How KraussMaffei Cut Card Processing Costs by 15% and Achieved PCI-DSS Compliance

Credit Card Payments – Navigating the Minefield: How KraussMaffei Cut Card Processing Costs by 15% and Achieved PCI-DSS Compliance

About the Video:

KraussMaffei, the global leader in injection molding and reaction process machinery, relied heavily on card payments for its spares and service line of business. The benefit of pre-authorizing payments for sales orders was offset by the time and resources lost in redundant manual data entry for processing card payments. The company used disparate 3rd party software and a paper-trail for capturing card information, processing authorization and settlement.

This webinar explores how credit and A/R leaders at KraussMaffei extended SAP functionality to support credit cards during sales order creation and during collections on past-due accounts while at the same time achieving lowest possible transaction rates and eliminating the cost of PCI compliance.

Speakers:

Michele Roenker, Credit Manager & Project Manager for SAP Process Improvement, KraussMaffei

Jay Tchakarov, VP, Product Management & Marketing, HighRadius