Payments
Deep Dive:
for Accountants
The shape of payments in the accounting industry today.
The global accounting services industry is ranked as the 4th largest industry by market size. In the US alone, a combination of in-house accountants and over 660,000 licensed CPAs help businesses handle back-office operations. Accountants play a pivotal role in helping businesses with back-office tasks, including accepting and processing payments on behalf of clients. But clients' needs are changing—they want accountants to deliver greater strategic value to increase their competitive advantage. To do this, accountants must improve their operational agility—and having the right business tools is key. Plastiq Pay helps accountants automate payment workflows and provides the flexibility and reliability needed to ensure they can deliver greater strategic value to clients.
Key Payments Challenges
Accounting firms are facing some common challenges.
Outdated legacy
systems
Accountants must replace outdated siloed systems with innovative cloud-based payment platforms designed for mobility in mind.
Numerous manual
processes
Back-office processes need to be streamlined and simplified to free up valuable time for higher-level strategic work.
Attachment to the
status quo
Reimagining how work gets done and automating manual data entry is needed for faster and more reliable results.
Plastiq Pay Solutions
Plastiq Pay meets those challenges.
Effortless payment
processing
Plastiq Pay is flexible and offers more payment options with a built-in approval process to process payments for clients.
AI-powered invoice
data import
Plastiq Pay quickly and seamlessly imports data to increase accuracy, without worrying about incorrect payment details.
Automatic two-way
data syncing
Plastiq Pay syncs bills, suppliers, and payments to QuickBooks Online, Xero, Oracle Netsuite, and Sage Intacct.
Plastiq Accept solves payment problems before they're problems.
Automated approvals
Automated approvals
Streamlined payment process
Streamlined payment process
Pay suppliers faster
Pay suppliers faster
Extend cash on hand
Extend cash on hand
Easy international payments
Easy international payments
Cash flow monitoring
Cash flow monitoring
Tax-deductible fees
Tax-deductible fees
Greater expenses visibility
Greater expenses visibility
Plastiq Accept - Don’t chase, automate.
Effectively supporting business clients means accountants need to offer better ways to collect receivables. The way forward is through mobile-enabled digital payment platforms that provide increased flexibility and predictability. This ensures improved business growth and sustainability for clients working remotely. Plastiq Accept removes payment collection gaps by seamlessly integrating faster payment collection, thus improving cash flow.
Think Plastiq Pay is right for your business?
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