Timely payments are crucial for businesses to ensure positive cash flow, enabling them to meet their operational expenses and investments. Water Delivery Solutions provides bottled water delivery software that automates and streamlines operations, including order processing, invoicing, payment collection, stock leveling, and delivery planning.
The system supports multiple payment options, offering customers the flexibility of making payments via their preferred method. You can integrate various payment gateways into the system. The system also supports multiple payment models, including prepaid, postpaid, and hybrid. This blog focuses on understanding the benefits of offering digital payments.
Benefits of digital payment for bottled water businesses
The water delivery software digitizes payment collections, integrating multiple payment gateways such as PayPal, Stripe, Authorize.Net, Sage Pay, PayU, CCAvenue, and many more. Here are the benefits of offering digital payments for bottled water businesses.
Immediate Payments
Everyone is struggling with jobs, relationships, finances, health, and a variety of other issues. The traditional technique is a demanding and frantic process because it is typically slow and time-consuming. The electronic payment system avoids turmoil as they are speedier and more straightforward, such as credit cards, e-cash, etc. Electronic payments can be made from anywhere using an electronic payment app, ensuring timely payments.
Contactless
People avoided personal interaction because of the COVID-19 outbreak, which raised the demand for contactless deliveries and payments. To prevent human contact, electronic payment uses POS terminals and QR codes; in this approach, the payee holds the mobile phone near the terminal, and the payment is completed electronically.
Better User Experience
A company must attract customers by improving the user experience. Electronic payment is a cutting-edge technology that provides a better user experience in terms of a smooth transaction, eliminates hurdles to purchasing, such as long lines or limited quantity, has no additional costs, and so on.
Other benefits:
- Helps in maintaining a positive cash flow
- Fewer customers dispute
- Customers’ convenience
- Automatic payment reconciliation
- Automatic payment reminders
- Auto debit via credit card/bank account
- Easy refunds
- Easy bill verification for customers
- Easy accounting for commercial customers
Electronic payments are significantly more efficient and secure than paper-based equivalents. Payment tokenization, encryption, SSL, and other security features are available in e-payment methods and systems.
Conclusion
The majority of businesses (64 percent) desire to make more electronic payments and become paperless bottled water delivery businesses, but the largest roadblock for many is suppliers’ readiness to accept e-payments and their employees’ capacity to contact and enroll vendors. It’s also vital to find an AP automation solution that includes supplier enablement. Supplier services eliminate the time and effort of enrolling vendors, allowing you to expand your electronic payment procedures and realize more benefits. Book a demo to see how we can help!
He loves to explore. His passion for helping delivery industries in all aspects flows through in the vision he has. In addition to providing smart solution to make delivery process flawless, Ravi also likes to write sometimes to make it easier for people from business industry looking for digital solutions.
