Elavon is collaborating with Microsoft to introduce Elavon Live Payments, a payments app for Microsoft 365 offered through the Microsoft Marketplace. Driven by the omni-channel capabilities of the Elavon Payments Gateway (EPG), Elavon Live Payments enables businesses and professional service providers to securely send invoices and collect customer payments with just a few clicks on a computer or mobile device. That means reducing the friction associated with old-school business payment processes and fewer days waiting for money owed.
It is the first major embedded payments expansion on the EPG platform. According to the 2024 Professional Services Maturity Benchmark Report for Days Sales Outstanding (DSO), professional service providers often wait five to 15 days longer than other industries to convert credit sales into cash. Inefficiencies in the collection process may lead to potential cash flow problems, and firms with a higher DSO may face operational challenges as they wait longer to convert their work into revenue, impacting their ability to cover costs or reinvest in the business.
Utilizing Microsoft Azure as a core component, Elavon Live Payments is a versatile payment processing solution that leverages EPG's omni-commerce platform. Launched in 2024, EPG is a global gateway that provides a holistic set of embedded payments capabilities.
