Payment Management Systems For any Business

Management Systems are used by all business types and sizes to help streamline their individual set of business procedures and tasks. By aligning your system with your organization’s overall goals, you can attain more efficient processes, more engaged employees, and increased customer satisfaction.

There are many reasons why a management system is important for your business. A management system:

1. Management Systems Provide Efficiency
2. Management Systems Enhance Compliance
3. Management Systems Limit Risk
4. Management Systems Improves Customer Satisfaction
5. Management Systems Elevate Your Reputation
6. Management Systems Support Decision Making

What is subscription billing? Subscription billing is a type of recurring payment option in which customers are charged a certain amount at regular intervals for a product or service. Most of the time, this form of recurring billing is used for subscription-based products or services. Customers are often billed at the beginning of each billing cycle, and the charge happens at regular intervals until they cancel their subscription.

Put your payments on autopilot with our recurring billing solutions! This way you can save time chasing down payments and focus on growing your business. With subscription billing from Gulf Management Systems, you can accept recurring bi-weekly, monthly, or yearly subscription payments from your customers.

What’s PCI compliance?  The Payment Card Industry (PCI) Compliance includes 12 security standards created by the PCI Security Standards Council to help small businesses with protecting customer credit card data. These 12 PCI security standards are enforced by the major card networks including Visa, Mastercard, Discover, and American Express.

PCI Compliance for Small Businesses

There are many reasons why you should be PCI Compliant. First and foremost, you want to avoid data breaches. 90% of data breaches happen to small businesses. Data breaches are a significant issue that cause irreparable harm to a business’s reputation and customer relations. When a small business is significantly affected, it leads to a large financial burden. Therefore, one high-profile data breach will destroy your business and reputation.

Secondly, it’s important to prioritize your customers. PCI Compliance builds the right security to protect your customer data. Your customers expect you to have their best interest in mind when it comes to their financial security. Lastly, you will be penalized with a non-PCI compliance fee by your merchant processor if you’re not complaint. 

Is my business at risk?

Your risk factor is increased by the complexity of your payment management systems.  With Gulf Management Systems, we will provide you with all the resources that you need to ensure that your small business is PCI compliant. 

Your Road to Success is waiting! With GMS, we teach our clients the fundamentals on how to run a successful business. As business leaders, we understand the daily grind, the grit, and the determination that is needed to run your business and the hard financial decisions that must be made to keep your business afloat. This is why we have spent a great deal of time building a road map that will help you to stay on course, simplify your business management, and avoid any future roadblocks for your business. This pathway called the GMS way will show you how to use the tools that are best fit for your business so that you can avoid traveling the wrong way and paying unnecessary payment processing fees, gateway tolls, and high software costs.