The partnership combines AutoPower's comprehensive ERP platform with APG's secure payment processing technologies, enabling distributors, parts suppliers, service centers and warehouse operations to streamline financial transactions while improving operational performance across every area of the business.
AutoPower says the integrated solution enables businesses to process payments directly within the AutoPower ERP environment, eliminating duplicate data entry, reducing accounting reconciliation time and providing complete visibility into customer transactions.
"Our goal has always been to provide heavy-duty aftermarket businesses with the tools they need to operate more efficiently and more profitably," says AutoPower Vice President Wendy Mallory. "By partnering with American Payments Group, we're extending that value by integrating modern payment technology directly into our ERP platform, creating a seamless experience from quote to cash."
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The companies state the joint solution addresses many of the operational challenges facing today's commercial vehicle aftermarket businesses, including cash flow optimization, higher labor costs and managing the wide range of customer payment preferences.
Beyond operational efficiencies, the companies state this partnership also helps members better manage transaction costs through enhanced pricing visibility and payment processing controls. Businesses can make more informed decisions regarding payment acceptance while preserving margins and improving profitability.
"Too many businesses still operate on outdated, expensive systems where payments, invoicing, and operations are disconnected and companies ultimately overpay — both for software and payment processing.” says APG Founder and President Peter Brickman. “Our mission is to help businesses optimize payment acceptance while reducing complexity and costs. Integrating our payment technologies with AutoPower's ERP platform gives organizations a solution that saves time, improves accuracy, and enhances the customer experience."
The integrated platform enables payment processing throughout the customer lifecycle — from point-of-sale transactions and counter sales to invoices, service work and accounts receivable — while maintaining a single source of financial information.
Additionally, because payment information flows automatically into the ERP system, the companies state businesses gain immediate access to real-time financial reporting, simplified month-end reconciliation, and improved audit capabilities.
Edward Neeley, president of Truck Supply Companies, shares his excitement about the new partnership.
“I know the importance of having partners who understand our business. As a long-time AutoPower user, I appreciate their deep knowledge of how heavy-duty distributors operate,“ he says. “I’ve also known the team at American Payments Group for many years. With their grasp of the payments side of the industry, this is exactly the type of partnership our industry needs.”
An executive brief jointly produced by AutoPower and American Payments Group provides a detailed overview of the integrated solution and can be accessed at autopower.com/apc-apgpartnership.
