Smart Payables, Author at Smart Payables

The Cost of Issuing Checks (A Guide for Businesses)

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Like every other expense in your business, the cost of issuing checks is something you want to carefully monitor and control. Businesses that fail to optimize their check printing and issuing practices—a source of financial neglect that is surprisingly common—will quickly find themselves experiencing profit margins that are less than ideal. Even in a rapidly…

Every year, billions of checks are printed and issued in the United States. Checks offer businesses—both small and large—a safe, secure, and reliable method for distributing funds and issuing payments. Even in an era where digital payments have become much more common, businesses are recognizing the important role that printing checks play in their broader…

Checks are an essential component of many businesses’ payment process. Checks make it easy to distribute funds where they are needed most, while still providing you with the security you need. Unsurprisingly, billions of checks are issued every year in the United States alone. Today, we will cover everything you need to know about printing…

Whether your business has a single employee or 10,000 employees, payment processing is an essential detail that cannot be overlooked. Improved payment processing strategies are among the surest ways to make sure that both incoming and outgoing cash flows are exactly where they need to be. The term “payment processing” can be used to describe…

Over the past few years, the market for outsourced payment processing has been significantly expanding. Outsourced payment processing companies offer businesses value in a wide variety of ways, ranging from cost reduction to expertise to everything in between. According to recent estimates, more than 80 percent of businesses would recommend their outsourcing partner to another…

Outsourcing your payment processing is one of the best ways you can quickly improve the operations of your business. In this article, you will learn 7 of the most common reasons businesses choose to outsource their payment processing functions. As a business owner, you are likely looking for ways to improve your organization. While closely…

If you are currently the owner of a small business, you might find yourself wondering how to print checks. Over the past few years, the check printing industry has shifted with modern technology. In the past, you would have to place an order with your bank and wait several weeks for your checks to arrive.…

In order for your business to operate smoothly, you will need to develop an advanced payment processing system. Without the ability to efficiently—and accurately—process your payments, your business will eventually begin to experience cash flow issues. Fortunately, setting up a quality payment processing system is something that is easy to do. Even after all costs…

In 1996, the United States Congress passed the Health Insurance Portability and Accountability Act, also known as “HIPAA.” The purpose of this act was to improve the way health care information was managed and distributed, and also provide additional protections for consumers. This act was passed in the midst of the “digital revolution” that saw…

Each year, businesses of all shapes and sizes make the decision to outsource their payment processing duties. According to research recently published by Deloitte, 78 percent of businesses in the world “feel positive about their relationship with their outsourcing company.” The same study also goes onto cite that cost-cutting, focusing on core components of the…

According to the National Check Fraud Center, fraudulent checks account for more than ten billion dollars of losses every year. This figure continues to steadily increase, presenting a major issue for both businesses and banks. Most fraudulent checking practices can usually be corrected or reversed; however, the effects of check fraud are still felt. Not…

According to an article published in The Atlantic, there are more than 28 million checks written in average day. Since 1952, the total number of checks written has exceeded 8 billion. Clearly, check writing plays a very important role for both businesses and individuals alike. However, while check writing has been an important part of…

Like most business owners, you probably realize statement printing and mailing is a part of the business cycle that is both tedious and time consuming. In order to minimize the amount of time that needs to be diverted from the rest of your business, you are looking for ways to make this process as efficient…

Even in the modern digital era, a wide range of businesses still require the use of checks on a regular basis. Having a tangible, distributable check can help provide you with a material backup in case something goes with your electronic filing system. Additionally, many people find that having physical checks can be extremely beneficial…

Our client portal has recently been updated with a more modern, simplistic user experience design. New features have also been added to allow easier access and uploading ability to payments, documents and bank accounts. Another major update to the client portal is the vertical navigation menu on the left side. In the old client portal,…

One of the most commonly outsourced components of a business is its payment processing functions. Payment processing often involves having to pay attention to an overwhelming number of details and many businesses have found that it is simply easier to pay someone else to take care of it. We take a look at five different…