SYDNEY, Sept. 28, 2016 /PRNewswire/ -- NetSuite Inc.
(NYSE: N), the industry's leading provider of cloud financials /
ERP and omnichannel commerce software suites, today announced that
Paycorp, a leading Australian provider of enterprise payment
processing solutions, has joined the NetSuite SuitePayments program
to offer businesses greater payment options when using the NetSuite
SuiteCommerce platform and SuiteCommerce InStore. Leveraging
NetSuite's SuiteCloud Development Platform, Paycorp built the
Paycorp integration for SuitePayments SuiteApp which has achieved
"Built for NetSuite"* status. The new SuiteApp allows retail and
wholesale distribution customers to deliver seamless omnichannel
payment processing – within a single payment solution, improving
operational efficiency, and minimising the reconciliation of
payment data while offering consumers a rich, interactive and
intuitive shopping experience.
Paycorp is a leading Australian provider of enterprise payment
processing solutions, headquartered in Sydney, Australia and Colombo, Sri Lanka. Paycorp has significant
international expertise and can act as a local online Payment
Solutions Provider (PSP), offering cutting-edge payment solutions
to help organisations become PCI compliant, consolidate payment
collection methods and improve efficiencies in managing
receivables.
Leveraging the powerful and flexible SuiteCloud development
platform, SuitePayments allows payment partners to build extensible
payment solutions that can be consumed by all current and future
modules in NetSuite's omnichannel commerce product portfolio. For
the first time, merchants can enable credit card payments, manage
complex alternative payments, offer fraud solutions and conduct EMV
card-present solutions globally over a single interface delivered
entirely in the cloud, to drive down costs, consolidate providers
and create an unbeatable customer experience.
As part of the agreement, Paycorp will also support payments for
SuiteCommerce InStore customers in Australia and New
Zealand for the first time. SuiteCommerce InStore is the
first system that integrates comprehensive omnichannel capabilities
into an enterprise-class, mobile-first, point-of-sale (POS)
solution, seamlessly unifying the online and in-store customer
journey. The cloud-based integrated Card Present (CP) terminal
solution, provided by Paycorp, makes it possible for retailers to
process in-store transactions through a centrally-managed, fully
integrated NetSuite service, eliminating the need to enter
transaction amounts, conduct manual POS reconciliations, or deploy
and manage in-store POS software and integrations on site. The
solution also enables sales associates with complete inventory and
customer information to engage shoppers more effectively, drive
sales and provide a satisfying customer experience. Paycorp is
NetSuite's certified payments provider in Australia and New
Zealand to supply Card Present for SuiteCommerce InStore and
Card not Present for SuiteCommerce Online.
David Bray, Sales Director,
Retail ANZ, NetSuite said: "Today's consumers demand a seamless,
unified shopping experience. They expect the ability to shop, pay
and receive merchandise no matter where they are or when they are
shopping. To respond to this, retailers need to move beyond the
disconnected, standalone systems of the past and achieve a holistic
view of the customer, orders and the business – and the only way to
do this is through cloud technology. The partnership with Paycorp
is a strategic move in enabling a seamless and integrated
experience for both the retailer and their customers. We selected
Paycorp for its proven industry experience and trusted expertise in
payment processing."
John Caliguri, Managing Director
at Paycorp said: "Our partnership with NetSuite aims to enhance the
customer experience and engagement both online and in store, across
the merchant's entire retail network. We're delighted to deliver
this critical element to NetSuite's cloud service, bringing this
uniquely integrated payment service to this market that enables
retailers to have just one point of integration to manage, no
matter the channel - be it online, over the phone, in store or via
a mobile app - all the while reducing manual data entry and
providing a single source of truth."
Additional benefits of the partnership for Australia and New
Zealand retailers and wholesale distribution businesses
include:
- No software integration needed – just plug and play:
Existing NetSuite customers using the SuitePayments plug in avoid
time-consuming and costly systems integration as the software is
delivered and managed via NetSuite with Paycorp managing the
merchant relationship and terminal delivery.
- Less manual labour and improved data: Data
reconciliation is captured as it is transacted on the terminal and
replicated back to the NetSuite database in real-time, reducing
time spent on manual data entry. The database also keeps a central
real-time record of inventory, SKU, ledger controls and
accounting.
- A single source of truth: As everything is
centrally managed in NetSuite, retail customers can rely on a
single source of truth for inventory and order management.
- Merchant agnostic: Paycorp has direct relationships with
all major banks, meaning B2B and B2C merchants can use NetSuite
with their preferred financial institution.
* Built for NetSuite is a program for NetSuite
SuiteCloud Developer Network (SDN) partners that provides them with
information, resources and a method to verify that their
applications and integrations, built using the NetSuite SuiteCloud
Computing Platform, meet new NetSuite standards and best practices.
The Built for NetSuite program is designed to give NetSuite
customers additional confidence that SuiteApps have been built to
meet these standards.
About NetSuite
In 1998, NetSuite pioneered the Cloud
Computing revolution, establishing the world's first company
dedicated to delivering business applications over the Internet.
Today, NetSuite provides a suite of cloud-based financials /
Enterprise Resource Planning (ERP) and omnichannel commerce
software that runs the business of more than 30,000 companies,
organisations, and subsidiaries in more than 100 countries.
About Paycorp
Founded in Sydney, Australia in
1998 as a pure play Software Development company, Paycorp provides
cutting-edge payment solutions to help organisations become PCI
compliant, consolidate payment collection methods and improve
efficiencies in managing receivables. Our global technology
reach coupled with extensive industry expertise enables and
encourages us to provide payment solutions and services to
Financial Institutions and Enterprise clients in a number of
countries. Paycorp has customers ranging from all sizes, from
start-ups to major online, consumer and business brands.
For more information about NetSuite, please visit
www.netsuite.com.au.
Follow NetSuite's Cloud blog, NetSuite's Facebook page and
@NetSuiteAPAC Twitter handle for real-time updates.
NOTE: NetSuite and the NetSuite logo are service marks of
NetSuite Inc. Third-party trademarks mentioned are the property of
their respective owners.
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SOURCE NetSuite Inc.