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My Accounting System is Automatic. Why Do I Need SmartPay?

Wednesday, 24 June 2009 07:32 by rhaden

relaxed businesswomanDo you think that, just because your accounting system automates accounts receivable and accounts payable, you can just relax and you don't need an electronic billing solution like SmartPay?

Not so. Typical accounting systems don't offer a true fully functional paperless AR and AP solution. Different companies use different financial systems, and interoperability among the systems isn't a given.

While there are efforts being made to  standardize and stabilize the various systems, that's far in the future.

SmartPay offers a self-serve portal for your customers and vendors. The portal is secure, customizable, and complete. Your clients and trading partners can trade financial documents seamlessly. 

Interoperability among the various accounting systems of all the people and companies you're working with is assured with SmartPay.

That's relaxing.


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Is Onsharp's SmartPay service a replacement for my accounting system?

Wednesday, 10 June 2009 09:26 by rhaden

online paymentSmartPay complements your accounting system.

Onsharp's SmartPay service works alongside your accounting system, helping to bridge the gap between the supplier's and the buyer's financial systems.

Before using SmartPay, you would use your own accounting system to produce an invoice. Then you'd mail it, or perhaps attach it to an invoice as a PDF and send it off. The recipients then would have to put all the information from your invoice into their accounting system, cut a check, and send it to you. Your vendors would do the same, producing their own invoices for you in their (probably incompatible) accounting systems for you to run through your own accounting system.

SmartPay provides a Vendor Account Center and a Customer Account Center. Accounting systems typically don't come with this functionality.

Think of SmartPay as a communication system for finances.

Once your clients receive your invoice,  they can use the secure customer portal to pay by credit card or by debit from their bank. You also have the option of assisting them with phone payments if they prefer.

You can see why we call it "smart."

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Do I Need My Own Server to Use SmartPay?

Wednesday, 3 June 2009 09:46 by rhaden

 serversBy no means.

SmartPay is  a secure, hosted service provided by Onsharp on a monthly suscription basis. You don't need any special hardware beyond what you normally use in your business.

This is in fact a side benefit of using SmartPay. No longer will you have slow processing on your computers because the number of customer files is increasing. Nor will you have worries about security.

Onsharp provides both a merchant portal for your business to manage your Smartpay account, and a secure customer portal where your customers can pay bills and check their balances in the privacy of their homes.

You don't need your own servers, your own IT department, or any special skills. 

You don't have to be a big business -- you just get to look like one.

 

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