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An Electronic Payment System can eliminate much of the labor and the risk of human-error and speed the settlement of funds to your account. This equals faster access to funds, lowered costs and higher profit per payment. Let’s look at some common paper check based problems and CCFS electronic payment solutions:
PROBLEM: Getting Paid on Time
SOLUTION: Through the implementation of Recurring ACH Debits you are assured of getting pay on time each month. Unlike with paper checks, there are no more phone calls, collection letters or headaches!
PROBLEM: Costs of a Paper Check Based System
SOLUTION: You will quickly find that moving to an electronic payment processing system will save you money and time while increasing your office efficiency and employee productivity.
PROBLEM: The Cost of Invoicing (cost of invoicing pdf)
SOLUTION: ACH processing will reduce your invoicing costs dramatically. In many cases CCFS is able to reduce Paper Invoice costs by 50% !
PROBLEM: Processing Paper Checks & Coupons
SOLUTION: Our automated Check 21 solutions will help you handle checks and payment coupons quickly and efficiently. ACH processing eliminates paper processing altogether.
PROBLEM: Depositing Funds Into Separate Accounts
SOLUTION: With electronic payments, funds can be processed by account. This makes it very easy to handle funds for each property owner, individually…right from your desk, with having to go to the bank.
PROBLEM: Depositing Funds Into A Single Account (Cash Concentration)
SOLUTION: Electronic payments, through the ACH Network, can actually eliminate this expense. Funds can be deposited to each office’s account and swept to the main account electronically or all of the deposits can be settled to the main account with each office’s batch ID representing their Office. The choice is yours.
Sweep Accounts and Concentration Fees can be eliminated.
PROBLEM: Consolidated Financial Reporting
SOLUTION: Electronic payments can be grouped by account number or unique identifier to provide individual account activity in addition to being provide consolidated financial reporting. We provide software solutions to help you consolidate your finances. Transactions can be imported into your existing software set-up.
PROBLEM: Risk and Processing Liability
SOLUTION: As a fully insured and bonded third party processor, CCFS is prepared to handle your electronic funds with complete responsibility. Try getting that assurance from your bank!
For more information on how CCFS can solve some of your existing payment problems...
CALL TOLL FREE: 1-866-691-0666
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