Payments Made Convenient with Elavon Live Payments and Microsoft 365

Core Insights - Elavon, a subsidiary of U.S. Bank, is launching Elavon Live Payments, a new payments app integrated with Microsoft 365, available through the Microsoft Marketplace [1][5] Group 1: Product Features and Benefits - Elavon Live Payments allows businesses to send invoices and collect payments securely with minimal effort, reducing the time spent on traditional payment processes [2][3] - The app integrates seamlessly with Microsoft 365 applications like Outlook and Teams, enabling real-time payment workflows and reducing Days Sales Outstanding (DSO) for professional service providers [3][5] - Key features include PCI-compliant payment processing, customizable invoice templates, and real-time payment notifications, making it suitable for various service-based businesses [8][6] Group 2: Market Context and Implications - The collaboration addresses inefficiencies in payment collection, which can lead to cash flow issues for businesses, particularly those with higher DSO [4] - According to the 2024 Professional Services Maturity Benchmark Report, professional service providers typically wait five to 15 days longer than other industries to convert credit sales into cash, highlighting the need for improved payment solutions [3] - Elavon serves over 1.3 million customers across the U.S., Europe, and Canada, positioning itself as a leading provider in various sectors, including airlines, healthcare, and retail [9]