The cloud is ubiquitous these days, with businesses and organizations utilizing cloud-based tools and services for a variety of purposes. From data storage to software-as-a-service (SaaS), the cloud has revolutionized how we work and live. As the cloud has grown in popularity, so too has the field of cloud-based payments.
Cloud-based payment solutions and finance and accounting outsourcing services are becoming the preferred choice for businesses of all sizes. They offer many benefits, including easier and faster payments, improved security, enhanced scalability, and reduced costs. In addition, cloud-based solutions allow companies to process payments without installing any software or hardware and can be accessed from anywhere in the world.
Technologies that have emerged over the last few years—such as mobile payments, mobile commerce, and online payments—have changed the face of the financial landscape. This article will explore the top 10 cloud payment, finance, and billing providers available on the market in 2023. We have based our ranking on various criteria, including the provider’s size and reach, its platform’s features and functionality, and customer satisfaction.
Top 10 Cloud Payment, Finance, and Billing Solutions
1. QuickBooksOnline
QuickBooks Online is the cloud-based version of the on-premise QuickBooks accounting software. It is aimed at small businesses, allowing users to manage their finances in real-time using a user-friendly platform. The advantages of using the online version of the software include lower costs, accessibility from anywhere in the world, increased collaboration, and more extensive integrations, like Quickbooks BigQuery integration. You will also benefit from access to an award-winning support team. In addition, a QuickBooks mobile app allows you to keep on top of your books while on the move. Security needn’t be a worry as all data transferred via QuickBooks Online is protected with 128-bit SSL encryption and automatically backed up.
2. PaySimple
Established in 2006, PaySimple is a cloud-based online payment solution that helps to streamline and simplify billing and payment acceptance. With PaySimple, businesses can accept payments, track customers’ information, set up recurring payments, and invoice customers. PaySimple is ideal for small to medium enterprises that regularly establish subscriptions or repeat payments. You can even take advantage of a free trial to test the software before committing.
3. FreshBooks
Another cloud-based, all-in-one accounting software for small business, FreshBooks, was designed with owners of small businesses and freelancers in mind. FreshBooks can integrate with over 100 apps, create unlimited, customizable invoices and provide auto payment and recurring invoicing options. The software can be accessed using a desktop computer, a tablet, or a mobile phone. Notably, the mobile app offers users limited functionality. You can try FreshBooks and all its features with a 30-day free trial which you can cancel anytime.
4. GoCardless
GoCardless is a leading online payment processing service offering secure transactions with FCA authorization, GDPR compliance, and protection via the Direct Debit Guarantee. They currently handle transactions for over 75,000 businesses worldwide and process over $30 billion annually. GoCardless is very easy to integrate with other popular accounting, invoicing, and billing solutions. When signing up with GoCardless, several different price plans are available, allowing you to choose the one that is right for your business.
5. Scoro
Scoro provides an end-to-end work management platform that is ideal for service-based businesses. This platform allows you to streamline and automate your business’s financial processes. The system is made to be customizable to your needs and offers a real-time dashboard on which you can design a setup that matches how you work. Companies can generate quotes and requests for payment without having to hire professionals or learn complicated processes, and users can even set up automatic payments and reminders.
6. Xero
If you are a new or small business looking for financial software that can grow and evolve with you, then Xero is a perfect choice. It is one of the most cost-effective solutions, offering customers 50% off the standard monthly price for the first six months. There is a selection of plans to suit your business, which are cost-effective compared to their competitors. In addition, Xero offers extensive features, including payment processing, payment functionality, online file storage, financial reporting and analytics, and employee time tracking.
7. Sage
Sage offers a range of cloud-based financial solutions, including integrated payroll, accounting, and payment systems, designed for SMEs worldwide. Their integrated payment solution allows you to improve payment processing and banking integration by letting customers pay on your website, accept digital payments, pay staff, and set up automated banking feeds. You can choose from different plans and cancel or upgrade at any time.
8. Zoho Books
Established in 2011, Zoho Books is a cloud-based accounting system that takes care of your business management needs. This software takes the burden and stress away from you by automating tasks such as calculating VAT receipts. With a user-friendly and intuitive dashboard, Zoho Books boasts a vast number of delighted clients. In addition, Zoho Books offers features that place it ahead of its competitors, including a client-specific portal, transaction approval, and autoscan to extract essential information from uploaded documents.
You can try out the full range of features offered by Zoho Books with a 14-day free trial. After this, you can choose one of their affordably priced plans.
9. PayPal
Not to be left off a list of top payment solutions, PayPal is a world leader in this field. It successfully provides businesses worldwide with a suite of practical solutions for online billing. PayPal has also successfully teamed up with many clients to offer customized billing solutions. PayPal’s Invoicing tool allows users to send detailed electronic invoices, enabling customers to pay via credit card or PayPal. From its sleek dashboard, PayPal customers can manage bill payment history, provide reminders about invoices and keep track of unpaid invoices. In addition, companies can register for PayPal without being charged directly and then simply pay transaction fees to PayPal based on the final cost of their transactions.
10. Stripe
Stripe is a complete payment gateway and processing platform trusted globally by millions of companies of all sizes. It allows businesses to send payouts, accept online payments, and manage their business processes online. Stripe provides cardholder support in over 195 countries around the world. It will help your business to maximize and drive revenue using powerful machine learning to increase authorization rates and reduce decline rates. Stripe is an excellent payment gateway and billing solution for businesses that offer a subscription-based service, as its subscription-based billing features are top-level.
How Can Atlantic.Net Help?
With plenty of cloud-based payment, billing, and finance solutions available, we are confident that you will find one to meet the unique needs of your business. However, it is essential to remember that whichever solution you choose, make sure it is PCI compliant.
Your next decision may involve finding a leading hosting provider to host your payment and billing solution. Atlantic.Net can create the perfect hosting solution for your business or organization. For over 30 years, our talented team of professionals has delivered a full suite of managed IT services and always-available professional technical support. With SOC 2 and SOC 3, HIPAA, and HITECH certifications, 24x7x365 support, monitoring, and world-class data center infrastructure, you can trust us to protect the security and compliance of your business.
You can find out more information by contacting our sales team today!
