Online Invoicing Facts and Misconceptions
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There are different reasons why customers are reluctant to begin to make use of online bill paying, and there are also reasons why businesses refuse to take advantage of online invoicing. This article is aimed at making sense of some of the more common misconceptions about conducting business online.
Many customers still subscribe to the belief that anything short of "conventional' mail cannot be trusted and is not secure. Unfortunately, this type of thinking is no longer true. Business conducted over the Internet is probably safer than you think. There is less chance of your personal or financial information being compromised than it is if you send it the traditional way, and you don't have to worry about shredding documents that may contain your sensitive information.
Some people think setting up an account online is complicated and time consuming. This couldn't be further from the truth. It generally takes less than ten minutes to open and establish an account with the provider that is offering online invoicing. It's a simple matter of providing contact and payment information, and you are done. You are going to be surprised at how quick it is to do, and how convenient it will be to view and pay your bills online.
There are some businesses that still resist the idea of switching to this method. Why? Perhaps they think the time involved is not worth the effort, or they may think that they are not going to save money this way. Fortunately, not all companies are like minded about this concept. Eliminating paper statements does save a company substantial amounts of time and money. Each paper statement they send will cost the company approximately $15 per customer, and this amount can be reduced by at least 50% per invoice. This amounts to considerable savings for any business.
The company often feels that implementing an online billing system is too complicated and expensive. This is, in fact, a myth. Basically, all any business has to do is sign up with a company that provides this service to get started. Once the process is implemented, sending invoices is quick, streamlined and efficient. Even businesses that are reluctant to the idea will be able to see how much money can be saved over time. Modern technology definitely has a place in the business world.
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