By René Lacerte, CEO,

Like a speeding train, a technological revolution is transforming how businesses do business. New innovations in financial technology are fundamentally changing the way a company tackles accounting, payroll, and bill payments – the core back office of any business.

What was once complex and inconvenient is now fast, simple, and essential. New technologies are offering businesses of all sizes the chance to uncover new efficiencies and eliminate many of the costs associated with older analog processes. Business owners that are hesitant to leverage digital are missing an opportunity to automate backend processes and get back to business.

For example, consider a task as simple as writing a check for goods or services purchased. What once took days to process – and involved multiple levels of exchange – can now be easily facilitated with the tap of a button on your phone from anywhere in the world. In fact, the old way of writing paper checks is a $1 trillion drag on the economy. This is especially painful for accounting firms, which are increasingly stating they will not work with businesses unless they adopt digital technologies.

However, the landscape of available technologies can be daunting, as there are many companies offering tools to help you innovate your business. Here are just a few that I have found to be most promising in redefining digital business payments.

screen shot 2015 07 27 at 12 01 40 pm The Benefits Of Jumping On The Payments Innovation Train
rene lacerte v2 The Benefits Of Jumping On The Payments Innovation Train

René Lacerte
(Photo courtesy of





The task of accounting requires a keen eye and acute sense of detail; the exact qualities that define popular technology needs. Companies like Xero and Intuit’s Quickbooks provide the tools needed to make accounting a breeze.

Whether you are currently using spreadsheets and shoeboxes or desktop accounting software, it’s time to bring your accounting online. Well over one million businesses have switched to online solutions. These intuitive software programs enable you to run your business on the go, be it from mid-flight or at a waiting office.

Online solutions have a huge advantage over desktop solutions since collaboration is core to the web. Sharing your accounting data with your accountant or your employees is easy in an online world. Ultimately, using an accounting program you trust can mean the difference between a profitable business and a sinking ship.





Payroll can also be a major time suck for busy business owners. Cloud-based payroll solutions like Intuit’s Online Payroll or Gusto (formerly ZenPayroll) can help alleviate much of the paperwork and stress associated with payroll. These new cloud-based solutions allow business owners to manage and pay employees via intuitive online interfaces. Because it’s built in the cloud, there is no need to backup or save your work and everything you do can be accessed from any computer.

By incorporating these payroll platforms, businesses owners can save valuable time; time that owners can use to do more of what they love.





Finally, innovation is tackling the most tedious of business operations – payments. These can be bills to customers or bills from vendor and suppliers; whomever a business transacts with. Traditionally, this required lots of paper exchanging hands, culminating in the passing of paper checks between buyer and seller. Now, with cloud-based payment solutions like, business payments can be done instantly from any computer or mobile device.

If a business accepts consumer card purchases, they can streamline those payments even further using merchant services like PayPal and Square. Together, these technologies are reducing the friction other payment solutions can cause during purchase.

In the end, new technologies are giving business owners a new level of control over their business and financial standings. Now you can hold the reins to cut costs, do away with inefficiencies, and embrace new streamlined methods for accounting and payments.

Time to jump on board before the train passes you by.screen shot 2015 07 27 at 12 01 40 pm The Benefits Of Jumping On The Payments Innovation Train
screen shot 2015 07 27 at 12 01 40 pm The Benefits Of Jumping On The Payments Innovation Train

This article is written and provided by René Lacerte. René is the CEO of, a digital payments startup doing for businesses what Apple Pay does for consumers: delivering digital payments in a fast, easy and secure way.

The views, opinions and positions expressed within this guest post are those of the author alone and do not represent those of CBS Small Business Pulse or the CBS Corporation. The accuracy, completeness and validity of any statements made within this article are verified solely by the author.
screen shot 2015 07 27 at 12 01 40 pm The Benefits Of Jumping On The Payments Innovation Train



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