Have you ever considered outsourcing your check writing process?
Does your company print checks on a weekly or monthly basis? Maybe your business prints checks for accounts payable, reimbursements, payroll, rebates, or refunds? In the tight economic climate today, business owners see the expense first whenever considering one proposition or another. The fact is, many business owners fail to see the cost-savings associated with outsourcing the check writing process all together.
For example, depending on the overall volume of checks being processing by your business, it is estimated that printing a check internally costs a company an average of $2.00 per check. This average includes an estimation for overhead, specifically salary, insurance, benefits, rent, equipment, supplies, postage, etc. As a result, outsourcing the check writing process can cut that cost to your business by more than 50%.
Benefits of Outsourcing the Check Writing Process
There are many benefits to outsourcing internal business processes such as check writing and check printing services. Some of these benefits include:
- Cost Advantages: outsourcing companies are able process and complete your jobs at a lower cost, higher quality and in a faster amount of time compared to internal processing. This saves your business both time and money.
- Quality & Expertise: The quality of outsourcing services is higher based on the outsourcing company’s expert-level knowledge of processing. This in turn increases check writing and check printing accuracy, cost and productivity for your business.
- Diversifying Employee Functions: An outsourcing company taking on your check writing and check printing procedures allows your business to re-assign employees to other internal tasks, or eliminate the needs for additional personnel, all of which support a cost-savings for your business. Using your staff more efficiently will generate more profit for your business as well.
- Updated Infrastructure & Technology: An outsourcing business specializing in check writing and check printing must remain up-to-date with all technology improvements pertaining to the check writing process in order to remain relevant in the marketplace. This can be costly and require a large up-front investment for a business that processes only their own checks. A specialized outsourcing business views these requirements as necessary for their best performance. The best part is that you can sit back and let the outsourcing companies invest while your business saves money.
If you have not already, it is time to consider why you are still completing the check writing and check printing process in-house. Still have questions about outsourcing your check writing and check printing procedures? Contact Integration, Inc. to find out how outsourcing can work for you. www.integrationinc.com