Mobile Wallet & White Label Payment Gateway Solutions. Compare costs It only takes a minute. Cost . On average, the infrastructure will cost you from $3K to 15K per month, depending on the size and workload of the platform. Testing and QA. CHARGEBACK. A white-label payment gateway is an appealing option for PSPs, mainly due to many integrated banks and payment providers, including Credit and Debit Cards and Alternative Payment Methods (APMs), Cryptocurrencies, etc. We're hiring! India's best Payment gateway enables businesses to collect payments online. 7 trillion in 2023. We develop algorithms for the operation of your crypto token for you. While its monthly fees are relatively high at £18, users incur no charge for payments up to £350, and payments above this threshold are charged at 9. About Us. White label payment gateways incorporate robust security measures, including encryption and tokenization, to ensure the safety of sensitive payment information. Encryption. White Label Payment Gateway Service Quickewallet is Top White label Payment Gateway Solution Provider Company in UK, USA, Europe. Plus, you will have to pay for servers and gateway product maintenance. This model allows companies to offer seamless, secure, customised payment solutions without developing the technology from the beginning, which can be costly, time-consuming and fraught with. ROI modeling uncovers the impacts of integrating payments beyond revenue and aligns with the “why” of payment integration. 0%, compared to the 2. A white-label payment gateway is a fully developed payment gateway solution that businesses can customise to their requirements and rebrand as their own. A white-label payment gateway is a fully developed payment gateway solution that businesses can rebrand and customize as their own. If that’s so, opting for a white-label solution can be the way. Users can build comprehensive, intelligent, and branded digital payment solutions. Every business owner is interested in how to make or save more money. Get started instantly with the quick integration process and grow your business effortlessly. SOFTSWISS Gaming Platform. It has all the features of a traditional payment gateway—e. The system can be deployed very rapidly and cost effectively in any number of configurations. With a white-label payment gateway, you don’t need a development team, infrastructure. A single integration with us gets you online with a scalable technical infrastructure that we enhance and maintain for you. Read on to know more about a regular payment gateway, how a white label payment gateway is different and what main advantages it can offer you. Fraud protection, high-end invoicing systems, data analysis, management tools, and white-label payment gateways are offered by the Amsterdam-based firm. More and Better Together. First of all, your costs are minimal since you do not need to spend time and money on the long development and testing of your own payment system. PayFacs . Turnkey White Label solution. White-label processor. However, along with the notable features, the white label payment gateway of PayBito comes with a host of good benefits as well, like: 1. The. It can then be integrated into the business’s website using APIs. 9% plus 30 cents for card-not-present transactions. White Label Payment Gateway and Why Businesses Implement It; Paradigms. Customer. Apart from being cost-efficient, white label payment gateways help businesses to decrease the time to market and start offering services to their merchants right away after a single integration with the white label solution provider. It streamlines processes, eliminating the need for manual tasks like expense reporting and payroll management. Solution for online businesses . White-label payment gateways let businesses customize. Thanks to the new functionality, the cost of Internet acquiring for the tenants of the white label payment gateway has decreased on average by 0. Cost-Efficiency: Building a payment gateway from scratch can be prohibitively expensive and time-consuming. Get a comprehensive SaaS solution and become a PSP provider within two weeks. org Advertiser disclosure 8 Best Payment Gateways of November 2023 Accept cards on your website with a payment gateway that meets your needs. 5% to 1. Let’s take a look at some of them. White label payment gateway positively affects customer loyalty and confidence in the quality of your services. ISOs also consider the pricing and cost-effectiveness of the white-label payment gateway provider. However, if you’re low on budget and want to save time, consider simple and cheaper alternatives like partnering with a payment service provider or using a. Instead of the traditional manual process, use the more cost effective and faster alternative to automatically and securely complete payment terminal key. 000 and $250. Listed by. A white label solution can help you save money by avoiding expensive fees that would be incurred if you built your own custom payment system. • BIN Sponsorship and White Label Card Issuing. To develop a payment gateway will cost you thousands of dollars, but it’s difficult to estimate a specific sum, for this project also implies lifelong costs for product maintenance and salaries for the. With Stripe, you can quickly expand anywhere we operate without establishing separate local subsidiaries. On average, the cost of a white-label online casino from a reputable casino platform provider can range from $10,000 to $40,000. Customers need to scan the code using their crypto wallet on mobile devices. IC++ pricing provides better visibility and control of acquiring and processing expenses for merchants and payment service providers. White Label Payment Gateway. Maintenance cost. Get a full-featured white-label payment gateway to provide acquiring services for small-medium retail and e-commerce businesses of any size. Generally, the cost of a. Payment Gateway/Aggregator Platform. You might also license an open-source omni-channel gateway product and get an opportunity to further customize it. Paycaps is one of the most preferred payment gateway solutions for apps and websites in Dubai, Abu Dhabi, and the rest of the UAE. To put it shortly, processing cost consists of base costs (which include interchange fees and assessments) and markups. No need to handle the issues, related to payment security, integrations, certifications, and maintenance. Smart routing. PSP (payment service provider) is a company you, as a merchant, choose to process your incoming and/or outgoing online transactions. Moreover, we feel that payment facilitation, merchant, and gateway services are as relevant and demanded as ever. But if you want to pay for APIs and other third-party features, add an extra $20K to $30K for integration. January 25, 2023. The trusted white label payment platform is catered to ISOs, PSPs, Acquirers, Banks, and Online Merchants. Payneteasy's gateway is a fully brandable, white-label solution. A white-label payment gateway services. Localized Content: With our white label payment gateway, you can create and display localized. When enabled, Checkout can identify and. Fast boarding and quick decisions on applications. For instance,. It is a custom payment gateway product, though. Advertiser disclosure 8 Best Payment Gateways of November 2023 Accept cards on your website with a payment gateway that meets your needs. And. Book Demo. White-label payment solutions require zero resources to develop a payment aggregator because it. 500 EUR. Get access to deeply-discounted interchange rates to keep your payment processing costs as low as possible. Thus, when a customer clicks “Buy now” on your website, the system doesn’t transfer him to a different page. These white-label payment solutions are generally cheaper than traditional payment gateways, but they do not provide OCCP (online credit card processing), active merchant accounts, or perks like. White-label payment gateway is PCI DSS-certified brandable payment software with a multi-acquirer approach and advanced payment features offered on a Service-as-a-Service basis. Now, let’s take a moment to compare these prices (1. 49 per 1099 e-filed with states $2. 4% and 8 cents per in-person transaction (if $50,000 or less in monthly card transactions). Mass transit the personal way. With their company branding taking center stage, they can provide an additional service to their core business. No cost White Label Payment Gateway Platform. Why payment platforms like PayPal are in demand? According to McKinsey, the global payment market revenue in 2019 was $1. Incorporating a white-label corporate credit card into an enterprise expense management program is advantageous for both employees and employers. Let’s create a strong future for you and your banking customers. Velmie white-label digital wallet platform helps fintech companies, financial institutions and neobanks create fully managed e-wallet payment systems and scale them over time with the most suitable and required features. Read on to know more about a regular payment gateway, how a white label payment gateway is different and what main advantages it can offer you. Request Live Demo. Some white label payment gateway providers charge recurring fees, either monthly or annually, for the use of their services. One-time setup payment. Once implemented, you pay a fee per transaction. The startup raised an “eight figure” sum back in 2019 and relocated its headquarters to Riyadh that year where it benefitted greatly from the pandemic. Accept 135+ currencies and dozens of local payments all over the world. Before discussing the disadvantages of a white-label payment gateway, we should highlight this. Cost: Developing a custom payment gateway can be expensive. Time- and cost-efficient. A self-hosted custom payment gateway. Advantages of the White Label Payment Gateway: Cost-effective payment processing solutions for startups and small businesses;White Label Payment Gateway. If you have unique business needs our solution doesn't cover yet, we would be excited to accept the challenge and solve your case. Discover how Partners are using Cardstream >. 4 min read ·White labelling is a legal technique that permits the sale and rebranding of a product or service under a different company’s name. The plugin lets you accept payments through credit cards. White label payment gateway cost is lower than the cost of custom payment solutions. Run your own scalable and competitive payment business saving up to 70% in development and operational costs. Fees, Maintenance and a Lot of Costs! When you decide to build your own payment gateway, you save the fees associated with the third-party providers. Costs of Online Payment Gateway Integration. Scalability:. The security of white-label payment processing isn't compromised. Multi-provider solution. For each processed transaction IC++ offer a detailed overview of cost distribution across three main components: Interchange fee, Card scheme fee (first ”plus”), Acquirer fee (second “plus”)Payments for platforms and marketplaces. These fees can include access to customer support, software updates, and ongoing maintenance. Payment Gateway. 3 Transaction Fees;Being a white-label PayFac is like living in a rented apartment. A third party actually provides the service, but from your customer’s perspective, the service provider is you. net is another great WooCommerce payment gateway that is widely known for its easy integration and smooth payment processing. ISOs . The final cost of a white-label payment gateway depends on the payment gateway provider you choose, the number and volume of transactions you process per month, and the number of merchants you service. Time to market. For a payment gateway development project, you’ll generally need the following roles at each project stage: Business analysis—business analyst, project manager, team lead/architect. One of the most appealing aspects of a white-label crypto payment gateway is its low transaction fees, typically ranging from 0. But if you want to pay for APIs and other third-party features, add an extra $20K to $30K for integration. You can invite guests to your place, and they will not care much whether you own it or rent it. Be notified of everything that's going on in your account via our website alerts, Telegram bots, or email. Interchange plus 0. White Label Cryptocurrency Payment Gateway companies, such as COINQVEST, have the skills and capability to provide the most cutting-edge creative technologies to help ease online crypto payments. Magnius enables companies to optimize payment operations and experiences and helps them increase revenues and minimize costs and risks. Benefit from having an advanced ready-made. Merchants must deposit into a single Chase bank account to be eligible. A white-label payment gateway provider that offers robust encryption and authentication protocols proves to be essential in maintaining a secure digital payment environment. Take control of compliance. If you are using a third-party or white-label crypto payment gateway, then you will have to pay a fee for using its. Cost-effectiveness; Customer satisfaction. Leads Protection System . It is because processing companies can now direct payment card transactions for processing to the acquiring banks for which these transactions are Intraregional, Domestic or even On-us. White Label Payment Gateways — Become a payment service provider with a competitive advantage, having your own-brand sophisticated payment infrastructure and capabilities • Canada. A good amount of monetory and labor is involved which makes it expensive to afford. Designing an architecture and a feature set for a custom online payment gateway (if required). If you are going to create a new company to provide online payment acceptance and processing service, you will surely be delighted to reduce the initial cost of the. Reduce IT Costs Significantly. 69, Aditya Industrial Estate, Mindspace, Malad West, Mumbai, Maharashtra. Your needs as a company are evaluated with a personal Strategic Channel Manager who will work closely with you to develop a relationship and white label solution that is mutually beneficial to all parties and something you can trust in. Your white label gateway provider (the third party) will. How much does a payment gateway cost? Most payment gateways charge a percentage or a set fee per transaction. A white-label payment gateway allows businesses to offer payment processing services to their customers without building the payment infrastructure themselves. The cost of establishing a separate team to create and customize items will be borne by the corporation. High level of security; 4. Upgrade or launch your payments business in a day; Optimise IT costs & risks by using the SaaS platform; Keep continuously improving by receiving updates; Demo Tour. It is done for another company to put their label. French; German; Home; Company; Your Payments. Lower transaction costs than the “payments as a service” approach. 24/7 Technical Support. To rebrand Cardstream’s Payment Gateway UK has a low set-up cost and rebranding fees. Partners. A white label payment gateway is a personalised form of payment solution that allows businesses to bring their brand into the picture while accepting payments online. A white-label payment gateway tailored to your business needs offers many of the same benefits as a self-made gateway, without the time, money, or headache. Source: financialit. AUTHOR : SAYYED NUZAT DATE : 04-09-2023. Here time is the king and investing in an existing solution may be more cost-effective. Ultimately, a white-label payment gateway presents numerous benefits to merchants, ISOs, PSPs and acquirers. Same-Day Deposits are available to merchants on integrated software platforms with a 5:00 pm PT cut-off time for payments processed on WePay. Expand to offer your software in 35+ countries. Licensing Fees: Licensing fees are the initial costs associated with obtaining the rights to use a white label payment gateway. On average, the cost of a white-label online casino from a reputable casino platform provider can range from $10,000 to $40,000. Businesses can also offer payment options and digital banking solutions using SeerBit's white-label solution. Marketing module. Payouts. The Advantages of Using White Label Cryptocurrency Payment Gateway Solutions. A white-label payment gateway is a fully developed payment gateway solution that businesses can rebrand and customize as their own. white label payment service provider is a ready-made solution through which you can offer online payment processing services to companies under. From a full end-to-end White Label Payment Gateway to modular solutions, covering all your payment requirements in the forever changing payment processing landscape. 000. So, under the circumstances a white label. This extends to accepting payments through a website. 6%. We help you to control payments with our White Label Payment Platform offering dozens of integrations and 500+ payment methods. To make an informed decision, it is essential to evaluate various factors such as fees, convenience, security, and support. PAYARC – Offers the best payment gateway for processing international transactions. A crucial step for any payment system is data encryption. Akurateco. A white label payment gateway is a solution that allows you to extend payment processing services to your customers under your own name. Contrastingly, with a white-label payment gateway, one can avoid these costs as the provider takes care of all the technical aspects. Usually, the first development phase is more money-consuming than the second maintenance phase. Let’s Discuss What Payment Gateways Do: Before we move towards the payment gateways for white label merchant services, let’s talk about the regular ones to ensure everyone reading this is on. ¥ 409,792. Learn what overhead payment processing costs are and discover tips for reducing them by downloading the Credit Card Processing Cost Reduction Guidelines. White Label Payment Gateway. Powered by. A white-label payment technology allows businesses to offer payment refinement assistance under their own brand. This wide range of companies. The white label crypto payment gateway processes and converts crypto funds into fiat money, enabling the online business to. You can sell the custom gateway as a white-label solution to other companies. 5% charged by conventional payment processors like PayPal and Visa. Plus, you don’t have to pay any gateway fees. 3. For some people, it might sound quite expensive, but you need to understand that. Larger and enterprise-level companies need gateway solutions that can be easily customized. Free up to 60% of business costs with. As we outlined above, a payment gateway is responsible for authorizing transactions between customers and merchants. Personal cryptocurrency tailored to your needs. The white label gateway delivers the necessary adjustments in this case. Zero. Credit Card Processing without a Merchant Account; Transaction Processing Cost Reduction: Smart Negotiations. 2 Customization and also Branding; 4. Building and maintaining a payments infrastructure is extremely resource-intensive. 3. +91 976 111 1910. You can get a high ground in your industry or market locale by offering more unmistakable chance and solace to your clients. We provide a complete range of digital payment services designed with the needs of Merchants, Banks, and Payment Service Providers in mind. 4. White-label payment gateway: Pros. We also provide on-demand integration services with unlimited providers and have ready-made integration. You can sell the custom gateway as a white-label solution to other companies. A white-label payment gateway is a fully developed payment gateway solution that businesses can rebrand and customize as their own. Beauty and Personal Care: White labeling is prevalent in the beauty and personal care industry. Flexible Payout Schedules. mPOS & POS SDK . Focus on your. While some providers often provide cheaper alternatives, they take a revenue share percentage as a commission. As the name suggests, this is a white-label payment gateway solution that can be bought ready-made. payment gateway integration into a native Android or iOS app is more costly in. Provided as a platform as a service (PaaS), IXOPAY uses one API to connect you to numerous payment service providers (PSPs), acquirers and processors. . At Quickewallet, we offer ample partnership opportunities from co-branding to a full white label payment gateway. LTD. Follow. Spell is a powerful white label payment gateway, helping any company step into or optimise the existing payments business. Expertise: White label payment gateways have experience in enabling millions of netizens to make payments to their. Users can integrate various. 1 Transaction Volume; 4. [email protected] | +43 1 353 0505 012. That's why we are here to equip you with the knowledge and expertise needed to take your ISO to new. Advantages of the “White-Label Solution” model: Branding opportunities; Quick Set-up time White-label payment gateways are a cost-effective solution for startups and SMEs with limited resources. Get everything you need to grow Benefits of Our Payment Gateway. Stripe’s white-label service can be more complex, but also provides more flexibility and customer support. The use of a white-label payment gateway will solidify your relations. Cost-effectiveness: By using a white label drag and drop website builder, you don't have to invest in the. net. People love us because of our speed, flexibility and easy to use solutions. You don’t have adequate control over the process, which is one drawback of a white-label gateway that can be crucial for you. Benefits of a White Label Payment Gateway. We provide intuitive payment solutions to businesses of all sizes. Expertise. Design—UI/UX designers, project manager. . 5. Payment software, infrastructure and team as a service. Book guided presentation of the white label payment gateway. White label payment gateway technology can ensure that your payment data and. They have a wide range of SDKs and. Cardstream is a global connector of payments, offering 360 ° comprehensive solutions. Let’s Discuss What Payment Gateways Do: Before we move towards the payment gateways for white label merchant services , let’s talk about the regular ones to ensure everyone reading this is. EasyPayDirect allows you to process payment, electronic checks, credit cards, and ACH transactions without a hassle. Powered by. You can accept and process credit card payments in various currencies. A white-label payment gateway is a payment solution that allows companies across business niches to offer payment processing under their name while the real processing is performed by a third party. Use 2-factor authentication, whitelist, PIN code and other features to never worry about the protection of your funds again. White-label payment gateways offer businesses a way to deliver on these expectations, providing a fluid and customized payment experience, saving time and costs, enhancing security and compliance, and reinforcing brand identity. Gaming content. Deliver the best payments experience for your merchants and their customers across every channel and every device: in-store, mobile, online or self-service. The white-label payment gateway provides a ready-made product to accept customer cryptocurrency transactions, considering actual tax and legal measures. 99 per 1099 e-filed with IRS $1. In this article, we will look at white-label payment gateway cost and why is it worth starting a PSP business with this type of software. Let’s take a look at some of them. Factors Affecting White Label Payment Gateway Costs. Payment to Payout Reconciliation. A white-label payment gateway is a fully developed payment gateway solution that businesses can rebrand and customize as their own. Incorporate surcharge fees to help your. Clients love the range of services Spell offers, which is how we help our clients win in the payments business in the following ways: Relaunch or overhaul payment gateway services in under 1 week; Offer the most. Our APIs enable you to build and scale end-to-end payments experiences, from instant onboarding to global payouts, and create new revenue streams—all while having Stripe handle payments KYC. We have an affordable white label solution that can take your business online instantly!. 0. Akurateco’s gateway is a fully brandable, white-label solution allowing you to own the end-to-end ready-to-use, PCI DSS gateway with zero development cost. Used by 2000+ companies across 32 countries, our solutions include: • Payment Acquiring Services. These services must be completely free of cost and merchants are entitled to get this service. White-label processor. Typically, it is a monthly flat fee with an additional transaction fee. Flutterwave . The main benefits of the product delivered by Akurateco: 1. Step 2: Next the merchant securely sends the details of that customers. A potential customer can be suspicious if he has to go to a third-party site. 6%. When developing a pricing strategy, potential clients must consider factors such as the target market, competition, and the cost of developing and maintaining the payment gateway. White-label payment gateways can offer transparent pricing, such as setup, monthly, or transaction fees, with no hidden fees or charges. 5% charged by conventional payment processors like PayPal and Visa. A white-label payment gateway is a fully developed payment gateway solution that businesses can rebrand and customise as their own. By choosing a provider with strong security measures, businesses can confidently protect their customers' sensitive data and establish a reliable online payment system. The cost of your gateway license will depend on the option you select and the functions you need it to support. Usually, the first development phase is more money-consuming than the second maintenance phase. How To Activate Payment gateway in B2C White Label Travel Portal; Manage pages in B2C White Label Travel Portal;Over 47 clients have acquired our white label solutions: cryptocurrency wallet, our cryptocurrency exchange, and payment gateway. By using a white-label payment gateway, companies can avoid the expense of building their payment infrastructure. Accept 135+ currencies and dozens of local payments all over the world. 9 trillion and is expected to grow by 6% per annum to $2. An online payment service provider (PSP) is an intermediary between customers, businesses, e-payment gateways, acquiring banks, and issuing banks. Stripe has transparent fees at 2. However, the potential revenue. Make and take payments. You can accept and process credit card payments in various currencies. A white-label payment gateway is a fully developed payment gateway solution that businesses can rebrand and customize as their own. Payneteasy White Label Payment Gateway. Just like any other business, payment service providers seek to increase profits and reduce. Find the top White Label Payment Gateways in Australia in 2023 for your company. No significant upfront cost. A powerful global platform enabling cross-border acquiring with optimised interchange costs and high approval rates. helping you to process them in the most stable and cost-efficient way. In March 2021, Flutterwave became a. ISOs also consider the pricing and cost-effectiveness of the white-label payment gateway provider. A white-label payment gateway is a fully developed payment gateway solution that businesses can rebrand and customize as their own. g. White label payment gateway is a ready-made solution that allows businesses or brands to start processing payments under their own brand using the third-party technical infrastructure. There are no fees or upfront costs associated with setting up your own white label payment gateway. All white label payment gateway providers must comply with Payment Card Industry Data Security Standards (PCI DSS) and other. Payment software, infrastructure and team as a service. Business operations allow customers to conduct payments with ease similarly. Here are the basic steps on how it works: Step 1: It all starts when a customer places an order on a website by pressing the submit order or checkout button. White-label payment gateways may improve customer loyalty by reflecting the company's brand and thereby offering assurance to the consumer. Time to market. PSPs offer online payment. It ensures sure all the details are correct so the sale can be transmitted to the. White Label Payment Gateway of Your Own. Stripe: best for worldwide sales management. Your needs as a company are evaluated with a personal Strategic Channel Manager who will work closely with you to develop a relationship and white label solution that is mutually beneficial to all parties and something you can trust in. eComCharge is an experienced team of specialists in white label payment gateway developing and support for e-commerce market. Utilize powerful technology by Akurateco to launch your own PSP with zero development cost. It allows Merchants to accept payments worldwide, gain actionable insights, route transactions intelligently via multiple acquirers and increase their payment success rate. Understanding these recurring fees is crucial for budgeting and long-term planning. When the online payment gateway is chosen wisely and carefully it is easy, secured, cost-effective, and efficient. May 14, 2022White-label payment gateways offer businesses a way to deliver on these expectations, providing a fluid and customized payment experience, saving. Product. adivaha® is the cost effective solutions for the customers looking for affordableready made white label travel booking engine. But, keep in mind that there is a lot of maintenance and other costs involved when opting for building your own payment gateway. It uses primary online payment mechanisms. When enabled, Checkout can. Stripe has become the world's sixth-largest. But a white label gateway takes things one step further by allowing you to. Get your business ready with all white labelled Payment Gateway . Here are the basic steps on how it works: Step 1: It all starts when a customer places an order on a website by pressing the submit order or checkout button. With no iFrames or redirects, and a 99. Highest level of card data security. White Label Payment Gateway. Thanks to the new functionality, the cost of Internet acquiring for the tenants of the white label payment gateway has decreased on average by 0. Cost-effective offer, affordable for SMEs; 2. Time to market. Our provided white-label gateway allows businesses to accept credit card payments in different currencies and offer payment processing services. Apart from being cost-efficient, white label payment gateways help businesses to decrease the time to market and start offering services to their merchants right away after a single integration with the white label solution provider. 43% between 2023 and 2028,. We started off as developers for foreign companies and later became an expert in white label payment gateway solution. Payments. and cost-effective. Similarly, a white-label payment facilitator model allows you to perform the critical PayFac-specific functions without actually becoming a payment facilitator. The white label solution that we offer at Coinsclone will cost you around 7000 USD to 12,000 USD. You also gain modern tools for your and your merchants’ automated business management, including back-offices, high-conversion payment pages, and robust API. White-label Payment Gateway. Processing cost components and transaction pricing strategies. MONEI white label payment gateway can be used as a hub for multiple processors and acquirers worldwide. Generally, independent development can cost you from $300K to $700K or more, while opting for a white label solution can save you hundreds of thousands of dollars. By opting for a white-label payment gateway, you gain the advantage of. You just take the readymade white label solution, put your logo and brand name on it, configure it, and become the gateway provider for your customers (cardholders or merchants). Our payment gateway resellers feel comfortable and endorse a product that brings the absolute best in payment solutions. Credit Card Processing without a Merchant Account;. These services can include recurring. Apart from being cost-efficient, white label payment gateways help businesses to decrease the time to market and start offering services to their merchants right away after a single integration with the white label solution provider. Our white-label solution has been used by Fortune 10 companies and the largest facilitators in North America. Regarding the monthly fee, the industry. 2 Monthly Subscription also; 5. A white label payment gateway is a payment solution used to offer payment processing services to your customers under your brand. ¥ 409,792. Manage all your payment gateways in one back office using advanced analytics tools.