Your CRM is supposed to be a single, unified solution to all of your customer management needs. So, what is the one thing that every single customer who does business with you needs to do? Pay you, of course! With plugins such as RT SugarStripe and RT QuickBooks, everything you need to do to manage your payments within your CRM is now a simple click or two away. The benefits that both entail are immense, but which is the right choice for your business? Let’s find out.
Before we jump into how the two compare, let’s briefly outline what exactly RT SugarStripe and RT QuickBooks are.
RT SugarStripe is SugarCRM integration with Stripe, the popular platform for payments. Stripe is a software platform that builds internet commerce tools for businesses. From subscription services, on-demand marketplaces, and e-commerce stores, all the way to crowdfunding platforms, Stripe’s meticulously-designed APIs and state-of-the-art functionality allow users to create the most suitable services for their platforms. RT SugarStripe takes this up a notch by allowing you to manage everything that Stripe has to offer from your CRM, where you are already managing everything else in your process.
Similarly, RT QuickBooks is SugarCRM integration with QuickBooks, one of the most well-known accounting software. QuickBooks is cloud-based accounting software that provides smart business tools for users to manage all of their financial transactions. It allows businesses to track expenses, customize invoices, and run reports, all in one place. With RT QuickBooks, you can have all of this functionality available for you to manage your finances from right within your CRM.
Now that you know what both RT SugarStripe and RT QuickBooks are, let’s take a look at what features the two have to offer.
RT QuickBooks is cloud-based and which means that it allows you to access your account, manage your business, and stay organized anytime, anywhere, and from any device!
With RT QuickBooks, you can create custom, professional invoices, sales receipts, and estimates within your CRM. You can send these invoices to clients and receive payments in Sugar too.
RT QuickBooks provides easily customizable reports and dashboards so you can see how your business is performing with a simple click.
RT QuickBooks provides you with mechanisms to manage inventory from within Sugar. You can keep track of payments, dues, and how much stock you have, all in a single platform.
Limited Synchronization of Tax Classes and Tax Rates
With RT QuickBooks, users can categorize transactions using classes and add tax value to each in order to manage tax payments. So, you can have your tax deductions calculated and track payments that are due from within Sugar.
RT QuickBooks provides a feature that allows you to sync a record immediately to QuickBooks any time you want. This relieves you of the waiting process that the scheduler makes you go through. The immediate sync can be done at the record and module levels.
Bidirectional Customers Synchronization
RT QuickBooks allows users to sync existing and new customers in QuickBooks and Sugar at the same time with RT QuickBooks Sync. The plugin automatically syncs QuickBooks customers and Sugar Accounts bidirectionally and keeps the two forums updated so you don’t have to go back and forth updating data.
Priority Configuration for Conflict Resolution
RT QuickBooks also lets you set priority configuration in case of double data entry. You can designate either Sugar or QuickBooks as a primary source so that if your data has been updated at both ends, the information available on the source with the higher priority will override the information present at the other end.
Stripe caters to a wide range of payment options. You can receive payments through credit cards, digital wallets, and a variety of other local payment options. Moreover, Stripe allows you to display prices in several languages so that your customers can see and make payments in the relevant currency, and conversion costs can be avoided.
Stripe makes sure that your payments are PCI-DSS compliant so you can ensure full protection of your clients’ billing information. With secure tokenization of users’ payment info, data integrity remains a priority in Stripe.
Stripe provides multi-regional direct connections to most major card networks, including Visa, Mastercard, and American Express. These direct connections let Stripe optimize routing paths, provide the most granular data, and reduce transaction latency. Moreover, Stripe also automatically tests and runs extensive optimization for every transaction in order to maximize success rates and revenue for users who implement it.
Reporting Through Dashboards
Stripe provides a dashboard that you can use to manage all your Stripe data, customers, plans, and balances. The dashboard allows you to create payments, initiate refunds, review possibly fraudulent charges, and manage disputes, that too, all from your CRM thanks to RT SugarStripe.
Additionally, you can also leverage analytics integration with CRM for robust reporting and data-driven decisions to minimize the chance of errors.
RT SugarStripe leverages Stripe’s flexible API to provide a new module called Invoices and Payments and integrates it with the Opportunities, Accounts, Quotes modules in SugarCRM to ensure a cohesive and coherent experience for all users.
With the integration, you can configure and receive all payment-related notifications in Sugar. Moreover, you can make use of the real-time reporting feature to avoid the hassle of going through unorganized payment data and, therefore, have more control over your transactions.
Automated Recurring Billing
With RT SugarStripe, you can automatically generate one-time or subscription-based billing plans based on your chosen criteria to efficiently manage donors and subscriptions right from within your Sugar.
That covers the many useful features that RT QuickBooks and RT SugarStripe have to offer. Let’s take a look at how the two are priced.
What’s It Going to Be?
That concludes the discussion on the features both RT SugarStripe and RT QuickBooks has to offer and the benefits they entail. From what we’ve discussed of the two so far, it is apparent that, like most SugarCRM Plugins, they are both immensely useful tools that can significantly enhance the functionality of your CRM. Moreover, if you are using CRM for the manufacturing industry, these SugarCRM plugins will help drive efficiency in your business processes and take your business to the next level. So, which one would be a better option?
The major difference lies in the functionality of the two. While both of them perform the basic function of allowing users to manage their payments, the scope of the two varies. RT QuickBooks is a more holistic solution that allows users to manage close to all financial aspects of their business, including inventory and taxes. RT SugarStripe, on the other hand, focuses on the payments pertaining to the business. It allows users to build the best possible platform for secure payments that they can actively track. In the end, the decision, therefore, depends on what you want for your system. If you have other management tools in place and want a top solution for managing payments coming into your business, then RT SugarStripe is the way to go, but if you need a single solution to manage all of your finances, then RT QuickBooks is the plugin for you!
As if this weren’t enough, Rolustech has got you covered when it comes to boost your productivity and stay organized. Make the most of our free SugarCRM plugin, RT StikiNotes to easily create and share notes from inside your SugarCRM and stay on top of your day.
Rolustech is a SugarCRM and Salesforce Certified Developer & Partner Firm. We have helped more than 900 firms with various SugarCRM and Salesforce Integrations and Migrations. Get in touch today for your FREE Business Analysis. We will be happy to assist you!