Even in today’s age of digital financial transactions, there are many situations where companies still have to regularly mail checks to customers, clients, and even vendors.
And the more checks a company has to process regularly, the more time-consuming the process can become. It can require a team of employees and specialized software and hardware systems to stay on top of such workloads.
One of the best options for most businesses is outsourcing check fulfillment services to a company like Incentive Insights. I want to show you how it will help your productivity with a unique approach.
Benefits Of Outsourcing Your Check Fulfillment
Here are the main benefits for your operational efficiency and effectiveness.
If you have a relatively low volume of checks to issue, you might often write the checks manually. But even for a small number, that can be very inefficient. The problem is that automated systems that integrate with your bank and other financial institutions are expensive and require dedicated staff. Rather than being in a position where you have to staff and manage a team to handle paper check payments, you can free up time and resources to focus on your core business model.
According to the New York Times, outsourcing has many benefits for small businesses. One important factor is increasing efficiency, and another is reducing labor costs. They state, “An outside provider’s cost structure and economy of scale can give your firm an important competitive advantage. Companies that do everything themselves have much higher research, development, marketing, and distribution expenses, all of which must be passed on to customers.”
For small business owners, operational costs are a driving force behind all business decisions. And the overhead costs for check processing, printing, and mailing services can become substantial. By outsourcing to check printing services like Incentive Insights, you can ensure that your costs for checks printed and delivered are kept to a minimum, as we can pass on the benefits of the economies of scale. And that will help you save money in the short and long term.
Improved Security And Accuracy
Small businesses won’t just reduce costs by using digital services for check printing with encrypted connections and secure mailing. They will also gain additional security for an area of their businesses where small mistakes and security flaws can become very costly.
Those costs can be financial and reputational, and you can avoid them with the right outsourcing partner.
Boost Customer Satisfaction
Check printing and delivery can be a slow process for a small business, and consistent same-day processing can become almost impossible without the right tools and systems.
But when you achieve a situation where refunds or incentives for customers‘ orders or vendor payments are always handled on the same day, you will build a reputational moat that most other businesses struggle to achieve.
What Makes Incentive Insights Unique?
Unlike most other check fulfillment services, here at Incentive Insights, we take a unique approach in several areas.
We Issue Checks Directly
Our streamlined processes are very efficient. Our pricing includes fraud protection, bank check issuance, and check processing. Your team provides funding for the check batch, and we take care of the rest.
Don’t forget you can tailor the service package to suit you best to manage cash flow.
Positive Pay Protection
Our check fulfillment services also come with complete positive pay protection for our customers. That means we have processes that integrate with the banking system to reduce and eliminate the risks of counterfeit, forged, or altered checks.
Efficient Mailing Services
Many check fulfillment companies will argue that printing and mailing services must happen on the same business day to avoid fraud and unexpected returns. An efficient reconciliation service tied into the various fulfillment and mailing tasks is important to avoid such situations.
We understand shipping speed is essential. Through years of experience, we have worked to reduce the turnaround time for getting checks to customers. We work with your timeline, and your required delivery options are offered.
Include Additional Materials With Checks, aka “Kitting”
One of our add-on services that many clients like to take advantage of for check fulfillment is adding non-personalized material to the envelope. This can be marketing material or general information about why they received the check from another company.
It’s an excellent opportunity to build further connections with customers and reach them with additional details in the mail they will read.
Our team can guide you through the options and pricing page for this service so that you get the best return on investment.
Find Out More About Our Check Fulfillment Service
Talk to the team today if you’d like to learn more about how check fulfillment services can streamline your business operations and reduce costs.
We offer a highly tailored service that always aims to deliver rebate processing services and process that reduces overhead and eliminates time-consuming tasks. You’ll be able to reduce the need for a team to handle your check print and mailing processes and focus on growing your business.
And your customers will learn what it’s like to be valued and receive payments in record time.
Need to outsource other tasks outside of check fulfillment? Incentive offers a variety of custom incentive solutions. We support industries in automotive, high tech
and food service. However, we are not limited to these industries. Contact us today to see how we can help with your consumer incentive programs!