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NewProducts

Amplify deal count with

AI-powered statement analysis

"Staitment can be custom-tailored to meet the needs of
acquiring giants, to a small ISO," LoVecchio said. "If you
have statement reading experts, Staitment will improve
their performance. Our self-service option allows payments
companies to outsource the entire statement analysis
process at a price point better than doing it in house."
wipesum, a processor-agnostic credit card pro- Instant proposals, easy interface
cessing marketplace, enhanced Staitment, an
AI-powered technology platform designed to In addition to delivering instant analysis and proposals,
S analyze merchant statements, identify related Staitment is easy to use and includes an easy-to-navigate
fees and pricing structures, and create proposals on the fly, interface, LoVecchio stated. After uploading a statement,
the company stated. users can identify overall effective rates, pricing structures,
fees, volume per card type, number of transactions,
"We are determined to build the most powerful sales tool interchange fees, and total monthly processing fees
for merchant services," said Amy LoVecchio, director of without manually entering any data. This unique merchant
product at Swipesum and Staitment. "Companies using data will flow into a powerful sales proposal generator for
Staitment will generate more leads and turn around sales digital or downloadable cost-comparison sales proposals,
proposals faster than the competition." she added.

LoVecchio pointed out that Staitment's lead generation and LoVecchio also pointed out that the AI-powered platform
automation capabilities enable merchant level salespeople provides ISOs, MLSs and sales channel partners with a
(MLSs) to quickly source new customers and upload revenue generator that increases the number of inbound
merchant statements without manually entering data. leads they receive from their website and partners.
These tools accelerate the sales cycle, she added. Staitment's suite of digital tools enables users to quickly
Win more deals identify and size opportunities and analyze statements
in front of their clients and prospects, she noted, adding
Statement analysis is an extremely convoluted space, and that with these capabilities, Staitment partners can verify
its analysis and cost comparisons can be prone to high error interchange rates and build beautiful digital sales proposals
rates, hours of data entry and expensive overhead, LoVecchio on the spot.
stated. Pointing out that using arbitrary line items to define A winning solution
multiple scenarios is a common practice, she noted that
Staitment tools leverage artificial intelligence and machine Following a short presentation by LoVecchio, Swipesum's
learning to identify true effective rates, helping MLSs and Staitment won second place in the 2022 Catapult competition
service providers improve agility, efficiency and accuracy. at the annual Northeast Acquirers Association conference.

"Our software extracts all data from a statement and The company is celebrating the win with an additional offer
transfers it to an AI document, saving hours of data entry for Green Sheet readers. "We'd like to offer The Green Sheet
and manual reviews," LoVecchio said. "The platform subscribers an opportunity to test our product at no cost
quickly analyzes the data and creates cost-comparison with free credits to upload statements," she said. "This way,
sales proposals on the spot. The entire sales process is you can see for yourself what all the hype is about. Visit
streamlined, freeing up time to bring in more business us at www.staitment.com/greensheet for this special offer."
opportunities."
Brandable, customizable

LoVecchio went on to say that Staitment offers two Company: Swipesum
packages, professional and premium, and can white label Product: Staitment
most software features. By engineering the platform for
payments organizations that currently review statements Website: www.staitment.com
manually, Staitment accelerates workflows and drives Contact: amylovecchio@staitment.com
continuous process improvement, she noted, adding that
experts' jaws drop when they see a software demo and
realize how much the platform can do for them.
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