According to a recent study by research advisory firm Aberdeen Group , companies that rely on paper checks spend more than $11 on average per payment. Companies that rely on electronic payments such as echecks spend 38% less per payment. Clearly, electronic checks (echecks) save companies money.
But in these days of environmental awareness, going green with echecks can be beneficial to companies as well. From a public relations point of few, very few issues have the positive impact as an announcement of reduction of carbon footprints and corporate green initiatives.
According to NACHA’s PayItGreen Alliance , a corporation initiating 120,000 paper payments per year could save the following annual resources by converting just 50% of those payments to electronic:
Other benefits of electronic payments and invoices include:
Interested in electronic check processing?
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