Banks, credit unions, and lenders create many consumer lending documents as part of the loan process. These communications and statements must be printed and mailed compliantly, protecting the personal data within them. As a result, there is considerable time, cost, and effort to deliver these accurately and securely. It can be an operational nightmare, [...]
If you print and mail documents to customers, including statements, invoices, and any other communication, postage is a big part of the budget. It’s an expense that’s hard to decrease, especially since postage routinely increases. In a time when you’re looking for ways to save money in operations, you can reduce postage costs with [...]
Banks have operational requirements regarding customer communications. Much work goes into these workflows for bank statement printing, as the industry is document-heavy. Even with more consumers adopting e-statements, community banks still print and mail thousands every month. It’s an expensive endeavor that must follow strict compliance guidelines and ensure accuracy. Many financial organizations are [...]
As a community bank or credit union, bank statement printing is a key operational activity. Your customers rely on receiving this for reconciliation, and expect them to be accurate and on time. These documents must also adhere to compliance requirements, with no room for error. While bank statements have been part of your process [...]
Avoiding check fraud is serious business for any company. Advanced technology has been able to mitigate the occurrence of fraudulent checks, thanks in part to MICR (Magnetic Ink Character Recognition) printing. So, what makes this type of printing so unique? How Does MICR Check Printing Work? The role of MICR check printing in production [...]
Payroll is a critical process for every accounting department. Unfortunately, it’s often time-intensive, manual, and inefficient. Your finance team has a lot on its plate, and payroll printing is more of an administrative task than one that adds value to operations. So, why not consider outsourcing these functions to professionals? In this post, you’ll [...]
The United States Postal Service recently announced new prices for 2023 for market-dominant mail products. These USPS postage updates will be effective on January 23, 2023. The USPS Board of Governors has approved the changes. Some of the highlights include raising First Class Mail prices. Let’s break down all the new rates and their [...]
Is your accounting department mired in ineffective and manual processes? If you asked them today what area they’d like to improve, many would relay check printing and mailing. It can require hours of work to ensure accuracy in this process, keeping employees away from higher-level work. To reduce this burden, many organizations decide to outsource [...]
What is a collection letter? A collection letter is a critical communication used by the ARM (accounts receivable management) industry. They stand as the official and formal notice to a debtor from a business regarding bills and payments due. It includes key information and must comply with compliance regulations. While all these documents are [...]
The activities of your accounting department often venture into the realm of manual or inefficient. While your staff has technology that improves their productivity and workflows, the problems usually reside in check printing and mailing services. As with any area of business, you want to accelerate efficiency, accuracy, and quality. However, you have to [...]
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