SmartVista’s SmartBilling solution automates and optimizes credit card billing procedures and accounting for retail payments. The application captures card billing data and interfaces to clearing systems then acts as an agent to debit or credit the customer account.
As a credit card billing software designed to help both card issuers and acquirers, SmartBilling provides a flexible and stable credit card billing service for easy account management and product support. SmartBilling automates assigning and calculating multi-level fees, rates, and discounts at the account or retailer level by effective date and generates bills using flexible invoice templates. “Fee split” and “Profit share” schemes for multiple parties are provided.
SmartBilling provides a host of valuable credit card billing system features designed to quickly and efficiently capture and prepare card billing information. Thanks to its parameterization and hierarchical structure, SmartBilling helps you establish a more flexible billing system to collaborate with customers. Also, aggregation and reporting are available on every level of hierarchy.
SmartBilling integrates to ERP systems, such as SAP as well as a wide variety of accounting systems. Additional features include automatic statements and merchant reserves.
SmartBilling automatically captures data from multiple data sources such as transaction processing systems and merchant management systems.
Captured data is used to generate different fees. SmartBilling supports a variety of fee types including transactional and eventdriven
fees and commissions. SmartBilling is fully configurable for any merchant billing and invoicing hierarchy— by different departments, outlets, and chains.
SmartBilling supports multicurrency fee calculation, which helps when billing currency differs from customer account currencies.
The SmartBilling solution includes a comprehensive accounting tool that is purpose-built to manage the complexity and sophistication of the payments business.
SmartBilling easily integrates with the following systems: Authorization switches, Core banking systems, Invoice distribution systems, and Data warehouse systems.
SmartBilling defines billing rules according to users’ needs. For example, SmartBilling simplifies fee set-up by allowing billing rules to be created and applied across a merchant segment, eliminating the need to set up individual fee calculation parameters for each merchant.