Media companies face unique accounting challenges that demand specific capabilities from accounts receivable (A/R) software. WO Payments Suite helps media finance teams manage these challenges by automating order-to-cash processes to improve both efficiency and accuracy. The result is increased on-time payments, improved cash flow, and reduced operating costs.
Purpose-built for the media industry, WO Payments Suite is more than just a payment portal, extending automation throughout the entire accounting cycle to save both time and money by reducing manual effort and associated errors. WO Payments Suite’s robust cash application, lockbox, and treasury reconciliation tools will enable you to go from order-to-cash fast.
Improve efficiency, save time, and reduce DSO
Expedite collections by connecting buyers and sellers on a single portal
Improve both efficiency and accuracy by automating A/R management
Accelerate cash flow by accepting multiple payment types to reduce Days Sales Outstanding with A/R automation
Reduce costs and mitigate risk with PCI-DSS compliance and dunning functionality
Say Hello to increased on-time payments with a payment portal buyers embrace
According to a Forrester Consulting study*, 64% of media agencies look for payment vendors that understand the complexities of the media industry so they can avoid both the damage to reputation (72%) and the costs (40%) associated with delinquent payments. Purpose-built specifically to address these unique complexities, WO Payments Suite includes electronic check (ACH), and PCI-DSS-compliant credit card payment processing, with an intuitive buyer-facing portal already utilized by more than 80,000 media buyers across 65,000 agencies.
With WO Payments Suite, Bonneville International reached over 50% client adoption within the first six months of implementation. Another broadcaster found similar results, with over 80% of clients satisfied with the efficiency and ease-of-use of WideOrbit’s buyer-facing payment portal. By making it easy for clients to pay their invoices, WO Payments Suite has helped both companies, and their clients, avoid the cost and inconvenience of late payments.
*Forrester Consulting, It’s Time For Media Agencies To Digitize The Last Mile Of Payments, February 2019
WO Payments Suite extends the workflow efficiency of WO Traffic, WO Network, and WO Omni into the post-sale stage – from invoicing and payments, to cash application and reconciliation – to create a true, end-to-end solution.
Support for online payment processing means you can say goodbye to paper checks and payments by email, fax, or phone
Direct cash application
Direct API Lockbox technology provides fast, secure, accurate, and timely payment posting
Intuitive buyer payment portal
Easy self-serve payment options improve client adoption, minimizing collections efforts to improve efficiency and increase client (buyer) satisfaction/useability
Increased security and compliance
Keep your clients’ personally identifiable information (PII) data safe with full PCI-DSS compliance
Traffic system integration
Seamless data synchronization with WO Traffic, WO Network, and WO Omni improves accuracy by ensuring every payment is automatically associated with the correct client and invoice
Secure, 24/7 remote access from anywhere, on virtually any device, with automatic software updates – no hardware to buy or support
Supports centralized and decentralized business models, with customizable workflows to eliminate redundant effort and save your team time
Improve your customers' experience
WO Payments Suite provides a positive customer experience, with single sign-on, access to all related invoices, historical payment data, and the ability to set-up recurring payments
Critical data synchronization with WO Traffic, WO Network, or WO Omni, including invoices, orders, and agency/advertiser profiles, to ensure maximum accuracy and efficiency.Learn more about WO Traffic Learn more about WO Network Learn more about WO Omni