5 Reasons Your Business Needs Online Bill Payments
Posted by payscoutinc on September 6th Adidas NEO Lite Racer France , 2018


If you are still using the antiquated system of manually entering, calculating, and creating invoices, your business is losing valuable staff time. You’re also losing money.

Enabling automated Adidas Marathon France , online bill payment reduces costs while increasing the probability that you will be paid. Combine your online bill payment portal with accounts receivable collections software, and your business will be streamlined to collect payments quickly and efficiently.

Consumer Focus

Giving your consumers an easy way to pay increases your likelihood of being paid. More than half of Americans pay their bills online, and as the younger generations move into adulthood, this number will continue to increase. Offering an online bill payment option is just another customer service feature that many have come to expect in 2018.

Cost Savings

It costs your business a significant amount to send invoices. According to Sterling Commerce Adidas Gazelle France , “manually-processed invoices cost, on average, per invoice to process…while each paper invoice error costs companies .50 to rectify.” Compare this to the cost of fully-automated invoices—which according to the same research averages .50 per invoice—and the cost savings could rapidly add up.

Environmental Responsibility

For every bill you don’t have to print, that is paper that stays out of a landfill or fire pit. When you utilize online bill payment Adidas Deerupt France , information is securely stored month over month, reducing the amount you have to print to next to nothing. Online bill pay is a much better option for the environment.

Automatic Reminders

With online bill payment, you can easily email clients their invoices and reminder notices prior to the due date, giving your client ample time to pay. This is especially helpful in the healthcare payment processing world Adidas Daroga France , as medical bills often take a back seat to other billing priorities. Plus, consumers can set up recurring bill pay to keep them on track with payments.

Increased Accuracy

Accepting online bill payments means the likelihood of errors is dramatically decreased—especially compared to making manual calculations. Reducing errors cuts operating costs and increases your bottom line over time.

About Payscout

Payscout’s mission is to support the entrepreneurial dream one transaction at a time; they do this by connecting merchants and consumers via credit, debit, ATM Adidas Climachill France , and alternative payment networks. A thought leader in the payments industry, Payscout wants to help you thrive with payment processing that works for you. They can also help you go global with their international payment processing on six continents.

Grow your business with Payscout at Payscout




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