers, in the future.
"Integrating payments with accounting systems has previously only been available to large businesses, given the costs and complexities of mapping and communicating the data from the point-of-sale to the back-office software," said Greg Hammermaser, president of Sage Payment Solutions, in a statement. "We designed Sage Exchange for the SMB, so a non-technical person can integrate payments with an accounting system in three easy steps."
Sage Exchange supports the Payment Card Industry (PCI) specification. It can be used with Web-based virtual terminals, POS terminals, e-commerce sites and mobile devices that are using the Sage Mobile Payments application.
So, yes, right now there are some limitations on what you can integrate into the portal but if your small business has already committed to other Sage accounting and POS applications, this is pretty much a no brainer.
Sage Exchange specifically works with Sage 50 Accounting U.S. Edition (formerly known as Sage Peachtree) 2013, which is being released in May 2012. It will be updated to support other Sage accounting and enterprise resource planning applications later in 2012.