Does your business have its own accounts receivable department? If so, you know that it can be easy to fall behind on statement processing, and keeping up with dedicated billing each month can be both difficult and expensive. However, there are options that can make your statement printing, mailing, and processing much easier, and one is to outsource billing to a statement printing and mailing services company.
Just what can outsourced billing do for your business? For one, it can make day-to-day operations run more smoothly. It can also reduce expenses for toner, ink, paper, and laser image printing equipment and save the company on postage. Personnel can be reassigned to other core business responsibilities instead of having to worry about billing practices.
Here are just a few of the services that these outsourced billing companies can provide for your business:
1. Statement Printing: Printing statements on your own can be expensive when you consider the costs of printing thousands of personalized statements with laser image equipment. However, printing statements isn’t just related to the laser image printing needed for large volume jobs. Outsourcing billing also gives companies the opportunity to redesign their statements to be easier to read and understand.
2. Statement Mailing: Postage costs always seem to be on the rise, so businesses that mail statements should expect to spend a lot. However, outsourcing statement mailing gives businesses the option of just paying one flat fee to send those bills out. In some cases, businesses can get better rates from the post office, too, if they have a dedicated billing service working for them.
3. Statement Processing: Finally, even businesses with their own billing departments need help with processing all of those payments every now and then. Using a statement processing service can save workers time. It also gives business owners a “hands-off” management approach, so they don’t have to spend so much time reviewing their accounts receivable for late payments or other issues.
Have more questions about how outsourcing your company’s billing practices can help you?