If you run a business that requires recurring billing, online statement mailing services are critical for the health of your business. These services can take a significant load off of your business by streamlining the process and providing better communication to customers. They also can help you improve customer response rates by tailoring communications to specific segments of your audience.
Attempting to handle these processes yourself can be expensive and inefficient. It requires specialized equipment, space, and dedicated staff. Even if you have the right employees, mistakes can happen. Inaccuracies can result in returned or misdelivered statements and delays in getting payments from your clients. Using a printing and mailing service eliminates these errors and ensures that your statements reach the right people at the right time.
Efficiency and Accuracy: The Importance of Statement Mailing Services
In addition to statement printing, best-in-class printing and mailing companies can provide additional postal processing services. This includes address correction and verification to ensure that your statements are delivered to the correct addresses. Mailing lists can be sorted by location or grouped according to other factors like payment due dates, invoice amount, and client history to enable targeted mailings. These lists can then be presorted to qualify for lower per-piece postal rates by the USPS.
In addition to reducing costs and saving your staff valuable time, outsourcing your statement printing and mailing services can help you reduce the days sales outstanding (DSO) of your business. A physical statement is perceived as more trustworthy than digital communications and can lead to higher conversion rates.
