Is In-house Check Printing Holding Your Business Back
Is in-house check printing holding your business back?
Small businesses today think they can do it all. From the business plan to the front lines, business owners are involved in every aspect of their business. In many cases this approach can work however, there are certainly moments when it is better and more cost-effective to contact a professional expert rather than attempting to bridge a business gap yourself. Logically speaking, experts are experts because of their experience navigating a particular aspect of business functionality. From supply chain to customer service to internal processing and employee relations, everyone cannot be an expert in everything.
When discussing check writing and check printing services as part of your business, it may not be a bad idea to reach out to a professional. Why? Simply because check writing and check printing services are typically non-core internal processing needs. Therefore, utilizing a check writing and check printing expert can increase your check writing and check printing productivity, decrease overall processing costs and streamline your procedures. As a result, businesses who utilize a business process outsourcing (BPO) check writing and check printing partner gain increased processing accuracy, overall increased productivity and more efficient processing at a lower cost than manual check processing.
Your business will see many benefits when you choose to automate your internal check writing and check printing process. The benefits of electronically processing checks includes:
- Eliminates the errors associated with verifying check data, extracting data from checks, and validating/authorizing checks.
- Automated technology validates check signatures, dates and debit account numbers.
- Automated technology verifies checksums, matches check and clearing data
- Ensures the courtesy amount and legal amount on checks match
- Flags high-dollar checks
- Performs sanction account monitoring
Many of these options are simply not realistic for employees to do successfully on a daily basis. There are always the companies that will try to do it themselves first. In order to accomplish that, those businesses will be required to invest in updated methods for check writing and check processing in order to remain competitive professionally long-term. The thinking is that doing so will remove the expense of outsourcing the check writing and check printing process to a business process outsourcing (BPO) company. But, are all the facts being considered?
- Employee processing time
- Cost of updated check writing and check printing techniques
- Consideration of cost associated to human processing error
- Consideration of cost associated with hiring and training time
- Cost of check writing and check printing supplies
Creating and maintaining a competitive and successful check writing and check printing process requires expert-level experience, as well as a practical and working knowledge of check processing industry standards. This is certainly a primary reason that supports outsourcing non-core business processes, such as payroll, human resources, customer service, Electronic Data Interchange, rebate fulfillment, barcode labels, third party billing, check writing and check printing, etc. to name a few.
Ultimately, the majority of companies today realize significant savings when they outsource their non-core business processes to a reliable business process outsourcing partner. A partnership with a reputable company ensures quality work, eliminates the learning curve, and reduces equipment expenses. It also eliminates your need, as a business owner, to stay up-to-date on industry changes and improvements, a major cost reduction for you.
Learn More about BPO Check Writing & Check Printing Services
Integration, Inc. enables your company’s success by providing complete IT outsourcing solutions for business process automation. As a result, this allows your organization to increase efficiency by being able to respond rapidly to changing business environments, while meeting your customer’s needs consistently and in a more cost-effective manner.
To learn more about business process outsourcing, contact Integration, Inc. today. Integration, Inc. is an industry-leading business process automation provider specializing in business process automation services, such as Electronic Data Interchange (EDI), check writing, check printing, check processing, rebate processing, barcode labels and third party billing to thousands of companies across the globe.