When selecting an AR Payment solution for Dynamics 365 Business Central, you have several options to consider. This blog provides a comparison of the leading solutions, highlighting their features and integrations, and offers guidance on which products are best suited for different types of businesses. By the end, you’ll have a clear understanding of the best options for your company’s unique needs.
iSolutions
iSolutions is the number one rated payment solution on Microsoft’s AppSource, providing a robust payment processing solution for receivables along with Quotes and the service module of BC. Payments can be processed directly in BC or customers can pay using a link that provides a real-time connection to BC.
With Credit Card and ACH Processing, iSolutions allows you to authorize, capture, and reverse transactions directly with BC Sales Orders, Invoices and Service Documents. There is also functionality for Click to Pay and Credit Card Reconciliation.
The Collections Management feature provides automated reminders and automated emails.
E-Commerce features allow you to summarize AR aging by customer, integrate payments to your shopping card, and manage all cash receipts and voids/refunds directly within Business Central.
iSolutions also provides a customer portal for your customers to view and pay invoices and access historical details about their account.
The iSolutions product is best for B2B companies who:
- Have an e-commerce site and need payment to flow directly to Dynamics 365 Business Central
- Want to provide a unique customer portal
- Need click to pay
- Want to automatically send out payment reminders
Integrations:
- Dynamics 365 Business Central
- Dynamics NAV
- Dynamics GP
- Dynamics 365 Customer Engagement (CRM)
- Salesforce
- Magento
- WooCommerce
- BigCommerce
- DynamicWeb
- commercebuild
Notable Clients:
Why customers choose iSolutions
Businesses continue to choose iSolutions because of their hands-on approach to understanding key business challenges, needs, and requirements and ensuring their product is best suited to reach all goals of the customer. Support is personal and customers frequently note how appreciative they are to have access to responsive support resources who already understand their business and system.
iSolutions has 22 5-star ratings on Microsoft AppSource with review titles such as:
- Great product for credit card processing and more
- Excellent product and even better customer service and support
- Great app with outstanding customer service
- Outstanding Product and Service
- Great Product, Great Support Team
- Fantastically Easy to Use, Any Staff Can Pick it Up Fast
- Great app built by a great team
PayTrace
PayTrace allows you to accept business payments anywhere – enabling small business and government customers to pay the way they want. Their product is embedded into Business Central and offers virtual terminal, digital invoicing, e-commerce integrations, click to pay, POS, and processes both ACH and credit card payments.
The PayTrace solution is best for B2B, B2G and can support B2C.
PayTrace focuses on Manufacturing, Distribution, Wholesale, B2G, Professional Services, Field Services, Auction, and Parking.
Integrations:
- Dynamics 365 Business Central
- Acumatica
- Sage
- SAP
- Quickbooks
- Epicor
- NetSuite
- Magento
- Salesforce
- WooCommerce
Overall Comparison:
PayTrace has integration points to a variety of ERP and CRM solutions well beyond Dynamics. PayTrace has three separate tiers they offer, Basic, Pro, and Trace AR. API, ACH Processing, Recurring Payment, and Surcharging all requires the Pro level subscription. And Trace AR is an additional module required to send click to pay links and automate recurring invoices and payment reminders among other features. They do not offer a POS solution or a customer portal.
At this time, they do not have an app listed on Microsoft AppSource.
Nodus/PayFabric
PayFabric runs within Business Central and connects to all receivable entries. Their product features many of the same features and functionality as iSolutions including a customer portal, credit card and ACH processing, payment entry, invoice reminders, click to pay, and POS.
The Nodus Solution is best for B2B, B2C, and B2G companies.
Integrations:
- Dynamics 365 Business Central
- Dynamics 365 Finance
- Dynamics 365 Customer Engagement (CRM)
- Accumatica
- Sage
- SAP
- Oracle
Notable Clients:
- Catalina Technologies
- Mekorma
- IcoStore
Nodus was acquired by EVO Payments, a public company listed on the stock exchange, in 2018, who was acquired by Global Payments in 2022.
Overall Comparison:
While the features and functionality are very similar, iSolutions provides their clients with a closer working relationship and premium service during implementation and beyond. You’ll have a personal approach with team members who get to know the key drivers of your business and help you overcome challenges you have.
While the Nodus solution can be embedded to multiple ERP and CRM solutions, iSolutions was built specifically to be embedded into Dynamics 365 Business Central.
Red Maple Payment Solutions
Red Maple allows users to choose their own processor, accept multiple payment types, transact in multicurrency, surcharge credit card transactions and support simple to complex business processes.
The Red Maple solution has several package options including advanced commissions, advanced trade and pricing, counter sales, Clever Division Customer Portal, and advanced credit cards.
Red Maple is best for small to mid sized businesses, manufacturers, distributors, part counters, retailers, and merchants.
Integrations:
- Dynamics 365 Business Central
- Dynamics 365 Finance
- Dynamics 365 Customer Engagement (CRM)
Notable Clients:
- Hanna Andersson Clothing Company
In 2023 Red Maple partnered with Fortis to expand offerings to Dynamics 365 Finance and AX clients. Fortis works with B2B, retail, e-commerce, healthcare, hospitality, non-profit and specialty retail.
Overall Comparison:
While iSolutions includes all of the key features and functionality you need in one package, Red Maple has three different options to choose from that provide different capabilities. This can be advantageous for those companies who only have certain needs like credit card processing, counter sales, or a customer portal.
Their solution for Business Central is relatively new to the market and they currently have no reviews on AppSource.
VersaPay
Versapay’s Accounts Receivable Efficiency Suite simplifies the invoice-to-cash process by automating invoicing, facilitating B2B payments, and streamlining cash applications. Integrating with different ERP solutions, Versapay also offers a self-serve payment portal.
Integrations:
- Dynamics 365 Business Central
- Sage
- NetSuite
- MN Real Estate Software
- Oracle
- SAP
- IBM
- Epicor
- Mincron
- Yardi
- Magento
- Salesforce
- WooCommerce
Notable Clients:
- Panama Jack
- North Atlantic International Logistics
- TrimaxSecure
Overall Comparison:
Versapay was acquired by private equity firm, Great Hill Partners, in 2019 and supports over 10,000 customers. They have 56 reviews on G2 with an overall rating of 4.2 out of 5. Reviews list the following pros: ease of use, easy payments, payment management, invoicing, and payment processing. Reviews list the following cons: poor reporting, inadequate reporting, invoicing issues, payment issues, and accuracy issues.
Versapay provided ChargeLogic Connect, a key solution for Dynamics NAV users, until 2024 when they sunsetted the solution. iSolutions released a replacement solution for these users which is now available.
Many businesses choose iSolutions over Versapay simply for a more hands-on implementation and ongoing personalized support.
Interested in getting started with iSolutions? Reach out for a custom quote today and start to automate your AR processes and make paying faster for your customers.