The invention of computers has certainly changed the way that business is done. However, many businesses are still unaware of the benefits offered by using electronic billing services. These services can ensure that all aspects of your billing run smoothly. In addition, you could find yourself with extra time to run the aspects of your business. In this post, you will learn three important benefits of using electronic billing services.
- Ease of Access: If there is one thing that customers love it is instant access to their information. Electronic billing services ensure your customers have access to their important transaction information. Your customers only need an internet connection to access data from payment information to previous bills with just a few clicks. Using electronic billing services ensures your customers have the freedom to view, print, and pay their bills entirely online.
- Saves Company Money: Electronic billing services are beneficial to customers but a company can benefit in other ways. Using electronic billing services helps to reduce money normally spent on a wide assortment of printer supplies. Research shows that companies can save, on average, 11.5 cents by replacing a single billing statement with an electronic option. If you stacked the savings of a single bill among your customer base, the total savings could be massive.
- Potentially Quicker Customer Payments: It is important that a business tries to minimize the number of customer payments that go late. However, one reason for late payments could be because of using strictly paper billing systems. One study reported that 50 percent of customers will pay an electronic bill long before a paper bill would land in their mailbox. In addition, 20 percent of customers paid their electronic bill on the same day they were notified.
In closing, there are many reasons to choose paperless billing. Using an electronic invoice system offers your customers instant access to important transaction information. You could also find that using electronic billing saves your business quite a bit of money. In addition, if 20 percent of homes in the United States used electronic billing, 151 million pounds of paper would be saved. Choosing to use electronic billing for your company is a very beneficial decision!