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11% of invoices are paid late because the customer never received the invoice
Your customers cannot pay a bill they never receive, which makes it especially important that you keep your address lists updated. This can be done in one click by adding address validation software to your outgoing mail process.
Your business is 1.5x more likely to get paid if you send an invoice the day you complete service. But, you can't run statements daily! With mail management software you can send out invoices, statements and reminders through multiple channels - email, the post office or a client portal. This speeds up mail prep, saves money and improves cash flow, significantly reducing DSO.
Sometimes an overdue payment can be easily fixed with a friendly reminder, as apposed to all the time, money and effort it takes to send a follow-up or final notice in the mail. With mail management software you can quickly and easily send invoices, bill reminders and notices to customers using e-Delivery. It won't cost your business anything extra in mailing and postage costs, and it will improve your cash flow and keep all of your customer communications in one place.
In low-performing organizations, more than 75% of each core back-office process is still manual. Adding automation to your mail process is one of the best methods for decreasing DSO. If your accounts receivable process is mostly manual by design, there’s a better, faster, more secure way. With Quadient, you can add automation at every phase of your process and include other channels in addition to postal mail in order to reach and compel your customers. And we make it easy and affordable to add automation to your workflow.
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