Payment Portals and Electronic Invoicing
In their simplest form, Payment Portals are a way for customers to pay their bills without the need to print and mail a check. Combined with Electronic Invoicing, they can be a very powerful technology for both suppliers and their customers:
Customers can not only pay their bills online, but also [...]
The Automated Clearing House network (ACH) provides an extremely reliable and effective system to transfer funds electronically from one financial institution to another. This includes recurring billing, pre-authorized debits, internet / telephone payments and checks converted into ACH payments. It is estimated that the number of items paid through the ACH network will continue to double [...]
We all heard the stories, computers would eliminate paper. There would be no need to print pages and pages of hard copy, all your important documents would be available at your fingertips. Unfortunately with the evolution of the computer and increasingly cheaper plug and play printers, paper usage has increased tremendously.
With a simple mouse click [...]
Now that your customer has been invoiced for your services or products the next step is to have them provide payment. That is the name of the game and this is the hard part. Although your customers are honest and trustworthy, getting them to pay sometimes can be a chore, and the easier it is, [...]
What is a lockbox?
A service offered by banks to companies in which the company receives payments by mail to a post office box and the bank picks up the payments several times a day, deposits them into the company’s account, and notifies the company of the deposit. Data entry clerks at the bank manually [...]
Printing and processing your own invoices is a cash-slow, time intensive process. It wastes paper and your money. Stop the waste. [...]
