Mobile Commerce

RazorSync Upgrade Cuts Cash Flow Issues With mPayments

RazorSync, the desktop and mobile software application that is driven by the cloud, announced on Tuesday (July 21) that it has upgraded a software product designed to improve users’ cash flow.

The latest iteration of the software, titled RazorSync 5.0, allows enterprises using the software to both create invoices and accept customer payments on the site of a job or project using mobile phones or tablets.

RazorSync said the business users who utilize 5.0 to process mobile payments get the “best rate possible” on credit card processing and are also able to link invoices and payments with customer data. The card payments are processed onsite with a portable credit card reader. That reader in turn plugs directly into a phone, iPad or other mobile device. The payments are also able to be posted in a given business’s QuickBooks Online account.

“Our clients are smart business owners, and they shop around for the best rates on card processing, but it’s the cost savings they realize by eliminating administrative time that really surprises them,” Christopher Rywelski, cofounder and president of RazorSync, said in the latest software announcement. “Everyday we talk to owners and office managers at all types of service businesses, from HVAC to lawncare to computer services, who tell us they’ve eliminated hours of administrative work each week. They simply no longer spend time running weekly invoices or reconciling invoices in QuickBooks because RazorSync now does it for them.”

Other features of RazorSync include photo attachments, video files and e-signatures, alongside tracking features that log employee travel time and overtime.

“Our typical customer reports saving more than 15 hours of office time each week,” said Rywelski in the statement, who added that “by automating the task, speeding the cash flow cycle and eliminating paperwork, RazorSync 5.0 creates more time that owners can spend growing their revenue instead of handling administrative work.”


To check out what else is HOT in the world of payments, click here.


Exclusive PYMNTS Study: 

The Future Of Unattended Retail Report: Vending As The New Contextual Commerce, a PYMNTS and USA Technologies collaboration, details the findings from a survey of 2,325 U.S. consumers about their experiences with shopping via unattended retail channels and their interest in using them going forward.

Click to comment