Breaking down payments: How did processing payments get (so) complicated?
No one ever says “The world will be less complicated tomorrow.”
Certainly not in the world of finance.
And definitely not when it comes to payment reconciliation.
In today's fast-paced world, more sales means more profits...but they can also mean transactions, more parties, more payment methods, more accounting backlog, more deadlines. No wonder finance teams often view payment processings the same way Hercules viewed the Hydra: finish one task and two more grow in its place!
It’s enough to make any finance department want to call it quits. But don’t give up hope just yet.
In the latest episode of Zone and Co’s podcast Finance in the Clouds, host Jake Jones talks with Stephen Murray, Managing Director at Scarecrow and Michael Burstein, Product Manager at Zone and Co, about the latest complexities of the payment reconciliation process, and what companies–large and small–can do about it.
Are multiple payment gateways the answer–or do they just cause more problems? How can you provide great customer service and simplified payment options without bogging down your accounting department?
To learn more visit zoneandco.com