SAP Payment Processing: Everything You Need to Know
A Guide to Credit Card Processing in SAP
Welcome to your introduction to SAP! Businesses across the globe use ERP systems, otherwise known as enterprise resource planning systems, like SAP every day to tie together multiple facets of their business into one, neat network. These systems allow international companies to process large amounts of data, and deposit that data back into one single database. Of the ERP options available, SAP is one the most used providers. How does SAP work? Keep reading to learn more.
What is an SAP system?
Founded in Germany in 1972, SAP, or Systems, Application, and Products in Data Processing, is a global software company specializing in enterprise software. SAP’s product suite helps companies with offices around the world manage business operation in one all-encompassing solution. With over 400,000 customers in 180 countries, SAP is a leader in this space, and is used by 91% of the Forbes Global 2000.
How to use SAP
SAP software can be used for a variety of tasks, including:
- Finance: consolidate financial information from across departments and offices into one platform for easy-to-read, real-time analytics.
- Project Management: monitor open projects while forecasting total costs from within your software.
- Sales: your sales and marketing teams get real-time access to analytics across your business to use when creating their next campaign.
- Manufacturing: monitor and control your supply chain based on current client demand.
SAP Credit Card Processing
On top of the above mentioned SAP functionality, payment processing can be built into your platform through an SAP-certified third party solution. An SAP-validation distinction means the pre-built integration passed rigorous tests proving it won’t fail and can be deployed without altering native SAP coding - making setup a breeze.
So why else should you use an SAP-certified payment method? Creating a single source for all of your business needs is one of the top advantages of using an ERP system like SAP, and bundling credit card processing within that cuts down on time spent reconciling payments. Plus, integrated payments can provide extra security for your customers and yourself.
Integrated payments, like the solution offered by CardConnect, bypass the rest of your SAP software during processing to drastically reduce your PCI compliance scope. Features like tokenization and point-to-point encryption keep you safe and secure, and help protect your business from cyber criminals.
Tokenization: Creates irreversible, merchant specific tokens that are placed in the SAP payment table, while your customer’s information is stored in a 100% certified vault.P2PE: Instantly encrypts data for swiped, dipped and keyed transactions, sanitizing your system of sensitive information.Want to become familiar with more payment terms in SAP? Click here!
In addition to keeping your business secure and your operations simple, CardConnect’s SAP credit card processing configuration can also save you money through interchange optimization. CardConnect aggressively manages interchange rates to make sure you’re paying as little as possible, and many times, these savings cancel out the cost of your SAP software.
SAP payments implementation can seem daunting, but the benefits, especially when coupled with an integrated payments partner, can help your business grow. If this SAP intro left you wanting more, feel free to check out our offering here or fill out the form below to get in touch with someone directly.