Posted by admin on Feb 10, 2010

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:

  • More than 2,208 pounds of paper.
  • More than 27,000 gallons of gasoline.
  • Approximately 264 tons of emitted greenhouse gases.

Other benefits of electronic payments and invoices include:

  • Improved cash management.
  • Lower transaction costs.
  • Greater visibility and control.
  • More efficient processes.
  • Enhanced service to suppliers and employees.
  • Reduced exposure to risk.

Interested in electronic check processing?

Contact today