For many large enterprises, cheques continue to be a preferred method of payment for paying contractors, suppliers, business partners and other accompanying stakeholders. These payments are typically made via issuing a variety of cheques that are printed and sent to the respective parties on a regular basis. Streamlining these payments through a single system is vital to ensuring that all funds reach the right recipients without any confusion or misallocations. Fortunately, a number of online platforms are available to help companies streamline the printing and mailing of their cheques for all types of payments, including recurring ACH Direct Deposit payments, invoices and statements.
The primary reasons for this are that these platforms provide a single source of truth for all payment-related information; offer streamlined processing and tracking tools that allow users to stay updated on when each check has been printed, shipped and delivered; and provide full financial oversight with reconciliation capabilities so that all payments can be tracked from the time they leave the corporation’s account to the moment they reach the payee’s. With all of these features, the best check processing, printing and mailing platforms can significantly improve operational efficiencies, reduce costs and make the entire process more transparent.
Moreover, these platforms are often powered by API integrations that ensure a smooth link between the platform and the company’s accounting software. This eliminates manual steps and errors, saving time and effort and reducing stress for finance teams. Furthermore, these platforms can offer sandbox features that let companies test out critical recurring payments before actually sending them to ensure that the correct payment information is being used. Commercial banks also help companies by providing cheque printing and mailing services for a fee. This allows corporations to reap the benefits of economies of scale by getting better rates on products and services like paper, ink and courier fees as compared to what they could get on their own.
SITES WE SUPPORT
SOCIAL LINKS
Comments