Automated invoice processing cost
January 14th, 2011Automated Statement Processing – Take Care of Invoicing with Less Effort.
If the resources spent mailing bills is taking its toll on your bottom line, your company should consider using a statement processing vendor to take care of this for you.
Statement processing vendors specialize in handling printing, stuffing and sending for various utilities and services. If you process your invoices in house and send out a good number of bills every month, your company could cut costs with a statement processing company. It streamlines the process so all you have to do is upload a file; the bill processing company take care of printing and sending after that. It’s a cost-effective, less wasteful way of handling billing, plus if they presort your statements you’ll save money on postage as well.
With the right statement processing company your statements will seem to go out automatically. The process is rather easy. It begins with a client uploading the necessary data to the statement processing company; this is actually the only part of the process the business actively participates in. Your file is then converted at the processing company and rendered into either an e-mail statement to be sent to customers immediately, or a paper statement will be created and mailed to customers.
Most customers expect paperless billing now, and it’s much cheaper to send an email version of a bill than a tangible paper version in the mail. The rationale is if people want a paper version, they can download the e-mailed bill and print it themselves; it has the same information as the paper bill does, only it can be printed by the customer at any time.
If your company is trying to cut costs, consider a statement processing company.
By getting the bills out quickly, your business can start collecting money quickly, since most statement processing companies also collect the payments for you as well.
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