Reduced Lockbox Expenses
Offering an electronic payment option greatly reduces the number of paper remittances received.
Less paper means fewer costly lockbox deposits. Organizations often discover that their Click-To-Pay savings represent a large percentage of the overall cost reduction they experience from using Doculivery.
Click-To-Pay payments are conveniently recorded with simple reconciliation in mind.
The elimination of paper statements and check payments also reduces the number of clerical errors that delay account reconciliation and require time-consuming research efforts.
Receive Payments Faster
Enabling customers and vendors to pay bills with a few quick clicks encourages them to pay sooner.
When Doculivery E-Statements are offered with the Click-To-Pay option, payment cycles are generally shortened by several days. Many firms report a decrease of 15 days or more.
Security / Risk Management
Consumers and businesses are anxious about identity theft. Many routinely destroy and/or shred private documents, including cancelled checks and aged billing statements.
Offering Click-To-Pay reduces the need to employ these additional security measures and empowers those already accustomed to online banking and electronic debit programs.
SQL server redundancy, SSL encryption, GeoTrust certificates, and firewall protection minimize exposure and prevent privacy violations and identity theft. Random offsite testing ensures coverage for any contingency.